USD 1.63 Billion
Global Inkjet Coders Market Size, Share, Growth Analysis, By Product(Continuous Inkjet Coders (CIJ), Drop-on-Demand Inkjet Coders (DOD)), By End-User(Food and Beverage Pharmaceuticals, Packaging), By Ink(Solvent-Based Inks, Water-Based Inks) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2165 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
79
Global Inkjet Coders Market Insights
Global Inkjet Coders Market size was valued at USD 1.63 Billion in 2022 and is poised to grow from USD 1.71 Billion in 2023 to USD 2.64 Billion by 2031, at a CAGR of 5.52% during the forecast period (2024-2031).
In recent years, the global market for inkjet encoders has seen steady growth as they are used in various industries, including food and beverage, pharmaceuticals, packaging, and manufacturing, to add product information such as location numbers, expiration dates and barcodes to packaging materials. Increased regulations on product traceability have also contributed significantly to the growth of the market. It is also versatile and can be used on a variety of substrates such as paper, plastic, glass, and metal. This versatility makes them suitable for many different areas.
In addition, there is a growing trend to use eco-friendly and non-toxic inks in inkjet encoders. This is due to increasing consumer awareness of environmental aspects and sustainable packaging. Many customers are looking for custom solutions that meet their specific coding requirements.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Continuous Inkjet Coders (CIJ)
Fastest Growth
Drop-on-Demand Inkjet Coders (DOD)
Growth Rate
5.52% CAGR
Global Inkjet Coders Market ($ Bn)
Country Share for North America Region (%)
Global Inkjet Coders Market Size By Product ($ Bn)
Global Inkjet Coders Market Size By Product (%)
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Global Inkjet Coders Market Segmental Analysis
The global inkjet coders market is segmented into four major segments i.e. by product, end-user, ink, technology, and region. Based on product, it is divided into continuous inkjet coders (CIJ), drop-on-demand inkjet coders (DOD), and other innovative formats. Based on end-user, it is bifurcated as food and beverage pharmaceuticals, packaging, manufacturing, and others. Based on ink, it is segregated into solvent-based inks, water-based inks, uv-curable inks, and others. Based on region, the market is segmented into North America, Europe, and Asia-Pacific.
Analysis by Type
The Continuous Inkjet Coders (CIJ) have dominated for their remarkable capability of delivering fast and uninterrupted printing, rendering them ideal for situations where speed takes precedence. Rapid product labeling finds wide application in various industries such as food and beverage.
Additionally, Drop-on-Demand Inkjet Coders (DOD) are renowned for their exceptional accuracy and superior printing resolution. As a result, these coders are considered highly suitable for industries that prioritize print quality and variability, particularly within the pharmaceutical and specialized packaging sectors. Industries that prioritize compliance, branding, and variable data printing may witness the dominance of DOD coders. Furthermore, industries that are currently experiencing rapid growth, such as pharmaceuticals or specialty packaging, may also benefit from its offerings.
Analysis by End User
Food and beverage have long dominated the global inkjet coders market as it has to adopt the latest inkjet coding technologies and systems may experience faster growth. It has also prioritized sustainable and eco-friendly packaging solutions that may experience growth as environmental concerns become more prominent.
The pharmaceutical industry faces stringent regulations for product traceability, serialization, and labeling to ensure patient safety and compliance with international standards. This drives the demand for advanced inkjet coding solutions. The need for serialization, track-and-trace capabilities, and anti-counterfeiting measures in the pharmaceutical sector has been increasing globally. Advanced inkjet coders are integral to these efforts.
Global Inkjet Coders Market By Product, 2023 (%)
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Global Inkjet Coders Market Regional Insights
North America has historically dominated the inkjet coders market due to developed industrial sectors, stringent labeling regulations, and high demand for product traceability and branding. North America, in particular, has seen significant adoption of inkjet coding solutions in industries such as food and beverage, pharmaceuticals, and packaging.
