Inkjet Coder Global Market Report 2024

The inkjet coder market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.11 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The increase during the historical period can be attributed to regulatory compliance, cost-effectiveness, globalization, industry acceptance, and environmental considerations.

The inkjet coder market size is expected to see strong growth in the next few years. It will grow to $3.0 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The anticipated growth in the forecast period can be linked to the integration of Industry 4.0, increasing demand for customization, the emergence of new markets, and the expansion of e-commerce. Significant trends expected during this period include high-resolution printing, AI integration, support for augmented reality (AR), the use of water-based inks, and enhanced connectivity through cloud services.

The inkjet coder market is poised for significant growth due to the rapid expansion of the retail sector. This growth is driven by various factors such as technological advancements, evolving consumer preferences, globalization, and urbanization. In the retail industry, which involves selling goods or services directly to consumers for personal or household use, inkjet coders play a crucial role in marking products and packaging with essential information. This information is vital for inventory management, tracking, and compliance with regulations, ensuring accurate labeling, enhancing brand visibility, and improving operational efficiency in inventory and product traceability management. For example, in April 2024, the retail sector contributed $ 140.96 billion (£112.9 billion) to the UK's total economic output, representing 4.9% of the nation's economy and reflecting a 2.5% growth from the previous year, according to the House of Commons Library, a UK-based government body.

Major companies in the inkjet coder market prioritize the development of advanced inkjet coders featuring Touch Dry inks to improve efficiency and customer experiences. Touch Dry ink is formulated to quickly dry upon contact with the substrate, enabling fast printing without smudges or smears. For example, in January 2022, Markem-Imaje Corporation, a Swiss company specializing in industrial printing and packaging, launched the 5940 G Touch Dry high-resolution inkjet coder. This coder uses Markem-Imaje's exclusive Touch Dry inks, drying instantly upon contact and eliminating the need for drying time. This ensures the ink is fully cured before products are packaged or shipped. Moreover, the odorless inks used are suitable for food and pharmaceutical packaging, ensuring cleanliness and hygiene. They also enable precise printing on various surfaces such as polystyrene for frozen foods, shrink wrap for pallet shipments, and porous materials such as fabrics and non-woven materials used in medical products such as masks, gowns, and diapers. Operating smoothly in temperatures ranging from 32°F to 104°F (0°C-40°C), this system offers versatile performance across different environments.

In March 2023, Control Print Limited, an India-based provider of coding and marking solutions, acquired Codeology Group Ltd for $1.25 million (£1 million). Through this acquisition, Control Print Limited aims to introduce Codeology's Print and Apply systems to the Indian market. Codeology Group Ltd, based in the UK, specializes in manufacturing inkjet coders and printers.

Major companies operating in the inkjet coder market are Videojet Technologies Inc., Dover Corporation, Koenig & Bauer AG, Domino Printing Sciences plc, Mrkem-Imaje S.A, Diagraph, Xaar plc, Linx Printing Technologies, Shanghai Rottweil Handyware Printing Technology Co. Ltd, Weber Marking Systems GmbH, Hitachi Industrial Equipment & Solutions America LLC, Control print Ltd., ID Technology LLC., Elmark Packaging, Squid Ink Manufacturing Inc., KGK Jet India., Needham Coding Ltd., FoxJet, Anser Coding Inc, Iconotech.

Europe was the largest region in the inkjet coder market in 2023. The regions covered in the inkjet coder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the inkjet coder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An inkjet coder is a printing tool employed across various industries to label products and packaging materials with alphanumeric characters, symbols, barcodes, and other data. It functions by expelling small droplets of ink onto the substrate's surface, thereby creating the desired markings. Inkjet coders find extensive use in imprinting expiration dates, batch numbers, serial numbers, logos, and other vital information necessary for identification, tracking, and branding purposes.

The primary inkjet coder types include continuous inkjet (CIJ) coders, drop on demand (DOD) inkjet coders, thermal inkjet (TIJ) coders, and others. Continuous Inkjet (CIJ) coding employs a non-contact printing method to mark products continuously with a stream of ink droplets. This technology is utilized for a wide range of materials such as plastics, metals, ceramics, and is utilized across industries such as food, medical, cosmetics, automotive, pipes and cables, tobacco, packaging, among others.

The inkjet coder research report is one of a series of new reports that provides inkjet coder market statistics, including the inkjet coder industry's global market size, regional shares, competitors with an inkjet coder market share, detailed inkjet coder market segments, market trends and opportunities, and any further data you may need to thrive in the inkjet coder industry. This inkjet coder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The inkjet coder market consists of sales of piezoelectric inkjet, binary inkjet, continuous inkjet with valve jet technology, and hybrid inkjet systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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