Global Thermal Inkjet (TIJ) Coder Market - Industry Trends and Forecast to 2029

Global Thermal Inkjet (TIJ) Coder Market, By Type (Fibre Laser, CO2 Laser), Application (Food Industry, Medical Application, Cosmetic Industry, Automobile Industry, Pipes, Wire and Cables, Tobacco Industry, Packing Industry, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Inkjet coders are being widely used in various industries, such as automotive, pharmaceuticals, electronics, food and beverages, personal care products, and electronics, among others. These coders are known to be effective and are highly recommended for economical color printing.

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. Medical Application is expected to witness high growth owing to the expansion of healthcare sector. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

The inkjet technology refers to a reliable and cost-effective method utilized for marking and coding a wide range of products. Inkjet coders are mostly utilized in the packaging industry for differentiating products. These are a non-contact printing coders that are capable of generating dates and batch numbers.

Report Scope and Market Segmentation

Thermal Inkjet (TIJ) Coder Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Demand for Minimization

The rise in demand for minimization of solvent evaporation and reducing mixing of air with ink is one of the major factors driving the growth of the thermal inkjet (TIJ) coder market.

• Growth of Retail Sector

The increase in demand for fast moving consumer goods and rise in the retail sector across the globe accelerate the market growth. Also, rapid urbanization in the emerging economies has a positive impact on the market.

• High Usage in Various Industries

The increase in the use of thermal inkjet (TIJ) coder in various sectors, such as cosmetics, pharmaceuticals and medical devices, automotive and aerospace, chemicals, electrical components and electronics, pharmaceuticals and medical devices, and personal and home care, among others further influence the market.

Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the thermal inkjet (TIJ) coder market.

Opportunities

Furthermore, technological advancement in the inkjet technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, surge in investments will further expand the market.

Restraints/Challenges

On the other hand, higher maintenance cost and low quality of marks are expected to obstruct market growth. Also, high running cost is projected to challenge the thermal inkjet (TIJ) coder market in the forecast period of 2022-2029.

This thermal inkjet (TIJ) coder 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 thermal inkjet (TIJ) coder market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Thermal Inkjet (TIJ) Coder Market

The COVID-19 had a negative impact on the thermal inkjet (TIJ) coder market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for thermal inkjet (TIJ) coder. The supply chain got hampered during the pandemic along with delay logistics activities. However, the thermal inkjet (TIJ) coder market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Global Thermal Inkjet (TIJ) Coder Market Scope and Market Size

The thermal inkjet (TIJ) coder 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 Regional Analysis/Insights

The thermal inkjet (TIJ) coder market is analysed and market size insights and trends are provided by country, type, and application as referenced above.

The countries covered in the thermal inkjet (TIJ) coder 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 (MEA).

Europe dominates the thermal inkjet (TIJ) coder market because of the region's high prevalence of various market players.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the low capital cost in developing technology along with adoption of coding norms for pre-packed foods in the region.

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 like 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

The thermal inkjet (TIJ) coder 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 thermal inkjet (TIJ) coder market.

Some of the major players operating in the thermal inkjet (TIJ) coder market are

• Markem-Imaje (Switzerland)
• Linx Printing Technologies. (UK)
• KGK Jet India Private Limited (India)
• Xaar plc. (UK)
• Videojet Technologies Inc. (India)
• Kiwi Coders Corporation. (US)
• Hitachi Industrial Equipment Marking Solutions Inc. (US)
• ID Technology, LLC. (US)
• Marsh (UK)
• Squid Ink (US)
• ITW Diagraph (Germany)
• ANSER CODING INC. (China)
• Domino Printing Sciences plc. (UK)
• Shanghai Rottweil Handyware Printing Technology Co., Ltd (Bnagladesh)