Textile Printing Market to See 6.2% CAGR – 3D Software and Digital Textile Printing Innovations Revolutionize Fashion Sampling
21 July 2023: The “Textile Printing: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. The global market for Textile Printing estimated at 24.8 Billion Square Meters in the year 2022, is projected to reach a revised size of 40.2 Billion Square Meters by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.
Screen Printing, one of the segments analysed in the report, is projected to record 2.8% CAGR and reach 27.4 Billion Square Meters by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in Digital Printing segment is readjusted to a revised 20.4% CAGR for the next 8-year period.
Textile Printing market in USA is estimated at 1.6 Billion Square Meters in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of 13.5 Billion Square Meters by year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.
The report provides influencer market insights, world market trajectories, impact of COVID-19 and a looming global recession, how the world shifted to an endemic COVID-19 strategy with focus on multilateral approach to managing future pandemics, why multilateral approach is key to dealing with future pandemics, how war and inflation superseded COVID-19 as major downside risks for the global economy in 2022, spillovers of negative inflationary forces, stubbornly high inflation set to dampen growth, with each passing day, the risk of stagflation is rising. After the pandemic, global economic uncertainty surges amidst war, inflation, political tensions and supply chain disruptions aggravated by China’s slowdown.
www.researchandmarkets.com
