Digital Textile Printing Market
A new Future Market Insights Report (FMI), suggests that the global digital textile printing industry will experience a 16.3% compound annual growth rate over 2022-2029. 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.
Digital Textile Printing Market is expected exceed US$ 8 Bn in 2029. The market is likely to Grow Moderately at 16.3%CAGR over 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 disruptions caused by lower 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.
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The pandemic also has implications for digitally transforming workplaces to better serve end-users and flourish over the next 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. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.
Study of the Digital Textile Printing Market: Key Takeaways
The demand for direct-to-fabric (DTF), in the global digital textile printing market is unmatched. It is expected to grow at a remarkable CAGR of 17.5% over 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. A high number of orders for short runs requires multiple jobs and frequent plate changing.
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.
Market growth is predicted to be phenomenal in North America and East Asia, which will witness remarkable growth in the global digital printing market.
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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 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 are Opening Up New Opportunities in the 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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This release was published by openPR.