The global digital textile printing market is currently valued at around US$ 2.7 BillionIt is expected to grow at an incredible CAGR (Compound Annual Growth Rate) of 16.3% Reach US$ 8 Billion By the end of 2029.
Digital textile print offers many advantages to screen printing including more design flexibility, less waste and quicker production. This technology has been adopted by many industries.
The high price of digital equipment is a barrier for entry to many businesses, especially small and medium sized ones. As the demand for environmentally friendly printing and sustainable sourcing methods increases, market players have more opportunities to offer solutions that are eco-friendly.
The digital textile print market will continue to grow and innovate in the next few years. This offers exciting business opportunities for those companies that want to capitalize on this fast-evolving industry.
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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. The growth of this market is largely due to the increasing penetration in emerging markets like China, Mexico and India and technology advancements.
Effects of COVID-19
FMI predicts that due to the significant disruption in the supply chain, primarily caused by lower customer demand, the industry will fail to reach its financial goals. Aware of the current situation on the market, the leading players are creating essential operational flexibility in order to survive the epidemic.
Also, this pandemic has led to the digital transformation of workplaces for better service to end-users and to thrive in the coming years. The FMI study states that this situation could be a catalyst for the potential transformation of digital textile printing.
Digital textile printing is slowly becoming more popular as manufacturers improve their digital textile printing technologies.
Digital textile printing is expected to grow rapidly, thanks to the many characteristics of this technology and its use. As the demand for digital printing in North America and Canada increases, manufacturers will have lucrative business opportunities.
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Digital Textile Printing Market Study: Key Findings
- Direct to Fabric (DTF), a segment of the digital textile market that is expected to grow at a CAGR exceeding 17.5%, has unmatched demand.
- Digital textile printing is more expensive than traditional technologies. The cost per unit of printing small volumes can be high. The high volume of shorter-run printing orders also requires the use of multiple jobs as well as regular plate replacement.
- The digital printers have developed more accurate ways to determine the type of equipment and print run. Print service providers are known to be focusing on automating their print processes.
- North America, East Asia and Europe are expected to grow at a phenomenal rate in the global market for digital textile print.
Digital Textile Printing Design Opportunities are Growing Due to the Inclination Towards Digital Textile Printing
In the past, only high-fashion clothing was used to showcase unique and attractive designs. These were displayed on stages at the most prestigious fashion weeks 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.
People want these unique pieces of clothing and the big brands in high fashion are responding to this demand with skill. Digital textile designers can take advantage of this new demand for exclusivity.
The use of conventional methods for printing can restrict designers from creating unique and high-quality design. Digital textile printing allows designers to expand their creativity, and provides them with the tools they need to create futuristic design.
Digital Textile Printing Manufacturers can now enter the Signage market
The demand for reliable and cost-effective products is high among sign and display printers. Digital textile printing is experiencing steady growth due to the healthy demand for signage 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 the growing number of short-run jobs in digital printing for team uniforms, corporate clothes, events and other uses, it is intended to boost sales.
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Survey on the Digital Textile Printing Industry Segments
Digital Textile Printing Market by Printing Process:
- Digital Textile Printing Direct to Garment
- Dye Sublimation Textile Digital Printing
- Direct to fabric (DTF), Digital textile printing
Digital Textile Printing Market by Ink:
- Sublimation
- React
- 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
- Other
Digital Textile Printing market by end use:
- Clothing
- Homeowners
- Displays
- Techni textiles
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 winner 2022 for high customer score (4.9/5), Future Market Insights has been working with multinational enterprises to help them achieve their goals. We are clients of 80% the Forbes 1000 largest enterprises. We serve global clients across all leading & niche market segments across all major industries.
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