The growing food and beverage, automotive, and building and construction industries are expected to drive the Indonesian coding and marking systems market at a CAGR of 10.1% during the forecast period. The market generated $27.4 million in 2017, and it is expected to reach $48.7 million by 2023. Coding and marking systems offer product-related details on the packaging, including the manufacturing and expiry dates, price, and batch number, to end users. This, in turn, facilitates the identification and tracking of products through multiple phases of the manufacturing process.
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Additionally, the increasing application of coding and marking technologies in the country’s tobacco industry is expected to propel the Indonesian coding and marking systems market growth during the forecast period. The increasing focus on cleanliness, to enhance the quality of end products, has amplified the demand for sophisticated and modernized coding solutions in the tobacco industry. These new-age technologies increase readability, enhance productivity, and facilitate high-resolution printing for automatic labeling and direct-to-the-box applications.
Some of the leading players in the Indonesian coding and marking systems market are Danaher Corporation, KGK Marking Technologies Group, Linx Printing Technologies, Matthews International Corporation, Domino Printing Sciences plc, Dover Corporation, Koenig & Bauer Coding GmbH, ANSER Coding Inc., PT Samartha Solusi Indonesia, and Hitachi Ltd. These companies are extensively involved in research and development (R&D) to improve the existing technologies and widen their application in the industrial sector. For example, PT Samartha Solusi Indonesia has introduced the Rottweil E-Jet 455B continuous inkjet printer for industrial coding and marking.
Thus, the increasing emphasis on technological enhancements has widened the application base of coding and marking systems in Indonesia.
Read more: https://www.psmarketresearch.com/market-analysis/indonesia-coding-and-marking-systems-market
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