Future Market Insights recent study suggests that the global fiber laser coding system market is driven by the technological advancements, rising standard of living, per capita income and sustainability in the developing regions.
In addition the report further indicates that nowadays packaging is used apart from transporting the products from one place to another, it is also used in increasing the aesthetic value and shelf life of the product. As of 2022, fiber laser coding systems demand is slated to reach US$ 990 Million, accelerating at a 5.4% CAGR from 2022-2032 to conclude at US$ 1,685.8 Million.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2022 | US$ 990 Million |
| Projected Market Value in 2032 | US$ 1,675.8 Million |
| Growth Rate (2022 to 2032) | 5.4% CAGR |
As the world moves towards modernization, the development of the packaging industry is highly important owing to the increased cases of counterfeiting. Several methods are used by different players in the logistics industry including the popular method of coding goods is a fiber laser coding system.
Fiber Laser Coding Systems are becoming a vital constituent of the packaging industry as the high efficiency of Fiber Laser Coding Systems have changed the purpose of packaging.
The increasing inclination of the companies towards better anti-counterfeiting detection systems like fiber laser coding along with the rising demand from FMCG is driving the growth of the fiber laser coding system market.
Manufacturers are increasingly becoming interested in investing in good Fiber Laser Coding Systems owing to the increased need for tracking products.
Research shows great potential of Fiber Laser Coding System that provide all the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative Fiber Laser Coding Systems. Moreover, companies in the market are adopting new technology and launching new products. The market is increasingly witnessing the development of high-end machinery and equipment for industrial applications.
For instance, in April 2022, end-to-end supply chain and industrial marking and coding systems provider Markem-Imaje, unveiled the SmartLase F250 fiber laser printer. The new 20W fiber laser delivers permanent coding on high-density substrates. The SLF250 is the first new product launched as a result of Markem-Imaje’s acquisition of laser coding and marking technology specialist Solaris Laser.
The SmartLase F250 is claimed to reduce line stoppages and eliminate the requirement for ink. The SmartLase F250 delivers chemical-free production. The laser’s controller, printhead and touchscreen user interface come with IP55 ingress protection level for harsh, dusty and humid conditions. The printer is industry 4.0-ready and enables integration with complex plant automation and manufacturing execution systems.
Consumer goods are coded and marked during transportation. Several methods are used by different players in the logistics industry. One such method of coding goods is a fiber laser coding system. This system is used to directly mark unique identification features on several materials. Fiber laser coding systems can print directly on several substrates like metals, plastics, paper, glass, etc.
These also provide better protection against counterfeits of consumer goods. Apart from tracking products, fiber laser coding systems also help manufacturers to focus on brand building, product traceability, and quality assurance.
High-speed printing, non-contact printing, clear printing, and flexible printing are some of the key features provided by a fiber laser coding system. During transit, a fiber laser coding system end-user can easily track the location and status of the goods. All these aspects have positively impacted the fiber laser coding system market during the forecast period.
In recent years, there has been an inclination towards better anti-counterfeiting detection systems like fiber laser coding. Another factor driving the growth of the fiber laser coding system market is the rising demand for FMCG. The stringent government regulations toward the industry standard for marking and coding are fuelling the growth of the fiber laser coding system market.
Furthermore, fiber laser coding systems have high precision scan heads, which ensure high-quality print as compared to the other coding systems. Fiber laser coding systems are also cost-effective when it comes to maintenance charges, as compared to other marking and coding systems.
In November 2016, Domino Printing Sciences plc launched high speed fiber laser coding system. In August 2016, Videojet Technologies, Inc. launched high speed fiber laser coding system for bottle cap printing applications. However, it is difficult for fiber laser coding systems to print on uneven surfaces which results in usage of more than one coding systems.
Fiber laser coding systems are mainly used to mark electrical & electronics and automotive & aerospace components.
Increasing retail spending is expected to drive the fiber laser coding system market in North America during the forecast period 2018-2028. The Asia Pacific fiber laser coding system market is expected to witness the highest growth during the forecast period, due to a rise in demand towards better anti-counterfeiting systems in this region.
The need for consistently correct & readable codes is driving the growth of the fiber laser coding system market in Europe. The fiber laser coding system market in Middle East & Africa is expected to witness sluggish growth during the forecast period.
A few of the key players in the fiber laser coding system market are Videojet Technologies, Inc., Domino Printing Sciences plc, Markem-Imaje Corporation, Hitachi America, Ltd., Interactive Coding Equipment (ICE), Diagraph Corporation, Squid Ink Manufacturing Inc., ATD Ltd, LaserStar Technologies Corporation, Linx Printing Technologies, MACSA ID, S.A., Martek Industries Ltd, TYKMA Electrox, Inc., etc.
The report is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global fiber laser coding system market is segmented by substrate, machine, application type, and end use. The pricing for fiber laser coding system has being done based on the machine type segment in US$ million, and the volume is considered in units.
On the basis of substrate type, the global fiber laser coding system market is segmented into -
On the basis of machine type, the global fiber laser coding system market is segmented into -
On the basis of application type, the global fiber laser coding system market is segmented into -
On the basis of end-use industry, the global fiber laser coding system market is segmented into -
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Fiber Laser Coding System Market
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