Digital Textile Printing Market Global Outlook to 2022 | JV Digital Printing, AM Printex, AGS Transact Technologies, Digitex India, Fisher Textiles, Dazian LLC, Dickson Coatings
The global digital textile printing market was valued at $1,245 million in 2015, and is projected to reach $3,943 million by 2022, growing at a CAGR of 17.9% from 2016 to 2022. The inks used in digital printing are formulated according to type of fiber (cotton, silk, polyester, and nylon). During the printing process, the fabric is fed into the printer using rollers. Ink is then applied to the surface in the form of tiny droplets. The fabric is then finished by using heat and/or steam to increase the efficiency (some inks also require washing and drying). Digital textile printing helps in embellishing and contributing to the style of the garment. In synchronization with the rapid technological changes, the textile industry is in turn making a rapid shift toward digital prints rather than dyed fabrics.
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The market has witnessed significant growth opportunities globally, owing to an increase in demand for printed textiles, growth in demand for advanced technologies and better quality products. Furthermore, rise in per capita disposable income, overall economic growth, increase in population, rapid change in fashion trends, rise in purchasing capability, an upsurge in the concept of advertising through printed garments are further anticipated to boost the market growth during the forecast period. Moreover, the rise in demand for apparel, clothing, home furnishings, and automotive dcor is further expected to boost the market growth. However, volatile prices of raw materials and hazardous effects of digital printing inks are expected to hamper this growth.
The global digital textile printing market is segmented based on ink type, substrate, application, and geography. Based on ink type segment, it is categorized into reactive, acid, direct disperse, sublimation, pigment and others. On the basis of substrate, it is classified into cotton, silk, polyester, and others. By application, it is divided into clothing/garments, households, technical textiles, display, and others. The silk substrate segment is anticipated to register a significant CAGR during the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the global digital textile printing market have adopted various market penetration and growth strategies, such as mergers & acquisitions, with the local and established players.
The key players profiled in the report include:
JV Digital Printing
AGS Transact Technologies
Digitex India Inc.
Fisher Textiles, Inc.
Glen Raven, Inc.
China Dyeing Holdings, Ltd.
Digital Textile Printing Market Key Segments
By Ink Type
Display and Others
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