The global inkjet coder market is anticipated to reach $3.3 billion by 2032, growing from $2 billion in 2022 to 2032 at a CAGR of 5.4% from 2023 to 2032.
Inkjet coders are used to print product data that Include a summary of the product. These printers are used across various industrial verticals Including food and beverage, pharmaceuticals, cosmetics, electronics, automotive, and others for printing details on the packaging section of the product. The primary purpose of inkjet coding is to provide essential information for product identification, traceability, regulatory compliance, and branding purposes.
Inkjet coding is an alternative to traditional labeling. Inkjet coding Includes printing ink droplets onto a material without touching the object's surface. The technique can print on a wide range of surfaces, Including transparent, non-porous, smooth, rough, curved, and concave surfaces. As inkjet printing is non-contact, only the ink contacts the surface of the item or packaging, and the product remains clean and stable. The major advantage of inkjet coding over labeling is cost. When the cost of the label and thermal transfer ribbons are compared, inkjet printing is typically one-tenth the cost of label printing. All these factors are anticipated to boost the inkjet coder market share in the upcoming years.
Inkjet coders require regular maintenance to ensure optimal performance. Maintenance activities Include cleaning, printhead maintenance, and replacing worn-out components. If not properly maintained, inkjet coders can experience downtime, impacting production schedules and efficiency. While inkjet coders offer fast and reliable printing, they may have limitations in terms of printing resolution compared to other printing technologies such as laser coders. This limitation can be a concern for certain applications that require high-resolution printing, such as small and intricate product coding or printing of detailed graphics.
Inkjet coders can play a crucial role in providing accurate and visible coding for tracking and tracing products throughout the supply chain. As regulations and consumer expectations for traceability Increase, there is a significant opportunity for inkjet coders to cater to this demand and provide advanced coding solutions. Inkjet coding technology offers the potential for significant expansion in emerging countries and emerging industries. . As these markets continue to develop, the demand for coding and marking solutions is expected to Increase. Industries such as pharmaceuticals, electronics, and automotive, as well as regions with expanding manufacturing sectors, present untapped opportunities for inkjet coder manufacturers. Inkjet coders are compact and designed for easy integration into production lines or existing systems. They can be mounted on conveyors, packaging machines, or printing stations, allowing for seamless integration and minimal disruption to the production process. Inkjet coders often come with user-friendly interfaces and software for easy setup and operation.
The COVID-19 pandemic has had a negative impact on the inkjet coder market. Lockdown measures, social distancing requirements, and workforce disruptions caused significant challenges in manufacturing and production facilities. Inkjet coder manufacturers faced difficulties in maintaining normal production levels, meeting delivery timelines, and deploying installation and maintenance services. These disruptions led to delays and reduced productivity. Costs surged as a result of disruptions in the global supply chain, which Included raw material shortages and higher transportation expenses. Manufacturers of inkjet coders saw lower profitability due to greater expenses for acquiring materials, consumables, and spare parts.
The key players profiled in this report Include 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, MapleJet, and Linx Printing Technologies. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Inkjet coders are used to print product data that Include a summary of the product. These printers are used across various industrial verticals Including food and beverage, pharmaceuticals, cosmetics, electronics, automotive, and others for printing details on the packaging section of the product. The primary purpose of inkjet coding is to provide essential information for product identification, traceability, regulatory compliance, and branding purposes.
Inkjet coding is an alternative to traditional labeling. Inkjet coding Includes printing ink droplets onto a material without touching the object's surface. The technique can print on a wide range of surfaces, Including transparent, non-porous, smooth, rough, curved, and concave surfaces. As inkjet printing is non-contact, only the ink contacts the surface of the item or packaging, and the product remains clean and stable. The major advantage of inkjet coding over labeling is cost. When the cost of the label and thermal transfer ribbons are compared, inkjet printing is typically one-tenth the cost of label printing. All these factors are anticipated to boost the inkjet coder market share in the upcoming years.
