PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346903
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346903
The global digital textile printing market size is expected to reach USD 8.46 billion by 2032, according to a new study by Polaris Market Research. The report "Digital Textile Printing Market Share, Size, Trends, Industry Analysis Report, By Printing Process (Direct to Garment (D2G), Dye Sublimation, Direct to Fabric (D2F)); By Ink; By Substrate; By End Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Digital textile printing offers various advantages over traditional printing methods, such as shorter turnaround times, reduced costs, and the ability to print on a wide range of fabrics with high precision. The expansion of growing companies is playing a significant role in driving the growth of the digital textile printing market. For instance, Seiko Epson Corporation is set to significantly expand its inkjet printhead production by constructing a new factory at Akita Epson. The company aims to triple its current production capacity and will invest approximately 3.5 billion yen in this project. This enables companies to increase their production capacity for digital textile printing, meeting the growing demand for printed textiles in various industries such as fashion, home décor, and advertising.
Digital textile printing offers numerous benefits that drive its growth in the market. It provides on-demand production capabilities, eliminating the need for large inventory stocks. Manufacturers can print textiles as needed, reducing excess inventory and associated costs. Moreover, digital printing significantly reduces fabric waste compared to traditional methods due to its flexibility in accommodating small orders without minimum quantity requirements or pre-production preparation. These inventory and waste reduction benefits contribute to the overall efficiency and cost-effectiveness of digital textile printing.
In addition to these advantages, product launches also play a vital role in driving innovation and the development of new technologies in the market. One noteworthy example is the introduction of the "Tiger600-1800TS" by Mimaki Engineering. This cutting-edge roll-to-roll sublimation transfer inkjet textile printer revolutionizes the industry by offering enhanced capabilities and driving the adoption of digital printing solutions in the textile sector.
Dye Sublimation segment is anticipated to witness faster growth in the coming years due to the superior print quality.
Sublimation ink segment accounted for the larger market share owing to the vibrant and high-quality prints.
Digital Polyester Printing segment is projected to experience a larger revenue share due to the compatibility with sublimation printing.
Cloth segment is expected to have higher growth owing to the shorter lead time and on-demand printing.
APAC projected to register a higher growth rate in the study period owing to growing demand for textiles.
North America is expected to grow larger revenue share owing to the rising production of digital textile printing.
The global players include: Epson, Mimaki Engineering, Roland DG, Huntsman, Brother Industries & Ricoh Company.
Polaris Market Research has segmented the digital textile printing market report based on printing process, ink, substrate, end use and region: