Digital Textile Printer Market Flourishes as Home Décor and Furnishings Embrace Advanced Printing Technology
Digital Textile Printer Market Flourishes as Home Décor and Furnishings Embrace Advanced Printing Technology | Future Market Insights, Inc.
NEWARK DE, JULY 13, 2023 (GLOBE NEWSWIRE). According to Future Market Insights.
Global Digital Textile Printer Industry
Estimates suggest that the number of people living in poverty will reach
US$ 2,212.9 Million
In 2023
. Global sales of digital textile printing equipment are expected to increase over the forecast period from 2023 to 2030
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9.8% CAGR
. It is estimated that the total value of the market will be
US$ 5,304.3 Million
By 2033
.
Growth in the market is driven by continuously changing fashion trends, a high need for advanced printing technologies, and increasing demand for customized & personalized home décor.
The market for custom textiles in the home décor and furnishing sector is experiencing rapid growth. Today, people are more interested in fast fashion as well as exclusive products which can be customized to meet their individual needs.
Customers are willing to pay premium prices and actively seek out platforms and brands that cater to their custom home décor needs. This trend is especially evident because Gen Z has more purchasing power and prefers online shopping.
Furniture printed materials are in high demand. The demand for unique and personalized home furnishings is increasing, such as curtains, upholstery fabrics and bedding. Digital textile printers are being used to meet this demand.
Download the Sample Report for more information on the other factors that are driving the Global Digital Textile Printing Market.
https://www.futuremarketinsights.com/reports/sample/rep-gb-17495
Digital textile printers offer a range of customization options, including the ability to print specific patterns, colors and designs on home textiles. The ability to customize is driving the digital printing market in the home decor industry.
Another key factor driving global digital textile printing industry is the increase in online shopping by consumers
.
The expectations of today’s consumer are high. They expect a personalized and pleasant shopping experience, as well as affordable and high quality clothing in line with the latest seasonal trends. These demands are met by online shopping platforms that offer attractive offers, like seasonal sales and a wide range of apparel options.
Digital textile printers are expected to grow further in popularity as the demand for fast fashion increases. The shift in consumer preferences towards online shopping will also accelerate the market.
The Key Takeaways
From the
Digital Textile Printer Market
Research Report
- Globally, the digital textile printer market is expected to reach US$ 5,304.3 millions by 2033.
- According to the ink segment, it is predicted that the pigment segment will grow at a rate of CAGR 11.1% until 2033.
- Direct-To-Garment, based on the printing process, is expected hold a share of 50.2% or more in 2023.
- By end use, the clothing & apparel segment is projected to reach a valuation of US$ 3,474.0 million by 2033.
- In 2033, it is estimated that the United States digital textiles market will reach US$ 568.0 Million.
- Demand for digital textile printers in India is expected to grow at a CAGR of 8.8% during the assessment period.
“
Concerns about sustainability in the print sector are growing.
The ve increased
Demand for digital textile printers. Digital textile printers provide design flexibility and quicker production rates
. They are used widely around the globe. Key companies are looking to develop advanced printing equipment to expand their customer base.” –
FMI’s lead analyst says
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:
https://www.futuremarketinsights.com/customization-available/rep-gb-17495
Digital textile printing has several advantages over traditional dying, including the ability to reduce waste, and the reduction of water pollution that dyeing causes, the second largest global water pollutant.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
Print-on-demand and a lower price per print make it possible to produce quickly, with profits from any order.
Digital textile printing allows designers to create designs with virtually unlimited color and graphic options. This is a huge improvement over traditional printing methods. Designers can now unleash their creativity to create unique designs.
Benefits extend to the entire supply chain. Digital printing makes it easier to meet production and shipping deadlines, which prevents overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Key
The Winning Strategies of Companies:
Here are some of the most prominent Digital Textile Printer Manufacturers that were profiled in this report. Tier 1 players have a market share of 15% to 25% in the digital printer industry.
- Seiko Epson Corporation
- Kornit Digital Ltd.
- Durst Group A
- Aeoon Technologies GmbH
- J. Zimmer Maschinenbau GmbH
- SPGPrints BV
- Ricoh Company, Ltd
- ATP COLOR S.R.L
- Electronics For Imaging, Inc.
- DCC Group
- MIMAKI ENGINEERING & CO., LTD.
- Konica Minolta, Inc.
- Mutoh Holdings Co. Ltd.
- Dover Corporation
- HP Inc.
- Brother International Corporation
- Other than that, there are very few.
Leading companies concentrate on developing digital textile printing machines that have enhanced features. They also implement various strategies to increase profits, such as mergers, partnerships and acquisitions.
Recent Developments
-
In Dec 2022
ColorJet Group has launched Metro NXT – a high-quality, high-speed digital fabric printer at India ITME 2022.
Get expert insights by engaging with our analyst:
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-17495
Global Digital Textile Printer Market, by Category
By printing process:
- Direct to Garment (DTG).
- Dye-sublimation
- Direct to fabric (DTF)
By Ink
- Sublimation
- Reactive
- Acid
- Disperse
- Pigment
By Machine Type
- Single Pass Printer
- Grand Format Printer
Substrate
- Cotton
- Silk
- Rayon
- Linen
- The use of Polyester
- Polyamide
- Wool
By Sales Channel:
- Manufacturers Direct Sales
- Distributors/Suppliers
By End Use
-
Clothing & Apparels
- T-shirts
- Pants
- Leggings
- Caps
- Sweatshirts
- Hoodies
- Shorts
- Golf Shirts
- Others (Jackets, Tie, etc.)
-
Household
- Bed Linens
- Carpets & Curtains
- Others (Napkins, Towels, etc.)
- Technical Textiles
- Others (Flags & Banners, Décor, etc.)
By Region
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East & Africa
Future Market Insights’ Packaging Division
Future Market Insights’ packaging division offers a comprehensive historical analysis as well as projections of the market for the next 10 years. It also provides a unique dashboard that shows the competitive landscape. From packaging materials and machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. The team has analysed packaging in more than 50 countries using a database of 1,000+ reports. Contact us to learn more about how we can assist.
Search for research reports on packaging:
Market Overview of Digitally Printed Cartons
According to the latest FMI report, the digitally printed cartons will grow at a CAGR between 6.5% and 7% per year over the next decade.
Digital Label Printing Market Development
The global digital label printing market is expected to reach US$ 10,538.3 million in 2022. This demand will grow at a 5.3% CAGR to US$ 17,662.6 million from 2022-2032.
Digital Printing Packaging Demand
The demand for digitally printed packaging is forecasted to be US$ 17,760.7Million in 2022. It will then grow at a CAGR 5.1%, reaching US$ 29206.9Million from 2022 to 2030.
Market forecast for Digital Printing Paper
For a variety of reasons, it is expected that the demand for digital print paper will continue to grow. The digital printing paper is used in various industries such as display packaging, food & beverages packaging.
Oceania Digital Textile Printer Market Segmentation
Recent market research has revealed that the Oceania market for digital textile printers is expected to reach US$ 98.4 millions in 2023. The market is predicted to grow at a CAGR between 2023 and 2033 of 4.3%.
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