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Report
India Coding & Marking Market Forecast 2025-2032
Market Report I 2024-12-23 I 142 Pages I Inkwood Research
KEY FINDINGS
The India coding & marking market is estimated to grow with a CAGR of 9.87% over the forecast period 2025-2032. The market was valued at $327.64 million in 2024 and is expected to reach a revenue of $700.22 million by 2032.
MARKET INSIGHTS
India's improvement in the ease of doing business index, moving from 130th place in 2017 to 63rd in 2019, underlines the country's growing potential as a manufacturing hub. This shift is driving demand for advanced coding and marking systems, particularly in industries like food & beverage, as regulatory compliance and traceability grow in importance. The government's efforts to boost local manufacturing, coupled with more favorable foreign investment policies, create a conducive environment for growth in this market.
The expansion of flexible packaging is another key growth driver for the India coding & marking market. As industries such as food & beverage, pharmaceuticals, and consumer goods continue to expand, there is an escalating need for precise marking and coding systems to ensure product traceability and meet regulatory requirements. These trends are further supported by initiatives like the Make in India campaign, which aims to position India as a major manufacturing hub, modernizing practices and improving business conditions.
However, the market also faces challenges. One of the main restraints is the short shelf life of inks and consumables used in coding and marking equipment, particularly in inkjet-based systems. This limitation affects maintenance costs and operational efficiency, creating obstacles for smaller manufacturers and end-users in India. Despite these challenges, the ongoing industrial expansion, supported by government initiatives, offers prominent opportunities for the growth of the coding & marking market.
SEGMENTATION ANALYSIS
The India coding & marking market segmentation includes the market by technology and end-user. The end-user segment is further differentiated into food & beverage, healthcare & pharmaceuticals, electrical & electronics, chemical & construction, automotive & aerospace, and other end-users.
The automotive & aerospace sectors in India are vital drivers for the coding & marking market, with significant demand for precise labeling and marking systems. In the automotive industry, coding and marking technologies are essential for product traceability, quality assurance, and regulatory compliance. Manufacturers use these systems to mark parts and components, ensuring they meet safety and quality standards.
Additionally, coding solutions are used for date coding, batch numbering, and product identification, which are crucial for inventory management, product recall procedures, and supply chain traceability. The automotive sector's ongoing growth, driven by domestic demand and exports, is expected to further propel the need for advanced coding and marking systems.
In the aerospace industry, coding and marking techniques are also critical, given the high standards of precision and safety required in aircraft manufacturing and maintenance. Aerospace parts and components undergo rigorous testing and certification processes, and proper labeling is essential to ensure compliance with industry regulations. Aerospace companies require durable, high-resolution marking systems to handle complex part numbers, serial numbers, and barcodes. As India's aerospace industry expands with more focus on aircraft manufacturing and servicing, the demand for reliable coding and marking solutions is set to increase. This growing need for traceability and regulatory compliance in the aerospace sector is estimated to contribute to the continued growth of the coding & marking market in India.
COMPETITIVE INSIGHTS
Some of the leading players in the India coding & marking market include Hitachi Ltd, LEIBINGER Group, KEYENCE Corporation, etc.
Hitachi Ltd is a global conglomerate offering a diverse array of products, including advanced coding and marking solutions. The company caters to industries such as manufacturing, healthcare, and transportation with its extensive portfolio of equipment. With its headquarters in Chiyoda-Ku, Tokyo, Japan, Hitachi operates through subsidiaries and affiliates across key regions, including Asia-Pacific, North America, and Europe.
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
2.4.1. IMPACT OF COVID-19 ON THE INDIA CODING & MARKING MARKET
2.5. MAJOR MARKET FINDINGS
2.5.1. RISING INTEREST IN LASER CODING
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. GROWING NEED FOR TRACEABILITY BY END-USERS
3.1.2. EXPANSION OF FLEXIBLE PACKAGING
3.1.3. INCREASED DEMAND FOR PACKAGED AND PROCESSED FOOD
3.1.4. INCREASING REGULATORY COMPLIANCE
3.1.5. EMPHASIS ON ANTI-COUNTERFEITING MEASURES
3.2. KEY RESTRAINTS
