Inkjet Marking Machine Market Size, Share, Growth, and Industry Analysis by Type (Fully Automatic Type, Semi-Automatic Type & Manual Type), By Application (Pharmaceutical Packaging, Wine Packaging, Architectural Pottery, Beverage Packaging, Craft Gift, Electronic Components & Others), Regional Insights, and Forecast To 2030

Updated On: 22 April 2024

Inkjet Marking Machine Market REPORT OVERVIEW

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The global inkjet marking machine market size was USD 2632.5 million in 2022. As per our research, the market is expected to reach USD 4055 million in 2029, exhibiting a CAGR of 6.3% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with inkjet marking machine experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A printing equipment known as an inkjet marking machine employs inkjet technology to make marks or print text, graphics, or images on a variety of surfaces, including paper, plastic, metal, or other materials. To create the appropriate markings, small droplets of ink are launched onto the surface under the supervision of a computer system. They are frequently employed in sectors for packaging, product labelling, coding, and other tasks where non-contact printing is desirable. They have a high resolution, are adaptable, and effectively manage changeable data.

These devices are used for a variety of tasks, including product labelling, coding, and marking on a variety of surfaces and materials. The market consists of producers, sellers, and consumers from a variety of sectors, such as the food and beverage, pharmaceutical, manufacturing, and packaging industries. On materials used for packaging, such as bottles, cartons, and pouches, they are used to print product labels. These devices are used to accurately track and trace products by printing batch numbers, manufacturing dates, and expiration dates on them.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The COVID-19 outbreak caused unstable markets, a drop in consumer confidence, and problems with import and export commerce for producers of machinery and equipment. Markets were shuttered as a result of the lockdown, and many people stayed inside. Supply chain breaches, stock market inefficiencies, and vendor instability are the result of this evolution. The market as a whole was impacted by the shutdown of the machinery and equipment industry. Because there was no longer a market for the product, it has become obsolete as those markets closed. In order to maintain stability amidst the disruptions, organizations were forced to redesign their entire operational structures as a result of the pandemic. The financial imbalance brought on by the closure of numerous stores and significant sectors was the primary factor that distorted the entire market. In addition, the outbreak has a negative impact on the business operations of the enterprises, which affects the market as a whole. The inkjet marking machine industry has been somewhat impacted by this.

LATEST TRENDS

"Product Traceability to Boost the Market Growth"

The increased demand for product traceability in the inkjet marking machine industry is driven by several factors, primarily focused on ensuring consumer safety, regulatory compliance, and supply chain efficiency. Traceability enables producers to track the raw materials and components utilized in the creation of products as well as the full production process. As a result, there is a lower chance of contamination or flaws, helping to assure product quality and safety. Strict laws governing product labelling and traceability apply to a wide range of businesses, including pharmaceuticals, food and beverage, and food and beverage processing. In order to comply with these rules, it is critical to print important details such as expiration dates, lot numbers, and batch codes. The market is anticipated to grow as a result. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the increased demand for product traceability will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.  

Inkjet Marking Machine Market SEGMENTATION

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• By Types 

Based on type, the market is classified into fully automatic type, semi-automatic type & manual type.

• By Application

Based on the market is categorized into pharmaceutical packaging, wine packaging, architectural pottery, beverage packaging, craft gift, electronic components & others.

DRIVING FACTORS

"Packaging & Labeling Industry that Gives the Market Extra Boost"

The increasing adoption of inkjet marking machine in the packaging and labeling industries has been a significant trend in the market. High production rate businesses like packing and labelling require the ability of these machines to print quickly. With the ability to print variable data, these machines make it possible to customize the product information, barcodes, QR codes, and other data on individual packages. Because these devices employ a non-contact printing technique, the surface of fragile or sensitive objects is protected during the printing process. They are suitable for a wide range of packaging materials because they can print on a variety of substrates, including cardboard, plastic, glass, metal, and more. As a result, the growth, and the packaging and labeling industries will boost the market. It will contribute to the expansion of the machinery and equipment industry and it will improve the overall inkjet marking machine market growth.

"Technological Advancement to Encourage Market Expansion"

Advancements in technology have significantly impacted the Inkjet Marking Machine industry, leading to improved performance, increased efficiency, and expanded applications. These devices are now quicker and more accurate, allowing for high-speed printing with improved accuracy. This enhancement enables greater productivity and higher marking quality. The development of drop-on-demand inkjet technology makes it possible to precisely expel ink droplets onto the substrate only when necessary. This promotes ink conservation, waste reduction, and printing with higher resolution. The variety of substrates that can be printed on by inkjet machines has increased with the development of UV-curable and solvent-based inks. On a variety of substrates, these inks provide outstanding adherence and durability. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"Maintenance Cost to Impede Market Expansion"

The market is being hampered by hefty maintenance costs. The operational costs of inkjet marking might increase with regular maintenance and periodic replacement of ink cartridges and equipment. This turbulence may have an impact on production costs and, as a result, fastener prices. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Inkjet Marking Machine Market REGIONAL INSIGHTS

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"North America Dominating the Market Across the Globe"

The market for inkjet marking machine in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in the pharmaceutical packaging, wine packaging, architectural pottery, beverage packaging, craft gift & electronic components is boosting the inkjet marking machine market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• Anser Coding (U.S.)
• Apacks (U.S.)
• Leibinger (Germany)
• KBA-Metronic AG (Germany

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of inkjet marking machine market. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.