Chemicals and Materials Industry Analytics

How Does Laser Printing Technology Propels Coding and Marking Systems Industry?

Coding and marking systems existed in various industries for over a long period, it includes food and beverages, pharmaceuticals, cosmetics, and others. These systems are crucial for product traceability, along with this, they ensure products are compliant with industry standards and deemed safe. The coding and marking systems industry is projected to generate revenue worth $7,469.6 million by 2030. There are numerous other benefits of coding and marking systems, such as the display of important information. In addition, they are used to print batch codes of identical products with the same production time and location.

Coding and marking systems come with varying technologies to cater to the types of printing requirements. The right coding and marking system depend upon the product surface, quality, and efficiency. We have provided here description of several types of coding and marking systems technology.

To receive free sample pages of this report@ Continuous Inkjet Printer: The continuous inkjet printer jets-controlled droplets of ink into primary packaging such as bottles, films, cans, and other primary packaging substrates. These are utilized to print expiration dates, lot numbers, barcodes, and production information. These printers facilitate the printing of clear and concise codes at a high speed.
Thermal Inkjet Printers: This technology utilizes ink cartridge-based systems to provide traceability information onto the product or its packaging, it includes logos, 2D codes, text, and barcodes. The TIJ printers provide support in reducing production costs by allowing printing onto cases and packaging and hence mitigates the labels requirement.
Drop-On-Demand Inkjet Printer: The drop-on-demand inkjet printer is a specialized labeling system that ejects discontinuous droplets by printing heads on the printing substrate to generate an image by the heat-induced explosion of ink bubbles. There are numerous advantages of this technology such as low cost, large character printing, compatibility with special inks, and high printing quality.
Print and Apply Labelling Inkjet Printer: This technology enables users to create and apply labels directly onto the product and its packaging. It includes barcodes, 2D codes, QR codes, alphanumeric codes, graphics, personalization, and addressing accurately and cost-effectively. It supports reducing scrap reruns, labor costs, and human errors with an increased focus on catering the customer requirements. Laser Coding and Marking Inkjet Printer: This advanced technology is highly efficient, as it works on every surface such as wood, tin, cardboard, plastic, and others. It enables the possibility of printing everything such as text, numbers, dates, QR codes, data matrix codes, or logos. The permanent coding enables by it mitigates the risk of fading of barcodes or other markings. This technology is massively utilized in the FMCG sector as it enables coding at an extreme speed.

How Does Technological Advancement Boost the Efficiency of Coding and Marking Systems?

The coding and marking systems industry based in India has garnered $42.7 million revenue in 2021, and it is projected to generate $127.6 million revenue in the coming years, advancing at a rate of 12% in the coming years. The coding and marking systems industry are projected to rise in the coming years, ascribed to their rising application in the pharmaceutical, and food & beverage sectors, along with their growing demand in the automotive sector, ascribed to rising sales of electric vehicles.
In addition, such technology facilitates the usage of such systems for longer hours to run smoothly with minimum servicing requirements. Hence, they serve as cost-effective solutions. Under the offering segment, the systems capture a 90% share of the industry. It is led by the wide usage of coding and marking systems in numerous industries, such as fast-moving consumer goods, agrochemicals, chemicals, pharmaceuticals, and automotive to authenticate the tracking and tracing of products, including the supply chain.

To receive free sample pages of this report@ Under the end user segment, the food and beverage category is projected to capture the largest revenue share, in the coming years. The worldwide strict government regulations on the safety and traceability of shipments have encouraged producers to appropriately the manufacturing date, ingredient list, nutritional facts, and manufacturer’s details on secondary and primary packaged food items. The coding and marking systems industry based in India has a positive outlook with growing production volumes, and rising demand in the coming years. India holds the potential to worldwide lead the manufacturing of coding and marking systems and offer numerous opportunities to industry players. In addition, the rising population and manufacturing demand are projected to propel the coding and marking systems industry in the near future. Hence, it will result in companies offering such solutions and related software with massive investments to escalate operations, thus it will boost the industry. Therefore, the expansion of the food and beverage sector with increasing demand for packaging propels the coding and market systems industry in India.

Innovative Coding and Marking Solutions: Driving Growth and Opportunities in the India Market

The Indian coding and marking systems market will display a healthy CAGR of around 12% between 2021 and 2030, primarily on account of the surging need for traceability across industries and the increasing implementation of government regulations on product labeling. According to P&S Intelligence, the industry was valued at $42.7 million in 2021, and it will generate $127.6 million revenue by 2030. Additionally, the booming packaging and manufacturing industries and the increasing application of coding and marking systems are also key contributors to the market growth.

In addition, the booming population will also help the Indian coding and marking systems market growth in the future. Population boom will result in the high volume consumption of chemicals and agrochemicals and electrical and electronic products. Additionally, the surging population will also lead to the wide-scale construction of residential and non-residential projects. Tools and products are labeled using coding and marking systems. According to the World Bank, the population of India grew from 1.36 billion in 2019 to 1.38 billion in 2020.

To receive free sample pages of this report@ Furthermore, the systems category held a larger share in the Indian coding and marking systems industry in 2021, based on the offering segment. This is due to the increasing use of coding and marking systems in the FMCG, automotive, pharmaceuticals, and chemicals and agrochemicals industries to authenticate, trace, and track products in their supply chains. On the other hand, the software solution category is expected to showcase the fastest growth in this decade, as the usage of serialization codes and barcodes helps manufacturers track their products throughout the supply chain. Therefore, the flourishing industrial and packaging sectors and the soaring population will propel the demand for coding and marking systems in India.

Browse detailed report on India Coding and Marking Systems Market Size, and Business Strategies

What Role Does Retail E-Commerce Package Play?

It's a common misconception that packing serves just the purpose of protecting things; nevertheless, this couldn't be further from reality. The final barrier separating your goods from the buyer is retail packaging, which is also frequently referred to as "interior" packaging. This kind of packaging is the one that is most frequently used in retail establishments to entice clients to take up the goods. Retail packaging is always usable, even when it is occasionally skipped entirely while delivering a product to a consumer. You may use delicate patterns on retail packaging since it doesn't need to be robust, weatherproof, or otherwise prepared for lengthy transportation.Contrary to e-commerce packaging, retail packaging's main objective is to be physically pleasant in order to stand out to clients and raise brand recognition.
This expansion was mostly centered in the major cities, where there was a substantial rise in the number of people using smartphones and tablets, as well as easy internet access through wifi, 4G, and other technologies. However, tier II, tier III, and rural regions are also contributing to the latest expansion waves in the e-commerce sector. This is especially true for emerging economies where the bulk of people reside in tier II and tier III cities as well as rural areas.A package may now be transported over a significantly greater geographic area thanks to the growth of the logistic carrier network.As a result, people in these tier II and tier III cities are striving to adopt the lifestyle and purchasing habits of those in metro areas and tier I towns. This has given the retail e-commerce packaging sector a solid boost.

To receive free sample pages of this report@ Because of the epidemic, notably because of the lockdowns that kept people inside their houses, consumer buying patterns have changed. More purchases are being made through various internet platforms than they were before the epidemic by consumers all throughout the world.Investment by businesses in packaging product innovation to decrease or eliminate the waste created during their manufacture and recycle it as raw material is a notable trend seen in the industry. With the revision of the laws on the disposal of waste materials, packaging businesses are now attempting to use the leftovers to control environmental damage and boost their profits through reduction, reuse, and recycling. Conventionally, packaging businesses discarded the leftover stuff after the finished goods were produced, which resulted in environmental pollution.