The global inkjet coders market size is expected to reach USD 2.1 billion by 2025, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. increasing adoption of inkjet coders in medical applications is expected to drive the market over the forecast period. Inkjet coders are being used in medical applications to meet the growing demand for traceability that allows protection against counterfeit pharmaceuticals.
Inkjet
coders are also extensively used in the food industry to enable consumers to
read information and gain knowledge about the product. Information coded
includes expiry dates, nutritional information, and ingredients. The demand for
TIJ coder in the food industry has increased over the last few years. TIJ
coders provide improved print quality and resolution and release less volatile
organic compounds, thereby increasing the demand for such coders among food packaging.
Besides,
the packaging industry is witnessing a paradigm shift in terms of coding and
marking methods. Inkjet coders are being observed to be used in the packaging
industry for marking primary packaging, coding tobacco packages, and tracking
and identifying products. Furthermore, the growth of the market is attributed
to increase in the number of pharmaceutical stores, especially in the Asia
Pacific region. Also, in this region the government of different countries have
introduced several legislative norms to accurately label produced goods, which
in turn is supporting market growth and is anticipated to witness substantial
growth by 2025.
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Further key
findings from the study suggest:
- The market is anticipated to
witness substantial growth during the forecast period owing to rising
adoption in various industries, including pharmaceutical, food and
beverages, and automobile
- The Drop on Demand (DOD)
inkjet coder segment is expected to register considerable growth by 2025.
This is attributed to benefits offered in terms of flexibility and
functionality, thereby augmenting its adoption across industrial
applications such as printing onto timber and hardware, concrete, and
packaging products
- The food industry segment
accounted for the highest market share in 2018, owing to increasing
stringent regulations on clear printing of information on the product
- The growth of the European
market can be attributed to presence of large number of
vendors/manufacturers offering the printing technology. Also, Europe is
likely to maintain its dominance during the forecast period
- Key players in the market
include 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. New product development
remains the key strategy adopted by the leading manufacturers in the market.
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Grand View Research has segmented
the global inkjet coders market based on type, application, and region:
Inkjet Coders Type
Outlook (Revenue, USD Million, 2015 - 2025)
- CIJ Coder
- DOD Inkjet Coder
- TIJ Coder
- Others
Inkjet Coders
Application Outlook (Revenue, USD Million, 2015 - 2025)
- Food Industry
- Medical Application
- Cosmetic Industry
- Automobile Industry
- Pipes, Wires, & Cables
- Tobacco Industry
- Packing Industry
- Others
Inkjet Coders
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Middle East & Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com