Digital Textile Printing Market
The market for digital textile printing, which is presently estimated to be worth roughly US$ 2.7 billion, is expected to grow at an astounding CAGR of 16.3% to reach US$ 8 billion by the end of 2029.
Digital textile printing currently occupies 14 percent of the digital printing market worldwide. It is expected that digital textile printing will become more popular as printed flags, banners and clothing increase in popularity over the next few years. Digital textile printing saw a 15.1% increase in demand between 2014-2021.
The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by a new Future Market Insights (FMI) report. This market growth is driven mainly by the growing penetration of the printing sector into developing markets such China, Mexico, India, and the technological advancements that took place over time.
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Potential Impact of COVID-19
FMI believes that the COVID-19 Pandemic will have a significant impact on the printing industry. This is because industry players are likely to fail to meet their financial goals due to severe supply chain disruptions, which may be caused by decreased customer demand. The current market situation has led to leading players building the operational flexibility necessary to survive the pandemic.
The pandemic also has implications for digitally transforming workplaces to better serve end-users and flourish over the next years. According to the FMI study, this crisis could provide fertile ground for the potential transformation of digital textile printing markets.
Manufacturers are steadily making improvements in quality digital textile print technology. Therefore, flexography, lithographic and printing technology providers are slowly moving to digital printing.
Due to its many features and the use of advanced technology, the growth outlook for digital textile printing looks promising. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.
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Study on Digital Textile Printing Market – Key Takeaways
- The DTF (direct to fabric) segment of the global digital textile printing industry is seeing unmatched demand. This market is forecast to expand at a phenomenal CAGR (17.5%) during the forecast period.
- Digital textile printing has a higher set-up cost than traditional printing technologies. Small volume printing can be expensive because of this. A high number of orders for short runs requires multiple jobs and frequent plate changing.
- Digital printers are seeking more precise ways to determine equipment type and print run lengths. Print service providers are primarily focused on automating their printing processes, as has been shown.
- According to market growth estimates, North America will experience remarkable growth while East Asia is expected to see remarkable growth in global digital textile printing.
Designers are gaining more interest in digital textile printing designs.
In the past, only high-fashion clothing was allowed to showcase eye-catching designs. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.
People want exclusive clothing and high-fashion brands are responding to this demand by using digital textile printing techniques. This is an opportunity for digital textile designers to capitalize on this demand for uniqueness.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Digital textile printing allows designers to expand their creativity and give them the tools to create futuristic designs.
Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers need reliable, efficient and affordable products. The steady market growth in digital textile printing is being supported by a healthy sign and display demand. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. In response to increasing demand for digital textile printing, sales will increase.
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Survey of the Digital Textile Printing Industry: Key Segments
Digital Textile Printing Market by Printing Process:
- Direct to Garment (DTG), Digital Textile Printing
- Dye Sublimation Digital Textile printing
- Direct to Fabric (DTF), digital textile printing
Digital Textile Printing Market by Ink:
- Sublimation
- Reactive
- Acid
- Direct disperse
- Pigment
Digital Textile Printing Market by Substrate:
- Digital Cotton Printing
- Digital Silk Printing
- Digital Rayon Printing
- Digital Linen Printing
- Digital Polyester Printing
- Others
Digital Textile Printing Market by End-Use:
- Clothing
- Households
- Displays
- Textiles for technical purposes
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. Clutch Leaders Award 2022 was awarded to us for our outstanding client scores (4.9/5). We have been working closely with global businesses in their journey of business transformation and supporting them in achieving their business goals. Our clients make up 80% of the Fortune 1000’s largest companies. We serve global clients across all leading & niche market segments across all major industries.
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