The report presents a thorough professional account of the market and examines the impact of a variety of factors on the overall development of the market in the next few years. The report, titled “Global Digital Textile Printing Market 2017-2021,” states that the market will exhibit an exceptional 18% CAGR over the period between 2017 and 2021.
A variety of factors, including the rising numbers of trade exhibits across the globe, will prove to be the driving force for the global digital textile printing market in the next few years. The report states that the rising numbers of trade shows being held across the globe every years, as a way of expanding consumer-bases and creating new connections between peers through face-to-face marketing, leads to the increased demand for soft signages. Used across a number of areas such as signs for hall entrance, keynotes, luncheons, conference areas, and show directories, the vast usage of soft signages in such trade shows provides promising growth prospects for the digital textile printing industry.
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In terms of geography, the report segments the global digital textile printing market across regions such as Asia Pacific (APAC), North and South America (Americas), and Europe and Middle East and Africa (EMEA). Of these, the market in EMEA is expected to account for the dominant share of the digital textile printing market throughout the report’s forecast period. The thriving textile and clothing industry in the region is attributed to the promising growth avenues for the digital textile printing market it has.
In terms of ink type, the report segments the global digital textile printing market into reactive ink, pigment ink, acid ink, and disperse and sublimation inks. Of these, the segment of disperse and sublimation inks accounted for the dominant share of the market in 2016. Widely preferred for applications such as soft signage and textiles and clothing owing to benefits such as resistance to damage, non-solubility, and color fastness, disperse and sublimation inks will continue to account for a dominant share of the global digital textile printing market over the report’s forecast period as well.
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The report segments the global digital textile printing market on the basis of application into soft signage, textiles and clothing, and home textiles. Of these, the segment of textiles and clothing accounted for the dominant share of the global digital textile printing market in 2016. Polyester is one of the most preferred material for digital textile printing owing to its benefits such as abrasion resistance, low shrinkage add stretch, strength, color fastness, and durability. As the global demand for polyester fabrics in the textile industry expands at a promising pace, the textile and clothing segment will continue to be the leading contributor of revenue to the global digital textile printing market over the report’s forecast period as well.
The report states that the global digital textile printing market is relatively fragmented and is highly competitive. The threat of new players in the market is low as the market demands significant financial support for entry and requires excellent technical expertise. Some of the leading companies in the market are DuPont, Kiri Industries, Huntsman International, Kornit Digital, Sensient Imaging Technologies, Hongsam Digital Science & Technology, FUJIFILM Holdings Corporation, Jay Chemical Industries, SPGPrints, Sun Chemical Corporation, Marabu, and JK Group.
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