Global Inkjet Coders Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Inkjet Coders Market” is an upcoming report that will be generated by MarketResearch.biz. The study and analysis will be conducted using highly qualified opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the inkjet coders market. The global inkjet coders market segmentation allows for deeper thought and understanding, to decisively assess, analyze, and study. Besides revenues for segments, global, regional, and country-wise market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The global inkjet coders market report will be segmented on the basis of type outlook, application, and region.
Industrial coding systems are used in direct part marking on production lines with quick-drying ink. They are used for traceability and tracking purposes and are commonly found in industries such as – pharmaceutical, automotive, food & beverage, electronics, as well as cosmetics. They are non-contact printing coders that are used to batch numbers, print dates and time on various packaging products like cartons, packs, and containers. Inkjet technology works by thrusting ink to the print head through the stimulation of artificial pressure and can mark both flat as well as curved surfaces.
The global inkjet coders market is slated to experience a higher CAGR over the forecast period. The market is anticipated to experience substantial growth due to a growing emphasis on product traceability, stringent regulation label compliance, and anti-counterfeiting strategies. The decline in the cost of these printers is said to subsequentially have a positive impact on the demand for inkjet printers globally.
Technological advancements like the development of software that controls automatic flush systems and the viscosity of the ink by halting and removing the print head are expected to forge immense growth opportunities for this market over the forecasted tenure. Improvements in the functionality of inkjet coders like the reduction of solvent evaporation rates (fast drying time) and the mixing of air with ink will further aid the growth of the global inkjet coders market.
The increase in demand for fast-moving consumer goods and an ever-expanding retail sector, as well as expeditious urbanization, better standards of living, and a booming population, are some of the factors that will benefit the growth of the global inkjet coders market. Other factors that make an inkjet printer a better alternative to a laser printer is that it’s far more cost-effective and can be integrated much easier.
In terms of product type, the market is segregated into – continuous inkjet coder ( CIJ), thermal inkjet coder (TIJ), drop-on-demand inkjet coder (DOD), among others. And, the TIJ segment is projected to be the quickest-growing segment over the forecasted period. This can be attributed to benefits such as – a higher quality print & resolution, the minimal release of volatile organic compounds (VOCs) and its low cost of maintenance. The drop-on-demand type of coder segment is also slated to grow exponentially over the forecast period.
With respect to application, the food industry segment accounted for a majority of the market’s revenue share. However, the use of inkjet coders in the automotive industry is expected to grow substantially over the foreseeable future.
Europe accounted for the largest revenue share of the global inkjet coders market in 2018. This is a result of large manufacturing sectors that are spread across various industry verticals. Most of these manufacturers are from China due to its low manufacturing costs, shifting trends and carious developments in technology.
North America is the 2nd largest market owing to its increased adoption of inkjet coding technology in the food & beverage industry.
Global Inkjet Coders Market Segmentation:
Global Inkjet Coders Market Segmentation, by product type:
- CIJ Coder
- DOD Inkjet Coder
- TIJ Coder
Global Inkjet Coders Market Segmentation, by application:
- Food Industry
- Medical Application
- Cosmetic Industry
- Automobile Industry
- Pipes, Wires & Cables
- Tobacco Industry
- Packing Industry
Global Inkjet Coders Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Linx Printing Technologies
- KGK Jet India Private Limited
- Xaar PLC
- Videojet Technologies Inc.
- Kiwi Coders Corp.
- Hitachi Industrial Equipment Systems Co. Ltd.
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