The global inkjet coders market size is expected to be worth around US$ 6.1 billion by 2030, according to a new report by Vision Research Reports.
The global inkjet coders market size was valued at US$ 3.5 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.
|Market Size||USD 6.1 billion by 2030|
|Growth Rate||CAGR of 7.1% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Markem-Imaje; Linx Printing Technologies; KGK Jet India Private Limited; Xaar Plc; Videojet Technologies Inc.; Kiwi Coders Corp.; and Hitachi Industrial Equipment Systems Co., Ltd.|
The market is expected to witness an incremental growth in demand owing to growing emphasis on anti-counterfeiting strategies, compliance with stringent labeling regulation, and product traceability. Inkjet coders are non-contact printing coders used to print dates, batch numbers, and time on variety of packaging products such as containers and cartons.
Inkjet coders are also extensively used in the food industry to enable consumers to read information and gain knowledge about the product. Information coded includes expiry dates, nutritional information, and ingredients. The demand for TIJ coder in the food industry has increased over the last few years. TIJ coders provide improved print quality and resolution and release less volatile organic compounds, thereby increasing the demand for such coders among food packaging
By Type Analysis
Manufacturing companies offer several types of inkjet coders, including Continuous Inkjet (CIJ) coder, Drop on Demand (DOD) inkjet coder, Thermal Inkjet (TIJ) coder, and others. The TIJ coder segment is expected to emerge as the fastest-growing segment over the forecast period.
Coders with Drop on Demand (DOD) inkjet type are anticipated to register considerable growth by 2025. This growth is ascribed to the benefits offered in terms of functionality, reduced downtime due to fewer moving components, and flexibility, allowing the ejection of liquid from the printhead only when a drop is required.
By Application Analysis
the food industry segment accounted for approximately 20% of the global market share. The food industry vertical is anticipated to offer sound growth opportunities for all players involved in the value chain on the back of the increasing volume of food products being manufactured/processed daily.
Inkjet coders used in automotive industries are anticipated to witness substantial growth over the forecast period. This growth is attributed to various benefits offered such as line speed, integration with existing enterprise resource (ERP) systems, and ease of installation.
By Regional Analysis
Europe held the largest market share in 2018, accounting for approximately 30.0% of the total inkjet coders revenue share. The dominance can be attributed to the presence of large manufacturing sectors across different industry verticals.
North America emerged as the second-largest region in 2018. The growth can be attributed to increasing adoption of inkjet coding technologies among the food and beverages industry in the region. In the current market scenario, the U.S. dominates the market in North America.
Markem-Imaje; Linx Printing Technologies; KGK Jet India Private Limited; Xaar Plc; Videojet Technologies Inc.; Kiwi Coders Corp.; and Hitachi Industrial Equipment Systems Co., Ltd.
DOD Inkjet Coder
Pipes, Wires & Cables
Middle East & Africa
The Inkjet Coders market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Inkjet Coders market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Inkjet Coders market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Inkjet Coders market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Inkjet Coders market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Inkjet Coders capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Inkjet Coders by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Inkjet Coders market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Inkjet Coders market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Inkjet Coders market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Inkjet Coders industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Inkjet Coders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Inkjet Coders market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Inkjet Coders market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Inkjet Coders market. These factors have benefited the growth of the global market for Inkjet Coders. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Inkjet Coders. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Inkjet Coders are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are: