Inkjet Coders Market Analysis Report By Type, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global inkjet coders market size was valued at USD 1.5 billion in 2018 and is expected to register a 5.1% growth rate during the forecasted period, from 2019 to 2025. The demand for inkjet coders is increasing due to the rising emphasis on product traceability, anti-counterfeiting policies along strict regulations. These printers are non-contact coders used to print batch numbers, times, and dates on several packaging products including cartons and containers.

This coder is used in several industries like cosmetic, pharmaceutical, automotive, food & beverages. The inkjet coder technology includes thrusting ink with stimulation of pressure to the print head and is suitable to mark curved and flat surfaces. The decreasing price of these coders is anticipated to augment market growth.

In this market, technological advancement plays an important role including software development that monitors and controls the flush system automatically, ink viscosity which helps to save time by removing and stopping the print head is anticipated to open new avenues to increase the product demand. Further, reducing chances of mixing air along with the ink and rising demand for minimum solvent evaporation are some factors that lead to a positive impact on market growth. The growth of FMCG and retail sectors is anticipated to surge the market growth, from 2019 to 2025. This industry’s growth is characterized by favorable demographic and socio-economic factors. A rising number of medical stores are fueling the demand for this product. In the pharma industry, these inkjet coders are used to print blister packs, boxes, and packages for drugstores and medicines that enable traceability needed for legal implications to protect against fake pharmaceuticals.

Factors like low quality of marking and high cost for running are projected to restraint the market growth. In addition, these coders spill small droplets of ink during coding led to low resolution over laser coders that are used as a primary substitute for this product. However, various benefits of inkjet coders as compare to laser printers including low cost of maintenance as well as easy integration are expected to boost the market growth over the forecast period.

Types Insights

TIJ inkjet coder is estimated to grow with the highest CAGR during the forecast period. Several benefits offered by this coder including high resolution and print quality, least release of volatile compounds, and low maintenance have augmented the segment growth. Further, these coders enable sealed cartridge systems that create replenishment easily and simply and eliminates the risk of spills. Thus, end-users prefer to buy these coders, thereby, anticipated to drive market growth during the projected period.

Drop on Demand (DOD) inkjet coders are anticipated to have considerable growth over the forecast period. Drop on Demand (DOD) enables several benefits such as improves functionality and flexibility, reduce downtime, and allowed the print head liquid when a drop is needed. This type of printing is widely beneficial for printing on varnished cartons, boxes, wood, metal, and others that need big character coding. Thus, benefits related to this coder enhance the user experience and are projected to drive the segment growth in the next few years.

Application Insights

On the basis of application, the market is bifurcated into food, medical application, cosmetics, automobile industry, pipes, wires & cables, the tobacco industry, packing industry, and others. The food industry dominated the global market and accounted for around 20.0% market share, in 2018. These coders are widely used in this industry for marking & coding that enables users to read data about products. Coded information on the objects or products gives alcohol content, nutritional information, and ingredients. In addition, strict government regulations for the printing of data including batch number, and product expiry date are anticipated to propel the market growth. Along with the food industry, inkjet coders are used in various verticals like the cosmetic industry, the tobacco industry, the automobile industry, and medical applications.

Inkjet coders are projected to gain traction in the automotive industry from 2019 to 2025. In this industry, inkjet coders offer various benefits such as integration with present enterprise resource (ERP) systems, easy installation, and line speed. These coders enable visible and bold logos and convert from small to bold prints in similar machines. This above-mentioned factor helps to enhance and improve their coding experience.

Regional Insights

In 2018, Europe dominated the market and accounted for around 30% of the market share in the global market in terms of revenue. The growth of the manufacturing sector in different verticals such as the food & beverage and pharmaceutical industries has majorly driven the regional market growth. This region is projected to lead the market over the forecast period.

The Asia Pacific is expected to offer beneficial opportunities for market growth in the next few years. In this region, China has contributed a positive impact on regional market growth due to the presence of major manufacturers coupled with less investment required for manufacturing, and technological development. Governments from several countries have taken some initiatives to reduce rapidly increasing counterfeiting and piracy. For example, in 2011, the China Food and Drug Administration (CFDA) introduced coding norms to pre-packaged foods. These norms comprise that manufacturers should mention the information of producer details, batch identification, storage condition, ingredients, and product name. These norms have enforced the inkjet provider to label accurately on products, thereby, expected to boost the market growth in this region.

North America accounted for the second-largest market share, in 2018. This growth is characterized by the increasing penetration of inkjet coding in the food & beverage industry. In this region, U.S. has dominated the North America inkjet coder market due to the rising adoption of this product in the pharmaceutical and food packaging sectors. North America was an early user of this technology, this region has a huge number of vendors as well as solution providers which are expected to augment the market growth.

Impact of COVID-19

During the corona pandemic, print production has been slowed down in several countries. However, packaging and label are playing a very vital role due to increasing demand for pharmaceutical and food packaging industries. In addition, market players can implement new strategies to strengthen their footprints in a pandemic situation. They are engaged in innovation in the printing industry such as shifting from commercial to technologically advanced printing, hybrid printing, and cross-media printing which is expected to drive the demand for the inkjet coder market.

Inkjet Coders Market Share Insights

The major players include in this market are KGK Jet India Private Limited; Linx Printing Technologies; Xaar Plc; Markem-Imaje; and Videojet Technologies Inc. Most of the manufacturers are concentrating on product development and product launches in order to expand their geographical presence. For example, Videojet Technologies, Inc. launched a Videojet 1580 inkjet (CIJ) coder that helps to improve marking as well as coding ability with the lower total cost of ownership (TCO) by improving and evaluating coder performance.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global inkjet coders market report based on type, application, and region:

• Type Outlook (Revenue, USD Million, 2015 - 2025)
    • CIJ Coder
    • DOD Inkjet Coder
    • TIJ Coder
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Food Industry
    • Medical Application
    • Cosmetic Industry
    • Automobile Industry
    • Pipes, Wires & Cables
    • Tobacco Industry
    • Packing Industry
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
        • France
    • the Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa