The global digital textile printing market is currently valued at around US$ 2.7 BillionIt is expected to grow at an incredible CAGR of 16.3% Reach US$ 8 Billion By the end of 2029.
Digital textile printing has several advantages over screen printing. These include greater design flexibility, reduced waste and faster production. The technology is used in a variety of industries including apparel, home textiles and promotional products.
But the high price of digital printing equipment still remains a major barrier for many businesses, especially smaller and medium-sized companies. In addition, the increasing demand for eco friendly printing methods as well as sustainable sourcing practices creates opportunities for players on the market to develop and provide more environmentally conscious solutions.
The digital textile printing industry is expected to grow and innovate in the next few years. This will provide exciting opportunities for businesses that want to capitalize on this rapidly evolving market.
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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 has been primarily driven by technological advancements and the growing penetration of the print sector in developing countries such as China and India.
Impact of COVID-19
FMI predicts that due to the significant disruption in the supply chain, primarily caused by reduced demand from customers, the industry will fail to reach its financial targets. Leading players have been alerted to the current market conditions and are developing essential operational flexibility in order to survive the pandemic.
The pandemic also has implications for digitally transforming workplaces to better serve the end user and thrive in the coming years. According to the FMI report, this crisis could create fertile grounds for a potential transformation of digital textile printing.
As manufacturers make progress in digital textile print technology, providers of lithographic and flexographic printing technologies are gradually shifting to digital processes.
The digital textile printing industry is likely to experience a positive growth outlook, thanks in part to its unique characteristics and the use of advanced technologies. Manufacturers can expect to find lucrative opportunities in the U.S., Canada and other countries as demand for digital textile print solutions surges.
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Digital Textile Printing Market Study: Key Takeaways
- Direct to Fabric (DTF), the segment that focuses on digital textile printing, is expected grow at an impressive CAGR between 17.5% and 18.5% over the forecast period.
- The cost of digital textile printing per unit is higher than that of traditional printing techniques. The high frequency of short run orders requires multiple jobs as well as regular plate changes.
- Digital printers have developed more precise methods of determining equipment types and print run lengths. It is evident that the main focus of print service providers is to computerize their printing process.
- North America and East Asia will likely experience a rapid growth in the global market for digital textile printing.
Digital Textile Printing Design Opportunities are Growing Due to the Growing Interest in Digital Textile Printing
Earlier on, eye-catching and unique designs were reserved for the most fashionable clothing on display at the biggest fashion weeks in 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 to purchase exclusive items of clothing that are printed using digital techniques. Big high-fashion brands have reacted to this demand by utilizing these techniques. The demand for exclusivity is an opportunity for digital textile designers.
The use of conventional printing techniques can restrict designers from creating unique and high-quality design. Digital textile printing allows designers to expand their creativity, and provides them with the tools they need to create futuristic designs.
Digital Textile Printing Manufacturers can now enter the Signage market
Sign and display printers require reliable, efficient and low-cost product. Digital textile printing is experiencing steady growth due to the 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. The goal is to increase sales by responding to the growing number of short-run jobs in digital printing for corporate apparel, team uniforms, and other events.
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Survey of the Digital Textile Printing Industry: Key Segments
Digital Textile Printing Market by Printing Process:
- Direct to Garment Textile Printing
- Dye Sublimation Textile Printing
- Digital textile printing on Direct to Fabric
Digital Textile Printing Market by Ink:
- Sublimation
- Reactive
- Acid
- Direct Dispersal
- 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 by End Use Market:
- Clothing
- Households
- Displays
- Technical Textiles
Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. Clutch Leaders Award winner 2022 for high client scores (4.9/5), Future Market Insights has been working with global companies to help them achieve their business goals. Our clients include 80% of Forbes 1000 companies. We serve global clients across all leading & niche market segments across all major industries.
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