by The digital textile printing market is witnessing high growth owing to the advantages it provides over traditional textile printing methods. Digital textile printing allows for higher production flexibility and quicker turnaround times as it eliminates the need for printing screens or plates. This makes it suitable for short production runs and customized orders. It also reduces textile wastage and is more environment-friendly as unused inks can be recycled. With digitization, textiles can be printed on-demand and in any quantity quickly.
The global digital textile printing market size is estimated to be valued at US$ 2.70 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the digital textile printing market are Seiko Epson, Mimaki Engineering, Kornit Digital, D.Gen, RolandDG Corporation, Dover Corporation, Konica Minolta, Brother Industries, Colorjet, Jakob Müller Group, Epson, Mimaki Engineering Co., Ltd., SPGPrints, , Optimum Digital Planet, Grafix.
Key opportunities: The key opportunities in the digital textile printing market include increasing demand for digitally printed home décor fabrics and furnishings, growing adoption in the garment and apparel segment for mass customization, and rising popularity of digital textiles in the sign and graphics market.
Global expansion: Leading players in the market are expanding their digital textile printing capabilities globally to capitalize on the large and growing markets in Asia Pacific and Europe. Manufacturers are also focusing on developing advanced digital printers compatible with new textile materials.
Market drivers: The major driver for the growth of digital textile printing market is the increasing demand for customized textile and fashion products. Customers want unique fabrics printed on demand for apparels, home furnishings in small batches which is fueling the adoption of digital textile printing technology. It allows on-demand short production runs in an economical and sustainable way.
PEST Analysis
Political: Growth in the digital textile printing market is supported by various government initiatives and policies aimed at promoting digital textile printing technologies. For instance, favorable government policies around the world encourage textile product customization.
Economic: Rising disposable incomes and growing demand for personalized and customized textile products drive the economic growth of digital textile printing market. Shorter production runs and on-demand printing options improve profitability for textile businesses.
Social: Increased adoption of digital printing in apparel and home furnishing industries caters to the evolving consumer preference for uniquely designed, high quality and customized textile products. Consumers demand personalized prints and one of a kind designs.
Technological: Advancements in digital printing technologies such as continuous inkjet printing and dye-sublimation printing have increased printer speeds and improved color quality. The advent of multi-pass piezoelectric and thermochromic inks expand applications in applications like 3D textile printing and smart textiles.
Geographical regions where market is concentrated
The Asia Pacific region dominates the global market and holds the largest share in terms of value. Countries like China, India and Japan are major manufacturing hubs for textiles and garments. Growing population, rising incomes and increased spending on fashion and decor textiles drives the large market size in the region.
The fastest growing region for the market
The Middle East and Africa region is expected to witness the fastest growth over the forecast period. Dubai, Saudi Arabia, South Africa are emerging as hotspots for digital printing adoption. Government initiatives to foster industrialization and economic diversification are encouraging local textile companies to incorporate digitization and automation. Expanding construction sector further boosts demand for customized furnishings and interior décor products.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
