Laser Marking Market | What are the upcoming trends in the industry Laser Marking Market | Page 4

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The market for the packaging end-user vertical is expected to grow at the highest
CAGR from 2019 to 2024. Majority of the packaging companies have to display
variable data, such as expiration dates and batch and serial numbers, as labels on the
products. Laser markers are perfectly suited for marking at the end of the production
process and can be used on several materials, including cardboard, paper, and
polymer. Marking with laser systems is a contactless process, thus negating any
mechanical stress on the packaging. These factors are likely to contribute to the
highest growth rate of the packaging segment as compared to the other end-user
segments.