According to a new report published by Allied Market Research, titled, "Global Digital Textile Printing Market by Ink Type, Substrate, Application: Global Opportunity Analysis and Industry Forecast, 2020–2027",the global digital textile printingmarket was valued at $2.2 billion in 2019, and is projected to reach $8.8 billion by 2027, growing at a CAGR of 19.1% from 2020 to 2027.
Digital textile is an inkjet based method that allows manufacturers to print different design that can be virtually made on any kind of fabric. The inks used in digital printing are manufactured according to type of fiber, such as cotton, silk or polyester. During digital printing the fabric is fed into the printing device using a roller. The process involves adding ink to the surface in the form of small droplets. After that the fabric is then finished by using either or steam or heat treatment increasing the efficiency. Additionally some inks need washing and drying. Due to technology changes, manufacturers are showing more interest in digital printing rather than dyed fabrics.
There is a growing demand for digital textile printing inks especially reactive inks and acid inks coupled with upsurge in the use of digital printing as alternative to conventional printing methods. Reactive inks are widely used in in textile industry due to good quality of colors and high wash fastness. Acid inks are used for printing on wool and silk to make swim clothing due to its high tolerance for chlorine and salt water. These factors are in turn expected to drive the growth of the global digital textile printing market. Moreover, growing application of textile printing in vehicle wrapping, automotive interior decoration is anticipated to boost the segment growth in automotive sector.
On the basis of ink type, the market is segmented into reactive, acid, direct disperse, sublimation, pigment, and others.Reactive ink accounted for significant revenue share in 2020 in the global digital textile printing market, owing to its demand in traditional textile printing industry.Reactive inks are highly flexible and are widely used in to print on natural rubbers including cotton. Thus the demand for high quality reactive inks is presently driving the market for digital textile printing.
On the basis of substrate, the global digital textile printing market is categorized into cotton, silk, polyester, and others. Cotton industry accounted for the largest market share and is also expected to be the fastest growing segment during the forecast period.
On the basis of application, the global digital textile printing is categorized into clothing/garments, households, technical textiles, display, and others. Clothing/ garment industry accounted for significant market and is also expected to be the fastest growing segment during the forecast period. Region wise, the digital textile printing marketwas analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study:
- China is projected to grow at the highest CAGR of approximately 22.29%, in terms of revenue, during the forecast period.
- By application, the household segment is anticipated to grow with CAGR 20.7%, in terms of revenue, during the forecast period.
- Italy dominated the market with highest revenue share in 2019.
The key players operating in the globaldigital textile printing market include Huntsman Corporation, Ags Transact Technologies Limited, Am Printex Solutions, China Dyeing Holdings Ltd., Hollander B.V, DazianLlc, Dickson Coatings, Digitex India Inc., Fisher Textilesinc., and MehlerTexnologiesGmbh.