Digital Textile Printing Market
According to a Future Market Insights report, the global digital textile printing market will grow at a staggering 16.3% CAGR over 2022-2029. This market growth is driven primarily by the growing penetration of the printing sector into developing markets like China, Mexico, India, and technological advances that have been made 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 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 disturbances, 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.
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Additionally, the pandemic has created implications for the digital transformation of workplaces in order better serve end users and prosper over the coming years. According to the FMI study, this crisis could provide fertile ground for the potential transformation of digital textile printing markets.
Manufacturers are steadily making improvements in digital textile printing technology. Therefore, flexography, lithographic and printing technology providers are slowly 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 in high demand.
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 expand 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. A large number of orders, for shorter runs, requires the organization of multiple jobs and regular plate changes.
Digital printers are looking for more precise methods to determine the type of equipment and print run lengths. It is evident that many print service suppliers are focused on computerizing their printing processes.
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 have more options because of the growing interest in digital textile printing.
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.
These unique pieces of clothing can be made by digital textile printing. Big high-fashion brands have successfully responded to these demands. This is an opportunity for digital textile designers to capitalize on this demand for uniqueness.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Designers can expand their creativity with digital textile printing. It gives them the tools they need 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 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, corporate clothing and team uniforms, the goal is to increase sales.
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