According to a report from MarketsAndMarkets (marketsandmarkets.com), the global packaging printing market is projected to grow from $120.02 billion in 2016 to $192.75 billion by 2026, at a CAGR 4.9%. The market is driven by factors such as strong growth in the demand from the food and pharmaceuticals sectors, as well as the popularity of convenient packaging. The food & beverages segment is estimated to be the fastest-growing during the forecast period due to increasing demand for product differentiation, in addition to labeling needs for authentication purposes.
Advancements within the printing, coding and labeling industry are in direct response to this market growth, as well as customer demand for faster, more efficient and easier to use technologies. To make laser coding simpler and more accessible, Linx Printing Technologies (linxglobal.com) launched two laser coders with easier and faster installation and set-up than previous models. These coders also boast faster printing speeds and greater versatility, making the coders ideal for a wider variety of products.