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 market growth is driven mainly by the growing penetration of the printing sector into developing markets like China, Mexico, India, and technological advances that have been made over time.
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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 to digitally transform workplaces to better service 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 making steady progress in digital textile printing technology. As a result, flexography and other lithographic printers are gradually moving to digital printing.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. 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 of the 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 an astounding 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. In order to meet the high demand for short run runs, multiple jobs must be arranged and plates should be changed regularly.
- 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.
- According to market growth estimates, North America will experience remarkable growth while East Asia is expected to see extraordinary growth in the global digital textile printing industry.
Designers are gaining more interest in digital textile printing designs.
In the past, only high-fashion clothing was allowed to showcase eye-catching designs. 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.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. 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 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, corporate clothing and team uniforms, the goal is to increase sales.
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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
- 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
- Other
Digital Textile Printing Market By End Use
- Clothing
- Households
- Displays
- Textiles for technical purposes
About Future Market Insights, Inc.
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