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 end 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.
But the high price of digital printing equipment still remains a major barrier for many businesses, particularly small- and medium-sized ones. In addition, the increasing demand for eco friendly printing methods as well as sustainable sourcing practices creates opportunities for players on the market to develop and provide more environmentally conscious solutions.
Digital textile printing is expected to continue growing and innovating over the next years. It offers exciting opportunities for companies that are looking to benefit from this rapidly changing industry.
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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.
COVID-19: Potential Impact
FMI predicts that due to the significant disruption in the supply chain, primarily caused by the reduced demand of customers, the industry will fail to reach its financial targets. Aware of the current situation on the market, the leading players are preparing to face the pandemic by building the essential operational flexibility.
Moreover, the pandemic is causing workplaces to be digitally transformed in order to serve users better and prosper over the next few years. The FMI study states that this crisis may create fertile ground for the potential transformation in the digital textile print market.
As manufacturers make progress in digital textile print technology, providers of lithographic and flexography printing processes are gradually shifting to digital printing.
The digital textile printing industry is likely to experience a positive growth outlook, owing its various characteristics and the use of advanced technologies. As the demand for digital printing solutions increases in North America and Canada, manufacturers are expected to benefit from lucrative opportunities.
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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. A high number of orders with shorter runs require multiple jobs, and plate changes are required regularly.
- Digital printers have developed more precise methods of determining equipment types and print run lengths. 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, eye-catching and unique designs were used only for high fashion apparel that was displayed on the stages of the leading fashion weeks all over 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.
People want to purchase exclusive items of clothing that are printed using digital techniques. Big high-fashion brands have reacted to this demand by skillfully implementing these techniques. 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 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 printers require reliable, efficient and low-cost product. The steady growth of the digital textile printing market is fueled by a healthy demand for signage 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 print for corporate apparel, corporate 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 Digital Textile Printing
- Dye Sublimation Digital Textiles Printing
- Direct to fabric (DTF), Digital Textile Printing
Digital Textile Printing Market by Ink:
- Direct Dispersal
Digital Textile Printing Market by Substrate:
- Digital Cotton Printing
- Digital Silk Printing
- Digital Rayon Printing
- Digital Linen Printing
- Digital Polyester Printing
Digital Textile Printing by End Use Market:
- Technical Textiles
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