PRESS RELEASE
Published February 9, 2023
According to the latest report by IMARC Group, title “Digital Textile Printing Industry: Global Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the global digital textile printing market reached a
value of US$ 2.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.74 Billion by 2027, exhibiting a
CAGR of 8.65% during 2022-2027.
Digital Textile Printing Industry Outlook:
Digital textile printing is a roll-to-roll wide-format inkjet-based technology used by manufacturers to print colorants and designs on various fabrics, such as polyester, silk, and cotton. It involves design development, fabric preparation, ink selection, printing, fixing, and washing, along with pretreatment and post-treatment procedures to assure the permanency of patterns. In addition, it is flexible and durable, saves energy and water, generates less waste, and provides an eco-friendly solution that requires minimal operational space. Owing to these properties, digital textile printing finds extensive applications across electronics, media, advertising, textile, automobile, and other end-use industries.
Market Trends:
The market is primarily driven by the surging demand for printing textiles and fabric materials across various industry verticals. In addition, the rising usage of printed textiles in car interior decor and vehicle wrapping is contributing to the market growth. Moreover, rapid technological advancement and the installation of developed printing solutions that rely on ultraviolet (UV) and eco solvents for publishing operations are acting as other major growth-inducing factors.
Moreover, the extensive use of digital textile printing in clothing, soft-signage, media, automobiles, e-commerce, and advertisement applications for generating promotional banners, flags, labels, wears, and the aesthetically appealing product packaging is augmenting the market growth. Besides this, it is further deployed for printing several electronic devices, such as solar cells, circuit boards, and periodic lateralized epileptiform discharge (PLED), which is providing a positive thrust to the market growth.
Furthermore, strategic collaborations amongst the top players and extensive research and development (R&D) activities for introducing three-dimensional (3D) digital textile printing solutions are anticipated to propel the market growth. Other factors, including rapid urbanization, inflating disposable incomes, and rapidly changing fashion trends, are also creating a positive market outlook.
Key Market Segmentation:
The report has segmented the global digital textile printing market on the basis of printing method, substrate type, ink type, application and region.
Breakup by Printing Method:
• Roll-to-Roll Printing
• Direct-to-Garment Printing
Breakup by Substrate Type:
• Cotton
• Silk
• Polyester
• Others
Breakup by Ink Type:
• Reactive
• Acid
• Direct Disperse
• Sublimation
• Pigments
• Others
Breakup by Application:
• Garment and Apparels
• Home Furnishing Textiles
• Technical Textiles
• Display and Signage
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Aeoon Technologies gmbh, AM Printex Solutions, ColorJet Group, Dover Corporation, Electronics For Imaging Inc., Fisher Textiles Inc., Hollanders Printing Solutions B.V., HP Inc., Huntsman Corporation, Mimaki Engineering Co. Ltd., Ricoh Company Ltd., Roland Corporation and Seiko Epson Corporation.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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