Coding and Marketing Market worth US$ 5.6 billion in 2019 with a CAGR of 6.3%
Advancement of eco-friendly marking systems and novel packaging designs and materials in the packaging industry is boosting the demand of the marking market. Widespread global packaging formats are encouraging globalization by providing great opportunities for firms to multiply their market reach and improve their market share. The accelerating sale of processed foods, packaged snacks, non-alcoholic beverages, dairy items and processed food is enhancing the demand for packaged food and beverage sector across the globe. Additionally, this sector is observed to be the major consumer of coding and marking systems and as a result, increasing demand for packaged products in developed as well as developing economy is extensively contributing towards the growth of Coding and Marketing Market.
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