The global digital textile printing market The current value is approximately US$ 2.7 BnIt is expected to grow at an incredible CAGR of 5%. 16.3% To reach US$ 8 billion By the year 2029
The digital textile printing market has experienced substantial growth in recent years, driven by advancements in printing technology and increasing demand for personalized and sustainable clothing options. This market is projected to maintain its upward trend with a CAGR of approximately 5%. 16.3% Between 2022 and 2029
There are many advantages to digital textile printing over traditional screen printing. They offer greater flexibility in design, less waste and quicker production times. This technology is now being used across many end-use industries such as fashion, apparel, home textiles and promotional items.
The high price of digital printing equipment is a major barrier for small to medium-sized companies. Market players have the opportunity to offer environmentally-conscious solutions due to increasing demand for sustainable sourcing methods and eco-friendly printing techniques.
Digital textile printing is set to experience continued innovation and growth in the next few years. This will offer exciting opportunities to companies who want the best of this 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. This market’s remarkable growth has been largely driven by the growing penetration of digital textile printing sectors in developing countries such as China, Mexico and India and technological improvements that have happened over time.
Potential 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.
The pandemic also has implications for digitally transforming workplaces to improve end user service and 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.
The quality of digital textile printing is improving and manufacturers are gradually shifting from lithographic and flexography to digital processes.
Due to the many advantages of digital textile printing and its use of modern technology, it seems that there is a good chance for growth. As the market for digital textile printing solutions increases in North America and Canada, manufacturers will have lucrative options.
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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. A large number of orders with shorter runs requires the organization of multiple jobs as well regular plate changes.
- The digital printers have a better way of knowing the type of equipment and how long it will take to print. 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.
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. The digital textile designer has a golden opportunity with this 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 market growth in digital textile printing is being 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. Due to an increasing number of digital textile printing jobs, including short-runs for corporate apparel, team uniforms and corporate clothing, the goal is to boost sales.
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Survey of the Digital Textile Printing Industry: Key Segments
Digital Textile Printing Market by Printing Process:
- Direct to Garment 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
- Other
Digital Textile Printing: End Use
- Kleidung
- Housing
- Displays
- Textiles for technical purposes
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