The standards of the U.S. Food and Drug Administration (FDA) regarding the quality of food products and drugs and the provision of authentic details on the packaging are among the strictest in the world. Moreover, under the FDA Act of 2007, every food and drug manufacturing machine label must contain the Unique Device Identification (UDI) label. Additionally, manufacturers also need to have unique codes on their products to be able to trace them throughout the production line and beyond.
Moreover, to print the details directly on the surface of food products, specialized and strongly-regulated equipment and inks are required. Therefore, P&S Intelligence expects the coding and marking systems market in United States to grow from $558.4 million in 2017 to $860.6 million by 2023, at a 7.6% CAGR between 2018 and 2023. This is because these systems are used to print product-related details, such as manufacturing and expiry dates, batch number, ingredient and nutrient list, and manufacturer’s contact information, on the packaging.
The biggest trend presently being witnessed in the U.S. coding and marking systems market is the rising popularity of digital printing solutions over the conventional techniques. This is mainly ascribed to the fact that digital printing solutions, including continuous inkjet, have the ability to provide printing of millions of characters by using only a liter of ink. Moreover, the ink used in digital printing dries more quickly as compared to the ink used in conventional printing machines. The traditionally used printing solutions are also more time consuming and generate greater inventory waste than the digital solutions.
The burgeoning demand for printing solutions from various industries in the U.S. is encouraging the providers of coding and marking systems to take innovative steps to grow their clientele. For instance, REA JET started a new service centre in Texas in March 2018, in order to provide DoD, large and small-character ink jet, and high-resolution ink jet printing solutions and on-site technical training and services, equipment repairs, and other services to its clients.
Therefore, it can be concluded that owing to the burgeoning need for printing solutions in several industries, such as automotive and food and beverage, and the soaring demand for informative labeling on the packaging of the manufactured products, on account of the strict government regulations, the demand for coding and marking systems will observe huge growth in the U.S., the coming years.
Read More: https://www.psmarketresearch.com/market-analysis/us-coding-and-marking-systems-market
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