Inkjet Marking Equipment Market Report Overview
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The global inkjet marking equipment market size is USD 2815.3 million in 2022 and is projected to touch USD 4055 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.
An inkjet marking equipment is a kind of printing press that prints text, graphics, or images onto paper using an inkjet head. Small ink droplets are sprayed onto the paper by the inkjet head, and after that, impressions are made by pressing a metal plate on the paper. In comparison to other types of printers, inkjet printers are quick, effective, and inexpensive. They are also adaptable and useful for a wide range of tasks, including printing labels on goods or documents.
COVID-19 Impact: Pandemic Disrupted Supply Chain to Impede Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with inkjet marking experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The market for inkjet marking equipment was severely impacted by the COVID-19 pandemic. The supply of raw materials and the movement of completed goods were impacted by the lockdowns that were enacted around the world as a precaution to stop the virus's spread. The supply of the inks used in marking equipment was also impacted by the temporary closure of plants in China.
LATEST TRENDS
"Technological Advancements to Advance Market Share"
Over the forecast period, improvements in software and technology to regulate mechanical systems, the thickness of the ink, and avoid print head stumbling are anticipated to play a significant role in promoting the adoption of the newest coding and marking tools. In 2020, the continuous inkjet (CIJ) printer segment dominated the market, and this trend is anticipated to hold true throughout the forecast period. Continuous inkjet printers' simplicity of use, increased versatility, and fast printing are positive factors for the segment's expansion.
Inkjet Marking Equipment Market Segmentation
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- By Type Analysis
Based on type, the market is subdivided into CIJ and DOD.
- By Application Analysis
Based on the applications, the market is subdivided into Food & Beverage, Pharmaceutical and Healthcare, and Others.
DRIVING FACTORS
"Supply Chain Traceability to Amplify Market Share"
Product visibility and supply chain traceability can both be enhanced by marking and labeling. By guaranteeing a product's authenticity and freshness to customers, they also help to create and sustain brand image. Vendors now use marking and tagging to track customer behavior and develop customized marketing strategies.
"Increasing Demand from End-Use Sector to Foster Market Growth"
The expansion can be due to the rising demand from various end-use sectors for inkjet marking equipment market growth. The need for individualized and customized items is also a factor in this market's expansion. Equipment for coding and labeling products is used in the food and beverage sector to provide product-specific information. The price, production date, batch number, expiration date, shelf life, ingredients, and industry certifications of the product are all often marked and coded using barcodes, QR codes, and 2D codes.
RESTRAINING FACTORS
"High Capital Expenditure to Restrain Market Growth"
The expansion of this sector is being constrained by costly installation and maintenance expenses. But during the course of the projected period, a significant market limitation is anticipated to be the high capital expenditure needed for the implementation of coding and marking equipment. Particularly small organizations and enterprises lack the infrastructure and financial resources needed to adopt coding and marking technology.
Inkjet Marking Equipment Market Regional Insights
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"Increasing Foreign Investment to Foster Growth in Asia Pacific"
Asia Pacific region had the largest revenue for inkjet marking equipment market share. The rising demand from a variety of application industries, including the pharmaceutical, electronic, and other industries, the region is anticipated to maintain its dominance over the projection period. Due to increasing foreign investment and government backing for industrial development, China is expected to be a significant country driving growth in this region.
North America dominated the market for inkjet marking equipment and it is anticipated that it will continue to do so during the projected period. Numerous application industries, including the wine and pharmaceutical industries, are driving up demand in the region.
KEY INDUSTRY PLAYERS
"Prominent Players Contributing in Market Growth"
The report covers the information on the advancement outlooks with new inventions and SWOT analysis. The competitive landscape including market share of major players, along with the new research methodologies and strategies adopted by players for the forecasted period is listed in the report.
List of Market Players Profiled
- Videojet (U.S.)
- Markem-Imaje (Switzerland)
- Domino (U.S.)
- Weber Marking (Germany)
- Hitachi (Japan)
- Keyence (Japan)
- Linx (U.K.)
- Zanasi (Italy)
- ITW (U.S.)
- Koenig & Bauer (Germany)
- Kishu Giken Kogyo (Japan)
- Leibinger (Germany)
- Ebs Ink Jet Systeme (U.S.)
- Iconotec (U.K.)
- ID Technology (U.S.)
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 2815.3 Million in 2022 |
Market Size Value By |
US$ 4055 Million by 2028 |
Growth Rate |
CAGR of 6.3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the inkjet marking equipment market expected to touch by 2028?
The global inkjet marking equipment market is expected to touch USD 4055 million by 2028.
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What CAGR is the inkjet marking equipment market expected to exhibit by 2028?
The inkjet marking equipment market is expected to exhibit a CAGR of 6.3% by 2028.
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What are the driving factors of the inkjet marking equipment market?
Supply chain traceability and increasing demand from end-use sectors are the driving factors of the market.
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Which are the top companies operating in the inkjet marking equipment market?
Videojet, Markem-Imaje, Domino, Weber Marking, Hitachi, Keyence, Linx, Zanasi, ITW, Koenig & Bauer, Kishu Giken Kogyo, Leibinger, Ebs Ink Jet Systeme, Iconotec, ID Technology are the companies operating in the market.
