The increasing applications of coders and printers in the food and beverage industry is one of the major factors propelling the sales of marking and coding systems in Turkey. Due to the high customer demand for fast food items and various food and beverage products, the food and beverage industry is growing rapidly in the country. As per TurkStat, there were nearly 499 beverages producing and 42,030 food processing companies in the country in 2015.
As marking and coding products are used extensively in the packaged food and beverage industry, the growing requirement for food and beverages is fueling the sales of coding and marking systems in the country. This is, in turn, driving the progress of the coding and marking systems market in Turkey. According to the estimates of P&S Intelligence, a market research company based in India, the market valuation would surge from $76.4 million in 2017 to $120.4 million by 2023.
Furthermore, the market is predicted to advance at a CAGR of 7.9% between 2018 and 2023. Laser coding and marking, drop-on demand, thermal ink jet, continuous inkjet, thermal transfer overprinting, and print and apply labelers are the most widely used technologies in coding and marking systems in Turkey. Out of these, the demand for continuous inkjets was found to be the highest in the past years. This was because of the various beneficial traits of these printers.
The ability to easily print characters on any material, cost-effectiveness, and high-speed printing are some of the major beneficial traits of these printers. Electrical and electronics, chemical, automotive and aerospace, healthcare, and food and beverage are the major end users of marking and coding systems in Turkey. Amongst these, the usage of these systems was observed to be the highest in the food and beverage industry during the last few years.
Hence, it is safe to say that the sales of coding and marking systems would shoot-up in the country in the future years, on account of their growing requirement in the food and beverage industry.
Read More: https://www.psmarketresearch.com/market-analysis/turkey-coding-and-marking-systems-market
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