Inkjet coders require regular maintenance to ensure optimal performance. Maintenance activities Include cleaning, printhead maintenance, and replacing worn-out components. If not properly maintained, inkjet coders can experience downtime, impacting production schedules and efficiency. While inkjet coders offer fast and reliable printing, they may have limitations in terms of printing resolution compared to other printing technologies such as laser coders. This limitation can be a concern for certain applications that require high-resolution printing, such as small and intricate product coding or printing of detailed graphics.
Inkjet coders can play a crucial role in providing accurate and visible coding for tracking and tracing products throughout the supply chain. As regulations and consumer expectations for traceability Increase, there is a significant opportunity for inkjet coders to cater to this demand and provide advanced coding solutions. Inkjet coding technology offers the potential for significant expansion in emerging countries and emerging industries. . As these markets continue to develop, the demand for coding and marking solutions is expected to Increase. Industries such as pharmaceuticals, electronics, and automotive, as well as regions with expanding manufacturing sectors, present untapped opportunities for inkjet coder manufacturers. Inkjet coders are compact and designed for easy integration into production lines or existing systems. They can be mounted on conveyors, packaging machines, or printing stations, allowing for seamless integration and minimal disruption to the production process. Inkjet coders often come with user-friendly interfaces and software for easy setup and operation.
The COVID-19 pandemic has had a negative impact on the inkjet coder market. Lockdown measures, social distancing requirements, and workforce disruptions caused significant challenges in manufacturing and production facilities. Inkjet coder manufacturers faced difficulties in maintaining normal production levels, meeting delivery timelines, and deploying installation and maintenance services. These disruptions led to delays and reduced productivity. Costs surged as a result of disruptions in the global supply chain, which Included raw material shortages and higher transportation expenses. Manufacturers of inkjet coders saw lower profitability due to greater expenses for acquiring materials, consumables, and spare parts.
The key players profiled in this report Include 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, MapleJet, and Linx Printing Technologies. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the inkjet coder market analysis from 2022 to 2032 to identify the prevailing inkjet coder market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the inkjet coder market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global inkjet coder market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Continuous Inkjet Coder
- Thermal Inkjet Coder
- Drop on Demand Inkjet Coder
- Others
By End-User
- Food Industry
- Pharmaceutical Industry
- Cosmetic Industry
- Wires, Cables and Pipes
- Automobile Industry
- Packing Industry
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ANSER CODING Inc.
- Control Print Ltd
- Domino Printing Sciences plc
- Hitachi Industrial Equipment Systems Co.,Ltd.
- Linx Printing Technologies Limited
- MapleJet
- Markem-Imaje S.A
- Shanghai Rottweil Handyware Printing Technology Co., Ltd
- Videojet Technologies Inc.
- Xaar plc
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: INKJET CODER MARKET, BY TYPE
CHAPTER 5: INKJET CODER MARKET, BY END-USER
CHAPTER 6: INKJET CODER MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Inkjet Coder Market,' The inkjet coder market was valued at $2 billion in 2022, and is estimated to reach $3.3 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.The inkjet coding systems can be integrated into production lines or standalone units, depending on the specific requirements of the industry and application. Inkjet coders can print on almost any material, including paper, plastic, cable, wire, metallic items, resin, glass, and others. Inkjet coding is commonly used to print barcodes, batch codes, expiration dates, and others. 1D and 2D barcodes, alphanumeric text, and graphics can all be printed with inkjet coders.
The increasing regulatory requirements associated with product tracking and the supply chain are the key factors driving the growth of the worldwide inkjet coder market. Pharmaceutical businesses are under increasing pressure to implement security practices that comply with changing requirements while also combating fraud and counterfeiting. Coding and labeling with overt and covert security inks make identifying counterfeit products easier for brand managers and regulators. Level 1 security printing appears clearly or tactilely on packaging or labeling. Visible fluorescent inks can be used for direct coding or as part of complex label designs. Level 2 printing uses invisible inks or inks with special formulas for increased security. In the case of taggant inks, verification and validation entail the use of UV lights, infrared readers, or calibrated readers. Improving inkjet printing technology and ink security is critical for reducing the dangers associated with compromised products, which may mislead and damage consumers and businesses. Therefore, there is an increased in demand for advanced inkjet printing technology and inks to increase security measures and protect the authenticity and integrity of products.
