Digital Textile Printing Market to Surpass $311.7 Million by 2028: Fortune Business Insights
04 November 2023: Global digital textile printing market size was valued at USD 147.4 million in 2020. The market is anticipated to grow from USD 159.1 million in 2021 to USD 311.7 million in 2028, exhibiting a CAGR of 10.1% over the estimated period. The growing consumer awareness for trending apparel fashion and clothing is anticipated to be key factor driving growth of the market. Fortune Business Insights™ has presented this information in its report “Digital Textile Printing Market, 2021-2028”.
Growing need for printed fabric materials and textiles has induced manufacturers to adopt digital printing technology for better and faster fabric printing. Development of compact, fast, and lightweight printers attracts more customers towards printed fabric clothing products. The development of advanced digital textile printings is likely to stimulate market growth in the coming years.
Growing Consumer Awareness for Trending Fashion Apparel to Fuel Market Growth
Digital printing machines help businesses to improve profitability by reducing operational costs and enhancing print quality. Additionally, the automation of the process helps to cut down the human resource requirements at the facility. The overall cost advantage of digital printing machines is anticipated to bolster the global digital printing machine market growth. Additionally, development of advanced digital printers by key manufacturers is likely to boost the growth of the market.
The growing consumer awareness for trending fashion apparel and clothing is expected to be the key factor driving the growth of the market. Moreover, the improving personal disposable income levels and living standards of consumers are anticipated to stimulate the market’s growth in the coming years.
Digital printing solutions offer virtual printed models of fabrics, and users can get a glimpse of the finalized product before initiating the actual process. This helps the consumers choose the best-suited fabric texture and is likely to amplify the market’s growth.
Digital Textile Printing Market Segmentation
On the basis of operations, the market is bifurcated into multi pass and single pass. On the basis of application, the market is segmented into clothing and apparel, soft signage, home décor, and others. Geographically, the market is classified into five major regions-North America, Europe, Asia Pacific, South America and the Middle East & Africa.
Digital Textile Printing Market Regional Insights
Asia Pacific to Gain the Largest Share due to Growing Needs for Printed Fabrics
Asia Pacific is anticipated to hold the largest portion in the global digital textile printing market share. India and China are expected to be the leading regions in the market. The ever-increasing population and the growing needs for printed fabrics are likely to bolster the growth of the market.
North America is expected to witness considerable growth due to the substantial imports of textiles. Europe is projected to gain steep growth in the coming years due to the increasing use of digital printing in the soft signage segment. The market possesses significant untapped growth potential. The surging urbanization and the expanding imports of textiles are anticipated to drive the growth in the Middle East and Africa.
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