Digital Textile Printing Market - Sublimation/Disperse Dye Ink, Reactive Ink, Acid Ink & Pigment Ink Revenue Analysis| AriztonThe 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.
The digital textile printing market is driven by the provision of new features, and localized loops for print deliveries. The global market is also witnessing advancements in terms of higher grey-scale capabilities, versatility, increased nozzle density, and more speed for deliverying superior quality of products. The market research report provides in-depth market analysis and segmental analysis of the digital textile printing market by type, program, delivery model, revenue model, and geography.
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Digital Textile Printing Market – Dynamics
The new emerging trend of functionalizing of textiles will transform the global digital textile printing market. The industry is witnessing the advancement of materials due to rapidly changing trends, technology breakthroughs, and expansion of applications. The extensive use of digital printers is resulting in the development of functionalizing textile in the global market. The introduction of functionalizing textiles used in swimming can resist frequent contact chlorine and water and exposure to sun by enhancing its color fastness. Some of the popular functionalizing textiles introduced in the global market include flame retardants, color change monitoring properties, uv-rays absorption, infrared rays absorption, germicide properties, dirt repellent properties, optical whitening agents, wrinkle resistance, and controlled release of encapsulated substance such as drugs. Additionally, the introduction of eco-friendly inkjet technology will result in the evolution of the global market over the next few years.
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Digital Textile Printing Market – By Ink Type
The trend of fluorescent printing in sports and safety apparels is driving sales in the global digital textile printing market
The global digital textile printing market by ink type is segmented into sublimation/disperses dye ink, reactive dye ink, acid ink, and pigment inks. The disperse/sublimation dye ink segment dominated the market share in 2017 and is estimated to grow at a CAGR of around 17% during the forecast period. The recent advancements in user-friendly color-management systems, design software, faster printers, higher utilization, and expanding gamut of inks are some of the factors attributing to the exponential growth of this segment in the global market. The sublimation and disperse dye ink find major applications in the interiors and garment industries. The emerging concept of DIY and on-demand custom textile fabric creation is leading to the development of the personalized home-textile sector in the global digital textile printing market. The consumers are leveraging online tools to select from a wide variety of images, design ideas, materials, and color palettes, resulting in the growth of the sublimation/disperse dye ink segment. The prominent players are implementing the direct-to-fabric printing method to enhance the quality of the product and gain a larger consumer base in the global digital textile printing market.
Digital Textile Printing Market – By Application
Fast-fashion trends and assortment of textiles to transform the global digital textile printing market during forecast period
The application segment in the global digital textile printing market is classified into fashion textiles, home textiles, and industrial textiles. The fashion textiles segment occupied more than half of the market share in 2017 and is anticipated to grow at a CAGR of approximately 18% during the forecast period. The introduction of smart garments and apparels created by using multifunctional fabrics is propelling the growth of this segment in the global market. The leading designers are differentiating their styles and are creating a niche through proprietary prints to sustain the intense competition in the fashion industry. The emergence of fast fashion that results in offering garment as soon as possible with one place for creating a collection and then delegating it to global factories for production will transform this market segment over the next few years. The integration of digital printing with DTG screen printing for specialty purposes such as puff, flocking, glitters, foils, and metallic will help vendors gain a larger digital textile printing market share and attract new consumers. Furthermore, the emergence of concepts such as superimposing, reflection, shadow, blurring, layering, and 3D printing will result in the evolution of this market segment.
Digital Textile Printing Market – By Geography
Flexibility over screen printing in Europe to fuel demand in the global digital textile printing market during forecast period
The market by geography is divided into APAC, Europe, North America, and ROW. Europe dominated almost half of the market share in 2017 and is expected to grow at a CAGR of over 16% during the forecast period. The growing requirement for sophisticated technology, innovation, extremely high-quality goods and equipment, sustainability, and performance is driving the growth Europe in the global digital textile printing market. The top companies in the European market are investing in the procurement of equipment for inkjet printers to meet the growing demand for inventive garments and textiles in the region. The development of high-fashion trends in the UK and the Netherlands will create lucrative opportunities for leading vendors in the European market. The integration of digital printing will result in top quality fashion and textiles products in the EU manufacture clothes, cellulosic fibers, home, and technical textiles across various sectors. Also, the evolving business models and development of industrial-related textile printing solutions will revolutionize the European market during the forecast period.
Key Countries Profiled
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.
The major vendors in the market are:
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.
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