Press release
Digital Textile Printing Market Forecast 2021-2030: Comprehensive Analysis And Growth Opportunities
Rise in demand for 3D printing technologies, change in fashion trends, and advancements in printing methods have boosted the growth of the global digital textile printing market. However, harmful environmental impact of digital textile printing and high cost of equipment and raw materials hinder the market growth. On the contrary, surge in demand from the emerging economies is expected to create new opportunities for the market players in the future.
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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.
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.
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On the basis of end-use, the display & others segment held the largest share in 2020, contributing to more than half of the market. However, the technical textiles segment is estimated to manifest the highest CAGR of 16.1% from 2021 to 2030.
The global digital textile printing market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the lion's share in 2020, accounting for nearly two-fifths of the market. However, Asia-Pacific is anticipated to portray the highest CAGR of 16.0% during the forecast period.
The global digital textile printing market includes an in-depth analysis of the prime market players such as 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.
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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