Coding and Marking Equipment Market, Size, Share, Trends, Dynamics, Forecast, & Growth Analysis
The coding and marking equipment market was estimated at USD 15.96 billion in 2022 and is likely to grow at a CAGR of 5.50% during 2023-2028 to reach USD 22.07 billion in 2028.
Market Drivers:
These factors are expected to boost the demand for the market in the coming year:
Growing consumption of packaged food products and beverages.
Expanding growth of the food and beverage industry.
Increasing government regulations pertaining to proper labelling of food & beverages.
In addition to this, the growing demand for advanced coding and marking equipment is likely to create lucrative opportunities for the players operating in the global market in the coming years.