Digital Textile Printing Market Overview:
Global digital textile printing market was valued at $1,245 million in 2015, and is expected to reach $3,943 million by 2022, registering a CAGR of 17.9% between 2016 and 2022. Digital textile refers to any inkjet-based procedure of printing colorants onto fabric, and is used on smaller garments, such as promotional wear, t-shirts, jackets, and on large format rolls of textile. Digital textile printing provides opportunities, owing to increase in demand for advertisements and corporate branding, such as flags, retail graphics, and banners.
The global digital textile printing market is segmented based on ink type, substrate, application, and geography. Based on ink type, it is categorized into reactive, acid, direct disperse, sublimation, pigment, and others. On the basis of substrate, it is classified into cotton, silk, polyester, and others. By application, it is divided into clothing/garments, households, technical textiles, display, and others. The silk substrate segment is anticipated to register a significant CAGR of 18.6% during the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pockets, By Application
The household segment offers maximum market potential, owing to increase in demand for textile printing in China and India. Moreover, increase in the number of textile printing methods, rise in per capita disposable incomes of consumers, advancements in technology, and increase in introduction of efficient high quality inks further boost the growth for this segment. The household segment is expected to register a CAGR of 19.3% during the forecast period. However, rise in concerns related to health hazards associated with the toxicity of inks may affect the overall market growth in the developed and the developing countries. Investments in R&D activities to produce novel textile printing inks are expected to provide lucrative opportunities in the future.
The cotton substrate segment dominated the global market in 2014, and is anticipated to maintain its dominance throughout the forecast period, growing at a CAGR of 17.6%.
Europe accounted for more than 35% share of the total revenue in 2015, followed by Asia-Pacific and LAMEA. Developing countries in Asia-Pacific are anticipated to register steady growth rates, owing to growth of the overall economy. Moreover, rise in investments by key manufacturers in the region fuels the market growth.
Key players have economically invested heavily in R&D activities to develop advanced products to cater to the requirements of the market. These players operating in the industry include JV Digital Printing, AM Printex, AGS Transact Technologies, Digitex India Inc., Fisher Textiles, Inc., Dazian LLC., Dickson Coatings, Glen Raven, Inc., China Dyeing Holdings, Ltd., and Mehler Texnologies.
The other players in the value chain (profiles not included in the report) include Brother Industries Ltd., Hollanders Printing Systems, Mimaki Engineering Co. Ltd., Reggiani Macchine SPA, KT Corporation, Mutoh Industries Ltd., and Huntsman Corporation.
- The report provides extensive qualitative & quantitative analyses of the current trends and future estimations of the global digital textile printing market from 2014 to 2022 to determine the prevailing opportunities.
- It offers comprehensive analysis of key regions, such as North America, Europe, Asia-Pacific, and LAMEA, to understand the regional trends.
- In-depth analysis of factors that drive and restrict the growth of the market is provided.
- Extensive analysis is conducted by following product benchmarking, positioning, and monitoring the top competitors within the global market.
- It offers key insights on strategic analysis of various companies and the value chain analysis of digital textile printing market.
Digital Textile Printing Market Key Segments
By Ink Type
- Direct Disperse
- Technical Textiles
- Display and Others
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA