IMARC Group’s latest report, titled “Food and Beverages (F&B) Coding and Marking Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global food and beverages (F&B) coding and marking equipment market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.36% during 2023-2028.
Food and beverage (F&B) coding and marking equipment represent machines used to print product-related information, such as the manufacturing date, price, batch number, expiration date, nutritional information, industry certifications, etc., on its packaging. Some of the commonly used marking and coding formats include barcodes, QR codes, 2D codes, logos, authentic markings, etc. As a result, they are gaining extensive traction across the food and beverage (F&B) sector.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/food-beverages-coding-marking-equipment-market/requestsample
F&B Coding and Marking Equipment Market Drivers:
The rising demand for packaged and labeled edibles is among the key factors stimulating the food and beverages (F&B) coding and marking equipment market. Moreover, the inflating consumer disposable income levels are acting as significant growth-inducing factors. Besides this, the widespread adoption of food and beverages (F&B) coding and marking equipment by leading manufacturers to track habits of individuals for creating tailored marketing programs is positively influencing the global market. Furthermore, the increasing instances of counterfeit products are augmenting the need for product differentiation and brand protection, which is also propelling the market growth.
Apart from this, the implementation of stringent regulations by government bodies across various countries mandating F&B manufacturers to print detailed information on the packaging of items is further catalyzing the global market. Additionally, the development of new devices by key market players that recycle unused ink to reduce waste and production costs and have lower replacement requirements to minimize downtime is anticipated to fuel the food and beverages (F&B) coding and marking equipment market over the forecasted period.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/food-beverages-coding-marking-equipment-market
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Domino Printing Sciences plc
ID Technology (Pro Mach, Inc.)
Superior Case Coding, Inc.
Universal Labeling Systems
Jantech Marking Equipment
Brother Industries, Ltd.
Illinois Tool Works Inc
Key Market Segmentation:
Breakup by Type:
Primary Packaging Coding
Secondary Packaging Coding
Breakup by Technology:
Thermal Transfer Overprinting
Print and Apply Labeling Machine
Breakup by Application:
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
This release was published on openPR.