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 now accounts for 14% of all digital printing in the world. The demand for digital textiles is expected to increase in the next few decades due to the increasing popularity of printed banners, flags, and clothing. Digital textile printing market grew by 15.1% CAGR from 2014 to 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 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.
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The Impact of COVID-19
FMI estimates that the COVID-19 pandemic will have a measurable impact on the printing industry. This is due to the disruption of the supply chain caused by reduced customer demand. Aware of the current situation on the market, the leading players are preparing to face the pandemic by building the essential operational flexibility.
The pandemic also has implications for digitally transforming workplaces to better serve the end user and thrive in the coming 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.
The digital textile printing industry is likely to experience a positive growth outlook, thanks in part to its unique characteristics and the use of advanced technologies. 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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Digital Textile Printing Market Study: Key Takeaways
- Direct to fabric (DTF), a segment of the global digital textile print market, is expected to grow at a CAGR of 17.5%.
- The cost of digital textile printing per unit is higher than that of traditional printing techniques. The high frequency of short run orders requires multiple jobs as well as regular plate changing.
- Digital printers strive to determine equipment type 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 Trends Creating New Opportunities for Designers
Previously, only high-fashion clothing was featured on stages at major fashion weeks around the world. Unique and eye-catching designs were not used. 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. Digital textile designers can take advantage of this new demand for uniqueness.
The use of conventional printing techniques can restrict designers from creating unique and high-quality design. Digital textile printing gives designers the ability to express their creativity.
Digital Textile Printing Manufacturers to Benefit from Signage Market
Sign and display printing requires reliable, cost-effective, and efficient products. Digital textile printing is experiencing steady growth due to the healthy demand 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. The goal is to increase sales by responding to the growing number of short-run jobs in digital printing for corporate apparel, team uniforms, and other events.
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Survey on the Digital Textile Printing Industry Segments
Digital Textile Printing Market by Printing Process:
- Digital Textile Printing Direct to Garment
- Dye Sublimation Digital Textiles Printing
- Digital textile printing (DTF) on direct to fabric
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 market by end use:
- Clothing
- Households
- Displays
- Technical Textiles
Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It reveals opportunities that will favour the growth of the market in various segments based on Sources, Applications, Sales Channels and End Uses over the next ten years.
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