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 occupies 14% of the global digital printing market. 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.
Request a Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7550
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 disruptions, which may be caused by decreased customer demand. The current market situation has led to leading players building the operational flexibility necessary to survive the pandemic.
Additionally, the pandemic has created implications for the digital transformation of workplaces in order better serve 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 slowly moving to digital printing.
Due to its many features and the use of advanced technology, the growth outlook for digital textile printing looks promising. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.
Contact Our Team for a Flat 20% Discount
Study on 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 a phenomenal CAGR (17.5%) during the forecast period.
- Digital textile printing has a higher set-up cost than traditional printing technologies. Small volume printing can be expensive because of this. Because digital textile printing is more frequent than traditional printing technologies, it requires the organization of multiple jobs and regular plate changes.
- Digital printers are seeking more precise ways to determine equipment type and print run lengths. It is evident that many print service providers 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 incredible growth in global digital textile printing.
Designers are gaining more interest in digital textile printing designs.
Unique and eye-catching designs were used in the past only 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-end fashion brands are responding to these demands with their own innovative designs. Digital textile designers have a great opportunity to meet this new demand for uniqueness.
Designers may not be able to create high-quality designs using traditional printing methods. Digital textile printing allows designers to expand their creativity and give them the tools to create futuristic designs.
Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers require reliable, efficient, low-cost 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, team uniforms and corporate clothing, the goal is to increase sales.
Talk to our Research Expert@ https://www.futuremarketinsights.com/ask-question/rep-gb-7550
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 Textile printing
- Direct to Fabric (DTF), Digital Textile Printing
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
- Other
Digital Textile Printing Market by End-Use:
- Clothing
- Households
- Displays
- Technical Textiles
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. Clutch Leaders Award 2022 was awarded to us for our outstanding client scores (4.9/5). We have been helping global businesses in their journey of business transformation and helping them realize their business ambitions. Our clients make up 80% of the Fortune 1000’s largest companies. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Check out the latest Market Reports https://www.futuremarketinsights.com/reports