The market growth is mainly driven by increasing demand of coding and marking systems from the automotive industry. the U.S. coding and marking systems market is segmented into continuous inkjet, thermal transfer overprinting (TTO), thermal ink jet, drop on demand (DoD), print and apply labelers, laser coding and marking. Of these, laser coding and marking is the fastest growing category in the market, with respective volume and value CAGRs of 7.9% and 8.7% during the forecast period. Laser coding printers provide readable text, graphics, and serial numbers along with 2D codes on different packaging cartons, metal, plastics, and flexible packaging, with the highest quality.
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In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3.0% growth in printing and identification platform during the fourth quarter of 2017. Additionally, the growing intervention of government agencies such as FDA to put detailed product and manufacturer information on primary and secondary packages of food and beverage and drugs is pushing the growth of the market in the country.
Coding and marking technology has a potential to provide a new level of visibility and tracking to the supply chain. It enables manufacturers to audit and enforce anti-counterfeit and diversion activities throughout the supply chain. For example, smart coding includes a permanent batch code on the product, where it takes a basic batch code further by altering specific characters in the code, making it difficult to be imitated by unauthorized parties.
Explore Full Report With TOC: https://www.psmarketresearch.com/market-analysis/us-coding-and-marking-systems-market
In the U.S., boost in the manufacturing sector owing to stable macroeconomic outlook and decrease in the cost of managing the supply chain owing to vertical integration by leading players are also fueling the growth of the U.S. coding and marking systems market. For example, Dover corporation achieved more than 3.0% growth in printing and identification platform during the fourth quarter of 2017. Additionally, the growing intervention of government agencies such as FDA to put detailed product and manufacturer information on primary and secondary packages of food and beverage and drugs is pushing the growth of the market in the country.
Coding and marking technology has a potential to provide a new level of visibility and tracking to the supply chain. It enables manufacturers to audit and enforce anti-counterfeit and diversion activities throughout the supply chain. For example, smart coding includes a permanent batch code on the product, where it takes a basic batch code further by altering specific characters in the code, making it difficult to be imitated by unauthorized parties.
Explore Full Report With TOC: https://www.psmarketresearch.com/market-analysis/us-coding-and-marking-systems-market
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