U.S. Coding & Marking Market - Focused Insights 2023-2028

The US coding & marking market was valued at around USD 1.32 Billion in 2022 and is expected to reach USD 2.23 billion by 2028, growing at a CAGR of 9.13%. The US's dominance in the cosmetics and personal care segment presents a massive market for coding and marking solutions, with renowned multinational companies at the helm of the industry. This report provides complete information regarding consumer purchasing behavior and the adoption of coding & marking in the US. 

Invest in a rapidly growing coding and marking market in the US with promising prospects. With flexible packaging representing approximately 20% of the massive $170 billion US packaging industry, it's no surprise that coding and marking are gaining traction as the second-largest packaging segment. As the demand for flexible packaging rises, so does the need for effective coding and marking solutions. 

With the rise of organic products, high disposable income, diverse end-user industries, and a thriving cosmetics sector driving the demand, the US's future of coding and marking is undeniably promising. Don't miss your chance to be part of this exciting journey – seize the moment and make your mark in the flourishing US coding and marking market. 

Key Highlights:

• The GDP contribution of the US to the global economy was around $23.32 trillion in 2021. The US holds a significant share of the benchtop tools market and is expected to grow significantly over the forecast period. High affordability and rising disposable income play an important role in driving the demand for the coding & marking market in the country. 
• Coding and marking solutions have found a consistent demand in the US owing to the frequent monitoring by government regulatory bodies. The U.S. Food and Drug Administration (USFDA) has been regulating the food code in the country since 1997. Their database has a food code reference system that enables users to search and retrieve the data as per their choices. 
• Another key growth area for vendors in the coding and marking market arises from the growth of various end-user industries. For instance, almost every region in the country has witnessed considerable growth in the natural foods and beverages segment. In addition, the demand for organic food has risen sharply due to the growing inclination among people to eat healthily. 
• Over 15% of the US population prefers to consume food products, with over 69% plant-based content driving the demand for organic products. Increasing demand for men’s grooming products, organic cosmetics, and anti-aging products is boosting the US demand for packaging, coding, and marking. 
• The demand for products is rising in the US, mainly due to the high disposable income. Increasing product consumption due to high disposable income boosts packaging demand, thereby driving the e-growth of the coding and marking market. In 2023, disposable personal income increased by 0.5% and reached $89.9 billion; personal consumption expenditure increased by $27.9 billion, an increase of 0.2%. 
• The US is one of the leading producers of cosmetics and personal care products and is the hub of prominent companies in this segment. The US has a footprint of several multinational companies in cosmetics that hold a prominent position globally. For instance, Revlon, L’Oréal, Avon, and others are the most popular cosmetic products. Therefore, the country is expected to witness a huge demand for coding and marking from the cosmetics and personal care segment.