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| Digital Textile Printing Market Growth |
The digital textile printing market enables on-demand, customized printing of
textiles with better dye system and quality, minimizing waste as compared to
traditional analog printing. Digital textile printing uses digital printers for
textile printing by controlled, digital ink deposition on various fabrics. The
growth in demand for short run textile printing, advancements in digital
printer technologies and benefits such as cost-effectiveness and lead time
reduction are driving the demand for digital textile printing.
The Global
digital textile printing market is estimated to be valued at US$ 2.70 Bn in
2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to
2031.
Key Takeaways
Key players: Key players operating in the Digital
Textile Printing Market Growth are Seiko Epson, Mimaki Engineering,
Kornit Digital, D.Gen, RolandDG Corporation, Dover Corporation, Konica Minolta,
Brother Industries, Colorjet, Jakob Müller Group, Epson, Mimaki
Engineering Co., Ltd., SPGPrints, and Optimum Digital Planet, Grafix.
Key opportunities: The key opportunities in the market include growth in demand
for customized textile products, increasing demand from end-use industries such
as clothing, advertising and home decor and technological advancements in
printing methods and inks.
Global expansion: With increasing global demand for digitally printed textiles,
key players are expanding their manufacturing facilities and distribution
networks globally especially in Asia Pacific and Middle East & Africa
region. Acquisitions and partnerships are also shaping competition in the
market.
Market drivers
The major market driver for the digital textile printing market is the growing
demand for short run textile printing. Short run textile printing enables
on-demand and customized printing in low volumes. This has increased the
applicability of digital printers replacing the traditional screen and
roll-to-roll printing. Other key drivers include cost-effectiveness of digital
textile printing over analog printing methods for short runs, advancements in
dye-sublimation and pigment-based inks delivering high pint resolution and
quality, and reducing lead times.
PEST Analysis
Political: The government regulations and trade policies related to textile and
printing industry have an influence on the growth of the digital textile
printing market. Some rules determine which chemicals and processes are
allowed.
Economic: The growing fashion and apparel industry drives demand for advanced
printing techniques. Digital textile printing improves productivity, saves
costs and enables production of smaller batch sizes. This benefits
manufacturers and consumers.
Social: Consumers today expect versatility, uniqueness and personalization.
Digital printing meets demand for customized designs, short product life cycles
and fast fashion trends. It allows producing clothing designs tailored to
different customer segments.
Technological: Technologies like inkjet, DTG and roll-to-roll printing have
advanced, improving image quality, color capability and speed. Integration of
AI, IoT and data analytics is optimizing processes. R&D focuses on
expanding material compatibility and developing sustainable inks.
Geographical concentration
In terms of value, Europe accounts for a significant share of the digital
textile printing market currently, followed by North America and Asia Pacific
region. This is attributed to presence of leading textile manufacturers and
technology adoption.
Fastest growing region
Asia Pacific region is poised to grow at the fastest pace during the forecast
period. This growth can be attributed to rising apparel consumption, increasing
number of textile companies, availability of cheap labor and large consumer
base in emerging economies like China and India.
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Textile Printing Market