Digital Textile Printing Market is Expected to Register at a CAGR of 11.49%
The Data Bridge Market Research report, curated by an expert team, includes an in-depth analysis of the market, import/export analyses, pricing analyses, production consumption analyses, patent and technological developments.
The textile printing market is growing quickly. The significant trends such as increasing purchasing capability, growing population and rapidly changing fashion trends are the key drivers for growth in the textile printing market. By 2024, the global production of printed textiles is expected to reach 37.3 billion sq. meters. Digital textile printing is predicted to account for 5-10% of the market by 2024. The time to market is under immense pressure for textile printing firms, as well as efficiency, flexibility, quicker sampling, increased print speeds and design. The market needs to explore other methods of printing on fabric in order to achieve these goals.
Sample Reports are Available
There are a few major players on the digital textile printing industry:
- Aeoon Technologies GmbH, Austria
- d.gen (South Korea)
- Konica Minolta Business Solutions India Private Limited (Japan)
- Mimaki Engineering Co. Ltd. (Japan)
- Mutoh Holdings Co. Ltd.
- Ricoh (Japan),
- DuPont (US).
- Electronics For Imaging, Inc.
- Huntsman International LLC, US
Digital Textile Printing Market Dynamics
- High resolution, fine patterns with flexibility
In digital textile printing use the combination of unlimited colour, these digital printer are not limited to a maximum amount of rotary screens. Comparing digital textile printing to rotary screen, it takes up less space. Furthermore, it uses less ink and power Digital textile printing doesn’t require water for sublimation. All of these factors reduce the cost, which is what drives the market.
- Fast fashion is a major cause of the rise in demand for clothing
The growing demand for “fast fashion” products due to changing the behaviour of consumers, faster adaptability, rapid urbanization, and increasing disposable income and reduced time span of fashion designs are anticipated to drive the demand for digital textile printing solutions in the apparel and garment sector.
- Demand for packaging is on the rise
Digital textile printing technology is used in the packaging sector for grading, identification, labelling, branding, and a variety of packaging solutions. Digital textile printing and the technologies that support it are improving and expanding.
In comparison to conventional printing techniques, such as offset printing and solid ink print, digital printing is a more environmentally friendly option. The digital textile market is experiencing an increase in demand for digital printing due to the focus on cost-effective printing and green printing. Furthermore, an increase in the new emerging market and new strategic collaborations will also act as market drivers, which will further increase the useful opportunities for the market’s growth rate.
View Table of Content Detailed @
The digital textile printers are much more expensive than conventional machines. This is because of the total cost of ownership including operator, service costs, water, energy and ink. Digital textile printing costs more than conventional printing. The one meter of fabric of digital textile printing is roughly 1.5X more expensive as compared to traditional printing. To operate a digital printing machine, you need to be a professional. So, these are the major market restrains that will obstruct the market’s growth rate.
COVID-19 Impact of Digital Textile Printing Market
Many countries have implemented lockdowns to force consumers to remain indoors due to the COVID-19 outbreak. This affected the signage and fashion industry and drastically declined the product’s demand. The epidemic has had a huge impact on many display graphics businesses. As the situation began to normalize, demand for more modern fabrics increased. Digital printing’s ability to reduce cycle times allowed digitally-printed textiles to outperform the textile market overall during the pandemic.
Global Digital Textile Printing Market Overview
- Roll to Roll Process
- DTG Process
- Clothing and Apparel
- Soft Signage
Check out the DBMR Analysed Report:
Blended meat market To Surge with Healthy CAGR by , ShareKey Growth Drivers, Challenges, Trends and Segmentation Outlook
Cannabidiol (CBD) Testing Market is expected to reach the Value by the end of Share, Growth, Demand and Opportunity Outlook
Wall Décor Market Is Likely to Upsurge by Share, Trend, Demand and Challenges
Colored Gemstones market The CAGR growth by share, trends, competitive scenario and industry growth analysis are all shown in a striking way.
Algae Products Market The market is likely to grow with a CAGR of excellent by share, trend, demand, market dynamics and challenges
Data Bridge Market Research
Data Bridge is a market research and consulting company with neoteric, unconventional approaches and an unparalleled level of resilience. We are committed to uncovering the best market potentials and fostering efficient information to help your business thrive on the market. Data Bridge aims to deliver appropriate solutions to complex business problems and facilitate a decision-making procedure that is easy.
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: 0852 8192 7475