The standards of the U.S. Food and Drug Administration (FDA) regarding the quality of food products and drugs and the provision of authentic details on the packaging are among the strictest in the world. Moreover, under the FDA Act of 2007, every food and drug manufacturing machine label must contain the Unique Device Identification (UDI) label. Additionally, manufacturers also need to have unique codes on their products to be able to trace them throughout the production line and beyond.
Moreover, to print the details directly on the surface of food products, specialized and strongly-regulated equipment and inks are required. Therefore, P&S Intelligence expects the U.S. coding and marking systems market to grow from $558.4 million in 2017 to $860.6 million by 2023, at a 7.6% CAGR between 2018 and 2023. This is because these systems are used to print product-related details, such as manufacturing and expiry dates, batch number, ingredient and nutrient list, and manufacturer’s contact information, on the packaging.
In present times, when everybody is trying to come up with cheap knock-offs, anti-counterfeiting initiatives have become even more important. For this purpose, smart codes are being used, which modify the characters of a basic batch number and turn it to a complex code, thus making it difficult to be copied. According to the U.S. Department of Homeland Security (DHS), between 2000 and 2018 shows, seizures of fake goods at U.S. borders rose by 10 times, from 3,244 to 33,810 per year. The absence of proper codes characteristic to the original company no fake goods are a key enabler of such seizers.
As a result, all these industries and others use a variety of coding and marking systems, including thermal transfer overprinting (TTO), thermal inkjet, continuous inkjet, print & apply labelers, drop-on-demand (DoD), valve jet, laser, and hot-melt inkjet. Among these, most manufacturers in the country prefer continuous inkjet systems on account of their high speed of printing, which they can accomplish on almost every material, and non-stop operations for long hours. Moreover, these systems are already cost-effective to purchase, and they also require minimal servicing, which leads to further cost savings for users.
Hence, with the growing industrial production amid the constant threat of counterfeiting and risk of incurring heavy fines for not complying with FDA regulations, the demand for coding and marking systems in the country will keep rising.
Source: www.psmarketresearch.com
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