The market for digital textile printing, which is presently estimated to be worth roughly US$ 2.7 billion, is expected to grow at an astounding CAGR of 16.3% to reach US$ 8 billion by the end of 2029.
Digital textile printing currently occupies 14 percent of the digital printing market worldwide. Digital textile printing will be more popular in the coming years due to the increasing popularity of printed flags and banners as well as clothing. Digital textile printing saw a 15.1% increase in demand between 2014-2021.
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 growth is driven primarily by the growing penetration of the printing sector into developing markets like China, Mexico, India, and the technological advances that have been made over time.
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Potential Impact of COVID-19
FMI believes that the COVID-19 Pandemic will have a significant impact on the printing industry. This is because industry players are likely to fail to meet their financial goals due to severe supply chain disturbances, which may be caused by decreased customer demand. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.
Additionally, the pandemic has created implications to digitally transform workplaces to better service end users and prosper over the coming years. The FMI study suggests that this crisis may provide fertile ground to transform the digital textile printing industry.
Manufacturers are steadily making improvements in digital textile printing technology. Therefore, flexography, lithographic and printing technology providers are gradually shifting to digital printing.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. Manufacturers will have lucrative opportunities in the U.S.A. and Canada as digital textile printing solutions are in high demand.
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Study of the Digital Textile Printing Market: Key Takeaways
- The DTF (direct to fabric) segment of the global digital textile printing industry is seeing unmatched demand. This market is forecast to grow at an astounding CAGR (17.5%) during the forecast period.
- Digital textile printing is more expensive than traditional printing technologies. This means that small volumes of printing will have a higher per-unit cost. To be able to handle high volumes of orders with shorter run lengths, you will need to arrange multiple jobs and regularly change your plates.
- Digital printers are seeking more precise ways to determine equipment type and print run lengths. It is evident that many print service suppliers are focused on computerizing their printing processes.
- According to market growth estimates, North America will experience remarkable growth while East Asia is expected to see amazing growth in global digital textile printing.
Designers are gaining more interest in digital textile printing designs.
Unique and eye-catchy designs used to be reserved for haute fashion clothing that was displayed on top fashion week stages 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 are responding to this demand by using digital textile printing techniques. Digital textile designers have a great opportunity to meet this new demand for uniqueness.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Digital textile printing allows designers to expand their creativity and give them the tools to create futuristic designs.
Digital Textile Printing Manufacturers are Opening Up New Opportunities in the Signage Market
Sign and display printers need reliable, efficient and affordable products. The steady market growth in digital textile printing is being supported by a healthy sign and display demand. 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 events, corporate clothing and team uniforms, the goal is to increase sales.
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Survey on the Digital Textile Printing Industry – Key Segments
Digital Textile Printing Market by Printing Process:
- Direct to Garment (DTG), digital textile printing
- Dye Sublimation Digital Printing
- Digital Textile Printing Direct to Fabric (DTF).
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
- Others
Digital Textile Printing Market by End-Use:
- Clothing
- Households
- Displays
- Technical Textiles
About Future Market Insights, Inc.
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