Allied Market Research recently published a report, “Digital Textile Printing Market by Ink Type (Reactive, Acid, Direct Disperse, Sublimation, Pigment, and Others) Substrate (Cotton, Silk, Polyester, and Others), Application (Clothing/Garments, Households, Technical Textiles, Display, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″. Global digital textile printing market was valued at $2.0 Billion in 2020 and is expected to reach $7.9 Billion by 2030 at a CAGR 14.8%.
Drivers’ restraints & opportunities
Global digital textile printing market growth is driven by the increasing demand for 3D printers, advances in printing techniques, and a shift in fashion trends. Digital textile printing is hindered by high costs of equipment and materials, and its negative impact on the environment. In fact, the rise in demand for textiles from emerging markets creates opportunities for market players.
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Covid-19 Scenario: The advent of Covid-19 had a dramatic impact on the global digital textile industry.
According to the United Nations Conference on Trade and Development, the Covid-19 outbreak has affected global FDI between 5-15%. The negative impact of the FDI on manufacturers was due to the lack of raw material and lockdown in different countries.
The government’s relief funds will likely have a minimal impact on market growth.
Sublimation dominates the market
Sublimation held the largest market share by ink type in 2019. This was due to the growing demand for dye sublimation and customized textile printing services. The pigments segment, however, is expected to have the highest CAGR, 21.9%, during the forecast period. This is due to the surge in the penetration of pigments into fashion and sportswear, because of their durability and color stability.
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Display & Others segment to manifest fastest CAGR through 2027
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. Circuits are printed using advanced digital textile printing techniques and scalable inkjet. During the forecast period, it is estimated that the household segment will have the highest CAGR at 20,7%. Digital textile printing offers greater flexibility in terms of design and color.
Europe followed by Asia-Pacific, North America and North America held the largest share
In 2019, the global digital textile print market in Europe was dominant, followed by Asia-Pacific. This is due to the presence of a large number of manufacturers and a growing demand for digital printing. The market in Asia-Pacific, however, is expected to have the highest CAGR, at 20.7%, during the forecast period due to the surge in demand for cotton fabrics for household products. North America will register a CAGR in the range of 18.9% for the period under study.
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Major players on the market
Am Printex Solutions
Ags transact technologies Limited
China Dyeing Holdings Ltd.
Digitex India Inc.
Mehler Texnologies Gmbh
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