Asia-Pacific Coding and Marking Systems Market to Witness 8.4% CAGR During 2019–2024

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Asia-Pacific Coding and Marking Systems Market
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Asia-Pacific Coding and Marking Systems Market
Industry Overview
The Asia-Pacific coding and marking systems
market is predicted to grow at 8.4 CAGR during
the forecast period with the market size reaching
USD 2,140.3 million by 2024. The market is driven
by factors such as increasing food and beverage
industry, increasing retail industry, increasing
pharmaceutical industry, strict government
regulations towards marking information on the
food and beverage products.
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Asia-Pacific Coding and Marking Systems Market
On the basis of end user, the coding and marking
systems market is categorized into food and
beverages, electrical and electronics, automotive
and aerospace, chemicals, healthcare, and others.
The food and beverage industry is estimated to be
the largest end-user category in the market in
2018. This is primarily due to the strict
government regulations towards marking
information on the food and beverage products. In
addition, growing consumer awareness towards the
manufacturing and expiry date of the product, and
information related to ingredients, thus
increasing the demand for coding and marking
systems in the food and beverages industry.
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Asia-Pacific Coding and Marking Systems Market
Geographic Overview
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. India is observed to witness
significant growth in the market during the
forecast period. Significant growth in the
packaging industry (due to the easy availability
of raw materials), plays a major role in driving
the growth of the Indian coding and marking
systems market.
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Asia-Pacific Coding and Marking Systems Market
Competitive Insight
Some of the major players operating in the
Asia-Pacific coding and marking systems market
are 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. Explore Full Report Sample at
https//www.vynzresearch.com/chemicals-materials/a
sia-pacific-coding-and-marking-systems-market
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Asia-Pacific Coding and Marking Systems Market
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