Digital Textile Printing Market
According to a Future Market Insights report, the global digital textile printing industry is expected to grow at a staggering 16.3% CAGR over 2022-2029. 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 the years.
The Digital Textile Printing Market will surpass US$8 Bn in 2029. It is likely to grow moderately at 16.3% CAGR over the assessment period.
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. Leading players have taken note of the market conditions and are attempting to build the necessary operational flexibility in order to survive the outbreak.
Request For Brochure@ https://www.futuremarketinsights.com/reports/brochure/rep-7550
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.
Study of the Digital Textile Printing Market: Key Learnings
Global digital textile printing is expected to grow at 17.5% CAGR during the forecast period.
Digital textile printing is more expensive than traditional technologies and has a higher per-unit cost. A high number of orders, for short run lengths, requires multiple jobs to be arranged and frequent plate changing.
Digital printers seek to be more accurate in determining equipment types and printing run lengths. As it has been seen, print service suppliers 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.
Take 30% off your order by contacting our team
Designers have more options because of the growing interest in digital textile print designs
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.
People want exclusive clothing and high-fashion brands have been responding to their demands by using digital textile printing. Digital textile designers have a great opportunity to meet this new demand for uniqueness.
Designers may not be able to make unique designs using traditional printing techniques. 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. Digital textile printing is experiencing steady growth due to a 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 increasing demand for digital printing services, sales are expected to rise.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Newark, Delaware, 19713, USA, Suite 401
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 worked with many global companies in their journey of business transformation and helped them realize their goals. We are the clients of 80% percent of Forbes 1000 companies. We serve global clients across all leading & niche market segments across all major industries.
OpenPR released this release.