The Digital Textile Printing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Textile Printing Global Market Report 2024, The digital textile printing market size has grown rapidly in recent years. It will grow from $2.93 billion in 2023 to $3.39 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to adoption by small and medium enterprises, market competitiveness, reduction in lead times, adoption of digital workflows, customization in fashion industry..
The digital textile printing market size is expected to see rapid growth in the next few years. It will grow to $5.88 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to adoption by smes and emerging markets, competitive market dynamics, fast fashion and quick turnaround, smart textiles and wearables, digital textile design software.. Major trends in the forecast period include technological advancements, material and ink innovations, evolving consumer behavior, global market penetration..
The rising demand from the textile sector is expected to drive the demand for the digital textile printing market going forward. The textile industry involves designing, producing, and distributing yarn and clothing. Digital textile printing adds colour, design, and speciality to textile fabrics. The digital designs are embossed on a variety of fabrics. The growth of the textile sector is fueling the demand for modern printing technologies such as the digital printing of textiles. For instance, according to Textile Technology, a Germany-based up-to-the-minute portal for the technical textiles industry, in 2022, the global textiles sale will reach $995 billion and is expected to reach $1.4 trillion during 2022-2032, registering a compound annual growth rate (CAGR) of 3.77%. Therefore, rising demand from the textile sector will drive the growth of the digital textile printing market.
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The digital textile printing market covered in this report is segmented –
1) By Printing Technique: Screen Printing, Inkjet Printing, Dye Sublimation
2) By Printing Process: Roll To Roll, DTG
3) By Ink Type: Sublimation, Pigment, Reactive, Acid, Other Ink Types
5) By Application: Textile And Decor, Industrial, Soft Signage, Direct To Garment
Top Major Players
AM Printex Solutions
Huntsman Corporation
Seiko Epson Corporation
Mimaki Engineering Co. Ltd.
Kornit Digital
Technology development is a key trend gaining popularity in the digital textile printing market. Major digital textile printing players focus on technology development, such as UV gel technology, to sustain their market position. The UV gel technology combines great printing quality, high performance, and quick drying time in one procedure. UVgel technology separates the printing and curing processes, allowing the UVgel to have time to settle and produce a flat, even coating. For instance, in May 2021, Canon, Japan-based information systems and professional and consumer imaging equipment provider, launched Colorado 1630 UVgel roll-to-roll printer. Colorado 1630 is an industrial-grade printer with integrated UVgel technology. The new adaptable printer technology provides high productivity features, output quality, and media diversity, lower operating costs, improved printer efficiency, decreased waste, and about 40% less ink use.
The digital textile printing market report table of contents includes:
1. Executive Summary
2. Digital Textile Printing Market Characteristics
3. Digital Textile Printing Market Trends And Strategies
4. Digital Textile Printing Market – Macro Economic Scenario
5. Global Digital Textile Printing Market Size and Growth
…………………………
31. Global Digital Textile Printing Market Competitive Benchmarking
32. Global Digital Textile Printing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digital Textile Printing Market
34. Digital Textile Printing Market Future Outlook and Potential Analysis
35. Appendix
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