The global digital textile printer market is poised for substantial growth in the coming decade, with projections indicating a remarkable surge in value. Starting at US$ 2,212.9 million in 2023, the market is expected to reach an impressive US$ 5,304.3 million by 2033, with a projected Compound Annual Growth Rate (CAGR) of 9.8% over the forecast period from 2023 to 2033.
In the year 2023 alone, the digital textile printer industry’s worldwide valuation stood at approximately US$ 1,984.5 million, showcasing a substantial Year-over-Year (Y-o-Y) growth rate of 11.5%. This rapid growth is driven by various factors, including increasing demand for digitally printed textiles across multiple industries.
According to Future Market Insights (FMI), the clothing and apparel segment dominated the market in 2022, accounting for a substantial 64.6% share within the global market. This segment is expected to continue its strong performance, generating substantial revenues in the coming years.
Furthermore, the direct-to-garment segment leads the market with a share exceeding 50.2%, and it is poised to thrive with an anticipated CAGR of approximately 10.2% over the next decade. This segment’s growth is driven by the demand for customized and on-demand textile printing solutions, especially in the fashion and garment industry. Overall, the digital textile printer market presents promising opportunities and a robust growth trajectory in the years ahead.
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There is a strong demand for printed materials used in furniture. Consumers are increasingly looking for personalized and one-of-a-kind home furnishings, including curtains, upholstery fabrics, bedding, and cushions. This in turn is encouraging the adoption of digital textile printers.
Digital textile printers have emerged as ideal printing solutions, allowing for customization by enabling the printing of specific designs, patterns, colors, and even photographs on a wide range of home textile products. This capability to personalize is significantly fueling the demand for digital printing within the home interior market.
Consumers shift to online shopping is another key factor driving the global digital textile printing industry.
Today’s consumers have elevated expectations, seeking pleasant and personalized shopping experiences, and affordable and high-quality clothing aligned with seasonal trends. Online shopping platforms fulfill these demands through attractive offerings, such as seasonal sales and diverse apparel selections.
The rising demand for fast fashion amplifies the importance of digital textile printers in the fashion sector, and the ongoing shift in customer preferences and choices towards online shopping is poised to further accelerate market growth.
Key Takeaways from this Market:
- The global digital textile printer industry is expected to reach a valuation of US$ 5,304.3 million by 2033.
- Based on ink, the pigment segment is forecast to expand at a CAGR of 11.1% through 2033.
- By printing process, the direct-to-garment segment is expected to hold a market share of around 50.2% in 2023.
- By end use, the clothing & apparel segment is projected to reach a valuation of US$ 3,474.0 million by 2033.
- The United States digital textile market value is anticipated to reach US$ 568.0 million by 2033.
- Digital textile printer demand in India is predicted to rise at 8.8% CAGR during the assessment period.
“Growing concerns over sustainability in the printing sector have led to the increasing demand for digital textile printers. Digital textile printers offer design flexibility and faster production rates. As a result, they are being widely used globally. Key companies are looking to develop advanced printing equipment to expand their customer base,” – says a lead analyst at FMI.
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Digital textile printing offers several advantages over traditional dyeing, starting with its ability to reduce waste and address the issue of water pollution caused by dyeing, which is known as the second leading global polluter of water.
Further, the agility & flexibility of digital production and textile printing allow manufacturers to efficiently handle both small boutique orders and large retail orders using the same equipment, making it an attractive option.
With a lower cost per print and the convenience of print-on-demand, fast production is possible, enabling profitability from orders of any quantity with just a single button push.
Digital textile printing provides designers with nearly limitless graphic and color capabilities, surpassing traditional printing technologies. This freedom allows designers to unleash their creativity and produce unique designs.
The benefits extend to the supply chain as well. Meeting production and shipping deadlines become easier with digital printing, thereby preventing overstocking. Designers can constantly produce new collections to keep up with ever-changing fashion trends, while customers can satisfy their desire for customized apparel, décor, and gift items.
Who is winning?
Seiko Epson Corporation, Kornit Digital Ltd., Durst Group Ag, Aeoon Technologies GmbH, J. Zimmer Maschinenbau GmbH, SPGPrints BV, Ricoh Company, Ltd, ATP COLOR S.R.L, Electronics For Imaging, Inc., DCC Group, MIMAKI ENGINEERING CO., LTD., Konica Minolta, Inc., Mutoh Holdings Co. Ltd., Dover Corporation, HP Inc., Brother International Corporation, and others are few of the prominent digital textile printer manufacturers profiled in the report. The Tier 1 players in the market hold 15% to 25% share in the digital textile printing industry.
Leading companies are focusing on developing new digital textile printing machines with enhanced features. Further, they are implementing various strategies including mergers, partnerships, acquisitions, etc. to gain profits. For instance,
- In Dec 2022, Metro NXT, a high-quality and high-speed digital textile printer was launched by ColorJet Group at India ITME 2022.
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Global Market by Categorization:
By Printing Process:
- Direct to Garment (DTG)
- Dye-sublimation
- Direct to Fabric (DTF)
By Ink:
- Sublimation
- Reactive
- Acid
- Disperse
- Pigment
By Machine Type:
- Single Pass Printer
- Grand Format Printer
By Substrate:
- Cotton
- Silk
- Rayon
- Linen
- Polyester
- Polyamide
- Wool
By Sales Channel:
- Manufacturers (Direct Sales)
- Distributors/Suppliers
By End Use:
- Clothing & Apparels
-
- T-shirts
- Pants
- Leggings
- Caps
- Sweatshirts
- Hoodies
- Shorts
- Golf Shirts
- Others (Jackets, Tie, etc.)
- Household
- Bed Linens
- Carpets & Curtains
- Others (Napkins, Towels, etc.)
- Technical Textiles
- Others (Flags & Banners, Décor, etc.)
By Region:
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan Countries
- Baltic Countries
- Middle East & Africa
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Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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