The 7th International Coding, Marking & Labelling Technology Exhibition
Essential Information on Packaging
Coding, marking, and labelling are important systems that provide essential product information on packages, such as batch number, manufacturing date, expiry date, price, and more. Coding and marking play a role throughout the logistics processes to facilitate the tracking of goods from the manufacturing unit to retail outlet. These systems are currently required in packaging and logistics for food and beverage, pharmaceutical, chemical and electronics products.
Coding,Markings&LabellingAsia held alongside ProPak Asia, taking place from 13-16 June 2018 at BITEC, Bangkok will be the industry’s sourcing ground for coding, marking and labelling systems as well as an opportunity to learn more about industry standards.
The global coding and marking market is expected to reach USD 5,310.5 million by 2023 with a CAGR of 9.4%. Asia Pacific is the largest and highest growth market because of strong growth in the manufacturing sector, rapid urbanization, and a higher demand for consumer products.The food and beverage, pharmaceutical, and cosmetic industries are the major drivers of the coding and marking market. These are experiencing higher demand from the consumer’s end, as changes in lifestyle directly impact their purchasing decisions.
Coding and marking systems make it easy for customers to identify certain products, while also helping to protect brand image. Therefore, brands emphasize these systems and look for modern technology to replace traditional methods and machinery which are no longer able to meet current requirements like packaging customization for traceability. The coding and marking market tends to be competitive, especially with the recent popularity of digital printing.