1. What is the projected Compound Annual Growth Rate (CAGR) of the Thermal Inkjet (TIJ) Coder Market?
The projected CAGR is approximately 5%.
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Thermal Inkjet (TIJ) Coder Market by Ink Type (Water-based Ink, Solvent-based Ink, UV Curable Ink, Oil-based Ink), by Technology (Drop on Demand (DOD) TIJ, Continuous Inkjet (CIJ)), by Print Speed (Low speed, Medium speed, High speed), by Application (Packaging, Labeling, Direct product printing, Barcodes & QR codes), by End-use industry (Food industry, Medical application, Cosmetic industry, Automobile industry, Tobacco industry, Packing industry), by North America (U.S., Canada), by Europe (UK, Germany, France, Italy, Spain, Russia), by Asia Pacific (China, India, Japan, South Korea, Australia), by Latin America (Brazil, Mexico), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Thermal Inkjet (TIJ) Coder Market was valued at USD 2.1 Billion in 2024 and is projected to reach USD 2.95 Billion by 2033, with an expected CAGR of 5% during the forecast period. The Thermal Inkjet (TIJ) Coder Market emphasizes the application of thermal inkjet technology for the coding and marking of products, packaging, and labels across sectors like food and beverage, pharmaceuticals, cosmetics, and consumer goods. TIJ coders operate by heating ink to produce a vapor bubble that ejects ink onto a surface, providing fast, accurate printing with exceptional resolution quality. The market is fueled by the increasing need for swift, precise, and economical marking and labeling solutions for traceability, compliance, and branding. TIJ coders are preferred for their capability to print on multiple surfaces such as plastics, glass, and metals, while offering versatility in fonts, logos, and barcodes. Moreover, the growing attention on automation, supply chain management, and digital transformation is driving the uptake of TIJ coders as businesses pursue more efficient production methods. The market is further bolstered by innovations in ink formulations, dependable printers, and integration with corporate software systems. With industries focusing on product identification and compliance needs, the Thermal Inkjet Coder Market is projected to witness consistent growth, fueled by technological innovations and the increasing demand for on-demand, high-quality printing options.
The TIJ coder market is characterized by the presence of several established players and numerous emerging companies. Leading players in the market include ANSER CODING INC., Brother Industries Ltd., Canon, Inc., Domino Printing Sciences plc, Hitachi Industrial Equipment Systems Co., Ltd., and HP Inc. These companies account for a significant portion of the market share and offer a wide range of TIJ coders with varying capabilities and features.
Key trends in the TIJ coder market include:
North America and Europe hold significant market shares in the global TIJ coder market, driven by high levels of automation and demand for advanced coding and marking solutions. Within the segments, the packaging and labeling application is expected to dominate the market due to increasing demand for product identification and traceability in the food, beverage, and pharmaceutical industries.
A comprehensive market report on the TIJ coder market will typically include:
Market Size and Growth: The TIJ coder market is projected to grow at a consistent rate over the next five years, driven by the increasing adoption of inkjet printing technology in various industries.
Market Share: Leading players in the market hold significant market shares, with ANSER CODING INC. and Domino Printing Sciences plc being prominent players.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5%.
Key companies in the market include ANSER CODING INC., Brother Industries Ltd., Canon, Inc., Domino Printing Sciences plc, Hitachi Industrial Equipment Systems Co., Ltd., HP Inc., ID Technology, LLC, ITW Diagraph, KGK Jet India Private Limited, Kiwi Coders Corporation, Leibinger, Linx Printing Technologies, Markem-Imaje, Marsh LLC, Shanghai Rottweil Handyware Printing Technology Co., Ltd.
The market segments include Ink Type, Technology, Print Speed, Application, End-use industry.
The market size is estimated to be USD 2.1 Billion as of 2022.
Increasing demand for sustainable packaging. Advancements in printing technology. Rise in E-commerce and online retail. Growth in the food and beverage industry.
N/A
Market competition and price pressures. Dependence on industry cycles.
In June 2023, Markem-Imaje introduced its new 9750 Expert Series of continuous inkjet coders that include TIJ technology. These printers are designed to deliver high-quality results even in challenging conditions such as high humidity and dust, making them ideal for fast-moving consumer goods (FMCG) applications.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4,850, USD 5,350, and USD 8,350 respectively.
The market size is provided in terms of value, measured in Billion and volume, measured in K Tons.
Yes, the market keyword associated with the report is "Thermal Inkjet (TIJ) Coder Market," which aids in identifying and referencing the specific market segment covered.
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