Marking and Coding Equipment Market: Rigid Packaging Application Segment to Dominate the Global Market in Terms of Market Value During the Forecast Period: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)
- REP-GB-5614
- 2017-11-17
- 226 Pages
- Format:
- Category: Packaging
Emphasis on clarity and print definition, multi-surface compatible marking and coding equipment and specialised marking and coding equipment for specific packaging surfaces trending the global marking and coding equipment market
The global retail market has witnessed significant growth in the last couple of decades. Emerging economies such as China and India are expected to boost the growth of the global marking & coding equipment market. Increase in penetration of online retail format and modern trade, combined with increase in disposable income are expected to be the key contributors to growth in innovation, in terms of the type of packaging solution used. As manufacturers of packaging solutions emphasize on packaging designs, manufacturers of marking & coding equipment are likely to focus on equipment which can be used on a variety of packaging solutions, such as vacuum skin packed food. The global retail sector is likely to enjoy a positive outlook, over the forecast period, with many regions registering substantial growth in shopping culture. Thus, the global marking & coding equipment market has ample opportunities to grow, in tandem with the growth in the retail sector.
According to Future Market Insights, the global marking and coding equipment market is expected to exhibit significant growth rate during the 2017-2027 assessment period. The market has seen a rising trend since past years and is likely to radiate an increase in its growth rate and valuation in the coming years. Based on the analysis in this research report, the global marking and coding equipment market is anticipated to grow at a high CAGR of 5.5% throughout the period of forecast. In 2017, it is expected to reach a valuation of more than US$ 1 Bn and is estimated to touch a value around US$ 1770 Mn.
Various benefits of flexible packaging pushing its adoption across the globe, thus favouring the marking and coding equipment market
Flexible packaging is reusable, customizable, higher compactness and increased durability are few of the benefits that have surged the use of flexible packaging in recent times. This in turn has increased usage of marking and coding equipment in flexible packaging thus making the flexible packaging segment in the application category to be the fastest growing. This segment is projected to reach a value CAGR of 5.8% throughout the period of forecast. However, this segment has a less market value and is estimated to reach about US$ 526 Mn by the end of the assessment period.
Vacuum/Shrink films to contribute to the growth of the flexible packaging segment
Flexible packaging segment by application is further categorized into bags, pouches & sachets, vacuum/shrink films and others. Of these, vacuum/shrink films sub segment is expected to showcase high lucrativeness in the coming years. This segment is projected to grow at the fastest rate to register a robust CAGR of 6.6% during the period of forecast. This segment is also estimated to reach a high valuation more than US$ 250 Mn by the end of the period of assessment, thus leading the market during the said period. Pouches and sachets sub segment is anticipated to be the second largest in terms of value share contributing to the growth of the parent segment.
Flexible packaging application segment outlook across key regional markets
Flexible packaging application segment of North America marking and coding equipment market is expected to grow at a CAGR of 4% during the forecast period. Flexible packaging application segment of Asia Pacific excluding Japan (APEJ) marking and coding equipment market is poised to register a higher CAGR of 7.5% during the period of forecast and is the largest compared to other regions. Flexible packaging application segment of Western Europe marking and coding equipment market is estimated to reach a valuation of around US$ 105 Mn by the end of the assessment period.
An opportunity analysis of global marking and coding equipment market by Future Market Insights presents thought-provoking views. In its new research publication on “Global Marking and Coding Equipment Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, Future Market Insights has thrown light on the various technology types, applications and end users associated with marking and coding equipment. The research report covers the historical data for the period 2012-2016 and also an extensive opportunity assessment of the global marking and coding equipment market for 2017 as well as a forecast analysis for a period of 10 years from 2017 till 2027.
A well-structured research abstract
Research report on global marking and coding equipment market includes analysis on various segments and market scenario across various regions in a systematic manner for the user to understand the research report with convenience. The report starts with an executive summary, market introduction, market viewpoint followed by global marking and coding equipment market analysis and regional insights. The chapters reflect market definition, market overview, macroeconomic factors involved which have a direct or indirect influence over the market growth, developments, trends, opportunities, key market takeaways and key recommendations. The purpose of the research is to uncover the main aspects revolving around marking and coding equipment that can be used to gain in-depth market understanding giving a panoramic view of the global market for marking and coding equipment.
Exquisite research methodology
Future Market Insights follows a research methodology which is at par with the best in the industry. Weighted and in-depth analysis on global marking and coding equipment market is supported by an extensive research process that includes both primary and secondary research along with key opinions from the market leaders, subject matter experts and market observers. The data collected from the secondary research is initially validated and cross checked if it is in alignment with the market definition that the report focuses on. Moreover, the data points are taken through multiple funnels which ensure data validation multiple times with the help of research tools and is used to assemble relevant quantitative and qualitative perceptions to portray an accurate market scenario.
Market Segmentation
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By Technology Type |
By Application Type |
By End Use |
By Region |
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Key assumptions
Inflation has not been considered to arrive at market revenue at subsequent levels of market segmentation. Weighted average prices in US$/unit have been considered for marking & coding equipment to arrive at relevant market size numbers. The prices of marking & coding equipment have been tracked at wholesaler level after conversion through trade websites and primary interviews. Growth in per capita income, purchasing power parity, GDP growth and global food packaging industry have been closely referred to arrive at the market forecast analysis. The research report also involves a dedicated chapter on detailed competitive analysis that includes various key players operating in the marking and coding equipment market. Detailed company profiling unmasks several key details such as market share, product portfolios, innovations and developments, different strategies, geographical presence, mergers and acquisitions, company takeovers, etc. The weighted analysis delivers value to the reader by offering actionable intelligence that is void of biasness with the help of which expansion strategies can be slated and a strong hold in the market can be achieved. The ready to sue statistical analysis and key recommendations can be used to gain advantage in the current as well as future market scenario.