Coding and marking requirements in the manufacturing and processing sector of Indonesia were traditionally met with the use of analog technologies. However, in recent years, manufacturers here have shifted to digital coding and marking solutions owing to the increasing complexities in product packaging. As a result, the country has now shifted toward high-tech, sensitive printers. Now, manual systems are being substituted with continuous inkjet printers for working on product packaging.
In particular, the tobacco industry is generating a high demand for such modern and sophisticated coding solutions to ensure the quality of the end products, owing to the rising emphasis on cleanliness. Modern coding technologies facilitate enhanced readability and high-resolution printing for automatic labeling and direct-to-the-box applications. Thus, the coding and marking systems market in Indonesia is expected to grow from $27.4 million in 2017 to $48.7 million by 2023, at a CAGR of 10.1% during the forecast period.
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The application segment of the Indonesian coding and marking systems market is classified into polyethylene terephthalate (PET) bottles, metal parts, metal cans, bags, wooden materials, flexible films and foils, plastic and rubber parts, rigid plastic containers, extrusions, glass bottles and containers, shrink wrap, paperboard, retail-ready packaging, corrugated packaging, and others, including pouches, cases, and trays. In 2017, the PET bottles category held the largest market share due to the extensive use of these bottles for the packaging of beverages.
In 2017, Jakarta accounted for the largest share in the Indonesian coding and marking systems market. Jakarta creates a high demand for packaged food and beverage products, construction items, and metal goods owing to its vast population. As it is the most-populous city in Indonesia, it records the highest demand for coding and marking solutions to provide quality assurance to end users. The increasing demand for these products will foster the requirement for such coding and labeling systems in the forecast years as well.
Thus, the bolstering tobacco and food and beverage industries in Indonesia will boost the adoption of coding and marking systems in the coming years.
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