The global food and beverages (F&B) coding and marking equipment market reached a value of US$ 1.8 Billion in 2020. In the food and beverage industry, coding and marking equipment are used for providing product-specific information. Common marking and coding formats include barcodes, QR codes and 2D codes, and include information about the product’s price, manufacturing date, batch number, expiry date, shelf life, ingredients and industry certifications. Marking and coding can help in improving supply chain traceability and visibility of products. They also assist in building and maintaining brand image by assuring consumers of the authenticity and freshness of a product. Nowadays, vendors are utilizing marking and coding for tracking consumer habits and creating tailored marketing programs.
Global F&B Coding and Marking Equipment Market Drivers:
In recent years, the increasing number of counterfeit products has encouraged the governments of various nations to implement stringent regulations mandating F&B manufacturers to print detailed product information on the packaging. These regulations have created a positive impact on the demand for up-to-date coding and marking equipment in the industry. Moreover, a rise in health and safety concerns has encouraged consumers to look for products with regulatory certificates and traceability tags. Apart from this, the global F&B coding and marking equipment market has witnessed a series of technological advancements which have maximized efficiency and flexibility. For instance, manufacturers are introducing printers that recycle any unused ink to reduce waste and production costs. They are also developing equipment with lower replacement requirements to reduce downtime. Looking forward, IMARC Group expects the global food and beverages (F&B) coding and marking equipment market to exhibit moderate growth during the next five years.
Breakup by Type:
Primary packaging coding currently accounts for the highest share.
Breakup by Technology:
Continuous inkjet currently represents the biggest segment.
Breakup by Application:
The global food and beverages (F&B) coding and marking equipment market consists of numerous small and large manufacturers. Some of the leading players operating in the market are:
Key Questions Answered in This Report:
The global food and beverage (F&B) coding and marking equipment market size was valued at US$ 1.80 Billion in 2020.
According to the estimates by IMARC Group, the global food and beverage (F&B) coding and marking equipment market is expected to exhibit a moderate growth during 2021-2026.
Governments of various nations are implementing stringent regulations mandating F&B manufacturers to print detailed product information on the packaging to avoid counterfeit of products. This represents one of the key drivers for the global food and beverage (F&B) coding and marking equipment market.
Continuous technological advancements to maximize the efficiency and flexibility of the equipment represent one of the key trends in the global food and beverage (F&B) coding and marking equipment market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous food and beverage packaging units, thereby limiting the demand for F&B coding and marking equipment.
On the basis of the type, the market has been bifurcated into primary packaging coding and secondary packaging coding. Currently, primary packaging coding holds the majority of the total market share.
On the basis of the technology, the market has been segmented into continuous inkjet, laser, thermal transfer overprinting, print and apply labeling machine, piezoelectric inkjet, valve inkjet, and thermal inkjet. At present, continuous inkjet exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
The key companies in the global food and beverage (F&B) coding and marking equipment market are Danaher, Domino, Hitachi, Diagraph, ID Technology, Superior Case Coding, Universal Labeling, SATO America, Durable Technologies, Jantech Marking Equipment, Brother Industries, Dover, and Illinois Tool Works.
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