Global Digital Textile Printing Market Analysis 2023 – Market Size And Key Drivers

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The Digital Textile Printing Global Market Report 2023 by The Business Research Company, provides digital textile printing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Digital Textile Printing Global Market Report 2023, the market size is expected to grow from $2.55 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 16.46%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital textile printing market size is expected to reach $5.08 billion in 2027 at a CAGR of 14.40%.

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.

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The digital textile printing market 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

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: