NEWARK, Del., July 13, 2023, (GLOBE NEWSWIRE), — According to Future Market Insights, the Global Digital Textile Printer Industry It is estimated that by 2025, the world population will be at US$ 2,212.9 millions In 2023. Global sales of digital fabric printers will increase between 2023 and 2033. The following are some of the most effective ways to improve your own effectiveness. 9.8% CAGR. It is estimated that the total value of the market will be US$ 5,304.3 Million By 2033.
Growth in the market is driven by continuously changing fashion trends, a high need for advanced printing technologies, and increasing demand for customized & personalized home décor.
The market for custom textiles in the home décor and furnishing sector is experiencing rapid growth. People today prefer exclusive and fast fashion products, which can be personalized and customized according to their needs.
Customers are willing to pay premium prices and actively seek out platforms and brands that cater to their custom home décor needs. This trend is a result of the growing purchasing power of Gen Z and their preference for online shopping.
The demand for printed furniture materials is high. The demand for unique and personalized home furnishings is increasing, such as curtains, upholstery fabrics and bedding. The adoption of digital textile printing is a result.
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Digital textile printers are ideal for printing customized designs, patterns, colours, or even photos on a variety of home textile products. Digital printing is gaining popularity in the home interiors market due to its personalization capabilities.
Another key factor driving global digital textile printing industry is the increase in online shopping by consumers.
The expectations of today’s consumer are high. They expect a personalized and pleasant shopping experience, as well as affordable and high quality clothing in line with the latest seasonal trends. These demands are met by online shopping platforms that offer attractive offers, like seasonal sales and a wide range of apparel options.
The growing demand for fast-fashion amplifies the importance digital textile printers have in the fashion industry. And the shift in customer preference and choice towards online shopping is set to accelerate further market growth.
What you need to know From the Digital Textile Printer Market Research Report
- Globally, the digital textile printer market is expected to reach US$ 5,304.3 millions by 2033.
- The pigment segment, based on ink sales, is expected to grow at a CAGR between 11.1% and 2033.
- Direct-To-Garment, based on the printing process, is expected hold a share of 50.2% or more in 2023.
- By end use, the clothing & apparel segment is projected to reach a valuation of US$ 3,474.0 million by 2033.
- By 2033, the digital textile market in the United States is expected to reach US$ 568.0 millions.
- Demand for digital textile printers in India is expected to grow at a CAGR of 8.8% during the assessment period.
“Growing concerns about sustainability in printing haIncreased ve Demand for digital textile printers. Digital textile printers provide design flexibility and quicker production rates. They are widely used around the world. Key companies are looking to develop advanced printing equipment to expand their customer base.” – FMI analyst leads the way
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Digital textile printing is a great alternative to traditional dyeing. It reduces waste and addresses the water pollution from dyeing which is the second most significant global water pollutant.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
Print-on-demand and a lower price per print make it possible to produce quickly, with profits from any order.
Digital textile printing offers designers nearly unlimited graphic and color options, which is superior to traditional printing technologies. This freedom allows designers the opportunity to express their creativity in creating unique designs.
The benefits are also extended to the supply chains. Digital printing makes it easier to meet production and shipping deadlines, which prevents overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Key Companies and their winning development strategies:
Here are some of the most prominent Digital Textile Printer Manufacturers that were profiled in this report. Tier 1 players have a market share of 15% to 25% in the digital printer industry.
- Seiko Epson Corporation
- Kornit Digital Ltd.
- Durst Ag
- Aeoon Technologies GmbH
- J. Zimmer Maschinenbau GmbH
- SPGPrints BV
- Ricoh Company, Ltd
- ATP COLOR S.R.L
- Electronics For Imaging, Inc.
- DCC Group
- MIMAKI ENGINEERING & CO., LTD.
- Konica Minolta, Inc.
- Mutoh Holdings Co. Ltd.
- Dover Corporation
- HP Inc.
- Brother International Corporation
- There are many others.
The leading companies are focusing on the development of new digital textile printers with enhanced features. They also implement various strategies to increase profits, such as mergers, partnerships and acquisitions.
- In Dec 2022ColorJet Group has launched Metro NXT – a high-quality, high-speed digital fabric printer at India ITME-2022.
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Global Digital Textile Printer Market By Category
By Printing Process
- Direct to Garment (DTG).
- Direct to fabric (DTF)
By Machine Type
- Single Pass Printer
- Grand Format Printer
By Sales Channel:
- Manufacturers (Direct sales)
By End Use
- Clothing & Apparels
- Golf Shirts
- Others (Jackets, Tie, etc.)
- Bed Linens
- Carpets & Curtains
- Others (Napkins, Towels, etc.)
- Technical Textiles
- Others (Flags & Banners, Décor, etc.)
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East & Africa
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Find out more about packaging research:
Digital Printed Cartons Market Overview According to FMI’s latest report, digital printed cartons are expected to grow at a rate of CAGR 6.5%-7% over the upcoming decade.
Digital Label Market Growth. Global demand for digital label printing is forecasted to be US$ 10,538.3 in 2022. It will then grow at an annual CAGR of 5.3%, reaching US$ 17,662.6 from 2022-2032.
Digital Printing Market Demand: The global digital printing packaging market is expected to reach US$ 17,760.7 million in 2022. This demand will grow at a 5.1% CAGR to US$ 29,206.9 million from 2022-2032.
Market forecast for Digital Printing Paper: For a variety of reasons, the demand for digital print paper is expected to continue growing. The digital printing paper is used in various industries such as display packaging, food & beverages packaging.
Oceania Digital Textile Printer Market: According to recent market research, the Oceania market for digital textile printers is expected to reach a value of US$98.4 in 2023. It is projected to continue to expand at a 4.3% CAGR over the forecast period of 2023-2033.
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