Inkjet Coder Market
Inkjet Coder Market
Inkjet Coder Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
WILMINGTON, DELAWARE, UNITED STATES, April 2, 2024 /EINPresswire.com/ -- Inkjet Coder Market by Type (Continuous Inkjet Coder, Thermal Inkjet Coder, Drop on Demand Inkjet Coder, Others), by End-user (Food Industry, Pharmaceutical Industry, Cosmetic Industry, Wires, Cables and Pipes, Automobile Industry, Packing Industry, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.
The global inkjet coder market was valued at $2 billion in 2022, and is projected to reach $3.3 billion by 2032, growing at a CAGR of 5.4% from 2023 to 2032.
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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.
The COVID-19 pandemic had a tremendous impact on the inkjet coder industry. Demand for inkjet coders was briefly slowed as countries implemented strict lockdown measures and enterprises had operational difficulties. Supply chain disruptions, reduced production capacity, and changing customer behavior have all had an impact on many businesses that rely significantly on inkjet coders, including food, medicines, and packaging. Because of the COVID-19 outbreak, which slowed production, demand for inkjet coders decreased.
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Competitive Analysis:
The inkjet coder industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
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Some of the major key players of the inkjet coder market include,
● Videojet Technologies Inc.
● MapleJet
● Linx Printing Technologies Limited
● Hitachi Industrial Equipment Systems Co.,Ltd.
● ANSER CODING INC.
● Markem-Imaje S.A
● Xaar plc
● Domino Printing Sciences plc, Control Print Ltd,
● Shanghai Rottweil Handyware Printing Technology Co., Ltd
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
● This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the inkjet coder market analysis from 2022 to 2032 to identify the prevailing inkjet coder market opportunities.
● The market research is offered along with information related to key drivers, restraints, and opportunities.
● Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
● In-depth analysis of the inkjet coder market segmentation assists to determine the prevailing market opportunities.
● Major countries in each region are mapped according to their revenue contribution to the global market.
● Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
● The report includes the analysis of the regional as well as global inkjet coder market trends, key players, market segments, application areas, and market growth strategies.
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