The new report by Expert Market Research titled, ‘Global Digital Textile Printing Market Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global digital textile printing market, assessing the market based on its segments like ink types, substrates, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2021): USD 1 billion
- Forecast CAGR (2023-2028): 32%
- Forecast Market Size (2027): USD 9 billion
The increasing shift from conventional textile printing to digital textile printing, owing to the high-speed, ease and perfection, and the ability of inkjet printers to make bold and innovative designs. In addition to this, the fixed cost of digital textile printers is low, so is the waste generated in the printing process.
Moreover, the increasing focus of textile producers towards saving energy and labour costs is anticipated to bolster the market growth in the forecast period. Furthermore, the market will be augmented by the growing need for innovative and high-quality textiles in the fashion and clothing industry. Geographically, the Asia Pacific accounts for a significant share in the market, which is driven by the high number of customers and strong foothold of major textile companies in India and China.
Industry Definition and Major Segments
Digital textile printing is defined as a process of using inkjet technology to put designs and colouring to the textiles and garments. In this method, a fabric is selected, pretreated, and then passed through a printer at a high speed, and is subsequently steamed, washed, and dried. Digital textile printing is considered to be the next generation printing, which is fast, reliable, and efficient.
On the basis of ink type, the market can be segmented into:
- Direct Disperse
On the basis of substrate, the market has been segmented into:
The significant applications included in the market are as follows:
- Technical Textiles
The regional markets for digital textile printing include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The key trends in the digital textile printing market include the technological improvements in the inks, consumables, print heads, and printing machinery, which is anticipated to increase the efficiency, cost, and speed of textile printing, thereby, propelling the market in the coming years.
Meanwhile, the changing trends in the fashion and clothing industry, which includes the growing popularity of standardised clothes with bold designs is another key driving factor in the market. Furthermore, the market will be aided by the increasing investments by the textile entrepreneurs in the digital textile printing industry. Hence, these developments are likely to accelerate the market growth in the forecast period.
Key Market Players
The major players in the market are AM Printex Solutions, Dazian, LLC, Digitex India Inc., Fisher Textiles, Inc., and Hollanders Printing Systems B.V., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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