The Asia-Pacific coding and marking systems market is predicted to grow at 8.4% CAGR during the forecast period (2019–2024) to reach USD 2,140.3 million by 2024. The Asia-Pacific market is primarily driven by the extensive growth in the retail and industrial domain.
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Geographically, China is the largest coding and marking systems market as the country is home to a large retail base, manufacturing hub, and growing food and beverage industries, and also the huge investment is witnessing in these industries. According to a recent report, it has been observed that China Food and Drug Administration has introduced reform for labeling of prepackaged products according to that norm the manufacturers operating in food and beverage industry are required to adhere to certain norms such as inclusion of detailed information pertaining to name of the product, details of producer, storage condition, ingredients and identification of batch. Implementation of these regulatory reforms is thus driving the growth of this Asia-Pacific coding and marking systems market.
Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, KGK Marking Technologies Group, Linx Printing Technologies, Control Print Limited, Hitachi Ltd., Matthews International Corporation, and ATD Marking Systems are some of the key players operating in the Asia-Pacific coding and marking systems market.
Asia-Pacific Coding and Marking Systems Market by Region
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA