The Europe Inkjet Coders Market would witness market growth of 4.8% CAGR during the forecast period (2023-2029).
In sectors like construction, healthcare, automotive, chemical, semiconductor and electronics, food & beverage, and more, the use of coding & marking systems to print batch numbers, government identification codes, and labels on primary and secondary packaging materials is increasing, creating the major potential for expansion. In the pharmaceutical & healthcare sectors, coding and marking tools are employed to package a variety of products in bottles, cartons, tubes, and other packaging forms, including powders, capsules, liquids, and ointments.
The use of coding and marking tools is expanding in the healthcare & pharmaceutical industries as a result of strict laws and brand protection, creating market expansion opportunities. Several substrates can be used for continuous printing, including PET, cardboard, cans, wood, flexible film, glass, plastic, metal, and polypropylene (PP). This method has a number of important advantages, including the high ink droplet velocity that allows for a wide separation between the printhead and the substrate and the high drop ejection frequency that permits high-speed printing. Seamless inkjet technology, which provides high speed, adaptability, and ease of use, is being adopted by various sectors, driving the market.
Sales of prescription drugs dominated the pharmaceutical industry, which persisted in 2018 prescription drugs. The largest combined healthcare system in the world, the National Health Services (NHS), was established in 1948. Every day, it attends to over 1 million patients. It was established to offer healthcare to everyone and is free for all UK residents. The NHA assigns an entity to manage the efficient use of more than £100 billion in funding to commission medical services in England. The region's market for pharmaceutical gelatin will grow as a result of the region's expanding healthcare infrastructure and growing funding. Label printing is becoming more necessary as the pharmaceutical and healthcare industries develop, which boosts the demand for inkjet coders in the region.
The Germany market dominated the Europe Inkjet Coders Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $196.5 million by 2029. The UK market is estimated to grow at a CAGR of 3.9% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 5.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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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