Global Digital Textile Printing market share 2024, Forecast To 2033
4 Mar, 2024
The digital textile printing market size has grown rapidly in recent years. It will grow from $2.93 billion in 2023 to$3.39 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to adoption by small and medium enterprises, market competitiveness, reduction in lead times, adoption of digital workflows, customization in fashion industry. The digital textile printing market size is expected to see rapid growth in the next few years. It will grow to $5.88 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to adoption by SMEs and emerging markets, competitive market dynamics, fast fashion and quick turnaround, smart textiles and wearables, digital textile design software. Major trends in the forecast period include technological advancements, material and ink innovations, evolving consumer behavior, global market penetration.
Global Digital Textile Printing Market Key Driver
The rising demand from the textile sector is expected to drive the demand for the digital textile printing market going forward. The textile industry involves designing, producing, and distributing yarn and clothing. Digital textile printing adds colour, design, and speciality to textile fabrics. The digital designs are embossed on a variety of fabrics. The growth of the textile sector is fueling the demand for modern printing technologies such as the digital printing of textiles. For instance, according to Textile Technology, a Germany-based up-to-the-minute portal for the technical textiles industry, in 2022, the global textiles sale will reach $995 billion and is expected to reach $1.4 trillion during 2022-2032, registering a compound annual growth rate (CAGR) of 3.77%. Therefore, rising demand from the textile sector will drive the growth of the digital textile printing market. The digital textile printing market experienced significant growth in 2023, reaching a value of $XX billion, and this upward trend is expected to continue through 2024 and extend into 2028.
Get A Free Sample Of The Global Digital Textile Printing Market ReportGlobal Digital Textile Printing Market Segments
The global digital textile printing market covered in this report is segmented –
1) By Printing Technique: Screen Printing, Inkjet Printing, Dye Sublimation
2) By Printing Process: Roll To Roll, DTG
3) By Ink Type: Sublimation, Pigment, Reactive, Acid, Other Ink Types
5) By Application: Textile And Decor, Industrial, Soft Signage, Direct To Garment
By Geography: The regions covered in the digital textile printing market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Europe was the largest region in the digital textile printing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital textile printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Digital Textile Printing Industry Players
AM Printex Solutions, Huntsman Corporation, Seiko Epson Corporation, Mimaki Engineering Co. Ltd., Kornit Digital, d.gen Inc., Roland DGA Corporation, Konica Minolta, ColorJet Group, Fisher Textiles, Saint Clair Textiles, Roq International, The M&R Companies, Mutoh Holdings Co. Ltd., DuPont de Nemours Inc., DyStar Group, Durst Group, AGS Transact Technologies Limited, China Dyeing Holdings Ltd., Hollander B.V., Dazian LLC, Dickson Coatings, Digitex India Inc., Mehler Technologies GmbH, Aditya Birla Group, SPGPrints B.V., Brother Industries Ltd., Ricoh Company Ltd., Sensient Technologies Corporation, Sun Chemical Corporation
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Digital Textile Printing Market Overview
Digital printing is the process of reproducing digital images on a physical surface. When the design is finalised, it is digitally printed on fabrics and sent from the computer to the surface. Digital textile printing is used to colour fabric and other materials.
Digital Textile Printing Global Market Report 2023 provides data on the global digital textile printing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The digital textile printing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.