Inkjet Marking Coding Machine Market Size, Share, Growth, and Industry Analysis, By Type (CIJ and DOD), By Application (Foods & Dink, Pharmaceutical, and Others), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

INKJET MARKING CODING MACHINES MARKET REPORT OVERVIEW

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The global inkjet marking coding machines market size was USD 2632.5 million in 2020 and the market is projected to touch USD 5325.56 million by 2031, exhibiting a CAGR of 7.3% during the forecast period.

Inkjet marking coding is a non-contact printing technology widely employed for product identification and traceability across various industries. In this method, tiny droplets of ink are expelled through a printhead onto a substrate, forming characters, numbers, barcodes, or graphics. The versatility of inkjet coding allows for high-speed printing on diverse surfaces, including packaging materials, metals, plastics, and textiles. It is commonly used in applications such as expiration date printing, batch coding, and product labeling.

The technology's advantages lie in its ability to provide clear, high-resolution prints, easy integration into production lines, and adaptability to dynamic manufacturing environments. Manufacturers often opt for inkjet marking coding due to its efficiency, accuracy, and the capacity to meet regulatory requirements for product information. As industries increasingly prioritize automation and digitalization, inkjet coding systems play a pivotal role in enhancing production efficiency, minimizing errors, and ensuring compliance with stringent quality control standards.

COVID-19 Impact: Market Growth Boosted by Pandemic due to Digital Transformation Acceleration

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-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.

Non-essential industries, such as automotive and certain manufacturing sectors, experienced slowdowns or temporary closures during lockdowns. This slowdown could have led to reduced demand for inkjet marking coding systems in those specific segments. Travel restrictions and lockdown measures made it challenging for technicians to install, maintain, or provide on-site support for inkjet coding systems. This could have affected the deployment and operational efficiency of these systems in some instances.

Essential industries such as food and pharmaceuticals experienced increased demand during the pandemic. This surge in production and packaging activities likely led to a higher demand for inkjet marking coding systems to ensure accurate labeling and traceability. The need for remote operations and increased efficiency accelerated the adoption of digital technologies, including inkjet marking coding systems. Manufacturers seeking more flexible and digitally integrated solutions may have expedited their transition to advanced coding technologies during the pandemic. The inkjet marking coding machines market growth is anticipated to boost following the pandemic.

LATEST TRENDS

"Advancements in Ink Technologies to Drive Market Growth"

Continuous developments in ink formulations have been a focus, addressing specific requirements such as fast drying times, adherence to different surfaces, and improved color options. UV-curable and solvent-based inks continue to evolve, providing better performance in terms of print quality and durability. Inkjet coding systems are advancing in terms of printing speed and precision. High-speed production lines demand efficient and accurate coding solutions, and manufacturers are responding by improving printhead technologies and ink delivery systems.

Inkjet marking coding systems have been increasingly integrated with Industry 4.0 principles and the Internet of Things (IoT). This integration allows for real-time data exchange, remote monitoring, and predictive maintenance, enhancing overall operational efficiency. Manufacturers are developing inkjet coding systems with enhanced customization features, allowing users to tailor codes for specific applications. This includes the ability to print high-quality alphanumeric codes, barcodes, graphics, and variable data on various substrates.

INKJET MARKING CODING MACHINES MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into CIJ and DOD.

CIJ is a non-contact printing technology that propels small droplets of ink continuously through a printhead. The ink stream is broken into droplets, and a deflection system directs individual droplets onto the substrate, forming characters, numbers, or images. CIJ is commonly used for high-speed printing on various surfaces, including packaging materials, glass, plastics, and metals. It is versatile and suitable for applications that require rapid and consistent printing, such as product coding, expiration date marking, and lot number printing. DOD technology releases ink droplets from the printhead only when required. The ink is selectively deposited on the substrate to create the desired text or image. There are two main types of DOD systems: binary (ink is either ejected or not) and grayscale (variable droplet size for different shades).

