Inkjet Coder Market Expected to Reach $3.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Inkjet Coder Market," The inkjet coder market size was valued at $2 billion in 2022, and is estimated to reach $3.3 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.

The inkjet coding systems can be integrated into production lines or standalone units, depending on the specific requirements of the industry and application. Inkjet coders can print on almost any material, including paper, plastic, cable, wire, metallic items, resin, glass, and others. Inkjet coding is commonly used to print barcodes, batch codes, expiration dates, and others. 1D and 2D barcodes, alphanumeric text, and graphics can all be printed with inkjet coders.

The increasing regulatory requirements associated with product tracking and the supply chain are the key factors driving the growth of the worldwide inkjet coder market. Pharmaceutical businesses are under increasing pressure to implement security practices that comply with changing requirements while also combating fraud and counterfeiting. Coding and labeling with overt and covert security inks make identifying counterfeit products easier for brand managers and regulators. Level 1 security printing appears clearly or tactilely on packaging or labeling. Visible fluorescent inks can be used for direct coding or as part of complex label designs. Level 2 printing uses invisible inks or inks with special formulas for increased security. In the case of taggant inks, verification and validation entail the use of UV lights, infrared readers, or calibrated readers. Improving inkjet printing technology and ink security is critical for reducing the dangers associated with compromised products, which may mislead and damage consumers and businesses. Therefore, there is an increased in demand for advanced inkjet printing technology and inks to increase security measures and protect the authenticity and integrity of products.

The inkjet coder market is highly competitive, with continuous advancements in technology and the introduction of new coding solutions. Manufacturers need to keep up with the latest trends and innovations to stay competitive. Rapid technological changes can sometimes render existing inkjet coders obsolete or less desirable, requiring businesses to invest in new equipment to stay up to date. While inkjet coders are versatile and can print on various substrates, some challenging surfaces may require additional treatments or specialized inks. Highly porous or uneven surfaces, as well as certain types of packaging materials, may pose difficulties for inkjet coders, impacting print quality and legibility.

The advent of Industry 4.0 and the Internet of Things (IoT) opens opportunities for inkjet coders to be seamlessly integrated into connected manufacturing environments. Inkjet coders have the potential to expand their capabilities beyond traditional coding and marking. For example, advancements in ink formulations and print head technologies can enable the printing of complex barcodes, high-resolution graphics, and even functional coatings on products. Exploring and developing new applications and features can differentiate inkjet printer and open new market opportunities. There is a growing emphasis on sustainability and eco-friendly practices across industries. Inkjet coder manufacturers can capitalize on this trend by developing eco-friendly inks and consumables, reducing waste generation, and improving energy efficiency. The expansion of e-commerce, package coding solutions must be effective and of the highest calibre. To encourage customer involvement, precise tracking, and brand awareness, inkjet coders can apply readable and clear coding to various types of e-commerce packaging materials. There is a substantial opportunity for product coder makers to serve this packaging product as the e-commerce business grows. These factors are anticipated to boost inkjet coder market growth. 

The inkjet coder market share is segmented on the basis of type, end user, and region. By type, it is classified into continuous inkjet coder, drop on demand inkjet coder, thermal inkjet coder, and others. By end user, it is classified into the food industry, pharmaceutical industry, cosmetic industry, wires, cables, and pipes, automobile industry, packing industry, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The inkjet coder market analysis key players profiled in the inkjet coder market report include ANSER CODING INC, Hitachi Industrial Equipment Systems Co.,Ltd, Markem-Imaje S.A, Videojet Technologies Inc, Domino Printing Sciences Plc, Control Print Limited, Shanghai Rottweil Handyware Printing Technology Co., Ltd, Xaar Plc, MapleJet, and Linx Printing Technologies.

The report offers a comprehensive analysis of the global inkjet coder market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Inkjet Coder Industry

• Demand for inkjet coders decreased during the COVID-19 pandemic due to supply chain interruptions, fewer production operations, and lesser expenditures on new equipment.
• Various industries were affected differently by the pandemic. While some industries such as food & beverages, pharmaceuticals, and personal care products experienced an increase in demand, others like automotive, aerospace, and certain non-essential consumer goods faced a decline. The varying impact on different industries influenced the demand for inkjet coders across the sectors.
• In the initial stages of the pandemic, many businesses faced uncertainties and reduced production activities due to lockdowns and restrictions. This temporary slowdown in manufacturing and packaging operations impacted the inkjet coder market as well, with a decrease in demand during that period.
• The inkjet coder market is likely to recover as economies progressively recover and companies adapt to the new normal, driven by the need for effective coding and marking solutions across various sectors.

Key Findings of the Study

• Based on type, the continuous inkjet coder sub-segment emerged as the global leader in 2022 and the thermal inkjet coder sub-segment is anticipated to be the fastest-growing during the forecast period.
• Based on end user, the food industry sub-segment emerged as the global leader in 2022 and the pharmaceutical industry sub-segment is predicted to show the fastest growth in the upcoming years.
• Based on region, Europe registered the highest market share in 2022 and is projected to maintain its position during the forecast period.