The Asia Pacific Inkjet Coders Market would witness market growth of 5.7% CAGR during the forecast period (2023-2029).
Printing product details, which summarize the product, is frequently done using inkjet coders. The inkjet coder market is expected to expand because of the development in technological advancement since these printers are utilized by various industrial verticals to print information on the product's packaging. Marking and coding a wide variety of products is made possible by inkjet technology, which is dependable and economical. The packaging sector most frequently employs inkjet coders to distinguish distinct products.
Demand in the market is anticipated to increase gradually due to increased focus on anti-counterfeiting tactics, adherence to strict labeling regulations, and product traceability. Non-contact printing coders called inkjets print time, batch numbers, and dates on various packing materials like cartons and containers. Personal care, food & beverage, automotive, electronics, and pharmaceutical industries all heavily utilize these codes. The inkjet method involves pushing ink to the print head while applying artificial pressure stimulation, and it can mark both curved and flat surfaces. As a result, demand for inkjet coders is predicted to increase as these printers' prices decrease.
The Chinese State Food and Drug Administration's (SFDA) rules' main goal is to protect consumers from traditional Chinese medicines and fake pharmaceuticals. The assignment of distinct product identities, known as "eCodes," at different packaging facilities as well as an amount of combination or verification via the medication electronic monitoring system, are also required by this rule. The Korean Customs Service (KCS) reports that South Korea has also imposed labeling and marking regulations for several products, including medicines, organic, functional, biotechnologically generated foods, and pharmaceuticals. In light of all these elements, the inkjet coders market is anticipated to grow in the region.
The China market dominated the Asia Pacific Inkjet Coders Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $220.4 million by 2029. The Japan market is experiencing a CAGR of 5.1% during (2023 - 2029). Additionally, The India market would display a CAGR of 6.4% during (2023 - 2029).
Based on Type, the market is segmented into CIJ Coder, Drop on Demand (DOD), TIJ Coder and Others. Based on Application, the market is segmented into Food Industry, Medical Application, Packing Industry, Cosmetic Industry, Automobile Industry, Pipes, Wires, & Cables and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Inkjet Coders Market is Projected to reach USD 2.6 Billion by 2029, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Markem-Imaje (Dover Corporation), ANSER CODING INC., ITW Diagraph (Illinois Tool Works), KGK Jet India Private Limited (KGK Jet), Kiwi Coders Corporation, Linx Printing Technologies (Danaher Corporation), Shanghai Rottweil Handyware Printing Technology Co., Ltd, Squid Ink Manufacturing, Inc. (Engage Technologies Corporation), Xaar plc and ID Technology LLC (ProMach Inc.).
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