Global Inkjet Coders market is expected to reach $ 2.73 billion by 2027
GAITHERSBURG, Md., July 29, 2020 /PRNewswire/ -- According to Stratistics MRC, the Global Inkjet Coders Market is accounted for $1.58 billion in 2019 and is expected to reach $2.73 billion by 2027 growing at a CAGR of 7.1% during the forecast period.
Some of the key players profiled in the Inkjet Coders Market include KGK Jet India Private Limited, Xaar Plc., Videojet Technologies Inc., ITW Diagraph, Shanghai Rottweil Handyware Printing Technology Co., Ltd., Markem-Imaje, Linx Printing Technologies, Kiwi Coders Corporation, ID Technology, LLC, Hitachi Industrial Equipment Systems Co., Ltd., FoxJet, An ITW Company, Domino Printing Sciences PLC, ANSER CODING INC., Squid Ink Manufacturing, Inc., and Koenig & Bauer AG.
Increasing demand for fast-moving consumer goods and an ever-expanding retail sector and declining cost of these printers are propelling the growth of the market. However, the high running cost and low quality of marks are hindering the growth of the market.
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Inkjet coders are reliable and cost-effective method. The non-contact printing coders intended to mark and code a whole range of products. The inkjet innovation includes thrusting ink to the print head with stimulation of some kind of artificial pressure. This innovation is appropriate to stamp both flat as well as curved surfaces. Moreover, inkjet coders are capable of printing on virtually all types of materials. This makes inkjet coders reasonable for a wide range of industrial applications.
Based on the end-user, the food and beverage segment is anticipated to hold considerable market share during the forecast period due to rising number of food products being manufactured every day and the marking and coding in the food manufacturing allow customers to read information and understand what they are consuming.
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By geography, Europe is going to have a lucrative growth during the forecast period due to presence of large manufacturing sectors across different industry verticals, growing demand for convenience in the food sector, and rising awareness of packaged food among consumers.
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End Users Covered:
What our report offers:
- Market share assessments for the regional and country-level segments
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SOURCE Stratistics Market Research Consulting Pvt Ltd
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