Digital Textile Printing Market in APAC to Worth $16 Billion by 2023
Arizton’s recent market research report on the global digital textile printing market identifies EFI, SPGPrints, Seiko Epson, Kornit Digital, and Mimaki Engineering as the leading vendors that are likely to dominate the market during the forecast period. This research report provides a detailed analysis of market segmentation by ink type (sublimation/disperse dye ink, reactive dye ink, acid ink, and pigment inks), by application (fashion textiles, home textiles, and industrial textiles), and by geography (APAC, Europe, North America, and ROW).
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The global digital textile printing market is divided into three major segments that consist of by ink type, application, and geography.
APAC to grow at the fastest CAGR in the digital textile printing market during the forecast period
The digital textile printing market by geography is segmented into APAC, Europe, North America, and ROW. APAC dominated to a significant market share in 2017 and is estimated to grow at a CAGR of more than 18% during the forecast period. The expotential of growth of e-commerce platforms and players such as Amazon that enable agile manufacturing and deliveries is propelling the growth of the APAC region in the digital textile printing market. The concentration of large printing companies that provide garments and interior décor materials is driving the demand in the APAC market. China is the largest textile exporter and other Southeast Asian countries such as Myanmar, Cambodia, and Indonesia are biggest low-cost textile production hubs in the global market. The stringent government regulations are encouraging manufacturers to upgrade their products, standards, and processes in the APAC market. Additionally, the growing awareness among end-users will boost the adoption of digital printers in the APAC region. The growing popularity and installations of digital inkjet printers for medium and large capacity requirements will enable leading vendors to launch innovative products in the APAC digital textile printing market.
Reactive dye ink to grow at an impressive CAGR in the digital textile printing market during the forecast period
The ink type segment in the global digital textile printing market is classified into sublimation/disperse dye ink, reactive dye ink, acid ink, and pigment inks. Reactive dye ink occupied a considerable market share in 2017 and is projected to grow at a CAGR of approximately 21% during the forecast period. The increasing number of digital fabric printing ink systems used in single pass machines is propelling the demand for reactive dye ink in the global market. Leading regions such as Europe, Vietnam, China, Turkey, Philippines, and Bangladesh are the largest end-users of this dye ink in the global digital textile market. The reactive dye inks are used extensively in cotton products due to its resilient print with crockfastness, washfastness, and lightfastness specifically for fashion and interior fabrics. The introduction of environment-friendly inks used during the pre-treatment process, bounding chemicals are applied straight on the textile and have less wastage, thereby, propelling the growth of the global market. Furthermore, advancements in inks in terms of consistency, reliability, compliance, ink head life, and fastness will create lucrative opportunities for manufacturers in the global digital textile printing market during the forecast period.
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Home textiles to grow at a considerable CAGR in the digital textile printing market during the forecast period
The global digital textile printing market by application is segmented by fashion textiles, home textiles, and industrial textiles. The home textile segment dominated a significant market share in 2017 and is expected to grow at a CAGR of around 17% during the forecast period. The integration of inkjet technology that allows faster turnaround and the production of on-demand specific pieces are augmenting the growth of this segment in the global market. The development of digital textile printing machine for decorative fabric application and heavyweight furnishing will revolutionize the home textiles segment in the global digital textile printing market. The emerging trend of using eco-solvent inkjet printer is gaining immense traction and is applied to areas such as photographic reproductions, artwork, borders, and wall graphics in the global market. The extensive use of water-based pigment and reactive inks with high fastness will optimize production stages and create new avenues for leading vendors in the global market.
The other prominent players in the digital textile printing market are ColorJet, Durst Phototechnik, Du Pont, Dystar Group, Huntsman International, Konica Minolta, Marabu, Ms Printing Solutions, Sawgrass Technologies, Sensient Technologies, Sun Chemical Corporation, Mutoh, Shanghai INKWIN Inkjet Technology, and TrendVision Technology.
The complete overview of the latest market research report on digital textile printing market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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