Textile Transfer Paper Sales to Increase – FMI projects growth at 5.9% CAGR between 2023 and 2033
03 July 2024: The global textile transfer paper market is expected to register highly positive growth through 2023, with the overall valuation estimated to reach US$ 777.2 million in 2023. Future Market Insights (FMI) projects textile transfer paper sales to increase at 5.9% CAGR between 2023 and 2033. The market size is estimated to surpass US$ 1,382.6 million by 2033.
Countries in Asia like China and India are known for their textile industry in the global market. In the textile industry, developing economies are generally exporters and developed ones like Russia and the United States are leading importers of textiles.
The abundant availability of raw materials like silk, cotton, jute, and wool in these nations is the key reason for the constant growth of the textile industry in these nations. Dye sublimation transfer printing is gaining popularity among the manufacturers of these economies as it provides a premium quality print with a wide array of color pallets and superior durability compared to thermal transfer printing.
To sustain in the competitive textile industry, manufacturers are switching to dye sublimation transfer printing to enhance their product quality. On the back of the consistently growing textile industry in emerging nations, the demand for dye sublimation textile transfer papers is anticipated to increase significantly.
Rising emphasis on leading a health-conscious lifestyle among consumers of all ages is proving to be a key trend, positively influencing the global dye sublimation transfer paper market. The millennial population is adopting fitness-centric routines by participating in sports, marathons, yoga classes, or a combination of all these activities to reap its several benefits.
Established as well as emerging sportswear brands are switching to dye sublimation transfer printing instead of other alternatives. This is mainly because apparel is subjected to various conditions within the sports industry and the print quality mustn’t degrade in a short period.
The textile transfer paper market is a growing industry at a significant rate, driven by the increasing demand for personalization and customization of clothing and accessories. As consumers become more interested in expressing their individuality through the clothes they wear, demand for textile transfer paper has increased.
The advancement of digital printing technology has also played a key role in driving the market. Digital printing enables the production of high-quality and full-color images on different fabrics. This has led to an increase in the use of textile transfer paper in the apparel and home textiles industries.
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