Digital textile printing
While textile printing has growing demand in the automotive, fashion and paper industries. Grow from 2020 to 2027 with the highest CAGR of 20.7%
PORTLAND, OREGON, UNITED STATES, Sep 27, 2021 /EINPresswire.com/ – According to the report released by Allied Market Research, the digital textile printing market is projected to reach $ 8.8 billion by 2027, with an annual growth rate of 19.1 % from 2020 to 2027. The report highlights the key segments, key investment pockets, growth by segmentation, and the competitive scenario.
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“The global market for digital textile printing is heading for an expansion phase. This is mainly due to a significant surge in demand for polyester and silk clothing with individual print designs. While textile printing has growing demand in the automotive, fashion and paper industries. The shifting fashion trend towards high quality digital printing with a great deal of color and design flexibility and an increase in disposable income have led to an increase in the use of digital textile printing for mining activities. The presence of large textile fabric manufacturers and large textile companies has positioned Europe as a lucrative region for the global growth of the digital textile printing market. “
According to the report, the market had the largest share across Europe and accounted for more than a third of the total market. The reason for this is the great demand for digital textile printing from many manufacturers. At the same time, the Asia-Pacific market is expected to grow from 2020 to 2027 with the highest CAGR of 20.7%. The report also provides an in-depth analysis of the North America and LAMEA market.
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The global digital textile printing market is analyzed by ink type, substrate and application.
Based on ink type, the sublimation segment contributed nearly half of total market sales and is expected to remain dominant through the end of 2027 due to the increasing demand for dye sublimation and custom printing services. The Pigments segment, on the other hand, is expected to grow with the fastest CAGR of 21.9% from 2020 to 2027. The increase in the penetration of pigments in fashion and sportswear due to their high durability and color stability is driving segment growth.
Depending on the application, the Display & Others segment made up more than half of the total market share and is expected to retain its dominance until the end of 2027. This is due to the shifting trend towards the use of environmentally friendly inks in electronic circuits. At the same time, it is estimated that the household segment will grow with the fastest CAGR of 20.7% over the forecast period. The high flexibility of digital textile printing in terms of color and design is driving the growth of the segment.
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Global Digital Textile Printing Market report includes a comprehensive analysis of key players in the market such as Ags Transact Technologies Limited, Dickson Coatings, Am Printex Solutions, Hollander BV, DazianLlc, MehlerTexnologiesGmbh, Huntsman Corporation, Digitex India Inc., Fisher Textilesinc. and China Dyeing Holdings Ltd.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and management consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global corporations as well as medium and small businesses. AMR provides targeted business insights and advice to its clients to help them make strategic business decisions and achieve sustainable growth in their respective market domains.
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September 27, 2021 at 05:13 GMT
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