#127 Continuous Inkjet Market is Slated to Witness Tremendous Growth in Coming Years

The global Continuous Inkjet market reached a valuation of USD 1.43 billion in 2022 and is projected to achieve USD 2.22 billion by 2032, displaying a robust revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. This growth is primarily attributed to several key drivers. These include the escalating demand for anti-counterfeiting measures, the increasing need for product traceability, and the expanding integration of automation within the manufacturing sector, all of which are significant catalysts for the market's revenue expansion. Additionally, the market's revenue growth is further propelled by the mounting requirement for high-quality printing solutions, which spans various industries such as food and beverage, pharmaceuticals, and personal care. The rising imperative for product traceability stands out as one of the pivotal factors fueling market revenue growth. Ensuring product traceability has become imperative for businesses to safeguard their brand reputation and mitigate legal liabilities, given the surge in counterfeit products flooding the market. By employing Continuous Inkjet to imprint unique identifiers on their products, companies can efficiently track and trace items along the supply chain. Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/7658 Another driving force behind the market's revenue growth is the surging demand for anti-counterfeiting solutions. Counterfeiting poses a substantial challenge to the market, resulting in significant financial losses for businesses. Continuous Inkjet play a crucial role in the fight against counterfeiting by enabling the printing of distinctive codes, barcodes, and other markings that aid businesses in distinguishing genuine products from counterfeit ones. Furthermore, the increasing adoption of automation within the manufacturing sector is a compelling factor contributing to market revenue growth. Continuous Inkjet are integral components of automated production lines, seamlessly integrating with other equipment to imprint codes and markings on items as they traverse the production process. By utilizing Continuous Inkjet in automated manufacturing lines, businesses can enhance product quality, elevate productivity levels, and reduce labor costs effectively. Strategic Development: In 2021, Dover Corporation announced that it had completed the acquisition of Systech International, a provider of packaging solutions, software, and services. The acquisition was aimed at expanding Dover's product offerings in the packaging industry and strengthening its position in the global market. In 2020, Markem-Imaje launched a new series of high-resolution inkjet printers called the 9450 and 9450 E. These printers offer a range of features, including improved print quality, increased productivity, and reduced maintenance costs. In 2019, Domino Printing Sciences plc launched a new inkjet printer called the Gx-Series. This printer features a range of advanced technologies, including i-Tech Intelligent Technology and QuickStep software, which enable high-speed printing and increased efficiency. In 2018, Koenig & Bauer AG acquired Durst Phototechnik Digital Technology GmbH, a manufacturer of digital printing systems. The acquisition was aimed at expanding Koenig & Bauer's product portfolio in the digital printing market and strengthening its position in the global market. In 2018, Videojet Technologies, Inc. launched a new inkjet printer called the Videojet 1860. This printer features a range of advanced technologies, including advanced data connectivity, predictive maintenance, and improved uptime. Competitive Landscape: Dover Corporation Markem-Imaje Dominos Printing Sciences plc Koenig & Bauer AG Digital Printing Systems Ltd. Coding Products Ltd. Iconotech Weber Marking Systems GmbH Videojet Technologies, Inc. ITW Diagraph The global market is further segmented into type and application: By Technology Type Outlook Continuous Inkjet Drop-on-Demand By End-Use Outlook Food & Beverage Pharmaceuticals Cosmetics & Personal Care Automotive Others Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region. North America (U.S., Canada, Mexico) Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Rest of APAC) Latin America (Brazil, Rest of LATAM) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) To request customization of this report @ https://www.reportsanddata.com/request-customization-form/7658 Thank you for reading our report. 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