3.2.1. HIGH INITIAL INVESTMENT COST
3.2.2. SHORT SHELF-LIFE OF INK AND CONSUMABLES
3.2.3. SHORTAGE OF SKILLED LABOR AND HIGH LABOR COSTS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. ADVANCES IN CODING & MARKING SYSTEMS
4.1.2. ADOPTION OF AUTOMATION AND ROBOTICS
4.1.3. INNOVATIVE CONSUMABLE OFFERINGS
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1. BUYERS POWER
4.2.2. SUPPLIERS POWER
4.2.3. SUBSTITUTION
4.2.4. NEW ENTRANTS
4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.3.1. GROWTH PROSPECT MAPPING FOR INDIA
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
4.6.1. RAW MATERIAL SUPPLIERS
4.6.2. MANUFACTURERS
4.6.3. DISTRIBUTORS
4.6.4. END-USERS
4.7. KEY BUYING CRITERIA
4.7.1. ENERGY EFFICIENCY
4.7.2. COST
4.7.3. DURABILITY
4.7.4. AFTER-SALES AND SERVICES
5. MARKET BY TECHNOLOGY
5.1. CIJ TECHNOLOGY
5.1.1. MARKET FORECAST FIGURE
5.1.2. SEGMENT ANALYSIS
5.2. LASER TECHNOLOGY
5.2.1. MARKET FORECAST FIGURE
5.2.2. SEGMENT ANALYSIS
5.3. PRINT & APPLY LABELING MACHINES (PALM)
5.3.1. MARKET FORECAST FIGURE
5.3.2. SEGMENT ANALYSIS
5.4. TTO TECHNOLOGY
5.4.1. MARKET FORECAST FIGURE
5.4.2. SEGMENT ANALYSIS
5.5. PIJ TECHNOLOGY
5.5.1. MARKET FORECAST FIGURE
5.5.2. SEGMENT ANALYSIS
5.6. VIJ TECHNOLOGY
5.6.1. MARKET FORECAST FIGURE
5.6.2. SEGMENT ANALYSIS
5.7. TIJ TECHNOLOGY
5.7.1. MARKET FORECAST FIGURE
5.7.2. SEGMENT ANALYSIS
6. MARKET BY END-USER
6.1. FOOD & BEVERAGE
6.1.1. MARKET FORECAST FIGURE
6.1.2. SEGMENT ANALYSIS
6.2. HEALTHCARE & PHARMACEUTICALS
6.2.1. MARKET FORECAST FIGURE
6.2.2. SEGMENT ANALYSIS
6.3. ELECTRICAL & ELECTRONICS
6.3.1. MARKET FORECAST FIGURE
6.3.2. SEGMENT ANALYSIS
6.4. CHEMICAL & CONSTRUCTION
6.4.1. MARKET FORECAST FIGURE
6.4.2. SEGMENT ANALYSIS
6.5. AUTOMOTIVE & AEROSPACE
6.5.1. MARKET FORECAST FIGURE
6.5.2. SEGMENT ANALYSIS
6.6. OTHER END-USERS
6.6.1. MARKET FORECAST FIGURE
6.6.2. SEGMENT ANALYSIS
7. COMPETITIVE LANDSCAPE
7.1. KEY STRATEGIC DEVELOPMENTS
7.1.1. MERGERS & ACQUISITIONS
7.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
7.1.3. PARTNERSHIPS & AGREEMENTS
7.1.4. BUSINESS EXPANSIONS & DIVESTITURES
7.2. COMPANY PROFILES
7.2.1. CONTROL PRINT LTD
7.2.1.1. COMPANY OVERVIEW
7.2.1.2. PRODUCT LIST
7.2.1.3. STRENGTHS & CHALLENGES
7.2.2. DOMINO PRINTING SCIENCES PLC
7.2.2.1. COMPANY OVERVIEW
7.2.2.2. PRODUCT LIST
7.2.2.3. STRENGTHS & CHALLENGES
7.2.3. DANAHER CORPORATION
7.2.3.1. COMPANY OVERVIEW
7.2.3.2. PRODUCT LIST
7.2.3.3. STRENGTHS & CHALLENGES
7.2.4. HITACHI LTD
7.2.4.1. COMPANY OVERVIEW
7.2.4.2. PRODUCT LIST
7.2.4.3. STRENGTHS & CHALLENGES
7.2.5. LEIBINGER GROUP
7.2.5.1. COMPANY OVERVIEW
7.2.5.2. PRODUCT LIST
7.2.5.3. STRENGTHS & CHALLENGES
7.2.6. KEYENCE CORPORATION
7.2.6.1. COMPANY OVERVIEW
7.2.6.2. PRODUCT LIST
7.2.6.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - CODING & MARKING
TABLE 2: INDIA CODING & MARKING MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 3: INDIA CODING & MARKING MARKET, BY TECHNOLOGY, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 4: INDIA CODING & MARKING MARKET, BY END-USER, HISTORICAL YEARS, 2018-2023 (IN $ MILLION)
TABLE 5: INDIA CODING & MARKING MARKET, BY END-USER, FORECAST YEARS, 2025-2032 (IN $ MILLION)
TABLE 6: LIST OF MERGERS & ACQUISITIONS
TABLE 7: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 8: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 9: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR INDIA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: VALUE CHAIN ANALYSIS
FIGURE 7: KEY BUYING CRITERIA
FIGURE 8: INDIA CODING & MARKING MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2024
FIGURE 9: INDIA CODING & MARKING MARKET, BY CIJ TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 10: INDIA CODING & MARKING MARKET, BY LASER TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 11: INDIA CODING & MARKING MARKET, BY PRINT & APPLY LABELING MACHINES (PALM), 2025-2032 (IN $ MILLION)
FIGURE 12: INDIA CODING & MARKING MARKET, BY TTO TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 13: INDIA CODING & MARKING MARKET, BY PIJ TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 14: INDIA CODING & MARKING MARKET, BY VIJ TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 15: INDIA CODING & MARKING MARKET, BY TIJ TECHNOLOGY, 2025-2032 (IN $ MILLION)
FIGURE 16: INDIA CODING & MARKING MARKET, GROWTH POTENTIAL, BY END-USER, IN 2024
FIGURE 17: INDIA CODING & MARKING MARKET, BY FOOD & BEVERAGE, 2025-2032 (IN $ MILLION)
FIGURE 18: INDIA CODING & MARKING MARKET, BY HEALTHCARE & PHARMACEUTICALS, 2025-2032 (IN $ MILLION)
FIGURE 19: INDIA CODING & MARKING MARKET, BY ELECTRICAL & ELECTRONICS, 2025-2032 (IN $ MILLION)
FIGURE 20: INDIA CODING & MARKING MARKET, BY CHEMICAL & CONSTRUCTION, 2025-2032 (IN $ MILLION)
FIGURE 21: INDIA CODING & MARKING MARKET, BY AUTOMOTIVE & AEROSPACE, 2025-2032 (IN $ MILLION)
FIGURE 22: INDIA CODING & MARKING MARKET, BY OTHER END-USERS, 2025-2032 (IN $ MILLION)
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