Digital Solutions Boost Market Share in Textile Printing

The global digital textile printing market, valued at $2.67 billion in 2022, is projected to expand at a CAGR of 14.4% from 2023 to 2030, according to Grand View Research. The demand for printed textiles is driving this significant growth, with digital technology expected to increase its current market share from less than 10% to 25% within the next decade.

Rising per capita disposable income in emerging countries and the rapid adoption of digitally printed design trends are key factors contributing to market growth. Additionally, the use of printed textiles in car interiors and vehicle wraps is further boosting the market. However, challenges such as fluctuating raw material costs, harmful ink effects, and the high cost of digital textile printers may hinder growth to some extent. Nonetheless, advancements in additive manufacturing for textile applications are poised to offer new market opportunities.

Asia-Pacific Leading the Charge

The Asia-Pacific region is set to be the fastest-growing segment due to its numerous textile hubs, with China and India being the major contributors. Companies like Mimaki Engineering, Seiko Epson Corporation, Kornit Digital, and Konica Minolta are key players in the market. These companies are focusing on eco-friendly product launches and initiatives like acquisitions and collaborations to increase their market share.

DTF Printing Dominates

Direct to Fabric (DTF) printing held over 67% of the market share in 2022. This method involves printing designs directly onto fabric rolls, which are then cut and sewn into apparel and home décor items. Various inks, including pigment inks, reactive dyes, dye-sublimation inks, and acid dyes, are used in DTF printing. The multi-pass operation segment dominated the market with over 62% share in 2022, while the single-pass operation segment is expected to grow at 14.6% during the forecast period.

Apparel Segment Leads the Market

The clothing/apparel segment, comprising over 53% of the market share in 2022, is projected to remain the fastest-growing segment. The dynamic nature of the fashion industry is a major contributor to this growth. Home décor is the second fastest-growing segment, with an anticipated CAGR of 14.6%. The cotton segment dominated the market with over 52% share in 2022, but polyester is expected to grow the fastest at 15.2% during the forecast period.

Source: www.textilegence.com