Expected 5.32% CAGR for Global Coding and Marking Market

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Expected 5.32% CAGR for Global Coding and Marking Market

According to a recent research report compiled by Market Research Reports, Inc., the global coding and marking market is expected to grow at a compound annual growth rate of 5.32% over the period 2014 through 2019. An article recently published at Digital Journal states the report takes into account the generation of revenue through primary package coding and secondary/tertiary package coding to calculate market size. Coding and marking equipment such as laser and thermal printers, ink jet coders, and others are used to print codes and specific details on products such as expiration dates, ingredients, nutrition information, manufacturing date, lot size and number, and more. This information makes is possible for manufacturers to reduce the risk of counterfeiting and diversion, and protect their brands. Technologies used in global coding and marking are segmented, and include CIJ, laser, PALM, PIJ, TIJ, TTO, and VIJ. End-users of coding and marking solutions are segmented into groups that include food and beverage, healthcare, electrical/electronics, chemicals and construction, and others. The Market Research Reports' latest report claims that in the food and beverage sector, demand for coding and marking solutions has increased as consumers become more concerned about the authenticity of food products. Also a major concern for vendors according to the report is the availability of counterfeit products in developing countries. Around the world, government authorities have begun seizing fake products used in marking and coding, including inks and toners. The "Global Coding and Marking Market 2015-2019" research report also includes a discussion of key vendors in the coding and marking industry, including Markem-Imaje SAS (Dover Corp.) Those interested in purchasing the report in its entirety will find it available on the Market Research Reports website.

January 10, 2014
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