PUBLISHER: Grand View Research | PRODUCT CODE: 1076491
PUBLISHER: Grand View Research | PRODUCT CODE: 1076491
The U.S. digital printed textile market size is expected to reach USD 2,519.6 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 15.9% from 2022 to 2030. Increasing demand for soft signage applications is providing opportunities for digital textile printers is expected to drive the market growth.
The primary raw material required for digitally printed textiles includes different types of fabrics such as cotton, wool, viscose, silk, polyesters, and blends. The players attempt to offset the cost fluctuations of materials by developing high-margin solutions, improving productivity, and increasing the selling prices.
Technological changes in digital textile printing are expected to substantially influence the market dynamics. Fabric suppliers provide a wide range of fabrics for digital textile printing with a larger preference for cotton, silks, and polyester that represents the main substrates, thus, influencing the value chain.
Major players are investing in research and development and are concentrated on introducing new products in the market to enhance customer productivity, thereby attaining business growth in the market. The players in the industry are focusing on growing the company through appropriate business acquisition opportunities along with the development of partnerships to enhance geographic presence, technologies, and product offerings.