Inkjet Coders Market Size, Share, Growth Analysis, By Product(Continuous Inkjet Coders (CIJ), Drop-on-Demand Inkjet Coders (DOD), and Others), By End-User(Food and Beverage Pharmaceuticals, Packaging, Manufacturing, and others.), By Ink(Solvent-Based Inks, Water-Based Inks, UV-Curable Inks, and Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2165 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 79

Inkjet Coders Market Regional Insights

North America has historically dominated the inkjet coders market due to developed industrial sectors, stringent labeling regulations, and high demand for product traceability and branding. North America, in particular, has seen significant adoption of inkjet coding solutions in industries such as food and beverage, pharmaceuticals, and packaging.

Moreover, the Asia-Pacific region, particularly emerging economies within it, was a strong contender for being the fastest-growing region in the inkjet coders. Many countries in Asia-Pacific have been experiencing rapid industrialization and expansion of manufacturing sectors. Some countries in Asia-Pacific have been implementing more stringent regulations related to product labeling, traceability, and product safety. Compliance with these regulations necessitates the use of inkjet coders.

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Inkjet Coders Market size was valued at USD 1.63 Billion in 2022 and is poised to grow from USD 1.71 Billion in 2023 to USD 2.64 Billion by 2031, at a CAGR of 5.52% during the forecast period (2024-2031).

The competitive environment in the inkjet encoder market is dynamic, with companies and others constantly innovating and expanding their product offerings to meet the demands of various industries. Increasing customer demands, technological advances, and regulatory changes as companies strive to provide efficient and high-quality coding and labeling solutions. 'Domino Printing Sciences', 'Videojet Technologies', 'Markem-Imaje', 'Linx Printing Technologies', 'Leibinger GmbH & Co. KG', 'Citronix', 'CAB - Coding Automations GmbH', 'Hitachi Industrial Systems', 'EBS Inkjet Systems', 'REA JET GmbH', 'InkJet Inc.', 'HSA Systems', 'Continuous Inkjet Systems', 'Inkjet Integration Systems', 'Codoprint Systems', 'Industrial Inkjet Systems', 'Squid Ink Mfg., Inc.', 'Matthews International Corporation', 'Norwood Marking Systems', 'Marsh Marking Systems, Inc.', 'Bell-Mark', 'Allen Coding Systems', 'ITW Marking & Coding'

Increasingly stringent regulations, particularly in industries such as food, pharmaceuticals, and packaging, drive the demand for inkjet coders to ensure accurate and compliant product labeling. The need for enhanced product traceability to track and verify the origin and authenticity of goods, especially in the food and pharmaceutical sectors, fuels the adoption of inkjet coders for serialization and track-and-trace purposes.

Rising Consumer Awareness and increased use of clean label products: A growing trend towards eco-friendly and sustainable inkjet coding solutions. This includes using non-toxic, water-based, and UV-curable inks and reducing packaging waste. Inkjet coders are increasingly adopting digital printing technologies that offer high-resolution printing and the ability to produce variable data, barcodes, and QR codes to meet the demands of e-commerce and personalization.

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Inkjet Coders Market Regional Insights

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