NEW YORK, April 12, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05376202
The digital textile printing market is expected to be worth USD 2.31 billion by 2023 from USD 1.76 billion in 2018, at a CAGR of 5.59% between 2018 and 2023. The growing demand for sustainable printing; increasing demand for digital textile printing in the garment and advertising industries; shortening lifespan and faster adaptability of fashion designs; development of new technologies in the textile industry; reduced per unit cost of printing with digital printers, and growth of the e-commerce industry are the major factors driving the market. However, the growing popularity of digital advertising media is one of the factors restraining the digital textile printing market growth.
Roll to Roll printing process held the largest market share in 2017
The global digital textile printing market for roll to roll printing process held the largest share in 2017.In 2017, more than 70% of the total digital textile printing market was dominated by the roll to roll printing process.
Roll to roll digital printers are majorly used in textile and decor, soft signage, and industrial applications.The major applications in textile and decor are home textile, upholstery, linens, drapery, ties, sportswear, footwear, clothes, interior decor, etc.
Applications in the soft signage and industrial segments include carpets, posters, banners, flags, vehicle wrapping, wallpaper, building material, POS display, etc.
Market for direct to garment application is expected to witness a significant growth between 2018 and 2023
The market for direct to garment application is expected to grow significantly during the forecast period. Fast moving fashion cycles, cost advantage on short run cycles, creative designs, quick time to market for new trends, reduced wastage, and low power consumption are some of the major factors which will drive the market for direct to garment applications.
Market for sublimation ink is expected to witness a significant growth between 2018 and 2023
The market for digital textile printing market for ink is expected to grow significantly during the forecast period.Sublimation inks are widely used in the textile as well as the clothing and soft signage segments owing to benefits such as non-solubility, resistance to damage, and colorfastness.
Sublimation inks are used on polyester, acetate rayon, poly-lycra, and acrylics and require post-treatment heat.In 2017, the textile and decor and direct to garment segments contributed the major share to the digital textile printing market.
Polyester is used extensively in digital textile printing owing to benefits such as colorfastness, strength, and durability, and also due to its resistance to stretch, shrinkage, and abrasion. With the growing demand for textiles across the globe and the rising demand for polyester fabrics in the textile industry, the textile and decor and direct to garment segments will continue to account for the maximum share of this market during the next five years as well.
Europe held the largest market share in 2017 and is expected to exhibit considerable growth during the forecast period
Europe is expected to hold the largest share of the digital textile printing market during the forecast period owing to the growing demand from the fashion industry.Digital textile printers are deployed at a rapid rate in Europe to meet the need of faster turnaround times, shorter runs, and more variable data printing with high quality.
The market in Europe is fully supported by government bodies in various countries, with several laws for free trade, favorable tariffs, and low import and export taxes. In addition, the availability of learned and skilled resources in European countries makes it a preferred region for research laboratories and organizations.
Break-up of the profiles of primary participants:
â€¢ By Company Type: Tier 1 â€" 52%, Tier 2 â€" 21%, and Tier 3 â€" 27%
â€¢ By Designation: C-Level Executives â€" 63% and Managers â€" 37%
â€¢ By Region: North America â€" 21%, Europe â€" 40%, Asia Pacific â€" 24%, and Rest of the World â€" 15%
The report includes the company profiles of the market for prominent players including Aeoon Technologies GmbH (Austria), ATPColor Srl (Italy), Bordeaux Digital PrintInk Ltd. (Israel), Durst Phototechnik AG (Italy), Hollanders Printing Systems B.V. (Netherlands), Kornit Digital (Israel), SPGPrints B.V. (Netherlands), Brother International Corporation (Japan), Colorjet Group (India), d.gen Inc. (South Korea), Konica Minolta, Inc. (Japan), Mimaki Engineering Co., Ltd. (Japan), Mutoh Holdings Co. Ltd. (Japan), Ricoh Company Ltd (Japan), Roland DG Corporation (Japan), Seiko Epson Corporation (Japan), DuPont (US), Electronics for Imaging, Inc. (US), and Huntsman International LLC (US).
This research report categorizes the global digital textile printing market on the basis of printing process, ink type, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.
Reasons to Buy the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the digital textile printing market comprehensively and provides the closest market size estimation for subsegments across different regions.
2. The report would help stakeholders understand the pulse of the market and provide them the information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, product launches, acquisitions, partnerships, expansions, agreements, contracts, alliances, and collaborations.
Read the full report: https://www.reportlinker.com/p05376202
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: [email protected]
Intl: +1 339-368-6001