Throughout the world, the digital textile printing market was valued at $2.2 billion in 2019 and is projected to reach $8.8 billion by 2027, growing at a CAGR (compounded annual growth rate) of 19.1%from 2020 to 2027.
The segment of digital textile printing is boosting highly within the global textile printing marketplace by using a wide variety of business models, according to an article on the website of the Federation of European Screen Printers Associations (FESPA). The global textile printing market is expected to be worth $266.38 billion by 2027, it showed.
FESPA is a federation of trade associations and an organizer of exhibitions and conferences for the screen-printing and digital printing industry.
Print-on-demand production methods with total market growth is currently set at a CAGR of 8.9 percent, the article by Debbie McKeegan said citing data from Grandview Research.
The adoption of digital printing is expected to reach that significant growth owing to its attributes such as environment-friendly, low printing cost, and high precision in the desired designs.
Digital textile is an inkjet-based method that allows manufacturers to print different designs that can be virtually made on any kind of fabric. The inks used in digital printing are manufactured according to the 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 increases efficiency. Additionally, some inks need washing and drying. Due to technological changes, manufacturers are showing more interest in digital printing rather than dyed fabrics.
Digital printing offers high-resolution prints with unlimited color combinations and utilizes less amount of ink, electricity, and water as compared to other techniques. Also, the space required for the printing machines is comparatively less, thereby enabling high-quality printing in smaller areas. The aforementioned factors are expected to drive the demand for digitally printed textiles over the forecast period has a forecast growth rate of over 17.5 percent per annum over the next six years.
Digital printing offers high-resolution prints with unlimited color combinations and utilizes less amount of ink, electricity, and water as compared to other techniques.
Cotton printed textiles are expected to account for 44.9 percent by 2025 in terms of global textile volume, as the sustainable agenda gains focus.
Nevertheless, within these mutual traits, there are nonetheless vital variations enabled by digital textile manufacturing at the moment are commonplace and type a profitable bedrock of digital textile manufacturing hubs worldwide, the article stated.
On the other side, the customers’ consciousness of customized manufacturing business has grown to generate a brand-new sector and therefore, the emergence of the textile printing bureau. Based on their DTF success many print firms now provide sewn manufacturing alongside print, maybe echoing the success of the DTG enterprise mannequin for the long run and the democratization of the sector, it stated.
The net-driven direct-to-garment enterprise mannequin can also be witnessing exponential progress. On this mannequin, the printer makes use of pre-made clean clothes and prints them to order, on-demand, and predominantly utilizing e-commerce platforms.
Up the roll to roll print market, digital textile feature belongs to the textile industry an increasingly disruptive future, but the landscape is panoramic.
Europe accounted for the significant revenue share in 2019 in the global digital textile printing market. Italy, Germany and the UK. Asia-pacific will witness significant growth owing to the increasing number of domestic players in countries, such as China and India. Domestic players are offering high-quality digital printing services at lower prices attracting local customers.
Seemingly the upcoming twenty years will include many traditional textile printers all over the world to digital and will use this component within their already established businesses. Here, the main component is a successful textile printing business, and the movement is the substitution of rotary screen printing with digital textile printing technologies to form a new textile marketplace, the article stated.
Moreover, the growing application of textile printing in vehicle wrapping, automotive interior decoration is anticipated to boost the segment growth in the automotive sector.