• By Application

Based on application the global market can be categorized into foods & dink, pharmaceutical, and others.

Inkjet printers are used to print expiration dates and batch codes on food and beverage packaging. This is crucial for ensuring product freshness and traceability. Inkjet printers are used to apply serial numbers, barcodes, and 2D data matrix codes on pharmaceutical packaging. This aids in serialization and enables efficient tracking and tracing of products throughout the supply chain Pharmaceutical products often require precise dosage instructions, and inkjet printing ensures that this information is clearly and accurately presented on packaging. In both industries, the choice between continuous inkjet (CIJ) and drop-on-demand (DOD) technologies depends on specific application requirements, such as print resolution, speed, and the nature of the substrates being marked. These technologies contribute to the efficiency, accuracy, and compliance of labeling and coding processes in the food and pharmaceutical sectors.

DRIVING FACTORS

"Product Traceability to Boost the Market"

Increasing emphasis on supply chain traceability is a significant driver. Inkjet marking coding enables the application of unique identification codes, barcodes, and other information on products, facilitating easy tracking throughout the supply chain. Stringent regulations in industries such as food, pharmaceuticals, and electronics require accurate and legible product coding for traceability, safety, and adherence to quality standards. Inkjet marking coding ensures compliance with these regulatory requirements.

"Increased Production Efficiency to Expand the Market"

The high-speed capabilities of inkjet marking coding systems contribute to increased production efficiency. These systems can integrate seamlessly into production lines, providing rapid and accurate coding without causing bottlenecks. Industries such as manufacturing, food processing, and pharmaceuticals use inkjet marking coding to apply batch and lot codes. This is crucial for tracking and managing inventory, identifying production batches, and implementing recalls if necessary. Inkjet marking coding is versatile and can be applied to a wide range of substrates, including paper, plastic, metal, glass, and more. This adaptability makes it suitable for diverse industries with different packaging materials.

RESTRAINING FACTOR

"Substrate Compatibility to Potentially Impede Market Growth"

The effectiveness of inkjet marking coding can be influenced by the type of substrate being marked. Some inks may not adhere well to certain materials, affecting code legibility and durability. Specialized substrates or challenging surfaces may require additional considerations. The drying time of inkjet inks may be a limitation, especially in high-speed production environments. If the ink doesn't dry quickly enough, it can lead to smudging or transfer issues, particularly in applications with rapid production cycles. While inkjet technology has advanced significantly, achieving high print resolution and quality on certain materials or at high speeds can still be a challenge. This may be a consideration for applications requiring extremely fine details or demanding print quality.

INKJET MARKING CODING MACHINES MARKET REGIONAL INSIGHTS

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"North America to Dominate the Market due to Manufacturing Hubs "

North America has emerged as the most dominant region in the global inkjet marking coding machines market share due to several factors. This region often have diverse industrial sectors, including food and beverage, pharmaceuticals, and electronics, where inkjet coding is widely used. Economic growth and industrialization in certain regions may lead to increased adoption of advanced manufacturing technologies, including inkjet marking coding. Emerging economies experiencing rapid industrial growth may contribute to the market share.

KEY INDUSTRY PLAYERS

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

The inkjet marking coding machines market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features in cloth wardrobes, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Videojet [U.S.]
• Markem-Imaje [France]
• Domino Printing Sciences [U.K.]
• Weber Marking [U.S.]
• Hitachi Industrial Equipment Systems [Japan]

INDUSTRIAL DEVELOPMENT

January 2021: Videojet Technologies Inc took significant strives ahead in the inkjet marking coding market. They recently developed Videojet 1580 Continuous Inkjet Printer. The Videojet 1580 Continuous Inkjet Printer is designed for high-speed production environments, offering reliable and efficient coding on various surfaces. It is known for its advanced features, including an intuitive user interface, clean operation, and the ability to handle a wide range of applications, such as product coding, date and batch coding, and variable information printing.

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.