December 20, 2021
According to the research report titled ‘Global Digital Textile Printing Market (2021 Edition) - Analysis By Printing Process (DTF, DTG, Sublimation), Ink Type, Application, By Region, By Country: Market Insights and Forecast with Impact of Covid-19 (2021-2026)’, available with MarketStudyReport, global digital textile printing market was worth USD 2524.54 million in 2020 and is slated to garner lucrative returns by 2026.
As per the report findings, factors such as increasing flexibility in manufacturing processes, preference for soft signage, rising adoption of versatile design, and rapid digitization are driving global digital textile printing market growth.
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Based on printing type, the industry is classified into direct-to-garment (DTG), direct-to-fabric (DTF), and dye sublimation. Among these, direct-to-fabric (DTF) segment is one of the most prominent printing types in the industry and is slated to register remarkable growth over the forecast period. This can be attributed to advantages such as easy-to-use mechanisms.
Moving on to ink type, global digital textile printing market is arrayed into reactive inks, sublimation inks, acid inks, pigment inks, and disperse inks. Of these, sublimation inks segment is touted to witness remunerative trends during 2021-2026, driven by high demand for dye sublimation processes, and increasing inclination towards customization in textile printing.
By application scope, the industry segmentation comprises garments & apparel, industrial application, home decor, soft signage, and others. The garments & apparel sector presently accounts for a large share in the industry, due to increasing preference for fashionable clothes among the younger population, coupled with rising adoption of printing technology in the fashion sector.
From a regional frame of reference, the research literature spans across Americas (U.S, Canada, Mexico), Europe (Italy, Germany, U.K., France) and Asia Pacific (China, Japan, India). It provides a qualitative and quantitative analysis of each of these regions to pinpoint areas with high profit potential in the upcoming years.
Considering the competitive landscape, companies such as Hewlett-Packard Company (HP), Mutoh Holdings Co. Ltd., SPGPrints B.V., Electronics for Imaging Inc., Ricoh Company Ltd., Seiko Epson Corp., Konica Minolta Inc., Aeoon Technologies GmbH, Hollanders Printing Systems, and Kornit Digital Ltd. are influencing worldwide digital textile printing industry trends.