Digital Textile Printing Market Anticipated To grow at a CAGR of 16.3% by 2029

Report such as Digital Textile Printing Market helps to know that how the market is going to perform in the forecast years by giving information about market definition, classifications, applications, and engagements. Digital Textile Printing Market segmentation is also covered in detail by considering several aspects that is sure to help businesses out there. A team of multi-lingual analysts and project managers is skilled to serve clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets.

The global digital textile printing market is currently valued at around US$ 2.7 Bn, and is anticipated to progress at a phenomenal CAGR of 16.3% to reach US$ 8 Bn by the end of the year 2029.

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Top Key players Covered- 

• Durst Group (Durst Phototechnik Ag)
• Electronics For Imaging Inc.
• Konica Minolta Inc.
• Kornit Digital Ltd.
• Mimaki Engineering Co. Ltd.
• Roq International
• Sawgrass Technologies Inc.
• Seiko Epson Corporation
• Spgprints B. V.
• The M&R Companies

Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic. In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes.

Growth outlook of the digital textile printing seems promising, owing to its numerous characteristics and use of advanced technology. The U.S. and Canada are projected to offer lucrative opportunities to manufactures as the demand for digital textile printing solutions in these countries surges.

Key Takeaways from Digital Textile Printing Market Study

• The direct to fabric (DTF) segment is experiencing unmatchable demand in the global digital textile printing market, expected to expand at an impressive CAGR of 17.5% during the forecast period.
• As compared to traditional printing technologies, digital textile printing requires higher primary set-up cost, and hence, per unit cost is high for small volume printing. Moreover, high frequency of orders for shorter run lengths requires arranging multiple jobs and regular plate changing.
• Digital printers are pursuing more precise ways of determining the equipment type and run lengths for printing. It has been witnessed that print service suppliers are mainly aiming on computerizing their printing processes.
• In terms of market growth, North America and East Asia are estimated to witness astonishing growth in the global digital textile printing market.

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Growing Inclination Towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. 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.

By using digital textile printing techniques, people want to buy these exclusive pieces of clothing, and big high-fashion brands are skillfully reacting to those demands. This new request for uniqueness is a fruitful opportunity for digital textile designers.

Conventional printing methods can limit designers to create unique high-quality designs. Digital textile printing helps designers expand their creativity and gives them the right tools to create futuristic designs.

Key Segments of Digital Textile Printing Industry Survey

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