Digital Textile Printing Market is anticipated to progress at

Digital Textile Printing Market

Digital Textile Printing Market

A new Future Market Insights Report (FMI), suggests that the global digital textile printing industry will experience a 16.3% compound annual growth rate over 2022-2029. This market growth is driven largely by the growing penetration of the printing sector into developing markets like China, Mexico, India, and technological advancements over time.

Digital Textile Printing Market is expected exceed US$ 8 Bn in 2029. The market is likely to grow moderately at 16.3%CAGR over the assessment period.

Potential Impact of COVID-19

FMI predicts that industry players will fail to reach their financial targets because of significant supply chain disruption resulting from lower customer demand. Leading players have taken note of the current market conditions and are attempting to build the necessary operational flexibility to withstand the pandemic.

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Additionally, the pandemic has created implications to digitally transform workplaces to better service end users and prosper over the coming years. The FMI study suggests that this crisis may provide fertile ground to transform the digital textile printing industry.

Manufacturers are steadily making improvements in quality digital textile print technology. Therefore, flexography, lithographic and printing technology providers are gradually shifting to digital printing.

The digital textile printing market is expected to grow because of its many characteristics and advanced technology. As the demand for digital textile printing solutions increases in these countries, the U.S. and Canada will offer lucrative opportunities for manufacturers.

Study on Digital Textile Printing Market – Key Takeaways

The demand for direct-to-fabric (DTF), in the global digital textile printing market is unmatched. It is expected to grow at a remarkable CAGR of 17.5% over the forecast period.
Digital textile printing is more expensive than traditional printing technologies. This means that small volumes of printing will have a higher per-unit cost. You will need to arrange multiple jobs and regularly change your plates because of the high volume of orders.
Digital printers are seeking more precise ways to determine equipment type and run lengths. It is evident that many print service providers are focused on computerizing their printing processes.
Market growth is predicted to be phenomenal in North America and East Asia, which will witness remarkable growth in the global digital printing market.

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Designers are gaining more interest in digital textile printing designs.

In the past, only high-fashion clothing was allowed to showcase eye-catching designs. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

People want exclusive clothing and high-fashion brands are responding to this demand by using digital textile printing techniques. This is an opportunity for digital textile designers to capitalize on this demand for uniqueness.

Traditional printing techniques can make it difficult for designers to create original, high-quality designs. Designers can expand their creativity with digital textile printing. It gives them the tools they need to create futuristic designs.

Digital Textile Printing Manufacturers Open New Doors to Signage Market

Sign and display printers require reliable, efficient, low-cost products. The steady market growth in digital textile printing is being supported by a healthy sign and display demand. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. Due to an increasing number of digital textile printing jobs, including short-runs for events, team uniforms and corporate clothing, the goal is to increase sales.

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. Clutch Leaders Award 2022 was awarded to us for our outstanding client scores (4.9/5). We have been working closely with global businesses in their journey of business transformation and supporting them in achieving their business goals. Our clients make up 80% of the Fortune 1000’s largest companies. We serve global clients across all leading & niche market segments across all major industries.

This release was made available on openPR