Digital Textile Printing Market size is set to grow by USD 3.33 billion from 2024-2028: Technavio
10 July 2024: The global digital textile printing market size is estimated to grow by USD 3.33 billion from 2024-2028, according to Technavio. Market is estimated to grow at a CAGR of over 15.2% during the forecast period. Increasing number of trade shows and exhibitions is driving market growth, with a trend towards increasing significance of UV-cured inks. However, shift from print media to digital media poses a challenge.
Key Companies Profiled ..
aeoon technologies GmbH, AM Printex Solutions, d.gen Inc, Dazian LLC, DIC Corp., Dover Corp., DuPont de Nemours Inc., Durst Group AG, FUJIFILM Speciality Ink Systems Ltd., Hollanders Printing Systems, Huntsman International LLC, Kornit Digital Ltd., Marabu GmbH and Co. KG, Mimaki Engineering Co. Ltd., Ricoh Co. Ltd., Roland DG Corp., Seiko Epson Corp., SPGPrints, Totem Group Ltd., and Zhengzhou Hongsam Digital Science and Technology Co. Ltd.
Key Market Trends Fueling Growth
– Digital textile printing market is experiencing significant growth due to the increasing popularity of UV-cured inks. These inks offer several advantages, including faster drying time, lower volatile organic compound (VOC) content, and the ability to print on various materials such as glass, vinyl, metals, and wood. UV-cured inks do not get absorbed by textiles, eliminating the risk of smudging and the need for additional coatings. Their properties include scratch and abrasion resistance, enhanced chemical and solvent resistance, no emissions, superior bonding, superior durability in outdoor spaces, and enhanced gloss. Furniture manufacturers are adopting UV-cured inks to save production time and increase volumes. The higher density achieved with UV-cured inks results in improved physical properties. Consequently, the trend towards UV-cured inks is expected to continue, driving the expansion of the global digital textile printing market.
– Digital Textile Printing Market is experiencing significant growth due to trends like high-quality prints, antimicrobial and UV protective properties, conductive functionalities, and smart textiles. Businesses prioritize textile safety, waste disposal, and chemical usage, driving innovation in technology. Young consumers seek personalized and customized products, fueling trends in customization, social media, and influencer marketing. Environmental concerns are a priority, leading to advancements in 3D printing technology and unique textile designs with intricate structures. Key players focus on print speeds, resolution, prototyping, and short run production for design flexibility. Traditional printing methods face competition from digital technologies offering wider color gamuts, textures, and finishes. The market includes various applications such as home textiles, signage, interior decoration, apparel and promotional materials.
Market Challenges
The digital shift in media consumption poses a notable challenge for the global digital textile printing market. Traditional print media, including newspapers and magazines, are losing ground as consumers increasingly turn to digital platforms for content. Factors driving this trend include the widespread use of digital devices like smartphones and tablets, as well as the rise of social media for marketing. To stay competitive, digital textile printing companies must focus on innovation and differentiation. This could involve investing in new technologies, such as 3D printing or eco-friendly processes. Additionally, exploring niche markets and customized services, such as small business printing or personalized clothing, can help companies stand out. Despite these challenges, the digital textile printing market will continue to grow, albeit at a slower pace than previously anticipated.
The Digital Textile Printing Market faces several challenges in various sectors. For substrates, ensuring compatibility with different textiles like cotton, silk, and polyester is crucial. Eco-friendliness is a significant concern, with the demand for sustainable, water-based piezo inks growing. Quality-based products are essential for clothing, households, technical textiles, and display industries. Fashion industries, including sportswear, require moisture control and excellent wash fastness. Dye-sublimation is popular for customized printing services, but its production cost and raw material expenses are high. Heat transfer paper and dye sublimation printers are key components, with automation and heat press processes streamlining production. Ink formulations, including reactive, acid, direct disperse, sublimation, pigment, and water-based inks, impact color vibrancy and print quality. Fashion designers and textile manufacturers collaborate to create innovative designs, while fashion brands and the apparel industry seek smarter production workflows, reducing errors and enhancing efficiency.
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