Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Inkjet Coders Market Size is Expected to Grow from USD 1.75 Billion in 2023 to USD 5.1 Billion by 2033, at a CAGR of 11.29 % during the forecast period 2023-2033.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Inkjet Coders Market Size, Share, and COVID-19 Impact Analysis, By Type (CIJ Coder, DOD Inkjet Coder, Thermal Inkjet (TIJ), and Others), By Application (Food Industry, Pipes, Wire & Cables, and Other), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The global inkjet coders market deals with producing and developing inkjet coding technology and its applications for variable information marking and printing on products and their packaging. It is mainly applied in industries, such as food and beverages, pharmaceuticals, automobiles, electronics, and consumer goods, for the fulfillment of labeling requirements and improvement in the traceability process at different levels of the supply chain. The main growth drivers for the market are the growing demand for efficient and high-speed printing solutions for product identification, such as barcodes, serial numbers, expiration dates, and batch codes. Increasing regulatory compliance in pharmaceuticals and food and beverage industries has also contributed to the growth of inkjet coders. Improved inkjet technology, including high-resolution and non-contact printing systems, has further increased their applications across various industries. However, there exist challenges in the market, where advanced inkjet coders present extremely high operation and maintenance costs. Apart from this challenge, laser marking is an alternate coding technology commonly adopted these days.
The CIJ coder segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the inkjet coders market is classified into CIJ coder, DOD inkjet coder, thermal inkjet (TIJ), and others. Among these, the CIJ coder segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance is attributed to their widespread adoption across multiple industries, including food and beverage, pharmaceuticals, and cosmetics, due to their ability to print on various substrates at high speeds.
The food industry segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the inkjet coders market is divided into food industry, pipes, wire & cables, and others. Among these, the food industry segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This dominance is attributed to the stringent labeling regulations and the increasing demand for product traceability within the food sector. The need for accurate coding and marking solutions to display essential information such as expiration dates, batch numbers, and barcodes has driven the adoption of inkjet coders in this industry.
Europe is estimated to hold the largest inkjet coders market share over the forecast period.
Europe is estimated to hold the largest inkjet coders market share over the forecast period. This is because a lot of money has been invested in research and development, which has brought about some significant improvements in inkjet technology. For example, the European Union was expected to spend close to USD 200 million on advanced digital technologies and research. In addition, the expansion of sectors like e-commerce, packaging, food and beverages, cosmetics, and pharmaceuticals in the region has spurred the demand for inkjet coders.
Asia-Pacific is predicted to have the fastest CAGR growth in the inkjet coders market over the forecast period. This rapid growth is primarily ascribed to expansion in manufacturing activities, increasing industrialization, and the booming e-commerce sector within the region. Emergent economies within Asia-Pacific witness significant industrial expansions, thus heightening the demand for efficient coding and marking solutions such as inkjet coders.
Competitive Analysis
Major key players in the inkjet coders market are ANSER CODING INC., Hitachi Industrial Equipment Systems Co., Ltd., ITW Diagraph, KGK Jet India, Kiwi Coders Corporation., Linx Printing Technologies. (Danaher.), Markem-Imaje, Shanghai Rottweil Handyware Printing Technology Co., Ltd, Videojet Technologies Inc., Xaar plc., and Others.
Key Target Audience
Recent Developments
Market Segment
This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the inkjet coders market based on the below-mentioned segments:
Global Inkjet Coders Market, By Type
Global Inkjet Coders Market, By Application
Global Inkjet Coders Market, By Regional Analysis
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