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Global Thermal Inkjet (TIJ) Coder Market – Industry Trends and Forecast to 2031

Semiconductors and Electronics

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Global Thermal Inkjet (TIJ) Coder Market – Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Thermal Inkjet (TIJ) Coder Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 2.21 USD Billion
Diagram Market Size (Forecast Year) USD 3.29 USD Billion
Diagram CAGR %

Major Markets Players

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Global Thermal Inkjet (TIJ) Coder Market, By Type (Fibre Laser and CO2 Laser), Application (Food Industry, Medical Application, Cosmetic Industry, Automobile Industry, Pipes, Wire and Cables, Tobacco Industry, Packing Industry, and Others) – Industry Trends and Forecast to 2031.

Thermal Inkjet (TIJ) Coder Market

Thermal Inkjet (TIJ) Coder Market Analysis and Size

In the packaging industry, thermal inkjet (TIJ) coders are indispensable for ensuring accurate and efficient marking and coding on various packaging materials. They enable the printing of essential information such as expiration dates, batch numbers, barcodes, and product identifiers on packaging surfaces with high precision and clarity. TIJ coders offer versatility, allowing for printing on a wide range of substrates, including cartons, labels, films, and foils. Their rapid printing speed and minimal maintenance requirements make them ideal for high-volume production environments. TIJ coders support compliance with regulatory standards and facilitate supply chain traceability, contributing to enhanced product safety and consumer confidence in packaged goods.

The global thermal inkjet (TIJ) coder market size was valued at USD 2.21 billion in 2023 and is projected to reach USD 3.29 billion by 2031, with a CAGR of 5.10% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024-2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Fibre Laser and CO2 Laser), Application (Food Industry, Medical Application, Cosmetic Industry, Automobile Industry, Pipes, Wire and Cables, Tobacco Industry, Packing Industry, and Others) 

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

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 & Solutions America, LLC. (U.S.), ID Technology, LLC. (U.S.), Marsh LLC. (U.K.), Squid Ink (U.S.), ITW Diagraph (Germany), ANSER CODING INC. (China), Domino Printing Sciences plc. (U.K.), and Shanghai Rottweil Handyware Printing Technology Co., Ltd (Bangladesh)

Market Opportunities

  • Growing Demand for Eco-Friendly Solutions
  • Increasing Regulatory Compliance Requirements

Market Definition

A thermal inkjet (TIJ) coder is a type of printing technology commonly used for marking and coding applications in industries such as packaging and manufacturing. It operates by heating ink to create tiny droplets, which are then precisely deposited onto surfaces to create high-quality prints, offering versatility, speed, and reliability for date coding, batch numbering, and product labeling purposes.

Thermal Inkjet (TIJ) Coder Market Dynamics

Drivers

  • Increasing Demand for High-Quality Printing

Industries across sectors such as packaging, pharmaceuticals, and electronics require precise and clear printing of information such as expiration dates, batch numbers, and barcodes on various substrates. TIJ coders excel in providing sharp, high-resolution prints that meet these stringent quality standards. Their ability to produce consistent, legible prints enhances product visibility, brand image, and consumer trust. As businesses prioritize quality assurance and brand integrity, the reliance on TIJ coders grows, propelling market expansion and technological innovation in printing solutions.

  • Growing Advancements in Printing Technology

Continuous innovations such as improved printhead designs, enhanced ink formulations, and increased printing speeds elevate the efficiency, reliability, and versatility of TIJ coders. These advancements result in higher-resolution printing, allowing for clearer and more precise marking and coding on various substrates. In addition, developments in TIJ technology lead to reduced maintenance requirements and operational downtime, resulting in cost savings for end-users. The ability of TIJ coders to integrate seamlessly with automated production lines further enhances their appeal, driving adoption across industries seeking efficient and streamlined marking solutions.

Opportunities

  • Growing Demand for Eco-Friendly Solutions

Many businesses and consumers are increasingly prioritizing sustainability through which TIJ coders offer an environmentally friendly alternative to traditional coding and marking methods. TIJ technology typically utilizes non-toxic, solvent-free, and environmentally friendly inks, reducing the carbon footprint and minimizing hazardous waste generation. TIJ coders often require less energy consumption and produce fewer emissions compared to other printing technologies, aligning with green initiatives. This eco-friendly appeal enhances the market attractiveness of TIJ coders, driving adoption across industries seeking to reduce environmental impact while maintaining high-quality printing standards and regulatory compliance.

