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.
The digital textile printing sector now accounts for 14% in the global digital printing market. Digital textile printing will be more popular in the coming years due to the increasing popularity of printed clothing, flags and banners. The market for digital textile printing has grown at 15.1% between 2014 and 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 remarkable market growth can be attributed to the increasing penetration of printing in emerging markets like India, Mexico, China and Mexico as well as technological advances that have occurred over time.
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Possible Impact of COVID-19
FMI predicts that industry players won’t be able to achieve their financial goals due to significant supply chain disruption, resulting from lower customer demand, given the impact COVID-19 has had on the printing industry. The current market environment has led to leading companies building the operational flexibility necessary for survival of the pandemic.
Additionally, this pandemic is causing implications that digitally transform workplaces so they can better serve their end users. This will allow them to flourish in the years ahead. The FMI study suggests that this will create an opportunity for digital textile printing to transform.
The quality of digital textile printing is improving and manufacturers are gradually shifting from lithographic and flexography to digital processes.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. Manufacturers will find lucrative markets in Canada and the United States as a result of increased demand for digital printing solutions.
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Study on Digital Textile Printing Market – Key Findings
- Direct to Fabric (DTF), a segment of the digital textile printing industry, is seeing unmatched demand. It will grow at a remarkable CAGR (17.5%) during the forecast period.
- Digital textile printing is more expensive than traditional technologies and has a higher per-unit cost. Due to the high volume of orders and shorter runs, it is necessary to arrange multiple jobs as well as regular plate changes.
- The digital printer is utilizing more accurate methods to determine the type of equipment and print run times. As it has been seen, print service providers are focused on computerizing their printing processes.
- Market growth is predicted to be phenomenal in North America and East Asia, which will witness remarkable growth in digital textile printing.
There is a growing interest in digital textile printing designs, creating opportunities for designers
Unique and striking designs used to be reserved for haute fashion clothes that were exposed at top fashion week events around the world. 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 can be purchased by people using digital textile print techniques. Big high-fashion fashion brands have successfully responded to these demands. Digital textile designers have a great opportunity to meet this new demand for uniqueness.
Traditional printing can make it difficult for designers to design unique, high-quality designs. Designers can expand their creative potential and have the tools they need to make futuristic designs with digital textile printing.
Digital Textile Printing Manufacturers are Opening Up New Markets in Signage
Display printers require reliable and efficient products that are affordable. The steady growth of digital textile printing continues to be supported by a strong demand for signs. 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 printing services, sales are expected to rise.
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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 Printing
- Direct to Fabric 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
- Andere
Digital Textile Printing Market by End-Use:
- Clothes
- The Household
- Displays
- Tech Textiles
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