Digital Textile Printing Market by Ink Type, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45737
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The digital textile printing market has the potential to grow by USD 1.52 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 11.12%.

This digital textile printing market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by ink type (disperse and sublimation inks, reactive ink, acid ink, and pigment ink), application (clothing, soft signage, home textiles, textiles, and others), and geography (Europe, APAC, North America, MEA, and South America). The digital textile printing market report also offers information on several market vendors, including DIC Corp., Dover Corp., DuPont de Nemours Inc., Durst Phototechnik AG, FUJIFILM Holdings Corp., Huntsman Corp., Kornit Digital Ltd., Marabu GmbH and Co. KG, SPGPrints BV, and Zhengzhou Hongsam Digital Science and Technology Co. among others.

What will the Digital Textile Printing Market Size be in 2021?

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Digital Textile Printing Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased usage of roll-to-roll process is notably driving the digital textile printing market growth, although factors such as shift from print media to digital media may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital textile printing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The increased usage of roll-to-roll process will fuel the growth of the digital textile printing market size.
  • Roll-to-roll printing is used in the printing of home textiles, soft signages, and apparel.
  • The higher production rate of roll-to-roll digital textile printers is driving its adoption among textile manufacturers.
  • The usage of the roll-to-roll printing process is growing owing to the advantage of eliminating pre and post-treatment fabrics. This helps in the reduction of various steps involved, which results in conserving energy, water, space, labor, and time.
  • The roll-to-roll process results in a continuous automated printing process, which includes a combination of web and printing stages. 
  • The rapid growth in the apparel market globally is expected to drive the demand for digital textile printing during the forecast period.
  • The apparel market is expected to grow at a higher pace, especially in developing economies, such as India, China, and Brazil, compared to the developed nations.
  • Growing fashion sense and brand consciousness, and disposable income are spurring the growth of the apparel market, inducing garment and textile manufacturers to develop new designs and apparel with high quality.
  • With the increase in the middle-class population, the demand for high-quality apparel is expected to increase during the forecast period.

This digital textile printing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Digital Textile Printing Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • DIC Corp.
  • Dover Corp.
  • DuPont de Nemours Inc.
  • Durst Phototechnik AG
  • FUJIFILM Holdings Corp.
  • Huntsman Corp.
  • Kornit Digital Ltd.
  • Marabu GmbH and Co. KG
  • SPGPrints BV
  • Zhengzhou Hongsam Digital Science and Technology Co.

 

This statistical study of the digital textile printing market encompasses successful business strategies deployed by the key vendors. The digital textile printing market is fragmented and the vendors are deploying growth strategies such as M&A and partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The digital textile printing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Digital Textile Printing Market?

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39% of the market’s growth will originate from Europe during the forecast period. Italy is a key market for digital textile printing in Europe. Market growth in this region will be faster than the growth of the market in MEA, North America, and South America.

The increasing adoption of soft signages for advertisement purposes and the growing demand for home textiles will facilitate the digital textile printing market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Ink Type Segments in the Digital Textile Printing Market?

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The digital textile printing market share growth by the disperse and sublimation inks segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the digital textile printing market size and actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Digital Textile Printing Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive digital textile printing market growth during the next five years
  • Precise estimation of the digital textile printing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital textile printing industry across Europe, APAC, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of digital textile printing market vendors

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Digital Textile Printing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11%

Market growth 2021-2025

$ 1.52 billion

Market structure

Fragmented

YoY growth (%)

5.00

Regional analysis

Europe, APAC, North America, MEA, and South America

Performing market contribution

Europe at 39%

Key consumer countries

China, Italy, Turkey, US, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

DIC Corp., Dover Corp., DuPont de Nemours Inc., Durst Phototechnik AG, FUJIFILM Holdings Corp., Huntsman Corp., Kornit Digital Ltd., Marabu GmbH and Co. KG, SPGPrints BV, and Zhengzhou Hongsam Digital Science and Technology Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The digital textile printing market growth will increase by $1981.45 million during 2019-2024.
The digital textile printing market is expected to grow at a CAGR of 13.88% during 2019-2024.
Technavio has segmented the digital textile printing market by other1 (Disperse and sublimation inks, Reactive ink, Acid ink, and Pigment ink) ,application (Textiles and clothing, Soft signage, Home textiles, and Others) , and geographic (Europe, APAC, North America, MEA, and South America).
DIC Corp., Dover Corp., DuPont de Nemours Inc., FUJIFILM Holdings Corp., Hongsam Digital Science & Technology Co. Ltd. , Huntsman Corp.,  JAY Chemical Industries Pvt. Ltd., Kiri Industries Ltd., Kornit Digital Ltd., Marabu GmbH & Co. KG are a few of the key vendors in the digital textile printing market.
Europe will register the highest growth rate of 46.82% among the other regions. Therefore, the digital textile printing market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the digital textile printing market growth are:
  • Increasing trade show exhibits
The digital textile printing market vendors should focus on grabbing business opportunities from the disperse and sublimation inks segment as it accounted for the largest market share in the base year.
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