Portland, OR, July 01, 2020 (GLOBE NEWSWIRE) -- 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 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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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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