The thermal inkjet (TIJ) code market offers numerous benefits, with cost-effectiveness and versatility standing out. TIJ coders are known for their ability to print high-resolution codes on various substrates, including porous and non-porous materials, making them suitable for a wide range of applications. The dominating segment in this market is the small and compact TIJ coders, which are highly portable and offer exceptional flexibility, making them popular in industries such as packaging, pharmaceuticals, and food, where space and mobility are crucial factors in production line efficiency and integration.
According to Data Bridge Market Research, the Global Thermal Inkjet (TIJ) Coder Market was valued at USD 2.00 billion in 2021 and is expected to reach USD 2.97 billion by 2029, registering a CAGR of 5.10% during the forecast period of 2022-2029.
“Growth of the retail sector boosts the market’s growth”
The growth of the retail sector is a significant driver for the thermal inkjet (TIJ) code market. Retailers require efficient and reliable coding solutions for product labeling, pricing, and tracking. TIJ coders offer the flexibility to print high-quality codes on various packaging materials, including cardboard, plastic, and paper, meeting the diverse labeling needs of retail products. As the retail industry expands, the demand for TIJ coders continues to rise, making them a vital component of efficient inventory management and customer satisfaction.
What restraints the growth of the global thermal inkjet (TIJ) coder market?
“Higher maintenance costs restraint the market’s growth”
Higher maintenance costs pose a notable restraint in the thermal inkjet (TIJ) code market. While TIJ coders are known for their efficiency, their ongoing maintenance can be expensive. Regular printhead cleaning and replacement of ink cartridges can add up over time, impacting the total cost of ownership. This cost factor can deter some businesses from adopting TIJ technology, especially smaller enterprises with limited budgets, potentially limiting the market's growth and adoption.
Segmentation: Global Thermal Inkjet (TIJ) Coder Market
The global thermal inkjet (TIJ) coder market is segmented on the basis of type, and application.
- On the basis of type, the global thermal inkjet (TIJ) coder market is segmented into fibre laser, and CO2 laser.
- On the basis of application, the global thermal inkjet (TIJ) coder market is segmented into food industry, medical application, cosmetic industry, automobile industry, pipes, wire and cables, tobacco industry, packing industry, and others.
Regional Insights: Europe dominates the Global Thermal Inkjet (TIJ) Coder Market
Europe's dominance in the thermal inkjet (TIJ) coder market is attributed to its diverse and thriving market player ecosystem. The region boasts a significant number of manufacturers, suppliers, and users of TIJ coding technology across various industries. This concentration of market participants fosters innovation, healthy competition, and a robust support infrastructure, making Europe a leading hub for TIJ coder adoption and technological advancements in the printing and coding industry.
Asia-Pacific is poised for substantial growth in the thermal inkjet (TIJ) coder market from 2022 to 2029. The region benefits from lower capital costs for developing technology and is increasingly embracing coding standards for pre-packaged foods. As food safety regulations tighten, the demand for reliable coding solutions rises, making TIJ coders an essential choice for manufacturers. This combination of cost-effectiveness and regulatory compliance drives the market's expansion in the Asia-Pacific region.
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The Prominent Key Players Operating in the Global Thermal Inkjet (TIJ) Coder Market Include:
- Markem-Imaje (Switzerland)
- Linx Printing Technologies. (U.K.)
- KGK Jet India Private Limited (India)
- Xaar plc. (U.K.)
- Videojet Technologies Inc. (India)
- Kiwi Coders Corporation. (U.S.)
- Hitachi Industrial Equipment Marking Solutions Inc. (U.S.)
- ID Technology, LLC. (U.S.)
- Marsh (U.K.)
- Squid Ink (U.S.)
- ITW Diagraph (Germany)
- ANSER CODING INC. (China)
- Domino Printing Sciences plc. (U.K.)
- Shanghai Rottweil Handyware Printing Technology Co., Ltd (Bangladesh)
Above are the key players covered in the report, to know about more and exhaustive list of global thermal inkjet (TIJ) coder market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Thermal Inkjet (TIJ) Coder Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
