Inkjet Coder Market Size is Projected to Generate a Revenue of $3,297.00 Million by 2032Download Sample Reports Overview
The Global Inkjet Coder Market Size is predicted to be valued at $3,297.00 million by 2032, surging from $1,951.30 million in 2022, at a CAGR of 5.4%.
Impact Analysis of COVID-19 on the Inkjet Coder Market
The COVID-19 pandemic had a considerable impact on the market for inkjet coder. The worldwide health crisis disrupted supply chains, manufacturing processes, and overall economic activity, affecting a number of industries that depend on inkjet coding solutions. Many industries had temporary shutdowns or reduced output during the early stages of the pandemic due to lockdown measures and limitations. Automotive, non-essential retail, and food service, which are major consumers of inkjet coders, saw a steep drop in demand, which affected the market growth.
However, COVID-19 has also had a significant impact in the area of labeling and coding, mainly in the automation and digital printing processes. The logistics sector, in particular, witnessed a shift towards a more streamlined and efficient producer during the COVID-19 pandemic.
Global Inkjet Coder Market Analysis
Inkjet coders are extensively utilized in a variety of sectors for product marking and coding purposes, such as printing expiration dates, batch numbers, barcodes, and other changeable information on items and packaging. Increased consumer awareness of product safety and traceability, strict laws governing product labeling and coding, and the requirement for effective and dependable coding solutions are some of the major drivers boosting the inkjet coder market growth. The market is also driven by the growth of sectors including manufacturing, pharmaceuticals, cosmetics, and food & beverage, which need efficient coding solutions for supply chain management and quality control.
However, inkjet coders require routine maintenance to ensure peak efficiency. Cleaning, printhead maintenance, and replacing worn-out components are examples of maintenance chores. Inkjet coders can incur downtime if not properly maintained, affecting production schedules and efficiency. While inkjet coders provide fast and dependable printing, they may have printing resolution limitations when compared to alternative printing technologies such as laser coders. This limitation may be an issue for some applications that demand high-resolution printing, such as small and complicated product labelling or the printing of detailed images.
Inkjet coding technology continues to advance, leading to the development of more sophisticated and reliable inkjet coders. Innovations in print head design, ink formulations, and software integration have improved printing speed, quality, accuracy, and maintenance requirements. These technological advancements attract businesses looking for efficient and cost-effective coding solutions, further driving the inkjet coder market expansion. The expanding packaging industry, driven by e-commerce, retail, and consumer goods sectors, is a significant driver for the inkjet coder market growth. As companies strive for appealing packaging designs and effective product identification, inkjet coders play a crucial role in adding variable information to packaging materials, ensuring brand visibility, and enhancing consumer engagement.
Global Inkjet Coder Market, Segmentation
The inkjet coder market is segmented on the basis of type, end user, and region.
The type segment is further classified into continuous inkjet coder, drop on demand inkjet coder, thermal inkjet coder, and others. Among these, the thermal inkjet coder sub-segment is projected to witness the fastest growth by 2032. The Thermal Inkjet (TIJ) coders work by heating small ink droplets using a heating element, which creates a vapor bubble that propels the droplets onto the substrate. This process allows for precise control and high-resolution printing. TIJ coders typically use disposable ink cartridges that contain the ink and printhead together, simplifying maintenance and ensuring consistent print quality. The expansion of the market is accelerated by the rise in the demand for fast-moving consumer products and the retail industry globally. One of the main factors propelling the expansion of the thermal inkjet (TIJ) coder market is the surge in the need for minimizing solvent evaporation and decreasing the mixing of air with ink. The market is also influenced by the rising use of thermal inkjet (TIJ) coders in a number of industries, including personal & home care, chemicals, automotive & aerospace, pharmaceuticals & medical devices, and electrical components & electronics.
The end user segment is further classified into food industry, pharmaceutical industry, cosmetic industry, wires, cables, and pipes, automobile industry, packing industry, and others. Among these, the pharmaceutical industry sub-segment is predicted to have the fastest growth during the forecast period. The pharmaceutical industry is subject to strict regulations regarding product traceability, identification, and safety. Inkjet coders are essential in meeting these regulatory requirements by providing clear and legible codes, including batch numbers, expiration dates, barcodes, serial numbers, and other variable information. Compliance with regulations such as Good Manufacturing Practices (GMP) and serialization regulations drives the demand for high-quality inkjet coding solutions. The pharmaceutical industry requires high-quality printing to ensure code readability throughout the product's lifecycle.
The inkjet coder market in Asia-Pacific is projected to show the fastest growth during the forecast period. The region has a large packaging industry driven by factors such as increasing population, rising disposable income, urbanization, and changing consumer preferences. The demand for efficient coding and marking solutions is growing alongside the developing packaging industry. Inkjet coders that offer high-speed printing, versatility in coding on different packaging materials, and compliance with local regulations have significant opportunities for growth in Asia-Pacific. Technological innovations such as improved printhead designs, advanced ink formulations, and software enhancements contribute to market growth. Asia-Pacific consumers place a high emphasis on product safety, quality, and transparency. There is an increasing demand for clear and legible coding on products and packaging, ensuring accurate information about expiration dates, batch numbers, ingredients, and allergens. Inkjet coders enable manufacturers to meet these demands, thereby driving the regional market growth.
Key Players in the Global Inkjet Coder Market
Some of the leading inkjet coder market players are
- ANSER CODING INC
- Hitachi Industrial Equipment Systems Co.Ltd
- Markem-Imaje S.A
- Videojet Technologies Inc
- Domino Printing Sciences Plc
- Control Print Limited
- Shanghai Rottweil Handyware Printing Technology Co. Ltd
- Xaar Plc
- Linx Printing Technologies