Global Digital Textile Printing Market Valued at US$8.5 Billion by 2033
27 May 2023: Digital textile printing market was valued at US$ 2,714.5 million in 2023 and is projected to record a CAGR of 12.2% to reach US$ 8,545.1 million by 2033. Companies in digital textile printing industry are focusing on technological advancements and investing in research and development. To diversify their product portfolios and gain a competitive edge. The development of eco-friendly printing systems and the integration of digital printers with advanced software enable innovative designs, vibrant colors and improved sharpness.
The rising use of dye-sublimation digital printing and integration of printing techniques to achieve high printing speeds. Advantages like low cost and durability contribute to market expansion in developing economies. However, the high cost of digital textile printing machines remains a challenge, making them more expensive compared to traditional printing methods. The adoption of single-pass printing for higher quality adds to the cost, and skilled operators are needed to achieve desired outcomes.
Manufacturers are striving to reduce the cost of ink and pigments to alleviate this market restraint. North America accounts for 13.2% of the total market share in the digital textile printing industry, driven by the presence of digital natives and key players in the region. In India, the growth of digital textile printing is supported by promising performance of textile sector, the presence of textile mill clusters, and an expected growth trajectory of 13.0% between 2023-2033.
China is also contributing significantly to market growth through advancements in digital textile printing technology. Chinese companies are developing advanced equipment using innovative digital printing technology. China market is projected to record a transforming CAGR of 13.8%.
Direct-to-fabric (DTF) printing process is driving high market growth, accounting for 45.6% of market share. Followed by direct-to-garment printing at 33.9% and dye sublimation printing at 12.1%. Fashion industry holds a commanding share of 43.4% in the global digital textile printing market. As the technology enables faster production, customization, and unique design capabilities, while also reducing inventory costs and facilitating faster response to fashion trends. Digital textile printing has become a game-changer in the fashion industry, empowering designers and brands to bring their creative visions to life more efficiently and sustainably.
Global digital textile printing market is becoming more competitive as increased demand for printed textiles and consistent profitability attract new vendors. Because of the growing demand for environmentally friendly products, the market’s key players are focusing on new product releases and partnership formation. Kornit Digital, Seiko Epson Corporation, Mimaki Engineering and Durst Group are some leading participants in the sector.
October 2021 – Roland DG Corporation, a leading manufacturer of wide-format inkjet printers and printers/cutters, announced the launch of D-BRIDGE. A support website that provides a variety of useful information about the benefits of digitalization and success secrets for anyone involved in creating, particularly those in printing or manufacturing.
May 2021 – Global online fashion retailer and United Kingdom supplier ASOS and Fashion-Enter Ltd. announced a collaboration with Kornit to implement Kornit Presto. A low-impact direct-to-fabric digital textile printing solution with minimal water waste and increased production speeds. Kornit Presto is among the advanced single-step direct-to-fabric printing system.
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