Digital Textile Printing Market Growth Report by 2021-2030


Posted November 23, 2023 by amolss

Surge in demand for 3D printing technologies, advancements in printing methods, and shift in fashion trends drive the growth of the global digital textile printing market.

 
According to the report, the global digital textile printing market was pegged at $2.2 billion in 2019, and is projected to reach $8.8 billion, growing at a 19.1% from 2020 to 2027.

Surge in demand for 3D printing technologies, advancements in printing methods, and shift in fashion trends drive the growth of the global digital textile printing market. However, high cost of equipment and raw materials and the harmful environmental impact of digital textile printing hamper the market. On the contrary, rise in demand from emerging economies creates new opportunities for the market players.

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Covid-19 scenario:
As per the United Nations Conference on Trade and Development (UNCTAD), the outbreak of Covid-19 has impacted the global FDI by 5–15%. This negative impact on the FDI investment hampered manufacturers due to the dearth of raw materials and lockdown across various countries.
However, government relief funds are expected to minimize the overall impact on the market growth.


By ink type, the sublimation segment held the largest share in 2019, accounting for nearly half of the global digital textile printing market, owing to the increasing demand for dye-sublimation and customized printing services. However, the pigments segment is expected to register the highest CAGR of 21.9% during the forecast period, due to surge in penetration of pigments in fashion and sportswear because of their high durability and color stability.

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By application, the display & others segment held the largest share in 2019, contributing to more than half of the global digital textile printing market, due to the shifting trend toward the application of eco-friendly inks in electronic circuits. The circuits are made with scalable inkjet printing using advanced digital textile printing methods. However, the household segment is estimated to portray the highest CAGR of 20.7% during the forecast period. This is due to the superior flexibility of digital textile printing in terms of color and design.


The global digital textile printing market across Europe, followed by Asia-Pacific, dominated in 2019, accounting for more than one-third of the market, owing to presence of large number of manufacturers with a steadily growing demand for digital textile printing. However, the market across Asia-Pacific is expected to register the highest CAGR of 20.7% during the forecast period, due to upsurge in demand for low-cost cotton fabric for household products. The market across North America is expected to register a CAGR of 18.9% during the study period.

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Key benefits for stakeholders

This report provides a detailed quantitative analysis of the current global digital textile printing market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
An in-depth global digital textile printing market analysis of various countries in this region is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global digital textile printing market is provided.
Europe region-wise and country-wise market conditions are comprehensively analyzed in this report.
The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value and volume.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Major market players

Huntsman Corporation
Am Printex Solutions
Ags Transact Technologies Limited
Hollander B.V.
China Dyeing Holdings Ltd.
Dickson Coatings
DazianLlc
Fisher Textilesinc.
Digitex India Inc.
Mehler Texnologies Gmbh
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Issued By Amol Shinde
Business Address pune
Country India
Categories Textile
Tags digital textile printing market share , digital textile printing market size , digital textile printing market growth
Last Updated November 23, 2023