Digital Textile Printing Market Targets to reach $3,943 Million with a CAGR of 17.9% by 2022

Digital textile refers to any inkjet-based procedure of printing colorants onto fabric, and is used on smaller garments, such as promotional wear, t-shirts, jackets, and on large format rolls of textile.

Global digital textile printing market was valued at $1,245 million in 2015, and is expected to reach $3,943 million by 2022, registering a CAGR of 17.9% between 2016 and 2022.

Digital textile printing provides opportunities, owing to increase in demand for advertisements and corporate branding, such as flags, retail graphics, and banners.

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The global digital textile printing market is segmented based on ink type, substrate, application, and geography. Based on ink type, 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 of 18.6% during the forecast period. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The digital textile printing is expected to register the highest growth in household applications, owing to rise in per capita disposable income and growth in consumer preference toward new and easier ways of high-quality printing. Furthermore, rapid urbanization and upsurge in advertising through apparels & garments are expected to boost the market growth.

Globally, the clothing/garment application segment accounted around one-third share, in terms of volume, in 2015. In response to the perennial modifications in the textile industry, efficient textile printing technologies are in demand globally. Thus, increase in requirement of high-tech digital textile printing techniques and rise in apparel-based advertising are driving the digital textile printing market globally.

In 2015, Asia-Pacific and LAMEA collectively accounted for nearly half of the global market, in terms of volume, and are expected to continue this trend, owing to increase in urbanization, specifically in China, India, Brazil, and other developing countries. Moreover, rise in urban population with increased per capita disposable income and growth in overall consumer spending further drive growth of this market.

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Key Findings of the Digital Textile Printing Market:

• Europe is projected to maintain its lead position in future, growing at a CAGR of 17.9%, in terms of volume.
• India occupied around one-fourth share of the Asia-Pacific market in 2015.
• The silk substrate segment is anticipated to grow at the highest CAGR during the analysis period.
• The display and others segment occupied around half of the total market in 2015.
• In terms of value, Australia is expected to grow at a significant CAGR of 19.6%.

The major companies 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., and Mehler Texnologies.

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