Digital Textile Printing Market CAGR of 17.9% 2021 Growth Opportunities, Driving Factors by Manufacturers, Regions, Type and Application, Forecast Analysis to 2030 | Taiwan News | 2021-12-28 11:27:53

2021-12-30 08:00:08 By : Ms. Amy Wang

The global digital textile printing market was valued at $1,245 million in 2015, and is projected to reach $3,943 million by 2022, growing at a CAGR of 17.9% from 2016 to 2022.

The inks used in digital printing are formulated according to type of fiber (cotton, silk, polyester, and nylon). During the printing process, the fabric is fed into the printer using rollers. Ink is then applied to the surface in the form of tiny droplets. The fabric is then finished by using heat and/or steam to increase the efficiency (some inks also require washing and drying). Digital textile printing helps in embellishing and contributing to the style of the garment. In synchronization with the rapid technological changes, the textile industry is in turn making a rapid shift toward digital prints rather than dyed fabrics.

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The market has witnessed significant growth opportunities globally, owing to increase in demand for printed textiles, growth in demand for advanced technologies and better quality products. Furthermore, rise in per capita disposable income, overall economic growth, increase in population, rapid change in fashion trends, rise in purchasing capability, and upsurge in the concept of advertising through printed garments are further anticipated to boost the market growth during the forecast period. Moreover, rise in demand for apparel, clothing, home furnishings, and automotive decor is further expected to boost the market growth. However, volatile prices of raw materials and hazardous effects of digital printing inks are expected to hamper this growth.

The global digital textile printing market is segmented based on ink type, substrate, application, and geography. Based on ink type segment, it is categorized into reactive, acid, direct disperse, sublimation, pigment and others. On the basis of substrate, it is classified into cotton, silk, polyester, and others. By application, it is divided into clothing/garments, households, technical textiles, display, and others. The silk substrate segment is anticipated to register a significant CAGR during the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players in the global digital textile printing market have adopted various market penetration and growth strategies, such as mergers & acquisitions, with the local and established players.

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The key players profiled in the report include:

JV Digital Printing AM Printex AGS Transact Technologies Digitex India Inc. Fisher Textiles, Inc. Dazian LLC. Dickson Coatings Glen Raven, Inc. China Dyeing Holdings, Ltd. Mehler Tecnologies

The report provides extensive qualitative & quantitative analyses of the current trends and future estimations of the global digital textile printing market from 2014 to 2022 to determine the prevailing. Comprehensive analysis of factors that drive and restrict the growth of the market is provided. Market estimations and forecast of the industry are based on factors impacting the market growth, in terms of value and volume. Competitive intelligence of leading producers & suppliers of digital textile printing assists to understand the competitive scenario globally. The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Digital Textile Printing Market also experienced a slowdown. Statista estimates that the chemical industry’s total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the chemical industry generated revenues of US$ 5.4 trillion at a record high.

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The degree of competition among prominent global companies has been developed by analyzing several leading Digital Textile Printing Market including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

Digital Textile Printing Market Key Segments

Reactive Acid Direct Disperse Sublimation Pigment Others

Clothing/Garments Household Technical Textiles Display and Others

North America U.S. Canada Mexico Europe Germany Russia UK France Rest of Europe Asia-Pacific India China Japan Australia Korea Rest of Asia-Pacific LAMEA Brazil KSA South Africa Rest of LAMEA

Other players in the value chain (profiles not included in the report) include:

Brother Industries Ltd. Hollanders Printing Systems Mimaki Engineering Co. Ltd. Reggiani Macchine SPA Mutoh Industries Ltd. Huntsman Corporation KT Corporation

What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

Key questions answered in the global Digital Textile Printing Market report are:

How does a global company acquire markets?

What are its core strategies and policies?

What factors will influence the chemical market over the forecast period?

What are the factors driving and restraining the market for chemicals?

What are the leading competitors in the global market?

Which region is growing at a higher pace in the global market?

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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