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As per a newly released report on the digital textile printings inks by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 1 billion in 2022, and expand at a high CAGR of around 12.7% over the period of 2022-2032.
Within the textile printing industry, demand for digital textiles is rapidly expanding. Furthermore, printing mills are transitioning from a traditional to an automated business model. Every year, approximately 20 billion linear meters of printed textile fabric is produced. Currently, only around 5% of these are produced using the automation method. However, the digital textile printing industry is growing at the rate of around 25% every year.
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Another driver spurring market growth is the consistent use of digital textile printings inks in industries such as fashion, home textiles, and soft signage. Increase in consumer demand for printed textiles for multifarious application, along with a rise of the fashion industry, are expected to substantially increase the market for digital textile printings inks over the coming years.
What’s Driving High Consumption of Digital Textiles Printing Inks?
Sales of digital sublimation inks are rising rapidly as fashion trends are acting as the perfect catalyst driving demand growth of dye sublimation inks.
Consumers are demanding productive and efficient digital textile printers. This trend is picking more pace in developed regions of the world, which is positively influencing digital textile printing ink market demand. Europe and Asia are major manufacturers and exporters of digital textile printing inks, fulfilling demand from digital textile printed fabric manufactures with rapid technological advancements in printer technology.
In terms of sales, the fashion and home textile industry is expanding tremendously. The expanding textile industry is acting as a catalyst to grow the demand for various digital textile printing inks, which include pigmented inks for digital textile printing as well as reactive inks for digital textile printing. As these inks have the perfect holding capacity and chemical chemistry, digital textile inks are replacing water-based inks.
Key Takeaways from Market Study
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Key Segments of Digital Textile Printing Inks Industry Research
Digital Textile Printing Inks Market by Type :
Digital Textile Printing Inks Market by Printer Speed (sqm/hr):
Digital Textile Printing Inks Market by Printer Technology :
Digital Textile Printing Inks Market by End-use Application :
Digital Textile Printing Inks Market by Region :
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Amtex, DCC Prints, EFI, DyStar, DuPont, Durst Group AG, Everlight, Hongsam, Huntsman, Inkbank, Isonik, Jk Group, Kao Collins, Lustre, Marabu, and Sun Chemical are major players in the digital textile printing inks market.
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