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India Coding and Marking Systems Market – Analysis and Forecast to 2024

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The Indian coding and marking systems market are predicted to grow at 8.9% CAGR during the forecast period (2019–2024) to reach USD 499.3 million by 2024. The Indian market is primarily driven by the extensive growth in the manufacturing sector, packaging industry, pharmaceutical industry, and increasing need for product authentication and brand protection.

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Growth Drivers
The increasing manufacturing sector, pharmaceutical sector, food and beverages industry, increasing need for product authentication and brand protection, and increasing packaging industry are the major factor contributing towards the growth of the Indian coding and marking systems market. Government of India is making strict norms for the manufacturer to show the product-related details on the packaging, such as price, manufacturing and expiry dates, batch number, ingredient related information, and other related information, for the end users. Coding and marking help in the identification and tracking of product, thus, in turn, increase the growth of the Indian coding and marking systems market.

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Competitive Insight
Domino Printing Sciences Plc, Videojet Technologies Inc. (subsidiary of Danaher Corporation), MarkemImaje S.A. (subsidiary of Dover Corporation), and Control Print Limited, having a combined market share of 80.0% – 90.0% in the Indian coding and marking systems market.

Some of the major players operating in the Indian coding and marking systems market are Danaher Corporation, Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.

Geographical Segmentation

Power Rental Market by Region

North America

  • U.S.
  • Canada

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Thailand
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa

  • Saudi Arabia
  • South Africa
  • Rest of MEA

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Written by VynZ Research

VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.

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