The Asia-Pacific coding and marking systems market is witnessing significant growth, driven by the rising demand for product identification and traceability. VynZ Research predicts that the market will grow at a CAGR of 8.4% from 2021 to 2026. This report provides a comprehensive analysis of the market, including market size, segmentation, and key players.
The market is segmented into technologies, end-users, applications, and regions. The technologies segment includes continuous inkjet, thermal transfer overprinting, thermal inkjet, drop on demand, print & apply labelers, laser coding & marking, and valve jet & hot melt inkjet, of which continuous inkjet held the largest share in the Asia-Pacific coding and marking systems market.
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The rising demand for product identification and traceability is one of the major factors driving the market. With the increasing need for consumer safety, governments worldwide are imposing strict regulations on industries to ensure the quality and safety of products. This has led to the adoption of coding and marking systems in various industries, including food and beverage, pharmaceuticals, and healthcare.
The Asia-Pacific coding and marking systems market is segmented into China, India, Japan, Australia, and others. China is expected to dominate the market, owing to its large manufacturing industry and increasing demand for product identification and traceability.
The key players operating in the market include Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, KGK Marking Technologies Group, Linx Printing Technologies, Control Print Limited, Hitachi Ltd., Matthews International Corporation, and ATD Marking Systems.
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