Digital Textile Printing Market: Technical Textiles to Witness Fastest Growth During the Forecast Period: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027
The global market for digital textile printing was valued at US$
1,546.8 Mn in 2017 and is projected to expand at a CAGR of 16.3% during
the forecast period (2018-2028)
In terms ofapplication, technical textile is expected to be the most
attractive segment in the digital textile printing market across the
globe representing the highest CAGR in application segment of digital
textile printing market. The demand for packaging converters and
consumer brands to tailor their marketing communications has led to
growing opportunities for the global digital textile printing technology
in the packaging market. Digital textile printing technology is making
improvements in terms of quality of print and lithographic &
flexography printing technology providers are slowly shifting to digital
printing.
Digital textile printers are seeking more accurate ways of determining
the equipment type and run lengths for printing. It has been observed
that print service providers are mainly focusing on automating their
printing technology to digital textile printing. Globally, polyester
segment by substrate type of digital textile printing market to register
a CAGR of 22.2%. The most commonly used digital textile printing are
Direct to Fabric (DTF) and Direct to Garment (DTG) segment by printing
process accounting more than 80% of market share of digital textile
printing market.
Drivers and restraints impacting revenue growth of the digital textile printing market
Millennials are considered to be one of the key drivers of digital
textile printing market as they are increasingly preferring high graphic
printed and creatively designed apparels and textiles made through
digital textile printing. T-shirt printing is expected to be the key end
use application for digital textile printing. Celebrities are setting
the trend of printed textiles and apparels and hence the market for
digital textile printing rising the digital textile printing market.
Change in buying patterns of millennials has led to Increase in
popularity of the latest and most innovative textile designs, both
online and offline, by retailers. This is expected to boost growth of
the global digital textile printing market. Heat transfer printing is
driving textile and apparels sales, which in turn, accelerates market
growth for digital textile printing. Sublimation is the most commonly
used type of ink used for digital textile printing, accounting for
largest market share of digital textile printing market, in terms of
volume. The driving factor for sublimation ink segment in digital
textile printing is the absence of hazardous components as found in
other ink type.
As digital textile printing incurs high per unit costs of large
volumes, secondary packaging are preferably printed using conventional
printing technologies. This is one of the prominent factors which is
hindering the growth of the global digital textile printing market.
While comparing digital textile printing and conventional printing for
long run production, conventional printing is still considered to be
more prominent and trusted over digital textile printing. Conventional
printing technology is used over digital textile printing for reprinting
as it ensures consistency while printing and maintaining quality over
large volumes. Digital textile printing is still unable to match the
volume handling capabilities as that of conventional printing
technology, such as flexographic printing.
Key developments in the global digital textile printing market
- In February, Durst launched a new printing platform- the P5 series.
The P5 series is targeted towards the high printing volume which is used
for the industrial production as well as to provide good offset
quality.
- In June 2016, Xerox launched the Xerox Production Press for Plastic
Films & Substrates which can be used for printing on clamshells,
lids, blister packs before thermoforming.
- Packaging and Printing solution provider DCS, supplies compact,
cutting-edge Direct Jet UV LED inkjet printers that can print directly
text on tablet covers and cell phone cases.
Market taxonomy of the global digital textile printing market
The global market for digital textile printing is segmented by printing
process, ink type, substrate, application and region. On the basis of
printing process, the global digital textile printing market is
segmented into Direct to Garment (DTG), Dye-Sublimation and Direct to
Fabric (DTF).
On the basis of ink type, the global digital textile printing market is
segmented into sublimation, reactive, acid, direct disperse and
printing.
On the basis of substrate, the global digital textile printing market is segmented into cotton, silk, polyester and others.
On the basis of application, the global digital textile printing market
is segmented into clothing, household, display and technical textiles.
Furthermore, on the basis of region, the global the digital textile
printing market is segmented as North America, Latin America, Europe,
Japan, Asia Pacific excluding Japan and Middle East & Africa.
Companies operating in the digital textile printing market
Key players for the global digital textile printing market are
Electronics For Imaging Inc., Durst Group (Durst Phototechnik AG),
Konica Minolta Inc., Roq International, Kornit Digital Ltd., Mimaki
Engineering Co., Ltd., Sawgrass Technologies Inc, Seiko Epson
Corpoation, The M&R Companies? Spgprints B.V.