LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global food and beverage coding and marking equipment market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.
According to Technavio market research analysts, the global food and beverage coding and marking equipment market will grow at a CAGR of close to 8% during the forecast period. The increased demand for product differentiation and brand protection to prevent counterfeiting is a major factor driving the market’s growth.
In the global food and beverage industry, counterfeiting or the illegal production of branded products poses a challenge to various multinational brands in the market. Counterfeiting is a serious and cost-intensive issue for food and beverage manufacturers as it reduces the profits of manufacturers and damages their brand image. Moreover, counterfeiting adversely affects manufacturers, resulting in the loss of customer retention. Identifying counterfeit products is a major challenge for the food and beverage companies.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the advances in 3D printing in additive manufacturing as one of the key emerging trends in the global food and beverage coding and marking equipment market:
Advances in 3D printing in additive manufacturing
Three-dimensional (3D) printing or three-dimensional printing is a method in which various materials are solidified from a digital file under the computer control for creating a three-dimensional object. In 3D printing, instead of using ink as a printing medium, melted plastic is used as it solidifies instantly. Complex coding and markings are difficult to produce using traditional machining and casting methods.
“New technology is designed to develop 3D printing to enhance the prevention against counterfeiting of products. For example, through the combination of a direct metal laser sintering process machine and 3D computer-aided design machine, 3D printing design is developed for metal additive manufacturing,” says a senior analyst at Technavio for research on tags and labels.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global food and beverage coding and marking equipment market - segmentation analysis
This market research report segments the global food and beverage coding and marking equipment market into the following technology types (CIJ, Laser, TTO, PALM, PIJ, TIJ, and VIJ), packaging codes (primary packaging code and secondary packaging code), and key regions (the Americas, APAC, and EMEA).
The primary packaging code segment held the largest market share in 2017, accounting for nearly 77% of the market. The market share for this packaging code is expected to decrease by 2022. The fastest growing packaging code is secondary packaging code, which will account for nearly 24% of the total market share by 2022.
EMEA was the leading region for the global food and beverage coding and marking equipment market in 2017, accounting for a market share of nearly 41%. By 2022, APAC is expected to register the highest growth rate.
|
Save big with Technavio this May! Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
OR
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
