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India Coding and Marking Systems Market 鈥揑ndustry Insights by Laser Coding & Marking Wholesale Jerseys Online , Analysis and Forecast to 2024
by · January 31, 2019



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The Indian coding and marking systems market are predicted to grow at 8.9% CAGR during the forecast period (2019鈥?024) to reach USD 499.3 million by 2024. The Indian market is primarily driven by the extensive growth in the manufacturing sector, packaging industry Wholesale Jerseys From China , pharmaceutical industry, and increasing need for product authentication and brand protection.




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Coding and marking are considered to be the most vital part of the manufacturing and logistics process in consumer and industrial products. It is the system that is extensively being used to print the details on the product and packaging relating to manufacturing date, lot size, expiry date, and other details in order to disperse authentic information to the customers. Moreover, these systems enable the manufacturers to track the products along with the enhanced focus of the manufacturers towards safety concerns Wholesale Jerseys China , quality assurance of the product and brand establishment.




Growth Drivers
The increasing manufacturing sector, pharmaceutical sector, food and beverages industry, increasing need for product authentication and brand protection, and increasing packaging industry are the major factor contributing towards the growth of the Indian coding and marking systems market. Government of India is making strict norms for the manufacturer to show the product-related details on the packaging, such as price Wholesale Jerseys , manufacturing and expiry dates, batch number, ingredient related information, and other related information, for the end users. Coding and marking help in the identification and tracking of product, thus Cheap NBA Basketball Jerseys , in turn, increase the growth of the Indian coding and marking systems market.




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Competitive Insight
Domino Printing Sciences Plc, Videojet Technologies Inc. (subsidiary of Danaher Corporation), MarkemImaje S.A. (subsidiary of Dover Corporation), and Control Print Limited, having a combined market share of 80.0% 鈥?90.0% in the Indian coding and marking systems market.




Some of the major players operating in the Indian coding and marking systems market are Danaher Corporation Cheap Basketball Jerseys , Dover Corporation, Domino Printing Sciences plc, Control Print Limited, and Hitachi Ltd.




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