Inkjet coders refer to non-contact printing coders designed to print batch numbers, date of packaging, time and other such information on variety of end-products/components. The inkjet technology includes thrusting ink to the print head with stimulation of some kind of artificial pressure. This technology is suitable to mark both flat as well as curved surfaces. In addition, inkjet coders are capable of printing on virtually all types of materials. This makes inkjet coders suitable for wide range of industrial applications.

Inkjet coders are among the most revolutionary developments in the dot-matrix format printers. The device comprises several ink guns that print the required information by dropping ink onto the desired material. There are two primary types of inkjet coder viz. continuous inkjet and drop-on-demand inkjet coders. Drop-don-demand inkjet printing is further bifurcated into thermal drop-on-demand and piezoelectric drop-on-demand inkjet printers. Amongst the aforementioned types, continuous inkjet is the most popular type of technology used for coding and marking.

Inkjet coders are the most common types of printers used across various applications. Due to their superior advantages over other printing techniques, the market for these printers is estimated to continue witnessing robust growth across its potential industry verticals. These are popularly used across different industry verticals such as food and beverages, personal and home care products, pharmaceuticals and electronics for marking and coding. Other prominent applications include commercial printing, security coding, solar cells and others.

The report titled “Global Inkjet Coders Market- Growth, Share, Opportunities and Competitive Analysis, 2021 – 2029” offers strategic insights into the global inkjet coders market along with the market size and estimates for the duration 2019 to 2029. The report provides actual market data for years 2019 and 2020; whereas the forecast is provided for the period of 2021 to 2029. Further, the said research study covers in-depth analysis of multiple market segments based on market components (inkjet coding equipment, inkjet inks and spare parts and accessories), technology, inkjet ink type, application, industry verticals and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2020 & 2029. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on impact of market drivers and restraints over the forecast period.

In order to help strategic decision makers, the report covers section wherein the most attractive segments of the market have been analyzed and discussed. The report also includes competitive profiling of the leading inkjet coder manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Domino Printing Sciences Plc., Videojet Technologies, Inc., Markem-Imaje Corporation, Koenig & Bauer AG, Linx Printing Technologies Ltd., Squid Ink Manufacturing, Inc., Hitachi America Ltd., FoxJet (an ITW Company), ID Technology, LLC, Shanghai Rottweil Handyware Printing Technology Co., Ltd., ADT Ltd., Needham Coding Ltd. and others. The report also provides an overview of major strategies adopted by the leading players recognized in the market. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the inkjet coders and the overall printing industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2019 – 2020)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global inkjet coders market, offering market size and estimates for the period from 2021 to 2029, keeping in mind the above mentioned factors.

Inkjet coders are predominantly used in verticals having high production volumes of daily used consumer products. Subsequently, food & beverages segment have emerged as the most important end-user for inkjet coders. In 2019, the food & beverages segment contributed to over 45% of the total revenue generated worldwide. High volume of food products being manufactured/processed on daily basis is the prime factor responsible for the high segment share. In addition, stringent regulations on clear printing of information such as date of product manufacturing/expiry, batch number and others is another major factor fueling the segment growth. The food & beverages segment is followed by the healthcare and consumer products segments. Due to continual growth anticipated across the segments, these are estimated to remain the most prominent industry verticals for inkjet coders throughout the forecast period.

In 2019, the global inkjet coders market is dominated by the visible ink segment. The segment accounts for market share, in terms of revenue, of over 84% of the total market. Visible inks are the most popular type of inks used for various daily consumer products. These may include products under food & beverages, pharmaceuticals and consumer & home care products. The ever rising industrial growth across the aforementioned verticals is expected to help maintaining strong demand for visible inks in the coming years. Due to high volume of such products, visible inks segment is expected to retain its dominant position in the market throughout the forecast period. Invisible inks segment is, however, expected to expand with the highest CAGR in the market during the forecast period.

In 2019, continuous inkjet coders segment dominated the global inkjet coders market. The segment accounts for market share of over 90% of the total revenue generated worldwide. Continuous inkjet coder are the oldest type of inkjet printers used for various coding and marking applications. The segment, thus, enjoys prolonged existence in the market across potential end-use applications such as healthcare, food and consumer products. The main motive behind using continuous inkjet technology in these verticals is to facilitate printing on high volume of products being manufactured. Since continuous inkjet printing is highly suitable across the verticals, the segment is estimated to remain dominant in the market throughout the forecast period.

On the basis of geographic regions, the inkjet coder market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA) and Latin America. In 2019, the overall inkjet coder market is dominated by the Europe region accounting for market share of over one third of the total market revenue generated worldwide. Asia Pacific follows Europe, in terms of revenue, in the overall inkjet coder market.

The market growth across these regions is largely governed by the huge manufacturing sector across different industry verticals. Due to strong anticipated growth across these segments in Asia Pacific and Europe, the regions are estimated to remain dominant in the market throughout the forecast period. With the ever rising industrial growth in Asia Pacific, the region is projected to expand with the highest growth rate during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Inkjet Coders market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Inkjet Coders market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Inkjet Coders market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Inkjet Coders market?
• Which is the largest regional market for Inkjet Coders market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Inkjet Coders market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Inkjet Coders market worldwide?