NEW YORK, Aug. 27, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, the Indonesian coding and marking systems market is projected to reach $48.7 million by 2023, the market growth is mainly driven by the increasing demand for coding and marking systems in the food and beverage industry.
On the basis of technology, the Indonesian coding and marking systems market is categorized into continuous inkjet, laser coding and marking, thermal inkjet, drop-on-demand (DoD), print and apply labeling, thermal transfer overprinting (TTO), and others, where the “others” category includes valve jet and hot-melt inkjet. Of these, the fastest growth in the market during the forecast period is expected from laser coding and marking technology, with 11.6% CAGR in terms of volume. This can be attributed to the increasing demand for coding and marking solutions featuring this technology for enhanced readability of text and 2D codes on product packaging.
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Based on application, the Indonesian coding and marking systems market is categorized into polyethylene terephthalate (PET) bottles, metal cans, flexible films and foils, rigid plastic containers, glass bottles and containers, paperboard, corrugated packaging, retail-ready packaging, shrink wrap, extrusions, plastic and rubber parts, wooden materials, metal parts, bags, and others, where “others” include trays, pouches, and cases. PET bottles were the largest application area of coding and marking systems in Indonesia, contributing more than 15.0% sales volume in the market in 2017. Owing to the extensive use of PET bottles for product packaging, the demand for coding and marking solutions for these bottles remains high in the market.
The Indonesian coding and marking systems market in the food and beverage industry is classified into baked goods and cereals, beverages, candies and confectionery, dairy, eggs, fruits and vegetables, meat and poultry, pet food and animal feed, salty snacks, and others, where “others” include alcohol and grains. Besides, based of type, the market in the healthcare industry is bifurcated into pharmaceuticals and medical devices. During the forecast period, the market is expected to witness faster growth in the pharmaceutical category, with 10.8% CAGR in terms of value.
Browse report overview with 54 tables and 21 figures spread through 117 pages and detailed TOC on "Indonesia Coding and Marking Systems Market by Technology (Continuous Inkjet, Laser Coding & Marking, Thermal Inkjet, Drop-on-Demand, Print & Apply Labeling, Thermal Transfer Overprinting), by Application (PET Bottles, Metal Cans, Flexible Films & Foils, Rigid Plastic Containers, Glass Bottles & Containers, Paperboard, Corrugated Packaging, Retail-Ready Packaging, Shrink Wrap, Extrusions, Plastic & Rubber Parts, Wooden Materials, Metal Parts, Bags), by End User (Food & Beverage [Baked Goods & Cereals, Beverages, Candies & Confectionery, Dairy, Eggs, Fruits & Vegetables, Meat & Poultry, Pet Food & Animal Feed, Salty Snacks], Tobacco, Cosmetics, & Personal & Home Care, Electrical & Electronics, Automotive & Aerospace, Chemical, Healthcare [Pharmaceuticals, Medical Devices], Building & Construction), by City (Jakarta, Surabaya, Bandung, Semarang) – Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/indonesia-coding-and-marking-systems-market
During the forecast period, the market is expected to witness the fastest growth in Jakarta, with 10.4% CAGR in terms of value. The rising demand for packaged food and beverage products, metal products, and construction products in the city is anticipated to fuel the demand for coding and labeling solutions, which, in turn, will foster the growth of the Indonesian coding and marking systems market in the coming years.
Companies engaged in the manufacturing of coding and marking solutions are carrying out extensive R&D to bring innovation to the existing technology and expand its application in the industrial sector. For instance, PT Samartha Solusi Indonesia developed Rottweil E-Jet 455B continuous inkjet printer for industrial coding and marking applications. Furthermore, Markindo Rekateknik developed the 3340 30-watt CO2 laser marking system, which offers high performance and high-quality marks on moderate to high speed lines. Thus, increasing focus on product innovation is expected to create lucrative growth opportunities for the players in the Indonesian coding and marking systems market.
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Some of the major players operating in the Indonesian coding and marking systems market are Domino Printing Sciences plc, Dover Corporation, Danaher Corporation, Koenig & Bauer Coding GmbH, KGK Marking Technologies Group, ANSER Coding Inc., Linx Printing Technologies, PT Samartha Solusi Indonesia, Matthews International Corporation, and Hitachi Ltd.
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