The global digital textile printing market is segmented based on ink type, substrate, application, and geography
Portland, OR -- (SBWIRE) -- 11/09/2017 -- Global digital textile printing market was valued at $1,245 million in 2015, and is expected to reach $3,943 million by 2022, registering a CAGR of 17.9% between 2016 and 2022. Digital textile refers to any inkjet-based procedure of printing colorants onto fabric, and is used on smaller garments, such as promotional wear, t-shirts, jackets, and on large format rolls of textile. Digital textile printing provides opportunities, owing to increase in demand for advertisements and corporate branding, such as flags, retail graphics, and banners.
Textile printing is a technique of applying color to fabric in a particular design and pattern. Increase in preference of consumers toward high-quality textile printing is a key factor that drives the market growth. Digital textile printing exemplifies the futuristic technologies capable of manufacturing durable inks, thus maximizing the overall efficiency. It possesses advantages such as higher reliability, longer print life, and cost reduction.
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Growth in population and rise in income levels present numerous opportunities for market expansion. Moreover, growth of the overall textile industry globally and rise in demand for high-quality textile prints are anticipated to boost the overall growth. In addition, rapid shift towards digital textile printing is driven by acceleration in production speeds and reduction in coloration costs. Increase in investments in R&D for new digital textile printing technologies is expected to provide lucrative opportunities in the global market.
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The digital textile printing is expected to register the highest growth in household applications, owing to rise in per capita disposable income and growth in consumer preference toward new and easier ways of high-quality printing. Furthermore, rapid urbanization and upsurge in advertising through apparels & garments are expected to boost the market growth.
Digital Textile Printing Market Key Segments
By Ink Type
-Reactive
-Acid
-Direct Disperse
-Sublimation
-Pigment
-Others
By Substrate
-Cotton
-Silk
-Polyester
-Others
By Application
-Clothing/Garments
-Household
-Technical Textiles
-Display and Others