This report describes and explains the digital textile printing market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global digital textile printing market reached a value of nearly $2.78 billion in 2023, having grown at a compound annual growth rate (CAGR) of 9.77% since 2018. The market is expected to grow from $2.78 billion in 2023 to $5.15 billion in 2028 at a rate of 13.08%. The market is then expected to grow at a CAGR of 14.62% from 2028 and reach $10.19 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, increased internet penetration, increasing government initiatives and rise in disposable income. Factors that negatively affected growth in the historic period were high cost of digital textile printing machines.
Going forward, rising penetration of e-commerce, rising urbanization and increased customization demand and sustainability in textile production will drive the growth. Factor that could hinder the growth of the digital textile printing market in the future include counterfeit products.
Going forward, rising penetration of e-commerce, rising urbanization and increased customization demand and sustainability in textile production will drive the growth. Factor that could hinder the growth of the digital textile printing market in the future include counterfeit products.
The digital textile printing market is segmented by printing process into roll to roll and DTG (direct-to-garment). The roll to roll market was the largest segment of the digital textile printing market segmented by printing process, accounting for 64.2% or $1.78 billion of the total in 2023. Going forward, the DTG segment is expected to be the fastest growing segment in the digital textile printing market segmented by printing process, at a CAGR of 14.45% during 2023-2028.
The digital textile printing market is segmented by ink type into sublimation, pigment, reactive, acid and other ink types. The sublimation market was the largest segment of the digital textile printing market segmented by ink type, accounting for 49.6% or $1.38 billion of the total in 2023. Going forward, the sublimation segment is expected to be the fastest growing segment in the digital textile printing market segmented by ink type, at a CAGR of 14.77% during 2023-2028.
The digital textile printing market is segmented by application into clothing and apparel, home decor, soft signage and other applications. The clothing and apparel market was the largest segment of the digital textile printing market segmented by application, accounting for 55% or $1.53 billion of the total in 2023. Going forward, the clothing and apparel segment is expected to be the fastest growing segment in the digital textile printing market segmented by application, at a CAGR of 14.05% during 2023-2028.
The global digital textile printing market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up 49% of the total market in 2022. Seiko Epson Corporation was the largest competitor with a 13% share of the market, followed by Konica Minolta, Inc. with 10.9%, Brother Industries, Ltd. with 7.2%, Kornit Digital Ltd. with 5.4%, Dover Corporation with 4.1%, Roland DG Corporation with 3.4%, Mimaki Engineering Co., Ltd with 2%, The M&R Companies with 1.6%, Colorjet Group with 0.9% and Durst Group with 0.4%.
The top opportunities in the digital textile printing market segmented by printing process will arise in the roll to roll segment, which will gain $1.4 billion of global annual sales by 2028. The top opportunities in the digital textile printing market segmented by ink type will arise in the sublimation segment, which will gain $1.36 billion of global annual sales by 2028. The top opportunities in the digital textile printing market segmented by application will arise in the clothing and apparel segment, which will gain $1.42 billion of global annual sales by 2028. The digital textile printing market size will gain the most in China at $636.04 million.
Market-trend-based strategies for the digital textile printing market include developments in UV gel technology to enhancing quality and efficiency, innovation in printheads for enhanced printing speed and quality, advancements in direct-to-garment (DTG) technology reshaping digital textile printing, launch of textile 3D printing technology for personalized and sensitive fashion manufacturing, focus on high-speed digital textile printers for efficient production.
Player-adopted strategies in the digital textile printing market include focuses on strategic partnerships and collaborations to better serve the industry and to strengthen their position, enhancing its business operations through launching new printing solutions.
To take advantage of the opportunities, the analyst recommends the digital textile printing companies to focus on innovating with UV gel technology, focus on advancing printhead technology for enhanced performance, focus on elevating garment customization with DTG (direct-to-garment) technology, focus on high-speed digital textile printers, focus on sublimation and reactive ink type segments, expand in emerging markets, continue to focus on developed markets, focus on distribution channel expansion, provide competitively priced offerings, participate in trade shows and events,continue to use B2B promotions, focus on strategic promotion initiatives and focus on clothing and apparel and soft signage segments.
The global digital textile printing market reached a value of nearly $2.78 billion in 2023, having grown at a compound annual growth rate (CAGR) of 9.77% since 2018. The market is expected to grow from $2.78 billion in 2023 to $5.15 billion in 2028 at a rate of 13.08%. The market is then expected to grow at a CAGR of 14.62% from 2028 and reach $10.19 billion in 2033.
Growth in the historic period resulted from the strong economic growth in emerging markets, increased internet penetration, increasing government initiatives and rise in disposable income. Factors that negatively affected growth in the historic period were high cost of digital textile printing machines.
Going forward, rising penetration of e-commerce, rising urbanization and increased customization demand and sustainability in textile production will drive the growth. Factor that could hinder the growth of the digital textile printing market in the future include counterfeit products.
Going forward, rising penetration of e-commerce, rising urbanization and increased customization demand and sustainability in textile production will drive the growth. Factor that could hinder the growth of the digital textile printing market in the future include counterfeit products.
The digital textile printing market is segmented by printing process into roll to roll and DTG (direct-to-garment). The roll to roll market was the largest segment of the digital textile printing market segmented by printing process, accounting for 64.2% or $1.78 billion of the total in 2023. Going forward, the DTG segment is expected to be the fastest growing segment in the digital textile printing market segmented by printing process, at a CAGR of 14.45% during 2023-2028.