  • Increasing Regulatory Compliance Requirements

Industries such as pharmaceuticals, food and beverage, and cosmetics must adhere to stringent regulations mandating the accurate and legible printing of essential information on product packaging. TIJ coders offer the precision and versatility needed to meet these requirements by printing expiration dates, batch numbers, serial numbers, barcodes, and other critical data with high clarity and reliability. The enforcement of such regulations drives the demand for TIJ coders as companies seek efficient solutions to ensure compliance and avoid penalties or product recalls.

Restraints/Challenges

  • Limited Compatibility

While TIJ technology offers versatility, it may encounter difficulties when dealing with unconventional or non-standard surfaces. This limitation can hinder its applicability in industries where diverse packaging materials are utilized, such as those requiring coding on glossy surfaces, textured materials, or irregular shapes. Consequently, businesses operating in such industries may opt for alternative coding solutions that offer greater compatibility with their specific packaging requirements, thereby restricting the market potential for TIJ coders.

  • Competition from Alternative Technologies

Technologies such as continuous inkjet (CIJ) printers, laser coders, and thermal transfer printers offer alternative solutions for marking and coding applications, each with unique capabilities and advantages. CIJ printers, for example, excel in high-speed production environments, while laser coders provide permanent and high-resolution markings on various substrates. This diverse landscape creates competition for TIJ coders as businesses evaluate and choose among different technologies based on factors such as printing speed, durability, substrate compatibility, and cost-effectiveness. TIJ coder manufacturers must innovate and differentiate their offerings to address specific market needs and maintain a competitive edge amidst a crowded market of alternative technologies.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In September 2023, Toshiba Corp., an international electronics company based in Japan, announced the MG10F, a new 22 Terabytes (TB) model using Conventional Magnetic Recording (CMR) HDD and the company's mature 10-disk helium-sealed technology. This advancement is significant for the consumer Network Attached Storage (NAS) market, as it offers enhanced storage capacities and reliability, catering to the growing data storage needs of consumers, particularly those with extensive multimedia libraries and smart home data requirements
  • In June 2022, QNAP Systems, Inc. launched a new facility in Willich, Germany, featuring training facilities, modern office space, a servicing area, and a warehouse. This expansion supports the consumer NAS market by enhancing QNAP's capacity to provide comprehensive training, improved customer service, and efficient distribution across Europe. It underscores the company's commitment to meeting the increasing demand for sophisticated NAS solutions driven by the rising adoption of smart home technologies and the need for reliable data storage

Thermal Inkjet (TIJ) Coder Market Scope

The market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Fibre Laser
  • CO2 Laser

Application

  • Food Industry
  • Medical Application
  • Cosmetic Industry
  • Automobile Industry
  • Pipes
  • Wire and Cables
  • Tobacco Industry
  • Packing Industry
  • Others

Thermal Inkjet (TIJ) Coder Market Analysis/Insights

The market is analysed and market size insights and trends are provided by country, type, and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

Europe is expected to dominate the market stems from its robust ecosystem of diverse market players, ranging from established industry giants to innovative startups. This concentration fosters competition and drives advancements in technology and product offerings. Additionally, Europe's strong manufacturing base and sophisticated infrastructure provide an ideal environment for the production and distribution of TIJ coders, further solidifying its leadership position in the global market.

Asia-Pacific is expected substantial growth due to the low capital cost in developing technology, creating an attractive environment for innovation and investment. The adoption of coding norms for pre-packaged foods enhances efficiency and traceability in the supply chain, fostering consumer trust. These combined factors are expected to drive significant expansion in various industries across the Asia-Pacific region, propelling economic development and market opportunities.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Thermal Inkjet (TIJ) Coder Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.

Some of the major players operating in the market are

  • 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 & Solutions America, LLC.(U.S.)
  • ID Technology, LLC. (U.S.)
  • Marsh LLC.(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 (Bnagladesh)


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FREQUENTLY ASK QUESTIONS

Increasing Demand for High-Quality Printing and Growing Advancements in Printing Technology are the growth drivers of the thermal inkjet (TIJ) coder market.
The major companies in the thermal inkjet (TIJ) coder market are 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 & Solutions America, LLC. (U.S.), ID Technology, LLC. (U.S.), Marsh LLC. (U.K.), Squid Ink (U.S.), ITW Diagraph (Germany), ANSER CODING INC. (China), Domino Printing Sciences plc. (U.K.), and Shanghai Rottweil Handyware Printing Technology Co., Ltd (Bangladesh).
The type and application are the factors on which the thermal inkjet (TIJ) coder market research is based.
The thermal inkjet (TIJ) coder market size will be worth USD 3.29 billion by 2031.
The thermal inkjet (TIJ) coder market growth rate will be 5.10% by 2031.
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