The global digital textile printing market is currently valued at around US$ 2.7 BillionThe CAGR is predicted to be a staggering of 16.3% Reach US$ 8 Billion By the year 2029.
Digital textile printing is faster and more flexible than traditional screen printing. It also offers lower waste. This technology is now being used across a wide range of end-use industries such as fashion and apparel.
The high cost of digital equipment is a barrier to entry for many businesses, especially small and medium sized ones. As the demand for environmentally friendly printing methods and sustainable sourcing techniques increases, market players are also able to offer more environmentally-conscious solutions.
The digital textile printing industry is expected to grow and innovate in the next few years. This will provide exciting opportunities for businesses that want to capitalize on this rapidly evolving market.
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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 incredible market growth is largely driven by the increasing penetration of printing in developing markets like China, Mexico and India and technological advances that have occurred over time.
Impact of COVID-19
FMI estimates that the COVID-19 pandemic will have a measurable impact on the printing industry. This is due to significant supply chain disruptions, which are a result of reduced customer demand. Leading players have been alerted to the current market conditions and are building operational flexibility essential for survival.
In addition, this pandemic has led to implications of digitally changing workplaces so that they can better serve their end users and thrive for the next few years. The FMI study states that this crisis may create a fertile environment for the potential transformation in the digital textile print market.
As manufacturers make progress in digital textile print technology, providers of flexography and other lithographic processes are gradually shifting to digital printing.
Digital textile printing is expected to grow rapidly, thanks to its many characteristics and advanced technology. Manufacturers can expect to find lucrative opportunities in the U.S., Canada and other countries as demand for digital textile print solutions surges.
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The key takeaways from the Digital Textile Printing Market Study
- The global digital textile market is projected to expand at a CAGR exceeding 17.5% between 2017 and 2022.
- Digital textile printing is more expensive than traditional printing methods, so the cost per unit of printing small volumes will be higher. The high frequency of short run orders requires multiple jobs as well as regular plate changes.
- Digital printers strive to determine equipment types and printing run lengths more precisely. Print service providers are known to be focusing on automating their printing processes.
- North America, East Asia and Europe are expected to grow at a phenomenal rate in the global digital fabric printing market.
Digital Textile Printing Design Opportunities are Growing Due to the Growing Interest in Digital Textile Printing
Earlier, only high-fashion clothing was used to showcase unique and eye catching designs on stages at major fashion weeks 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.
The demand for exclusive clothing is being met by big fashion brands, who are able to meet this demand with the help of digital textile printing. The demand for exclusivity is an opportunity for digital textile designers.
Designers are limited by conventional printing methods to produce unique, high-quality designs. Digital textile printing allows designers to expand their creativity, and provides them with the tools they need to create futuristic designs.
Digital Textile Printing Manufacturers to Benefit from Signage Market
Sign and display printing requires reliable, cost-effective, and efficient products. The steady market growth of digital textile printing is fueled by the demand for signs, displays and other products. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. The goal is to increase sales by responding to the growing number of short-run jobs in digital print for corporate apparel, team uniforms, and other events.
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Survey of the Digital Textile Printing Industry: Key Segments
Digital Textile Printing Market by Printing Process:
- Direct to Garment Textile Printing
- Dye Sublimation Digital Textiles Printing
- Direct to Fabric Digital Textile Printing
Digital Textile Printing Market by Ink:
- Sublimation
- Reactive
- Acid
- Direct Dispersal
- 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 by End Use Market:
- Clothing
- Households
- Displays
- Textiles for technical use
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