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 currently occupies 14 percent of the digital printing market worldwide. 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. The market for digital textile printing has grown at a 15.1% CAGR between 2014 and 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 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.
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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 of COVID-19 on the printing industry. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.
The pandemic also has implications for digitally transforming workplaces to better serve end-users and flourish over the next years. According to the FMI study, this crisis could provide fertile ground for the potential transformation of digital textile printing markets.
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 increasingly sought after.
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Study on 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 is more expensive than traditional printing technologies. This means that small volumes of printing will have a higher per-unit cost. You will need to arrange multiple jobs and regularly change your plates because of the high volume of orders.
- Digital printers are seeking more precise ways to determine equipment type 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.
Designers have more options because of the growing interest in digital textile printing.
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.
People want exclusive clothing and high-fashion brands are responding to this demand by using digital textile printing techniques. 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. Designers can expand their creativity with digital textile printing. It gives them the tools they need 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. Digital textile printing is experiencing steady growth due to a 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. 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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Survey of the Digital Textile Printing Industry: Key Segments
Digital Textile Printing Market by Printing Process:
- Digital Textile Printing Direct to Garment (DTG).
- Dye Sublimation Digital Textile printing
- Digital Textile Printing (DTF) Direct to Fabric
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
- Others
Digital Textile Printing Market By End Use
- Clothing
- Households
- Displays
- Technical Textiles
About Future Market Insights, Inc.
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