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Thermal Inkjet (TIJ) Coder Market Share

Report ID: GMI11858
Published Date: Oct 2024
Report Format: PDF

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Thermal Inkjet Coder Market Share

Thermal inkjet (TIJ) Coder Market Share Analysis, 2023

In the market, competition is primarily driven by several key factors. Product innovation is crucial, as companies strive to offer advanced coding solutions that meet the evolving demands of industries such as food and beverage, pharmaceuticals, and consumer goods. This includes enhancements in print quality, speed, and the ability to code on a variety of surfaces. Price competitiveness is also significant, as manufacturers aim to provide cost-effective solutions while maintaining high quality.

Additionally, differentiation through specialized features, such as eco-friendly inks or integration with existing production lines, can help companies stand out. Distribution channels play a vital role, with firms competing to establish strong partnerships with distributors and direct sales networks to reach their target markets effectively. Furthermore, after-sales support and service offerings can influence customer loyalty, adding another layer of competition in this dynamic market.

Thermal Inkjet Coder Market Companies

Major players operating in the thermal inkjet coder industry are:

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

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global thermal inkjet coder industry was valued at USD 2.1 billion in 2023 and is estimated to grow at a CAGR of over 5% from 2024 to 2032, driven by increasing demand for sustainable packaging.

The food & beverage segment is expected to register a CAGR of over 6% during the forecast period, propelled by stringent regulations on labeling and traceability.

North America dominated the global TIJ coder market in 2023, accounting for over 35% of the share, primarily due to its advanced manufacturing sector and robust infrastructure.

Key players in the industry 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, and Kiwi Coders Corporation.