Digital Textile Printing Market is Expected to Reach USD 5.32 billion, Registering a CAGR of 11.49% | Trends, Share and Scope by 2029

PRESS RELEASE
Published March 20, 2023

 

Global Digital Textile Printing Market

The Global Digital Textile Printing Market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.

The textile market is developing rapidly. 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. Production of printed textiles globally is expected to extent 37.3 billion square meters by 2024. It is anticipated that by 2024 digital textile printing will control 5 to 10 % of the textile printing market. There is enormous pressure on the time to market for textile printing companies and thus on efficiency, flexibility, faster sampling, increasing print speeds, and design. In order to attain such goals, the market basically needs to look at other methods to print on the fabric.

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Some of the major players operating in the digital textile printing market are:

  • 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. (Japan)
  • Ricoh (Japan)
  • DuPont (US)
  • Electronics For Imaging, Inc. (US)
  • Huntsman International LLC (US)

Digital Textile Printing Market Dynamics

Drivers

  • High resolution, fine patterns and flexibility

In digital textile printing use the combination of unlimited colour, these digital printer are not limited to a maximum amount of rotary screens. Comparison to rotatory screen Digital textile printing uses less space. Furthermore, it uses less ink and power Digital textile printing doesn’t require water for sublimation. All these factors keep the costs low which are the main reason for the growth of the market.

  • Rise in due to fast fashion products

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.

  • Rise the demand in packaging sector

Digital textile printing technology is used in the packaging sector for grading, identification, labelling, branding, and a variety of packaging solutions. The face of the textile printing industry is changing as digital textile printing and these technologies improve and expand.

Opportunities

The advanced digital printing technology involves using mild solvents and less-harmful chemicals than those used in conventional printing technologies, such as solid ink printing and offset printing. Therefore, with the growing focus on cost effective productions and green printing the demand for digital printing solutions is increasing in the digital textile printing market. 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.

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Restraints/ Challenges

The price of the digital textile printing machines is much higher than the conventional textile printing machines because the entire cost of ownership such as operators, service expenses, water, energy, ink, fabric post-treatment, etc. of conventional is higher than digital textile printing. The one meter of fabric of digital textile printing is roughly 1.5X more expensive as compared to traditional printing. Moreover, professional and trained workers are required to operate digital printing machine. So, these are the major market restrains that will obstruct the market’s growth rate.

This digital textile printing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital textile printing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Digital Textile Printing Market

Due to the outbreak of the COVID-19 pandemic, many countries have imposed lockdowns that compelled consumers to stay indoors. This affected the signage and fashion industry and drastically declined the product’s demand. Many display graphics companies affected enormously because of this epidemic. But, as the situation normalized, the demand for newer fabrics has augmented. The capability of the digital printing to shorten the cycle time which allowed digitally printed textiles to perform better than the overall textile market during the pandemic.

Global Digital Textile Printing Market Scope

Process

  • Direct-to-Garment
  • Direct-to-Fabric

 Printing Process

  • Roll to Roll Process
  • DTG Process

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Ink Type

  • Sublimation
  • Pigment
  • Reactive
  • Acid
  • Others

Application

  • Industrial
  • Textile
  • Advertisement
  • Clothing and Apparel
  • Soft Signage

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