Inkjet Coding Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Small Character Inkjet Printer, Large Character Inkjet Printer, High Resolution Inkjet Printer), By Application (Food and Beverage, Pharmaceutical and Healthcare, Construction and Chemicals, Electronics, Others) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

INKJET CODING EQUIPMENT MARKET REPORT OVERVIEW

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The global inkjet coding equipment market size was USD 1768.9 million in 2022 and will touch USD 2276 million by 2028, exhibiting a CAGR of 4.3% during the forecast period.

The Inkjet Coding Equipment Market has witnessed substantial growth in recent years, driven primarily by the burgeoning demand for efficient and high-quality coding and marking solutions across various industries. Inkjet coding equipment finds extensive applications in packaging, manufacturing, food and beverage, pharmaceuticals, and other sectors where product identification, traceability, and branding are crucial. The market is propelled by factors such as increasing consumer awareness regarding product authenticity and safety, stringent government regulations mandating clear labeling, and the need for manufacturers to streamline their production processes.

Manufacturers are increasingly focusing on developing eco-friendly ink formulations and energy-efficient printing systems to minimize their carbon footprint and meet sustainability goals. Additionally, the market is witnessing a shift towards integrated coding and marking solutions that offer greater flexibility, scalability, and automation to meet the evolving needs of modern production environments. With the rapid globalization of supply chains and the growing emphasis on product serialization and track-and-trace capabilities, inkjet coding equipment is poised to play a pivotal role in ensuring product safety, regulatory compliance, and brand integrity across diverse industries. Overall, the inkjet coding equipment market is projected to experience continued growth as companies prioritize efficient coding and marking solutions to meet the evolving demands of a dynamic marketplace.

COVID-19 Impact: Market Growth Restrained by Pandemic Due to Disruptions In Supply Chains

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The inkjet coding equipment market, like many other sectors, faced unprecedented challenges due to the global Covid-19 pandemic. The initial outbreak led to widespread disruptions in supply chains, manufacturing activities, and logistics, causing a significant slowdown in market growth. However, as industries gradually adapted to the new normal, the demand for inkjet coding equipment witnessed a resurgence, driven by the need for efficient product identification and traceability solutions in various sectors. Despite the initial setbacks, the market demonstrated resilience and exhibited promising signs of recovery as businesses increasingly prioritized automation and digitization to streamline operations and ensure compliance with evolving regulations.

LATEST TRENDS

"Integration of IoT Technology to Drive Market Growth"

One prominent trend shaping the inkjet coding equipment market is the integration of Internet of Things (IoT) technology. Manufacturers are increasingly incorporating IoT capabilities into inkjet printers to enable real-time monitoring, remote diagnostics, and predictive maintenance. This trend aligns with the growing emphasis on Industry 4.0 initiatives, where interconnected devices and data-driven insights are driving operational efficiency and productivity gains across industries. By leveraging IoT-enabled inkjet coding equipment, businesses can optimize production processes, minimize downtime, and enhance overall equipment effectiveness.

INKJET CODING EQUIPMENT MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Small Character Inkjet Printer, Large Character Inkjet Printer, High Resolution Inkjet Printer.

• Small Character Inkjet Printer: Small character inkjet printers are widely used for high-speed printing of alphanumeric codes, barcodes, and graphics on various substrates such as packaging materials, labels, and products. These printers offer exceptional versatility, precision, and reliability, making them ideal for applications in industries such as food and beverage, pharmaceuticals, and cosmetics.

• Large Character Inkjet Printer: Large character inkjet printers are specifically designed for printing bold, legible characters on primary and secondary packaging in industries such as agriculture, chemicals, and building materials. These printers excel in marking cartons, corrugated boxes, pallets, and other bulky items, catering to the diverse needs of manufacturers and logistics providers.

• High-Resolution Inkjet Printer: High-resolution inkjet printers are renowned for their ability to produce superior-quality, high-resolution prints suitable for demanding applications such as product labeling, serialization, and brand promotion. With advanced printing technologies and variable data capabilities, these printers are indispensable in industries requiring exceptional print clarity and image fidelity, including electronics, automotive, and pharmaceuticals.

By Application

Based on application the global market can be categorized into Food and Beverage, Pharmaceutical and Healthcare, Construction and Chemicals, Electronics, Others.

• Food and Beverage: In the food and beverage industry, inkjet coding equipment plays a critical role in ensuring product safety, authenticity, and compliance with regulatory standards. From date coding on perishable goods to printing batch numbers on packaging labels, inkjet printers help manufacturers maintain traceability throughout the supply chain, safeguarding consumer health and brand reputation.

