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 remarkable market growth is primarily due to the increasing penetration of the printing industry in developing markets like India, Mexico, China, and Mexico as well as technological advances that have occurred over time.
The Digital Textile Printing Market will surpass US$ 8 billion by 2029. It is likely to grow moderately at 16.3% CAGR during the assessment period.
Potential Impact of COVID-19
FMI predicts that industry players will fail to reach their financial targets because of significant supply chain disruption and reduced customer demand, given the impact that the COVID-19 pandemic has had on the printing industry. The current market situation has led to leading players building the operational flexibility necessary to survive the pandemic.
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Additionally, the pandemic has created implications for the digital transformation of workplaces to better serve end users. This will allow them to thrive in the coming years. The FMI study suggests that this crisis may provide fertile ground to transform the digital textile printing industry.
Manufacturers are making steady progress in digital textile printing technology. As a result, flexography and other lithographic printers are gradually moving to digital printing.
Due to its many features and the use of advanced technology, the growth outlook for digital textile printing looks promising. Manufacturers will have lucrative opportunities in the U.S.A. and Canada as digital textile printing solutions are in high demand.
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 expand 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. A large number of orders, for shorter runs, requires the organization of multiple jobs and regular plate changes.
- Digital printers are looking for more precise methods to determine the type of equipment and print run lengths. Print service providers are primarily focused on automating their printing processes, as has been shown.
- According to market growth estimates, North America will experience remarkable growth while East Asia is expected to see an incredible increase 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.
These unique pieces of clothing can be made by digital textile printing. Big high-fashion brands have successfully responded to these demands. Digital textile designers are now able to capitalize on this demand for uniqueness.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Designers can expand their creativity with digital textile printing. It gives them the tools they need to create futuristic designs.
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Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers require reliable, efficient, low-cost products. The steady growth of digital textile printing is being supported by a healthy market for signs and displays. 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, team uniforms and corporate clothing, the goal is to increase sales.
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What are you looking forward to in our Report?
(1) Market dynamics are covered in detail in the Global Digital Textile Printing report. This includes market drivers, market influence factors, challenges, opportunities and trends.
(2) The research study also includes a broad section on regional analysis of Global Digital Textile Printing market. Here, important countries and regions are evaluated for their growth potential, consumption, and other factors that indicate their market growth.
(3) Players can make use of the report’s competitive analysis in order to create new strategies or refine their existing ones. This will help them rise above market challenges to increase their share in the Global Digital Textile Printing Market.
(4) The report also examines trends and competitive situations and sheds light upon company expansions, mergers and acquisitions taking place in the Global Digital Textile Printing Market. It also reveals the market concentration rates and market shares for top three to five players.
(5) This report contains the conclusion and findings of the Global Digital Textile Printing Industry research study.
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