The digital textile printing market enables on-demand, customized printing of textiles with better dye system and quality, minimizing waste as compared to traditional analog printing. Digital textile printing uses digital printers for textile printing by controlled, digital ink deposition on various fabrics. The growth in demand for short run textile printing, advancements in digital printer technologies and benefits such as cost-effectiveness and lead time reduction are driving the demand for digital textile printing.
The Global digital textile printing market is estimated to be valued at US$ 2.70 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Digital Textile Printing Market Growth are Seiko Epson, Mimaki Engineering, Kornit Digital, D.Gen, RolandDG Corporation, Dover Corporation, Konica Minolta, Brother Industries, Colorjet, Jakob Müller Group, Epson, Mimaki Engineering Co., Ltd., SPGPrints, and Optimum Digital Planet, Grafix.
Key opportunities: The key opportunities in the market include growth in demand for customized textile products, increasing demand from end-use industries such as clothing, advertising and home decor and technological advancements in printing methods and inks.
Global expansion: With increasing global demand for digitally printed textiles, key players are expanding their manufacturing facilities and distribution networks globally especially in Asia Pacific and Middle East & Africa region. Acquisitions and partnerships are also shaping competition in the market.
Market drivers
The major market driver for the digital textile printing market is the growing demand for short run textile printing. Short run textile printing enables on-demand and customized printing in low volumes. This has increased the applicability of digital printers replacing the traditional screen and roll-to-roll printing. Other key drivers include cost-effectiveness of digital textile printing over analog printing methods for short runs, advancements in dye-sublimation and pigment-based inks delivering high pint resolution and quality, and reducing lead times.
PEST Analysis
Political: The government regulations and trade policies related to textile and printing industry have an influence on the growth of the digital textile printing market. Some rules determine which chemicals and processes are allowed.
Economic: The growing fashion and apparel industry drives demand for advanced printing techniques. Digital textile printing improves productivity, saves costs and enables production of smaller batch sizes. This benefits manufacturers and consumers.
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