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Thermal Inkjet (TIJ) Coder Market Size
- Report ID: GMI11858
- Published Date: Oct 2024
- Report Format: PDF
Thermal Inkjet Coder Market Size
The global thermal inkjet coder market size 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.
As sustainability becomes a priority for both businesses and consumers, the demand for eco-friendly packaging solutions is increasing. Thermal inkjet (TIJ) coders present a sustainable option, as they utilize minimal ink, generate less waste, and can be easily integrated into existing production lines without the need for additional chemicals or solvents. This eco-conscious trend is prompting manufacturers to adopt TIJ coders to align with regulatory requirements and consumer preferences for sustainable practices.
Consequently, this shift is contributing to significant market growth. By prioritizing sustainability, companies can enhance their brand reputation and appeal to environmentally conscious consumers. The adoption of TIJ technology represents a strategic investment in both efficiency and environmental responsibility, further driving market expansion.
Continuous advancements in thermal inkjet (TIJ) technology, including improved print quality, faster printing speeds, and enhanced reliability, are significant growth drivers for the market. Innovations such as high-resolution printing capabilities enable manufacturers to produce complex graphics and barcodes on a diverse range of surfaces, from plastics to metals. Additionally, the ability to maintain consistent quality while minimizing downtime through improved maintenance and operational features makes TIJ coders a compelling investment for manufacturers aiming to enhance efficiency in their production processes.
As a result, the market for TIJ coders is poised for substantial growth, driven by the increasing demand for high-performance coding solutions. For instance, in June 2024, InkJet, Inc. launched the ANSER Smart Printhead, a compact high-resolution TIJ printer designed for production automation. The printhead features interchangeable technology for various substrates and is accompanied by the ANSER Xonnect management platform for real-time monitoring and data analysis.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Thermal Inkjet Coder Market Size in 2023: | USD 2.1 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 3 billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 126 |
| Tables, Charts & Figures: | 260 |
| Segments covered: | Ink Type, Technology, Print Speed, Application, End Use Industry |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Thermal Inkjet Coder Market Scope
