Technological as well as technical innovation, during the Covid-19 Chaos to Impact the Global Inkjet Coders MarketDownload Sample Reports Overview
The communal spread of the coronavirus disease has negatively affected the growth of the inkjet coders in the global market. Moreover, due to the COVID-19 crisis, the majority of businesses across countries are at a standstill. Though the global inkjet market is negatively affected, the adoption of effective business development strategies will uplift the market after the COVID-19 crisis. Furthermore, the growth of the inkjet coders market is mainly attributed to the rapid growth in food & beverages, pharmaceutical, and protective equipment industries. Moreover, many key players of this market have come forward to tackle the challenges of the COVID-19 outbreak. For instance, in April 2020, Linx, world-class coding & marking specialist company, designed highly advanced coders. These inkjet coders offer operational reliability. These strategic steps may help ventures to grow in this COVID-19 pandemic crisis.
This report is designed to guide market leaders in operational, and strategic and financial planning over the next upcoming years.
Our report consists of:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact
As per a recent report of Research Dive, the inkjet coders market is expected to register a revenue of $2,139.0 million by 2026, growing at a healthy CAGR of 4.9%, during the analysis period. The segmentation of the market has been done based on type, application, and region. The report provides meaningful insights on market opportunities, vital segments, drivers, restraints, and global players of the market.
Factors Affecting the Market Growth
As per our analysts, the growing emphasis on technological innovations, high investment of players in the R&D, and extensively surging demand for the printers in multiple industries such as food & beverages are anticipated to accelerate the growth of the market, during the projected period. However, the high cost of maintenance is anticipated to decline the growth of the market in the period of forecast.
TIJ Segment Will Have Lucrative Growth in the Market
On the basis of type, the inkjet coder market is broadly categorized into TIJ coder, DOD inkjet coder, CIJ coder, and others. TIJ segment valued at $438.8 million in 2018 and is expected to increase with a remarkable CAGR of 5.4% in the analysis period. the market growth of TIJ inkjet is mainly attributed to the cost-effectiveness and excellent resolution.
Food Indistry Application of Inkjet Coders
Based on the application, the global market for the inkjet coder is classified into pharmaceutical, food, automobile, wires & cables, cosmetic, pipes, tobacco, packing, and others. The food application segment generated revenue of $365.6 million in 2018 and is projected to increase with a CAGR of 4.7% in the period of forecast.
Depending on the region, the global market for inkjet coders is classified into North America, Asia Pacific, Europe, and LAMEA. Asia-Pacific Market registered a revenue of $438.8 million in 2018 and is anticipated to rise with a CAGR of 5.3%, during the forecast period; this is mainly due to the shifting of the significant manufacturing organization particularly in the South-Korea China and India.
Major Market Players
The leading players in the inkjet coders market consist Squid Ink Manufacturing, Inc., Elmark Packaging, Markem-Imaje, Koenig & Bauer AG, Shanghai Rottweil Handyware Printing Technology Co., Ltd, XAAR, Linx Printing Technologies, Media Data Systems Pte Ltd, Domino Printing Sciences plc, ID Technology, LLC., and KGK Jet India.