28-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Inkjet Coders Market, by Type (Continuous Inkjet (CIJ), Laser, Thermal Transfer Over printer (TTO), Thermal Inkjet Coder (TIJ), and Large Character Inkjet Coder (LCM)), by End User (Food Industry, Medical Industry, Cosmetic Industry, Packaging Industry, Automobile Industry, and Others),and by Region : Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”. According to the report, the global inkjet coders market was valued at USD 1,431 Million in 2019 and is expected to reach over USD 2,181 Million by 2026, growing at a CAGR of around 6.2% during the forecast period from 2020 to 2026.
Browse the full “Global Inkjet Coders Market, by Type (Continuous Inkjet (CIJ), Laser, Thermal Transfer Over printer (TTO), Thermal Inkjet Coder (TIJ), and Large Character Inkjet Coder (LCM), by End User (Food Industry, Medical Industry, Cosmetic Industry, Packaging Industry, Automobile Industry, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/inkjet-coders-market
Industrial coding system is used to mark the product on the production line itself. The coder used for this task consists of several ink guns filled with quick-drying inks. The required information like dates, batch number or any security feature is marked on the products with the help of commands given to the coder. Inkjet coders are extensively useful in food and beverages, pharmaceutical, automotive, cosmetics, and many other industries. They are capable of printing on a variety of materials such as paper, wire, plastic, cable, glass, and resin among others. Extensive multifunctional nature makes inkjet coder demanding technology across the industrial domains. Food and beverage’s supply chain are continuously expanding leading to concerns regarding public health due to increasing possibility of contamination of product, counterfeit product, etc. Tracking and traceability of products in the supply chain is of utmost importance to the manufacturer, by the use of coder special designs and barcodes are added to monitor the product and maintain its authenticity. Demand from the packaging industry will also register significant demand for inkjet coders.
The digital revolution is changing competitive landscape like never before. The advent of Internet of things, social media are changing the nature of customer engagement with product. The consumers want their products to be interactive and contain all the information in detail. This can be achieved with advanced technology like QR codes, by scanning code one can be nudged to a location where the product manufacturer wants. The growing E-commerce sector is seeing a major threat from counterfeit products. Recently, Sketcher a shoe brand took a leading e-commerce site to court over alleged counterfeiting of product. Such practices damage brand image as well as reduces brand loyalty. Advanced digital coding solutions with the help of integrated software may help to reduce the losses. Although the high cost of inkjet coders is one of the important restraining factors. But the advent of 3D printing and rising trend for personalized products will ensure the growth of inkjet coders in the forecast period.
The global inkjet coders market is segmented into various parameters. On the basis of type the market is divided into continuous inkjet (CIJ), laser, thermal transfer over printer (TTO), thermal inkjet coder (TIJ), and large character inkjet coder (LCM). On the basis of end-user, the market is segregated as food industry, medical industry, cosmetic industry, packaging industry, automobile industry, and others. It is expected that growth in the food and beverage industry, as well as cosmetic industry in forecast period, will lead to increasing demand for inkjet coders. Further, the market is also divided according to regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East and Africa. North America and Asia Pacific regions are expected to show major demands for coders owing to high per capita income and an increase in the youth population boosting the economies.
Some of the key players operating in global inkjet coders market are Rynan Technologies, Squidink, HP, 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. Among others
The report segments the global inkjet coders market into:
Global Inkjet Coders Market: Type Segment Analysis
Global Inkjet Coders Market: End-User Segment Analysis
Global Inkjet Coder Market: Regional analysis
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