PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620581
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1620581
Thermal Inkjet (TIJ) Coder Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 to 2032
The Global Thermal Inkjet (TIJ) Coder Market was valued at USD 2.1 billion in 2023 and is projected to grow at a CAGR of 5% from 2024 to 2032. As businesses and consumers prioritize sustainability, there is a rising demand for eco-friendly packaging solutions. TIJ coders offer a sustainable alternative by using minimal ink, producing less waste, and integrating seamlessly into existing production lines without requiring additional chemicals or solvents. This trend encourages manufacturers to adopt TIJ technology, aligning with regulatory requirements and consumer preferences for sustainable practices, ultimately driving significant market growth. By embracing sustainability, companies can improve their brand reputation and attract environmentally conscious consumers.
Investing in TIJ technology not only enhances operational efficiency but also underscores a commitment to environmental responsibility, further propelling market expansion. The thermal inkjet coder market can be segmented based on end-use industries, including food and beverage, pharmaceuticals, personal care and cosmetics, electronics, automotive, and industrial goods. Among these, the food and beverage segment is anticipated to grow at a CAGR of over 6% during the forecast period. This segment drives demand due to strict regulations surrounding labeling and traceability.
TIJ coders are essential for printing crucial information like expiration dates, batch numbers, and barcodes on various packaging materials, including plastics, paper, and glass. The need for high-speed, high-quality printing solutions tailored to fast-paced production lines makes TIJ coders particularly suitable for the food and beverage industry. Regarding applications, the market is categorized into packaging, labeling, direct product printing, and barcodes & QR codes. The packaging segment is projected to reach USD 1 billion by 2032. TIJ coders are vital in applying essential product information directly to different packaging types, serving industries like food, beverages, and pharmaceuticals that require fast, accurate, and clean printing solutions.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $2.1 Billion |
| Forecast Value | $ 3 Billion |
| CAGR | 5% |
Their ability to deliver high-quality prints across various materials with minimal maintenance makes them an efficient choice for mass production environments. In North America, the TIJ coder market dominated in 2023, capturing over 35% of the share. The region benefits from a robust manufacturing sector and advanced infrastructure. The United States is at the forefront, with a growing emphasis on automation and production efficiency.
The food and beverage sector significantly drives the adoption of TIJ coders as companies aim to meet labeling requirements and enhance product traceability. The rise of e-commerce has further boosted the demand for flexible coding solutions, enabling rapid changes in product labeling. As businesses in North America continue to innovate and prioritize efficiency, the TIJ coder market is expected to sustain its growth trajectory.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing demand for sustainable packaging
- 3.6.1.2 Advancements in printing technology
- 3.6.1.3 Rise in E-commerce and online retail
- 3.6.1.4 Growth in the food and beverage industry
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Market competition and price pressures
- 3.6.2.2 Dependence on industry cycles
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Ink Type, 2021-2032 (USD Million) (Million Units)
- 5.1 Key trends
- 5.2 Water-based ink
- 5.3 Solvent-based ink
- 5.4 UV curable ink
- 5.5 Oil-based ink
Chapter 6 Market Estimates & Forecast, By Technology, 2021-2032 (USD Million) (Million Units)
- 6.1 Key trends
- 6.2 Drop on demand (DOD) TIJ
- 6.3 Continuous inkjet (CIJ)
Chapter 7 Market Estimates & Forecast, By Print Speed, 2021-2032 (USD Million) (Million Units)
- 7.1 Key trends
- 7.2 Low speed
- 7.3 Medium speed
- 7.4 High speed
Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Million Units)
- 8.1 Key trends
- 8.2 Packaging
- 8.3 Labeling
- 8.4 Direct product printing
- 8.5 Barcodes & QR codes
Chapter 9 Market Estimates & Forecast, By End Use Industry, 2021-2032 (USD Million) (Million Units)
- 9.1 Key trends
- 9.2 Food Industry
- 9.3 Medical application
- 9.4 Cosmetic industry
- 9.5 Automobile Industry
- 9.6 Tobacco Industry
- 9.7 Packing Industry
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Million Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
Chapter 11 Company Profiles
- 11.1 ANSER CODING INC.
- 11.2 Brother Industries Ltd.
- 11.3 Canon, Inc.
- 11.4 Domino Printing Sciences plc
- 11.5 Hitachi Industrial Equipment Systems Co., Ltd.
- 11.6 HP Inc.
- 11.7 ID Technology, LLC
- 11.8 ITW Diagraph
- 11.9 KGK Jet India Private Limited
- 11.10 Kiwi Coders Corporation
- 11.11 Leibinger
- 11.12 Linx Printing Technologies
- 11.13 Markem-Imaje
- 11.14 Marsh LLC
- 11.15 Shanghai Rottweil Handyware Printing Technology Co., Ltd
- 11.16 Squid Ink
- 11.17 Videojet Technologies Inc.
- 11.18 Vietjet Technologies Co. Ltd.
- 11.19 Xaar plc.
