India Coding and Marking Systems Market Analysis, Share and Forecast Report 2030

The surging requirement for making products traceable is fueling the demand for coding and marking systems in India. Moreover, the growing public awareness about the importance of mentioning drug information on the package, soaring popularity of blister packaging, and mushrooming use of packaging for ensuring safety, especially in the pharmaceutical industry, according to government regulations, are propelling the demand for coding and marking systems in the country. For example, the Food Safety Standards Authority of India (FSSAI) issued a regulation called the Food Safety and Standards (Organic Foods) Regulations in 2017.

This regulation came into effect on July 1, 2018. As per this regulation, manufacturers must print the ‘Jaivik Bharat” logo on their products. As coding and marking systems are extensively used in the manufacturing and packaging industries in India, the expansion of these industries is pushing up their sales in the country. The packaging industry is booming because of the soaring usage of innovative packaging methods such as flexible packaging, primarily due to the increasing requirements of the middle-class populace in the country.

Additionally, the growth of the e-commerce industry, on account of the rising internet penetration and increasing usage of smartphones, is also creating lucrative growth opportunities for the players operating in the Indian coding and marking systems market, thereby fueling the expansion of the market. As a result, the market revenue is predicted to rise from $49.8 million in 2019 to $136.5 million by 2030, while the market will exhibit a CAGR of 9.8% from 2020 to 2030.

The most prominent companies in the Indian coding and marking systems market are Dover Corporation, Danaher Corporation, Control Print Limited, Domino Printing Sciences plc, RYNAN Technologies Pte Ltd., and Hitachi Ltd.

Key Findings of India Coding and Marking Systems Market Report

• Stringent packaging regulations increasing demand for coders and markers

• Coding and marking systems also being used to track products through supply chain

• Growing packaging and manufacturing sectors driving market growth

• TTO technology to witness fastest rise in popularity among users

• Market consolidated owing to presence of handful of players

• Digital printing solutions are key market trend

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