Digital Textile Printing Market
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 primarily by the growing penetration of the printing sector into developing markets such China, Mexico, India, and technological advances that have been made over time.
Digital Textile Printing Market is expected exceed US$ 8 Bn in 2029. The market is likely to grow moderately at 16.3%CAGR over the assessment period.
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.
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Additionally, the pandemic has created implications for the digital transformation of workplaces to better serve end users. This will allow them to thrive in the coming 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 digital textile printing technology. Therefore, flexography, lithographic and printing technology providers are gradually shifting to digital printing.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.
Study of the Digital Textile Printing Market: Key Takeaways
- The demand for direct-to-fabric (DTF), in the global digital textile printing market is unmatched. It is expected to grow at a remarkable CAGR of 17.5% over 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. High order volumes and shorter runs require multiple jobs and regular plate changes.
- Digital printers are seeking more precise ways to determine equipment type and run lengths. Print service suppliers are increasingly focusing on computerizing their printing processes.
- 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.
Growing Interest in Digital Textile Printing Designs is Creating Opportunities For Designers
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.
These unique pieces of clothing can be made by digital textile printing. Big high-fashion brands have successfully responded to these demands. Digital textile designers have a great opportunity to meet this new demand for uniqueness.
Designers may not be able to create high-quality designs using traditional printing methods. Digital textile printing allows designers to expand their creativity and give them the tools to create futuristic designs.
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Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers need reliable, efficient and affordable products. Digital textile printing is experiencing steady growth due to a healthy demand for signs and displays. 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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What are you looking forward to in our Report?
(1) Market dynamics are covered in detail in the Global Digital Textile Printing report. This includes market drivers, market influence factors, challenges, opportunities and trends.
(2) The research study also includes a broad section on regional analysis of Global Digital Textile Printing market. Here, important countries and regions are evaluated for their growth potential, consumption, and other factors that indicate their market growth.
(3) Players can use the report’s competitive analysis to develop new strategies and fine-tune existing ones in order to overcome market challenges and increase their market share in Global Digital Textile Printing.
(4) The report also examines trends and competitive situations and sheds light upon company expansions, mergers and acquisitions taking place in the Global Digital Textile Printing Market. It also reveals the market concentration rates and market shares for top three to five players.
(5) This report contains the conclusion and findings of the Global Digital Textile Printing Industry research study.
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