Coding And Marking Equipment Market Worth $22.1 Billion By 2028
Coding And Marking Equipment Industry Overview The global coding and marking equipment market size was valued at USD 14.5 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2021 to 2028. The growth of the market can be attributed to the growing demand for coding and marking equipment, particularly from the pharmaceutical and food and beverage industries. Incumbents of the pharmaceutical industry are putting a strong emphasis on countering counterfeiting and tampering by using flexible packs, such as forming films, top webs, chevron pouches, header bags, and strip bags with specific codes and marking, which bodes well for the growth of the market. Similarly, the growing preference among consumers for packaged and labeled food and beverages is encouraging food & beverage manufacturers to deploy coding and marking equipment. Gather more insights about the market drivers, restrains and growth of the Global Coding And Marki...