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Digital Textile Printing Market share, Market trends, and forecasts from 2021 to 2030
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Market Drivers and Constraints:
The growth of the global digital textile printing market is attributed to the increasing demand for 3D printing technologies, shifts in fashion trends, and advancements in printing methods. However, concerns regarding the environmental impact of digital textile printing and the high costs associated with equipment and raw materials pose challenges to market growth. Nonetheless, the market is expected to witness new opportunities due to a surge in demand from emerging economies.
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Impact of COVID-19:
The COVID-19 pandemic had a negative impact on the textile printing industry due to mobility restrictions and factory closures, leading to supply chain disruptions and increased raw material prices.
Market Segmentation:
The global digital textile printing market is segmented based on substrate, ink type, end use, and region.
Substrate: The polyester segment held the largest market share in 2020, accounting for about one-fourth of the market. However, the silk segment is expected to register the highest CAGR of 15.7% during the forecast period.
End Use: The display & others segment dominated the market in 2020, contributing to over half of the market share. However, the technical textiles segment is projected to witness the highest CAGR of 16.1% from 2021 to 2030.
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Regional Analysis:
Europe led the market in 2020, holding nearly two-fifths of the market share. However, Asia-Pacific is anticipated to exhibit the highest CAGR of 16.0% during the forecast period.
Key Market Players:
Key players in the global digital textile printing market include Huntsman Corporation, Am Printex Solutions, AGS Transact Technologies Limited, Hollander B.V, China Dyeing Holdings Ltd., Dickson Coatings, Dazian LLC, Fisher Textiles Inc., Digitex India Inc., and Mehler Technologies GmbH.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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