PUBLISHER: Allied Market Research | PRODUCT CODE: 1344499
PUBLISHER: Allied Market Research | PRODUCT CODE: 1344499
According to a new report published by Allied Market Research, 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.
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.