Moreover, the Asia-Pacific region, particularly emerging economies within it, was a strong contender for being the fastest-growing region in the inkjet coders. Many countries in Asia-Pacific have been experiencing rapid industrialization and expansion of manufacturing sectors. Some countries in Asia-Pacific have been implementing more stringent regulations related to product labeling, traceability, and product safety. Compliance with these regulations necessitates the use of inkjet coders.
Global Inkjet Coders Market By Region, 2024-2031
- Largest
- Fastest
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Global Inkjet Coders Market Dynamics
Drivers
Increasingly Stringent Regulations and the Need for Enhanced Product Traceability
- Increasingly stringent regulations, particularly in industries such as food, pharmaceuticals, and packaging, drive the demand for inkjet coders to ensure accurate and compliant product labeling. The need for enhanced product traceability to track and verify the origin and authenticity of goods, especially in the food and pharmaceutical sectors, fuels the adoption of inkjet coders for serialization and track-and-trace purposes.
Restraints
Higher Investment and Expensive Consumable
- One of the main market restraints is that the upfront investment in inkjet coding equipment, especially for high-speed and high-resolution systems, can be significant, which may pose a barrier to adoption for smaller businesses. Some inkjet coders require expensive consumables, such as ink and maintenance parts, leading to ongoing operating costs that businesses need to consider.
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Global Inkjet Coders Market Competitive Landscape
The competitive environment in the inkjet encoder market is dynamic, with companies and others constantly innovating and expanding their product offerings to meet the demands of various industries. Increasing customer demands, technological advances, and regulatory changes as companies strive to provide efficient and high-quality coding and labeling solutions.
Top Player’s Company Profiles
- Domino Printing Sciences
- Videojet Technologies
- Markem-Imaje
- Leibinger GmbH & Co. KG
- Citronix
- CAB - Coding Automations GmbH
- Hitachi Industrial Systems
- EBS Inkjet Systems
- InkJet Inc.
- HSA Systems
- Continuous Inkjet Systems
- Inkjet Integration Systems
- Codoprint Systems
- Industrial Inkjet Systems
- Squid Ink Mfg., Inc.
- Norwood Marking Systems
- Marsh Marking Systems, Inc.
- Bell-Mark
- Allen Coding Systems
- ITW Marking & Coding
Recent Developments
- In October 2023, Domino Printing Sciences (Domino) today officially announced the opening of a new subsidiary, Domino Printing Indonesia, dedicated to providing complete closed-end coding solutions to the Indonesian archipelago.
- In October 2023, Danaher Corporation (NYSE: DHR) ("Danaher") announced that Veralto Corporation (and quote;Veralto" or the "Company") is the name of a separate public company that Danaher plans to launch in the fourth quarter of 2023.
Global Inkjet Coders Key Market Trends
- Rising Consumer Awareness and increased use of clean label products: A growing trend towards eco-friendly and sustainable inkjet coding solutions. This includes using non-toxic, water-based, and UV-curable inks and reducing packaging waste. Inkjet coders are increasingly adopting digital printing technologies that offer high-resolution printing and the ability to produce variable data, barcodes, and QR codes to meet the demands of e-commerce and personalization.
Global Inkjet Coders Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global inkjet coders market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The increased demand for accurate and customizable product labeling, especially in industries like food and pharmaceuticals. However, high initial costs and ongoing operational expenses serve as restraints. Product types include Continuous Inkjet Coders (CIJ) and Drop-on-Demand Inkjet Coders (DOD), with DOD gaining traction for its precision. Geographically, North America and Europe dominate due to strict regulatory requirements, while the Asia-Pacific region is the fastest-growing, driven by industrial expansion. Key market trends include a focus on sustainability, integration with Industry 4.0, and the adoption of eco-friendly inks to align with environmental concerns.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.63 Billion |
| Market size value in 2031 | USD 2.64 Billion |
| Growth Rate | 5.52% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Inkjet Coders Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Inkjet Coders Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Inkjet Coders Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Inkjet Coders Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Inkjet Coders Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Inkjet Coders Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Inkjet Coders Market Report Snapshots
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