Global Inkjet Coder Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
An inkjet coder is a printing device utilized in various industries to mark or code products and packaging materials with alphanumeric characters, symbols, barcodes, and other information. It operates by ejecting tiny droplets of ink onto the surface of the substrate, creating the desired marks. The inkjet coders are widely used for printing expiration dates, batch numbers, serial numbers, logos, and other essential information required for identification, tracking, and branding purposes.

Sizing and Forecast
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 growth in the historic period can be attributed to regulatory compliance, cost efficiency, globalization, industry adoption, and  environmental concerns.

The inkjet coder market size is expected to see strong growth in the next few years. It will grow to $3.00 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%.  The growth in the forecast period can be attributed to industry 4.0 integration, customization demand, emerging markets, and e-commerce growth. Major trends in the forecast period include high-resolution printing, integration of AI, augmented reality (AR) support, water-based inks, and cloud connectivity.

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Segmentation & Regional Insights
The inkjet coder market covered in this report is segmented –

1) By Type: Continuous Inkjet (CIJ) Coder, Drop On Demand (DOD) Inkjet Coder, Thermal Inkjet (TIJ) Coder, Other Types
2) By Material: Plastics, Metals, Ceramics
3) By End Users: Food Industry, Medical Application, Cosmetic Industry, Automobile Industry, Pipes, Wires And Cables, Tobacco Industry, Packing Industry, Other End Users

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.

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Major Driver Impacting Market Growth
The rapid expansion of the retail sector is expected to propel the growth of the inkjet coder market going forward. The retail industry encompasses businesses selling goods or services directly to consumers for personal or household use. The expansion of the retail sector is due to technological advancements, changing consumer preferences, globalization, and urbanization. The inkjet coders play a crucial role in marking products and packaging with essential information for inventory management, tracking, and compliance with regulations. It ensures accurate labeling, complies with regulations, enhances brand visibility, and improves operational efficiency in inventory and product traceability management. For instance, in April 2024, according to the House of Commons Library, a UK-based government body, the retail sector contributed $ 140.96 billion (£112.9 billion) to the UK's total economic output in 2023, representing 4.9% of the nation's economy and reflecting a 2.5% growth from the previous year. Therefore, the rapid expansion of the retail sector is driving the growth of the inkjet coder market.

Key Industry Players
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

The inkjet coder market report table of contents includes

1. Executive Summary
2. Inkjet Coder Market Characteristics
3. Inkjet Coder Market Trends And Strategies
4. Inkjet Coder Market - Macro Economic Scenario
5. Global Inkjet Coder Market Size and Growth
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31. Global Inkjet Coder Market Competitive Benchmarking
32. Global Inkjet Coder Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Inkjet Coder Market
34. Inkjet Coder Market Future Outlook and Potential Analysis
35. Appendix

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