Press release
Explosive Growth in the Digital Textile Printing Market: What's Driving the Surge? | CAGR of 14.8%
Increase in demand for 3D printing technologies, advancements in printing methods, and change in fashion trends drive the growth of the global digital textile printing market. However, high cost of equipment and raw materials and harmful environmental effect of digital printing hinder the market. On the contrary, surge in demand from emerging economies is expected to open new opportunities for the market players in the coming years.
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Sublimation segment dominated the market
By ink type, the sublimation segment held the largest share in 2019, accounting for nearly half of the global digital textile printing market, owing to the increasing demand for dye-sublimation and customized printing services. However, the pigments segment is expected to register the highest CAGR of 21.9% during the forecast period, due to surge in penetration of pigments in fashion and sportswear because of their high durability and color stability.
The global digital textile printing market is divided on the basis of ink type, substrate type, application, and geography. Based on ink type, the sublimation segment held the largest market share, accounting for nearly half of the total market share in 2019. The segment would maintain its lead throughout the forecast period. On the other hand, the pigment segment is expected to manifest the highest CAGR of 21.9% during the study period.
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Based on application, the display and others segment accounted for the largest market share in 2019, contributing to more than half of the total market share. The segment would rule the roost throughout 2027. However, the household segment is anticipated to register the fastest CAGR of 20.7% from 2020 to 2027.
The global digital textile printing market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Europe held the largest share in 2019, contributing to more than one-third of the market. Moreover, the Asia-Pacific region is expected to register the fastest CAGR of 20.7% of the market.
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The global digital textile printing market report includes an in-depth analysis of the major market players such as Am Printex Solutions, China Dyeing Holdings Ltd., Hollander B.V, DazianLlc, Dickson Coatings, Digitex India Inc., Fisher Textilesinc., Mehler Texnologies Gmbh, untsman Corporation, and Ags Transact Technologies Limited
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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.
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