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. It is expected that digital textile printing will become more popular as printed flags, banners, clothing and other items increase in popularity. 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 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.
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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. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.
Additionally, the pandemic has created implications to digitally transform workplaces to better service 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 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.
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Study on 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 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. Due to the high volume of orders, which are often for shorter runs, it is necessary to arrange multiple jobs and regularly change plates.
- Digital printers are seeking more precise ways to determine equipment type and 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 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. This is an opportunity for digital textile designers to capitalize on this 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 Open New Doors to 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. In response to increasing demand for digital textile printing, sales will increase.
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Survey of 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
- Direct to Fabric (DTF), Digital Textile printing
Digital Textile Printing Market by Ink:
- Direct disperse
Digital Textile Printing Market by Substrate:
- Digital Cotton Printing
- Digital Silk Printing
- Digital Rayon Printing
- Digital Linen Printing
- Digital Polyester Printing
Digital Textile Printing Market By End Use
- Technical Textiles
About Future Market Insights, Inc.
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