Digital Textile Printing Market
A new Future Market Insights Report (FMI), suggests that the global digital textile printing industry will experience a 16.3% compound annual growth rate over 2022-2029. This remarkable market growth is primarily due to the increasing penetration of the printing industry in developing markets like India, Mexico, China, and Mexico as well as technological advances that have occurred over time.
The Digital Textile Printing Market will surpass US$ 8 billion by 2029. It is likely to grow moderately at 16.3% CAGR during the assessment period.
Potential Impact of COVID-19
FMI believes that the COVID-19 Pandemic will have a significant impact on the printing industry. This is because industry players are likely to fail to meet their financial goals due to severe supply chain disruptions, which may be caused by lower customer demand. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.
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The pandemic also has implications for digitally transforming workplaces to better serve end-users and flourish over the next years. According to the FMI study, this crisis could provide fertile ground for the potential transformation of digital textile printing markets.
Manufacturers are making steady progress in digital textile printing technology. As a result, flexography and other lithographic printers are gradually moving to digital printing.
The digital textile printing market is expected to grow because of its many characteristics and advanced technology. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.
Study on Digital Textile Printing Market – Key Takeaways
The DTF (direct to fabric) segment of the global digital textile printing industry is seeing unmatched demand. This market is forecast to grow at a phenomenal CAGR (17.5%) during the forecast period.
Digital textile printing has a higher set-up cost than traditional printing technologies. Small volume printing can be expensive because of this. A high number of orders for short runs requires multiple jobs and frequent plate changing.
Digital printers are seeking more precise methods of determining equipment type and printing run lengths. It is evident that many print service providers are focused on computerizing their printing processes.
Market growth is predicted to be phenomenal in North America and East Asia, which will witness remarkable growth in the global digital printing market.
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Designers are gaining more interest in digital textile printing designs.
Unique and eye-catchy designs used to be reserved for haute fashion clothing that was displayed on top fashion week stages around the world. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.
People want exclusive clothing and high-fashion brands are responding to this demand by using digital textile printing techniques. This is an opportunity for digital textile designers to capitalize on this demand for uniqueness.
Designers may not be able to create high-quality designs using traditional printing methods. Designers can expand their creativity with digital textile printing. It gives them the tools they need to create futuristic designs.
Digital Textile Printing Manufacturers Open New Doors to Signage Market
Sign and display printers need reliable, efficient and affordable products. The steady growth of digital textile printing is being supported by a healthy market for signs and displays. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. In response to increasing demand for digital textile printing, sales will increase.
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. We were awarded the Clutch Leaders Award 2022 for our high client score of 4.9/5. Since then, we have been working with global companies in their business transformation and helping them achieve their business goals. We are the clients of 80% percent of the Forbes 1000 largest enterprises. We serve global clients across all leading & niche market segments across all major industries.
This release was published by openPR.