As per the report published by Allied Market Research, the global digital textile printing market garnered $2.2 billion in 2019, and is anticipated to reach $8.8 billion by 2027, registering a CAGR of 19.1% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends.
Increase in demand for 3D printing technologies, advancements in
printing methods, and change in fashion trends drive the growth of the global
digital textile printing market. However, high cost of equipment and raw
materials and harmful environmental effect of digital printing hinder the
market. On the contrary, surge in demand from emerging economies is expected to
open new opportunities for the market players in the coming years.
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COVID-19 scenario: The recent pandemic has adversely affected
the global digital textile printing industry.
- The
industry has witnessed reduced demand for digital textile printing due to
the global lockdown. In addition, new businesses and projects have come to
a halt.
- The
shutdowns and restrictions on supporting industries including automotive,
clothing, home décor, and others have affected the market in terms of
revenue.
- Moreover,
governments in certain regions have initiated to revitalize some
manufacturing industries, which may offer an opportunity to the digital
textile industry to recover.
The global digital textile printing market is divided on the
basis of ink type, substrate type, application, and geography. Based on ink type,
the sublimation segment held the largest market share, accounting for nearly
half of the total market share in 2019. The segment would maintain its lead
throughout the forecast period. On the other hand, the pigment segment is
expected to manifest the highest CAGR of 21.9% during the study period.
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Textile Printing Market : https://www.alliedmarketresearch.com/request-for-customization/2080?reqfor=covid
Based on application, the display and others segment accounted
for the largest market share in 2019, contributing to more than half of the
total market share. The segment would rule the roost throughout 2027. However,
the household segment is anticipated to register the fastest CAGR of 20.7% from
2020 to 2027.
The global digital textile printing market is analyzed across
several regions such as North America, Asia-Pacific, Europe, and LAMEA. The
market across Europe held the largest share in 2019, contributing to more than
one-third of the market. Moreover, the Asia-Pacific region is expected to
register the fastest CAGR of 20.7% of the market.
The global digital textile printing market report includes an
in-depth analysis of the major market players such as Am Printex Solutions,
China Dyeing Holdings Ltd., Hollander B.V, DazianLlc, Dickson Coatings, Digitex
India Inc., Fisher Textilesinc., Mehler Texnologies Gmbh, untsman Corporation,
and Ags Transact Technologies Limited.
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Media, Aerospace & Defense, and BFSI.
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various companies and this helps us in digging out market data that helps us
generate accurate research data tables and confirms utmost accuracy in our
market forecasting. Each and every data presented in the reports published by
us is extracted through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement methodology
includes deep online and offline research and discussion with knowledgeable
professionals and analysts in the industry.
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