Inkjet Coders Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
The inkjet technology is a reliable and cost-effective method used to mark and code a whole range of products. Inkjet coders are most commonly used in the packaging industry to differentiate products. These are a non-contact printing coders that can generate dates and batch numbers, and time any information to a variety of packaging products including containers, cartons labels, etc. Inkjet coders are used in industries, such as food and beverages, automotive, personal care products, pharmaceuticals, and electronics, for marking purpose. The inkjet coders cost less but have higher maintenance cost, whereas laser coders have high cost and low maintenance cost. Inkjet coders are cost effective and are recommended for economical color printing. The substitute for inkjet coder is laser coder. Inkjet coders comprise different chambers containing different colors of ink. Recently, Videojet Technologies Inc., a manufacturer of coding, marking, and printing products, launched six new inks for larger inkjet printers. Making an innovation in coding solution, Hitachi America, Ltd. recently developed its latest generation of continuous ink jet printers, the UX Series.
Drop on Demand (DOD), Continuous Inkjet (CIJ) and Thermal Inkjet (TIJ) are the three types of ink-jet technologies used in the packaging industry for coding applications. The drop on demand technology uses aqueous or UV curable inks to print on a wide range of products; it has a number of chambers which contains ink. Continuous ink jet is a non-contact coding and durable method. The small characters of CIJ coders generate expiry dates, lot codes, graphics, and bar codes on a variety of primary packaging and the large character of CIJ coders generate same for secondary packaging, i.e. for cartons, etc. Thermal ink jet coders make use of print cartridges. They contain a series of small electrically heated chambers, which can be controlled by a flex-circuit, and involve high speed coding for serialized data. (TIJ) technology is usually for generating high-quality graphics and high-grade two-dimensional ‘symbologies’ such as DataMatrix codes. Generally, industries such as pharmaceuticals, tobacco, health, and beauty make use of TIJ coders.
The global inkjet coder market is segmented based on product technology, end user, and geography. By product technology, the global inkjet coder market is segmented into Drop on Demand (DOD), Continuous Inkjet (CIJ), and Thermal Inkjet (TIJ). By end user, the global inkjet coder market is categorized on the basis of different industries, including food and beverages, cosmetics, personal and home care, pharmaceuticals and medical devices, tobacco, automotive and aerospace, building materials, chemicals, commercial printing and addressing, electrical components and electronics, and wire, cable and pipe
Technological developments in inkjet coders, such as advancement in software that controls and monitors ink viscosity and automatic flush systems that help save time by stopping and cleaning daily print head, are anticipated to create excellent growth opportunities for the inkjet coder market. Rise in demand for minimization of solvent evaporation and reducing mixing of air with ink are the major factors expected to drive growth of the inkjet coders market over the forecast period. However, factors such as high running cost and low quality of marks that result in non-permanent mark are expected to hinder the market growth. Also, inkjet coders spill some tiny droplets of ink while printing; therefore, their resolution is lower than the laser printers. Significant factors that influence the demand for ink jet coders are reduced downtime, which helps customers expand the visual and functional coding capabilities. Currently, increasing number of manufacturers are seeking high performance printing and coding equipment, thereby creating significant growth and investment opportunities for players in the inkjet coders market.
By geography, the global inkjet coder market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and Latin America. Currently, North America and Europe dominate the market, accounting for the highest share of the global inkjet coders market in terms of volume. However, most of the major manufacturers in the market are from China, in view of the low capital cost required in the country, advancements in technology, and changing trends and requirements of players in the market. The global commercial and industrial markets play an important role in the development of the overall ink jet coder market.
Some of the key players in the global inkjet coding market are Videojet Technologies, Inc., FoxJet, an ITW Company, Hitachi America, Ltd., ID Technology, LLC., KGK Jet India., Linx Printing Technologies, Domino Printing Sciences plc, Shanghai Rottweil Handyware Printing Technology Co., Ltd, Media Data Systems Pte Ltd, Elmark Packaging, Koenig & Bauer AG, Squid Ink Manufacturing, Inc., Markem-Imaje, a Dover Company, and Xaar plc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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