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Digital solutions increase its share in textile printing market

PrintingDigital solutions increase its share in textile printing market

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The global digital textile printing market size was valued at 2,669.9 million dollars in 2022 and is expected to expand at an annual growth rate (CAGR) of 14.4% from 2023 to 2030 according to the report published by Grand View Research. Due to the rise in demand for printed textiles, the industry is predicted to grow significantly. Presently, digital technology holds less than 10% of the share in the textile printing industry. However, the adoption of digitization is growing significantly and digital textile printing is expected to hold at least a fourth (25%) of the textile printing industry in a decade or so.

The market is expected to grow owing to the rise in per capita disposable income in emerging countries and the rapid adoption of digitally printed design trends. The increased use of printed textiles in car interior décor and vehicle wrapping is also expected to contribute to the expansion of the target market. However, with fluctuating cost of raw materials such as ink, and print heads, the harmful effects of inks, and the high cost of digital textile printers are anticipated to restrain market expansion to a certain extent. Nevertheless, technological advancements like additive manufacturing for textile applications are expected to open up new opportunities for the market in the future. It is also stated that the growth of the industry can also be attributed to rapidly changing fashion trends and the need for manufacturers to quickly adopt those trends to stay relevant.

Digital solutions increase its share in textile printing market

Asia-Pacific will be the fastest-growing region

While the Asia-Pacific region is expected to be the fastest-growing segment during the forecast period due to the presence of a large number of textile hubs in the region, China and India are the two major contributors to the growth of the regional market.

Mimaki Engineering, Seiko Epson Corporation, Kornit Digital, and Konica Minolta are a few of the key players. Due to the shift in consumer preference toward environmentally friendly and high-quality products, the key players are focusing on new product launches with eco-solvent inks which are environmentally friendly options to conventional inks. To expand their share in the target industry, market players are engaging in initiatives such as acquisitions, collaborations, and new product launches.

DTF printing has the largest share of digital textile printing

The Direct to Fabric (DTF) printing method held the largest market share of more than 67% in the year 2022. In this method, designs and patterns are printed directly on a big roll of fabric. Once the fabric roll is printed, the fabric is cut out and sewed into a wide range of apparel and home décor items such as curtains, wallpapers, etc. DTF printing can be carried out by using a wide range of inks such as pigment inks, reactive dyes, dye-sublimation inks, and acid dyes. Players are providing both types of printers as the demand for each type is growing significantly.

The multi-pass operation segment dominated the global market as it held over 62% of the global market share in 2022. The single-pass operation segment is projected to be the fastest-growing segment with a growth of 14.6% during the forecast period. Due to the rising demand for dye-sublimation in customized printing services, the sublimation segment held more than 52% of the market share in the global market in 2022. The reactive ink type is expected to be the second fastest-growing segment with 14.4% during the forecast period.

DTF printing has the largest share of digital textile printing

The clothing/apparel segment consists of around half of the market

Based on application the global digital textile printing market is segmented into clothing/apparel, home décor, soft signage, and industrial. The clothing/apparel segment held the highest market share of more than 53% in 2022. The dynamic nature of the fashion industry is evaluated as the key contributor to the growth of the segment. Clothing/apparel is also projected to be the fastest-growing segment during the forecast period. The home décor is the second fastest-growing segment with an anticipated CAGR of 14.6% during the forecast period.

The global market is dominated by the cotton segment as it held more than 52% of the global market share in 2022. However, polyester is expected to be the fastest-growing textile material with 15.2% during the forecast period.

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