Future
Market Insights (FMI) delivers key insights on the global digital textile
printing market in its published report titled “Digital Textile Printing
Market: Global Industry Analysis 2013-2017 and Opportunity Assessment
2018-2027”. In terms of revenue, the global digital textile printing market is
projected to expand at a CAGR of 16.3% during the forecast period, owing to
numerous factors on which FMI sheds light in this report. The Asia Pacific
digital textile printing market is expected to remain in the leading position
during the forecast period.
Digital
Textile Printing Market: Overview & Analysis
Digital textile printing is defined as printing technology that
prints packaging materials with computerized inkjet printers and laser
printers. Digital textile printing requires minimal press setup operations
which reduces the turnaround time. Consequently digital textile printing
technology is able to offer quick response time as compared to analog printing
technologies.
In
this report, Future Market Insights suggests that the growth of digital textile
printing market can mainly be attributed to the contributions from emerging
economies, such as countries in the APEJ region - India & China. China is
expected to be at the forefront, spearheading the growth of the digital textile
printing market, during the forecast period. According to the research by
Future Market Insights, the China digital textile printing market has witnessed
rapid growth in the past couple of decades. The APEJ region is characterized by
a robust political, demographic, and economic ecosystem of the leading emerging
economies; and a rapidly growing digital textile printing industry in the
region will lead to optimum in growth levels in the coming decade.
End users of digital textile printing such as food & beverage,
personal care, pharmaceuticals, automotive and other end use industries are
increasingly adopting digital textile printing on their sales promotion devices
such as Point-of-purchase displays and banners. Increasing competition in the
digital textile printing market has led to growing sales of promotional
activity, which increases the growth of digital textile printing market.
Digital textile printing is used to print on sales promotional devices such as
displays and banners attract the customers to test or buy the product. As
compared to digital flexographic printing which is most frequently used in
printing the banners for promotion, digital textile printing provides high
clarity, glossy and eye catching graphic. Various color shades and color
combinations can be achieved through digital textile printing.
Companies involved in the manufacturing of digital textile
printing are rapidly providing the flexibility of buying and bargaining to
printing enterprises which are into newspaper & magazine publications,
commercial printing as well as advertising industries. The various advantages
of digital textile printing over conventional printing technology has
tremendously increased the usage of digital textile printing. Digital textile
printing is also preferred due to its capability of printing on substrate. The
trend of substrate printing on glass, aluminium, wood etc. will create an
opportunity for digital textile printing in future.
In recent years,
there has been an increase in demand for digital textile printing in shrink
sleeves. Customers are preferring digital textile printing technology due to
its offering of customization for each label while printing. Another advantage
is digital textile printing has lesser operational cost on shrink sleeves.
Digital textile printing can provide labeling experience with affordable
solutions for nutraceutical labels. This is attributed to various advantages
such as convenience in changing the nutraceutical labels whenever government
norms are changed. The time required for printing of nutraceuticals labels is
lesser when done using digital textile printing solutions. Revenue from digital
textile printing in North America is estimated to account for over 43% of the
global digital textile printing market revenue, in 2018.