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.
Digital Textile Printing Market is expected exceed US$ 8 Bn in 2029. The market is likely to grow moderately at 16.3%CAGR over the assessment period.
Potential Impact of COVID-19
FMI predicts that industry players will fail to reach their financial targets because of significant supply chain disruptions 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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Additionally, the pandemic has created implications for the digital transformation of workplaces to better serve end users. This will allow them to thrive in the coming years. The FMI study suggests that this crisis may provide fertile ground to transform the digital textile printing industry.
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 of the 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 an astounding CAGR (17.5%) during the forecast period.
Digital textile printing is more expensive than traditional printing technologies. This means that small volumes of printing will have a higher per-unit cost. The high volume of orders for short run lengths means that multiple jobs must be arranged and that plates need to be changed regularly.
Digital printers are seeking more precise methods of determining equipment type and printing run lengths. It is evident that many print service suppliers are focused on computerizing their printing processes.
According to market growth estimates, North America will experience remarkable growth while East Asia is expected to see dramatic growth in global digital textile printing.
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Designers have more options because of the growing interest in digital textile printing.
Unique and eye-catching designs were used in the past only 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.
Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Designers can expand their creativity with digital textile printing. It gives them the tools they need to create futuristic designs.
Digital Textile Printing Manufacturers are Opening Up New Opportunities in the Signage Market
Sign and display printers need reliable, efficient and affordable products. Digital textile printing is experiencing steady growth due to a healthy demand 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. Due to an increasing number of digital textile printing jobs, including short-runs for events, team uniforms and corporate clothing, the goal is to increase sales.
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