• Pharmaceutical and Healthcare: In the pharmaceutical and healthcare sectors, inkjet coding equipment is indispensable for marking pharmaceutical packaging, medical devices, and healthcare products with essential information such as expiration dates, lot numbers, and dosage instructions. By enabling accurate serialization and anti-counterfeiting measures, inkjet printers contribute to patient safety and regulatory compliance in highly regulated environments.

• Construction and Chemicals: In the construction and chemicals industry, inkjet coding equipment is utilized for product identification, branding, and compliance labeling on a wide range of materials, including containers, pipes, and construction components. Whether marking building materials with product specifications or printing safety warnings on chemical containers, inkjet printers facilitate effective communication and risk management in hazardous environments.

• Electronics: In the electronics sector, inkjet coding equipment is employed for marking electronic components, circuit boards, and consumer electronics with essential information such as serial numbers, barcodes, and product specifications. With the increasing demand for traceability and counterfeit prevention in electronic manufacturing, inkjet printers play a crucial role in ensuring product authenticity and supply chain integrity.

• Others: Beyond the aforementioned industries, inkjet coding equipment finds applications in various sectors such as cosmetics, automotive, textiles, and logistics, where product identification, branding, and regulatory compliance are paramount. Whether printing logos on promotional merchandise or marking shipping labels with tracking information, inkjet printers offer versatile and cost-effective solutions for diverse marking and coding requirements.

DRIVING FACTORS

"Product Traceability to Boost the Market"

The growing emphasis on product traceability, brand protection, and regulatory compliance is driving the demand for inkjet coding equipment across industries. With stringent quality standards and heightened consumer awareness, manufacturers are investing in advanced printing solutions to ensure product authenticity, enhance supply chain visibility, and mitigate risks associated with counterfeiting and product recalls.

"Expanding Applications to Expand the Market"

The expanding applications of inkjet coding equipment in emerging sectors such as e-commerce, personalized packaging, and industrial automation are bolstering market penetration and driving revenue growth for key players. By offering innovative features such as variable data printing, digital connectivity, and cloud-based management, inkjet printers are gaining traction in diverse end-user segments, strengthening their market position and competitive advantage.

RESTRAINING FACTORS

"Intensifying Competition to Potentially Impede Market Growth"

Despite the favorable market dynamics, the inkjet coding equipment industry faces challenges such as intensifying competition, pricing pressures, and technological disruptions. As market saturation increases and barriers to entry diminish, manufacturers are under pressure to differentiate their products through innovation, quality, and value-added services to sustain the inkjet coding equipment market growth and profitability in a highly competitive landscape.

INKJET CODING EQUIPMENT MARKET REGIONAL INSIGHTS

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"Asia Pacific’s Rapid Industrialization to Bolster the Market Growth "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa

The Asia Pacific region, led by countries such as China, India, and Japan, is witnessing robust growth in the inkjet coding equipment market due to rapid industrialization, urbanization, and expansion of manufacturing sectors. With increasing investments in infrastructure development, consumer goods production, and pharmaceutical manufacturing, the region presents lucrative opportunities for inkjet printer manufacturers to expand their presence and capture the inkjet coding equipment market share.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Within the dynamic inkjet coding equipment market, key industry players are driving innovation, shaping market trends, and catalyzing industry growth through strategic initiatives and technological advancements. These leading players exhibit a deep understanding of market dynamics, customer requirements, and emerging opportunities, enabling them to stay ahead of the curve and maintain their leadership positions in a rapidly evolving landscape. By leveraging their expertise, resources, and collaborative partnerships, these key players are poised to fuel expansion and unlock new avenues for growth in the inkjet coding equipment market.

List of Market Players Profiled

• Brother (Japan)
• Danaher (U.S.)
• Dover (U.S.)
• ITW (U.S.)
• Hitachi Industrial Equipment (Japan)
• ID Technology LLC (U.S.)
• Matthews Marking Systems (U.S.)
• KGK (Japan)
• KBA-Metronic (Germany)
• Squid Ink (U.S.)
• EC-JET (China)
• Paul Leibinger (Germany)
• REA JET (Germany)
• Control print (India)
• Kinglee (China)
• Weber Marking (U.S.)
• Zanasi (Italy)
• Ebs Ink Jet Systeme (Germany)
• Anser Coding (Taiwan)
• Beijing Hi-Pack Coding (China)

INDUSTRIAL DEVELOPMENT

July 2023: Emphasis on modular and customizable printer configurations to meet the diverse needs of different users. Allows users to choose individual components like printheads, ink cartridges, and communication modules based on specific needs. Systems can be easily expanded or adapted to handle changing production demands or incorporate new coding requirements.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.