The inkjet coder market is highly competitive, with continuous advancements in technology and the introduction of new coding solutions. Manufacturers need to keep up with the latest trends and innovations to stay competitive. Rapid technological changes can sometimes render existing inkjet coders obsolete or less desirable, requiring businesses to invest in new equipment to stay up to date. While inkjet coders are versatile and can print on various substrates, some challenging surfaces may require additional treatments or specialized inks. Highly porous or uneven surfaces, as well as certain types of packaging materials, may pose difficulties for inkjet coders, impacting print quality and legibility.
The advent of Industry 4.0 and the Internet of Things (IoT) opens opportunities for inkjet coders to be seamlessly integrated into connected manufacturing environments. Inkjet coders have the potential to expand their capabilities beyond traditional coding and marking. For example, advancements in ink formulations and print head technologies can enable the printing of complex barcodes, high-resolution graphics, and even functional coatings on products. Exploring and developing new applications and features can differentiate inkjet coders and open new market opportunities. There is a growing emphasis on sustainability and eco-friendly practices across industries. Inkjet coder manufacturers can capitalize on this trend by developing eco-friendly inks and consumables, reducing waste generation, and improving energy efficiency. The expansion of e-commerce, package coding solutions must be effective and of the highest calibre. To encourage customer involvement, precise tracking, and brand awareness, inkjet coders can apply readable and clear coding to various types of e-commerce packaging materials. There is a substantial opportunity for inkjet coder makers to serve this packaging product as the e-commerce business grows.
The inkjet coder market share is segmented on the basis of type, end user, and region. By type, it is classified into continuous inkjet coder, drop on demand inkjet coder, thermal inkjet coder, and others. By end user, it is classified into the food industry, pharmaceutical industry, cosmetic industry, wires, cables, and pipes, automobile industry, packing industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the inkjet coder market report include 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, MapleJet, and Linx Printing Technologies.
The report offers a comprehensive analysis of the global inkjet coder market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Inkjet Coder Industry
Demand for inkjet coders decreased during the COVID-19 pandemic due to supply chain interruptions, fewer production operations, and lesser expenditures on new equipment.Various industries were affected differently by the pandemic. While some industries such as food & beverages, pharmaceuticals, and personal care products experienced an increase in demand, others like automotive, aerospace, and certain non-essential consumer goods faced a decline. The varying impact on different industries influenced the demand for inkjet coders across the sectors.
In the initial stages of the pandemic, many businesses faced uncertainties and reduced production activities due to lockdowns and restrictions. This temporary slowdown in manufacturing and packaging operations impacted the inkjet coder market as well, with a decrease in demand during that period.
The inkjet coder market is likely to recover as economies progressively recover and companies adapt to the new normal, driven by the need for effective coding and marking solutions across various sectors.
Key Findings of the Study
- Based on type, the continuous inkjet coder sub-segment emerged as the global leader in 2022 and the thermal inkjet coder sub-segment is anticipated to be the fastest-growing during the forecast period.
- Based on end user, the food industry sub-segment emerged as the global leader in 2022 and the pharmaceutical industry sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on region, Europe registered the highest market share in 2022 and is projected to maintain its position during the forecast period.
Companies Mentioned
- ANSER CODING INC.
- Control Print Ltd
- Domino Printing Sciences plc
- Hitachi Industrial Equipment Systems Co.,Ltd.
- Linx Printing Technologies Limited
- MapleJet
- Markem-Imaje S.A
- Shanghai Rottweil Handyware Printing Technology Co., Ltd
- Videojet Technologies Inc.
- Xaar plc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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