The digital textile printing market is segmented by ink type into sublimation, pigment, reactive, acid and other ink types. The sublimation market was the largest segment of the digital textile printing market segmented by ink type, accounting for 49.6% or $1.38 billion of the total in 2023. Going forward, the sublimation segment is expected to be the fastest growing segment in the digital textile printing market segmented by ink type, at a CAGR of 14.77% during 2023-2028.
The digital textile printing market is segmented by application into clothing and apparel, home decor, soft signage and other applications. The clothing and apparel market was the largest segment of the digital textile printing market segmented by application, accounting for 55% or $1.53 billion of the total in 2023. Going forward, the clothing and apparel segment is expected to be the fastest growing segment in the digital textile printing market segmented by application, at a CAGR of 14.05% during 2023-2028.
The global digital textile printing market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up 49% of the total market in 2022. Seiko Epson Corporation was the largest competitor with a 13% share of the market, followed by Konica Minolta, Inc. with 10.9%, Brother Industries, Ltd. with 7.2%, Kornit Digital Ltd. with 5.4%, Dover Corporation with 4.1%, Roland DG Corporation with 3.4%, Mimaki Engineering Co., Ltd with 2%, The M&R Companies with 1.6%, Colorjet Group with 0.9% and Durst Group with 0.4%.
The top opportunities in the digital textile printing market segmented by printing process will arise in the roll to roll segment, which will gain $1.4 billion of global annual sales by 2028. The top opportunities in the digital textile printing market segmented by ink type will arise in the sublimation segment, which will gain $1.36 billion of global annual sales by 2028. The top opportunities in the digital textile printing market segmented by application will arise in the clothing and apparel segment, which will gain $1.42 billion of global annual sales by 2028. The digital textile printing market size will gain the most in China at $636.04 million.
Market-trend-based strategies for the digital textile printing market include developments in UV gel technology to enhancing quality and efficiency, innovation in printheads for enhanced printing speed and quality, advancements in direct-to-garment (DTG) technology reshaping digital textile printing, launch of textile 3D printing technology for personalized and sensitive fashion manufacturing, focus on high-speed digital textile printers for efficient production.
Player-adopted strategies in the digital textile printing market include focuses on strategic partnerships and collaborations to better serve the industry and to strengthen their position, enhancing its business operations through launching new printing solutions.
To take advantage of the opportunities, the analyst recommends the digital textile printing companies to focus on innovating with UV gel technology, focus on advancing printhead technology for enhanced performance, focus on elevating garment customization with DTG (direct-to-garment) technology, focus on high-speed digital textile printers, focus on sublimation and reactive ink type segments, expand in emerging markets, continue to focus on developed markets, focus on distribution channel expansion, provide competitively priced offerings, participate in trade shows and events,continue to use B2B promotions, focus on strategic promotion initiatives and focus on clothing and apparel and soft signage segments.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Digital Textile Printing Market - Macro Economic Scenario
8 Major Market Trends
9 Global Market Size and Growth
10 Global Digital Textile Printing Market Segmentation
11 Digital Textile Printing Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Competitive Landscape and Company Profiles
22 Key Mergers and Acquisitions
23 Opportunities and Strategies
24 Digital Textile Printing Market, Conclusions and Recommendations
25 Appendix
Executive Summary
Digital Textile Printing Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global digital textile printing market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for digital textile printing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The digital textile printing market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider digital textile printing market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by printing process, by ink type and by application market.
- Key Trends Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario: The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the digital textile printing market.
- Global Market Size and Growth Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country
- Market Segmentation: Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by printing process, by ink type and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth: Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations: This section includes recommendations for digital textile printing providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Printing Process: Roll To Roll; DTG2) By Ink Type: Sublimation; Pigment; Reactive; Acid; Other ink types
3) By Application: Clothing and Apparel; Soft Signage; Home Décor; Other Applications
Key Companies Mentioned: Seiko Epson Corporation; Konica Minolta, Inc; Brother Industries, Ltd; Kornit Digital Ltd; Dover Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain Russia.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; digital textile printing indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Seiko Epson Corporation
- Konica Minolta, Inc
- Brother Industries, Ltd
- Kornit Digital Ltd
- Dover Corporation
- Roland DG Corporation
- Mimaki Engineering Co., Ltd
- The M&R Companies
- Colorjet Group
- Durst Group
- Huidi Digital Technology Co., Ltd.
- Dongguan Shangpin Printing Technology Co., Ltd
- Hangzhou Honghua Digital Technology Stock Co., Ltd
- DCC Print Vision LLP
- Apsom Infotex Ltd.
- D.Gen Inc
- EFI Reggiani
- PT. Gondi Citra Digital
- PT. Colorindo Aneka Chemicals
- MS Printing Solutions S.r.l
- SPGPrints B.V.
- Koenig & Bauer AG
- Epson Ibérica S.A.
- Coloreel AB
- Eltex of Sweden AB
- EFI Reggiani
- Fujifilm Sericol UK Limited
- Mimaki Europe B.V.
- ART-FLY
- TexDirect
- SPGPrints B.V
- ATP Color SRL
- Kornit Digital Ltd
- Colour Connection s.r.o
- Apsom Infotex s.r.o.
- Saint Clair Textiles
- Brother International Corporation
- Electronics For Imaging, Inc
- DuPont de Nemours Inc.
- Dazian LLC
- Sensient Technologies Corporation
- Sun Chemical Corporation
- Huntsman Corporation
- SPGPrints
- Colorjet
- Bordeaux Digital PrintInk
- Imaterial Textile Printers
- Beyond Innovation Printing
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 273 |
Published | April 2024 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 2.8 Billion |
Forecasted Market Value ( USD | $ 10.2 Billion |
Compound Annual Growth Rate | 13.8% |
Regions Covered | Global |