Digital Textile Printing Market Size

Digital Textile Printing Market Analysis

The Global Digital Textile Printing market size is expected to grow from USD 3.13 billion in the previous year to USD 5.72 billion in the next five years, registering a CAGR of 12.84% during the forecast period.

• Digital inkjet technology is used in digital textile printing to adorn various materials with vibrant patterns. With the aid of Textile Design Software, digital textile printing has accelerated due to the high demand for custom t-shirt printing and its ability to offer limitless design variations. As a result, in addition to the apparel industry, it is now widely used in commercial and home décor markets.
• Compared to traditional printing methods like offset printing and solid ink printing, advanced digital printing technology uses milder chemicals and solvents. The market for textile printing is seeing an increase in demand for digital printing solutions due to the growing emphasis on environmentally friendly printing and economical production.
• Moreover, developing newer technologies like UV gel plays a role in the industry's innovation. For instance, in May 2021, Canon launched an unknown 1630 UV gel printer. By addressing the lower volumes in the industry, this industrial-grade printer enables businesses operating in the big format market to access all the benefits of UV gel technology at a lesser investment, helping to expand business options further. The Colorado 1630 base model, built for sturdiness, dependability, and stability, can be customized to meet each user's particular business needs by adding modular options like FLXfinish, a second media roll, and simple double-sided printing.
• Additionally, it is expected that the growing use of printed fabrics in vehicle wrapping and interior decoration will help the target market grow. However, the detrimental effects of inks and the high cost of digital textile printers are predicted to partially hinder market expansion due to the fluctuating price of raw materials like ink and print heads. However, the future of market growth is anticipated to be facilitated by technology developments like textile additive manufacturing.
• However, The high ink cost and numerous printing heads utilized in a high-speed single-pass machine, whose maintenance and replacement cost is expensive and renders it uncompetitive against rotary printing, pose the biggest obstacle to adopting digital textile printing in a competitive textile market.
• Due to the COVID-19 pandemic, demand fell dramatically due to lockdowns enacted in many nations, forcing people to stay indoors, which impacted the fashion and signs industries. The pandemic, however, significantly affected several display graphics businesses. The demand for novel fabrics surged as things returned to normal, though, as digital printing's ability to reduce cycle times allowed these fabrics to outperform the whole textile market during the pandemic.