Digital Textile Printing Market to touch USD 1.52 billion by 2025: Technavio
26 October 2021: Fashion industry is largely dependent on technological advancements made by the textile industry. Innovative designs & fabrics offered by digital printing techniques have led to the emergence of many brands and designers, thus propelling the market growth, according to reports. Owing to high speed provided and less time required to print, manufacturers now-a-days are mostly relying on digital textile printing machines to cope with high demand of apparels and home furnishing products.
Thus, the digital textile printing market is set to grow by USD 1.52 billion, progressing at a CAGR of over 11% from 2021 to 2025, according to a study released by Technavio Research Reports. Factors such as increasing usage of the roll-to-roll process and growing apparel market globally will offer immense growth opportunities.
Digitization has become a powerful tool for the textile industry. Digital printing has emerged as an ideal method for textile artists to print digital-based images. Increase in adoption of digital printing by textile artists, due to higher color options and designs drives the market growth. Furthermore, digital textile printing has enabled flexibility in customization by providing various colors and CMYK design options, thus making the fabric more aesthetically appealing, unique, and attractive.
The major uses in textile and decor are home textile, upholstery, linens, drapery, scarves, ties, bags, sportswear, footwear, clothes, interior decor, etc. Uses in the soft signage and industrial segments include carpets, posters, banners, flags, vehicle wrapping, wallpaper, building material, POS display, etc.