U.S. Coding & Marking Systems Market - A $860.6 Million Opportunity by 2023 - ResearchAndMarkets.com
Jul. 30, 2018
DUBLIN--(BUSINESS WIRE)--Jul 30, 2018--The "U.S. Coding and Marking Systems Market by Technology, by End User -Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
U.S. coding and marking systems market is projected to reach $860.6 million by 2023, according to research. The market growth is mainly driven by increasing demand of coding and marking systems from the automotive industry.
On the basis of technology, the U.S. coding and marking systems market is segmented into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking. Of these, laser coding and marking is the fastest growing category in the market, with respective volume and value CAGRs of 7.9% and 8.7% during the forecast period.
On the basis of end-user, the U.S. coding and marking systems market is segmented into food and beverage, electrical and electronics, automotive and aerospace, chemical, healthcare, and others. Of these, food and beverage was the largest end user category, with respective volume and value contributions exceeding 45% and 40% in 2017. Stringent government regulations in the country regarding safety and traceability have mandated the proper labeling of manufacturing date, nutrition facts, ingredient list, and manufacturer details on the primary or secondary packages of food and beverage items; thereby leading to the market growth.
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3% growth in printing and identification platform during the fourth quarter of 2017. Additionally, the growing intervention of government agencies such as FDA to put detailed product and manufacturer information on primary and secondary packages of food and beverage and drugs is pushing the growth of the market in the country.
Key Topics Covered
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. U.S. Market Size & Forecast
Chapter 6. Competitive Landscape
Chapter 7. Company ProfilesDanaher Corporation Dover Corporation Matthews International Corporation Domino Printing Sciences Plc Hitachi Ltd. Rea Elektronik GmbH ID Technology
For more information about this report visit https://www.researchandmarkets.com/research/dmphfq/u_s_coding_and?w=4
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SOURCE: Research and Markets
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PUB: 07/30/2018 01:19 PM/DISC: 07/30/2018 01:19 PM