"Increasing Digitalization Across The Printing And Textile Industry Is Driving The Digital Textile Printing Market"

Globally, the digital textile printing market is expected to grow by a CAGR of 16.0% during the forecast period from 2021 to 2029, up from US$ 2.24 Bn in 2020. The growth of the market is attributed to the increasing adoption of digitalization in the textile industry. The technological advancement across the world has changed the way the organization operates. Organizations are going through a phase of digital disruption and becoming more ubiquitous to enhance operational efficiency. The printing and textile industry is following the trend and digitalizing their business process.

The companies are leveraging on digital technologies to enhance their solutions and process, accelerating the adoption of digital textile printing solutions among the textile industry. Furthermore, the technological advancement in the printing industry along with the integration of the AI, IoT and data analytics is augmenting the demand for the digital textile printing market. However, increasing health issues associated with the effects of toxic ink, and lack of awareness are some factors that are expected to restrain the market growth during the forecast period.

"Roll To Roll Printing Process Is Dominating the Digital Textile Printing Market"

Roll to roll printing process is leading the digital textile printing landscape with a 70% share in the revenue. The growth of the market is driven by the wide-scale adoption of the roll to roll printing process in the textile, soft signage, décor, and other industrial application. The increasing demand for the customized the product across the home décor and advertising industry is augmenting the adoption of the roll to roll printing process. On the other hand, the DTG printing process is estimated to grow significantly during the forecast period. The cost-effectiveness of the process is driving its adoption worldwide. 

"North America is leading the digital textile printing market"

North America is leading the digital textile printing market with over 35% share in the revenue in 2020. The increasing adoption of digital printing in textile sector is one of the most prominent factors supporting the market growth here. In addition, flourishing trend of printing personalized clothes is another major factor supporting the regional market growth. The supportive government initiatives across the region to promote the use of digital technologies are supporting the growth of the market. Furthermore, the increasing adoption of the industry 4.0 revolution across the textile industry is propelling the growth of the market.

The major players in the digital textile printing market are Agfa Graphics, Atexco, Colorjet, D.Gen, Dover Corporation, Durst Phototechnik, Electronics for Imaging, Hollanders Printing Systems, Homer, Konica Minolta, Ricoh, Kornit Digital, Mimaki Engineering, Roland, and Seiko Epson.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Textile Printing market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Digital Textile Printing market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Digital Textile Printing market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Digital Textile Printing market?
• Which is the largest regional market for Digital Textile Printing market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Digital Textile Printing market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Textile Printing market worldwide?