Digital Textile Printing Market Size to grow by USD 2,547.66 million from 2022 to 2027, Increasing number of trade shows and exhibitions to boost the market growth

NEW YORK, June 5, 2023 /PRNewswire/ -- The global digital textile printing market size is estimated to increase by USD 2,547.66 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 13.5% during the forecast period. A major factor driving growth in the digital textile printing market is the increasing number of trade shows and exhibitions. Soft signages allow various designs to be printed for advertisement and are commonly used in trade show presentations because it has a pleasing appearance and is simple to install, put up, and store. They are inexpensive when compared with hard signage, and a faster production rate is driving the global demand for digital signage. Furthermore, the necessity for face-to-face marketing, making an impact on prospective clients, and making relationships within sectors is driving the number of trade exhibitions every year. Moreover, the number of tradeshows held throughout the world is predicted to increase fast, boosting demand for digital textile printing in soft signage. Hence, such an increase in their usage is expected to increase the demand for soft signages, which, in turn, will drive the growth of the global digital textile printing market during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and Forecast 2023-2027 before buying the full report -Request a sample report

Digital textile printing market – Vendor AnalysisVendor Landscape - The global digital textile printing market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer digital textile printing in the market are 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. and others.

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Vendor Offerings -

AM Printex Solutions - The company offers digital textile printing solutions which offer shimmering, vibration, blurring, reflection, and translucence.

Dazian LLC, DIC Corp. - The company offers digital printing fabric which is used for dye sublimation, direct sublimation, UV, solvent and eco-solvent, and latex printing.

DIC Corp. - The company offers digital printing agents such as the Dexcel HPS series which designs high-quality printing.

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Digital Textile Printing Market - Segmentation Assessment

Segment OverviewTechnavio has segmented the market based on type (disperse & sublimation inks, reactive ink, acid ink, and pigment ink), application (clothing, soft signage, home textiles, textiles, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa).

The market share growth by the disperse & sublimation inks segment will be significant for overall market growth during the forecast period. Disperse and sublimation inks are generally used to print soft signage, sportswear, apparel, and 3D printing. These inks used in the sublimation process are predominantly used in textiles and clothing and signage made from soft materials. This is due to their benefits, such as non-solubility, resistance to damage, and colorfastness. Hence, the growth of the end-user industries is driving the disperse and sublimation ink segment of the market, which will grow in the forecast period.

Geography OverviewBy geography, the global digital textile printing market is segmented into Europe, APAC, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global digital textile printing market.

Europe is estimated to account for 39% of the growth of the global market during the forecast period. Textile production in the region is anticipated to witness an increase during the forecast period, which is primarily attributed to increasing investments in textile production. For instance, as of November 17, 2020, the EU was in the process of establishing a trade agreement with countries in the Middle East and North Africa. Furthermore, as per the trade agreement, textile manufacturers from the EU can send their textiles to Middle Eastern and North African countries for dyeing and not pay the trade duty, which is likely to drive the digital textile printing market in Europe. Hence, such factors drive regional market growth during the forecast period.

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Digital Textile Printing Market – Market Dynamics

Key Trends -

The increasing significance of UV-cured inks is a key trend supporting the digital textile printing market share growth. The growing demand can be attributed to the lesser drying time and lesser volatile organic compounds (VOC) content.

Thus, UV-cured ink can be used to print on glass, vinyl, metals, and wood. Scratch and abrasion resistance, enhanced chemical and solvent resistance, no emission, superior bonding, superior outdoor durability, and enhanced gloss are some of the properties of UV-cured ink.

Additionally, UV-cured inks are adopted by a number of furniture makers to reduce production time and increase production volumes.

Hence, the move toward UV-cured inks is likely to continue, boosting the global digital textile printing market during the forecast period.

Major challenges -

The shift from print media to digital media will be a key challenge hindering the digital textile printing market during the forecast period.

The increased use of smartphones and the Internet of Things (IoT) results in a change in marketing and brand promotion from print to digital media.

Also, the expansion of mobile telephony, the expanding number of connected customers, and the quick growth in the pace of mobile broadband adoption, all drive this rapid digital change.

Furthermore, as a result of social media marketing and online marketing growing in popularity, and marketing through publications and magazines declining significantly, soft signage usage in advertisements is predicted to decline.

Hence, such factors would have a negative impact on the worldwide digital textile printing industry during the forecast period.

Drivers, Trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Digital Textile Printing Market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the digital textile printing market between 2023 and 2027

Precise estimation of the size of the digital textile printing market and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the digital textile printing market across Europe, APAC, North America, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of digital textile printing market vendors

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Digital Textile Printing Market Scope

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 13.5%

Market growth 2023-2027

USD 2,547.66 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.5

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

Europe at 39%

Key countries

US, China, Italy, Germany, and France, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global digital textile printing market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Application Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Disperse and sublimation inks - Market size and forecast 2022-2027

6.4 Reactive ink - Market size and forecast 2022-2027

6.5 Acid ink - Market size and forecast 2022-2027

6.6 Pigment ink - Market size and forecast 2022-2027

6.7 Market opportunity by Type

7 Market Segmentation by Application

7.1 Market segments

7.2 Comparison by Application

7.3 Clothing - Market size and forecast 2022-2027

7.4 Soft signage - Market size and forecast 2022-2027

7.5 Home textiles - Market size and forecast 2022-2027

7.6 Textiles - Market size and forecast 2022-2027

7.7 Others - Market size and forecast 2022-2027

7.8 Market opportunity by Application

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 Europe - Market size and forecast 2022-2027

9.4 APAC - Market size and forecast 2022-2027

9.5 North America - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 Italy - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 US - Market size and forecast 2022-2027

9.11 Germany - Market size and forecast 2022-2027

9.12 France - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 AM Printex Solutions

12.4 Dazian LLC

12.5 DIC Corp.

12.6 Dover Corp.

12.7 DuPont de Nemours Inc.

12.8 Durst Group AG

12.9 FUJIFILM Speciality Ink Systems Ltd.

12.10 Hollanders Printing Systems

12.11 Huntsman International LLC

12.12 Kornit Digital Ltd.

12.13 Marabu GmbH and Co. KG

12.14 Mimaki Engineering Co. Ltd.

12.15 Seiko Epson Corp.

12.16 SPGPrints

12.17 Zhengzhou Hongsam Digital Science and Technology Co. Ltd.

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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