What is Global Inkjet Marking Coding Machines Market?
The Global Inkjet Marking Coding Machines Market is a vast and dynamic sector that encompasses a wide range of devices used for marking and coding purposes. These machines are primarily used to print variable data and information on various products and packages. The data can include details such as batch numbers, date of manufacture, bar codes, and other product-specific information. The global market for these machines is vast and diverse, with numerous players offering a variety of machines to cater to different industry needs. The machines are designed to offer high-speed, high-quality printing, and are widely used in industries such as food and beverage, pharmaceuticals, healthcare, and industrial goods manufacturing among others. The market is driven by factors such as the increasing need for product identification and traceability, stringent government regulations regarding product labeling and marking, and the growing demand for packaged goods worldwide. However, the market also faces challenges such as the high cost of these machines and the need for regular maintenance and servicing. Despite these challenges, the market continues to grow, driven by technological advancements and the increasing adoption of these machines in various industries.
CIJ, DOD in the Global Inkjet Marking Coding Machines Market:
The Global Inkjet Marking Coding Machines Market is divided into two main types based on technology - Continuous Inkjet (CIJ) and Drop on Demand (DOD). CIJ technology is the most widely used, accounting for 68% of the market. CIJ machines are known for their high-speed printing capabilities and are commonly used in industries where high-speed production lines are prevalent. They are capable of printing on a variety of surfaces, including metal, plastic, and glass, making them versatile and suitable for a wide range of applications. On the other hand, DOD technology, which accounts for 31% of the market, is used in applications where high-quality print is required. DOD machines are capable of printing large characters and are often used in industries such as construction and automotive where large, clear markings are required. Both CIJ and DOD machines have their own advantages and disadvantages, and the choice between the two often depends on the specific requirements of the application.
Food and Beverage, Pharmaceutical and Healthcare, Industrial, Others in the Global Inkjet Marking Coding Machines Market:
The Global Inkjet Marking Coding Machines Market finds extensive usage in various sectors such as Food and Beverage, Pharmaceutical and Healthcare, Industrial, and others. In the Food and Beverage industry, these machines are used to print information such as batch numbers, expiry dates, and nutritional information on food packages. This helps in ensuring product safety and traceability, which is crucial in this industry. In the Pharmaceutical and Healthcare industry, these machines are used to print barcodes, serial numbers, and other product-specific information on drug packages. This helps in preventing counterfeiting and ensuring patient safety. In the Industrial sector, these machines are used to print identification codes, serial numbers, and other data on various industrial goods. This helps in product identification and traceability, which is crucial in this sector. In other sectors, these machines are used for various marking and coding applications, depending on the specific requirements of the sector.
Global Inkjet Marking Coding Machines Market Outlook:
The Global Inkjet Marking Coding Machines Market, which was valued at US$ 2632.5 million in 2022, is expected to grow significantly in the coming years. It is projected to reach a value of US$ 4084.8 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period of 2023-2029. This growth is driven by various factors such as the increasing need for product identification and traceability, stringent government regulations regarding product labeling and marking, and the growing demand for packaged goods worldwide. The market is dominated by CIJ technology, which accounts for 68% of the market, while DOD technology accounts for 31%. This data indicates a strong growth potential for the market in the coming years.
| Report Metric | Details |
| Report Name | Inkjet Marking Coding Machines Market |
| Accounted market size in 2022 | US$ 2632.5 million |
| Forecasted market size in 2029 | US$ 4084.8 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Videojet, Markem-Imaje, Domino Printing Sciences, Weber Marking, Hitachi Industrial Equipment Systems, Zanasi, ITW, Kba-Metronic, Ebs Ink Jet Systeme, Iconotech, Anser Coding, Matthews Marking Systems, Control Print, ID Technology, Beijing Hi-Pack Coding, Kortho, Squid Ink Manufacturing |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
