Press release
Global Digital Textile Printing Market is expected to reach US$53 billion by 2023
The digital textile printing market size is expected to reach values of approximately $53 billion by 2023, growing at an impressive CAGR of over 17% by 2017-2023.
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This market research report on global digital textile printing market offers analysis on market size in revenue & volume , market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by ink type (sublimation/disperse dye ink, reactive dye ink, acid ink, and pigment inks), by application (fashion textiles, home textiles, and industrial textiles), and by geography (APAC, Europe, North America, and ROW).
Digital Textile Printing Market - Overview
Digitalization in the process, equipment, and workflow of textile printing is offering a plethora of benefits to the end-users and the manufacturers in the industry. The leading vendors are leveraging rapid improvements and technological advancement in the supply chain to transform the global digital textile printing market.
The incorporation of stabilizing technology, sublimation printer, and universalizing ink chemistries will revolutionize the global market. The development of enhanced functionalities is resulting in the exponential growth of the haute couture and sportswear section in the market. The integration of digital printing in the textile printing will help manufacturers handle complex mechanism, a wide range of multi-disciplinary skills in fabric printing, mechanics, ink chemistry, and designs to fulfil orders successfully and implementing the right technique in the process. Moreover, digital printing helps textile merchants sync production process with actual work orders thereby, driving the demand in the global market.
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These innovative technologies are wading off proofing and sample production and resulting in feasible short -run productions in the textile industry. The three factors attributing the demand for digital texting printing in the global market are consumer demands, globalization, and the growing need to increase supply chain efficiencies.
Key Countries Profiled: Italy, Germany, Turkey, China, Indonesia, US, Canada, Brazil & UAE
Key Vendor Analysis:
The global digital textile printing market is consolidated, and new players are entering the market to leverage on the lucrative opportunities available for business development. The leading vendors in the market are focusing on integrating a test laboratory, innovation centers, developing factories for prototyping, volume-producing large industrial and commercial printing systems, and capacity expansion to sustain the competition.
The prominent companies especially in the US and Japan are consolidating their business and expanding production capacities through strategic M&As. The introduction of integrated printing processes into value chains will help players occupy a larger market share and gain new consumer in the global digital textile printing market. The top companies are competing on the basis of low-cost production ability, supply capacities, compatibility, reliability, quality, price, and market recognition.
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The major vendors in the market are:
• EFI
• SPGPrints
• Seiko Epson
• Kornit Digital
• Mimaki Engineering
Other prominent vendors include ColorJet, Durst Phototechnik, DuPont, Dystar Group, Huntsman International, Konica Minolta, Marabu, Ms Printing Solutions, Sawgrass Technologies, Sensient Technologies, Sun Chemical Corporation, Mutoh, Shanghai INKWIN Inkjet Technology, and TrendVision Technology.
Key market insights include
1. The analysis of digital textile printing market provides market size and growth rate for the forecast period 2018-2023.
2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the digital textile printing market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of digital textile printing market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.
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