DIGITAL TEX­TILE PRINT­ING

Poised for Strong Growth

Perfect Sourcing - - News -

Ap­pli­ca­tions of DTP (Digital Tex­tile Print­ing) tech­nol­ogy seg­mented into four ma­jor cat­e­gories, namely tex­tiles, cloth­ing, home tex­tiles, soft sig­nage, and oth­ers. Tex­tiles and cloth­ing ap­pli­ca­tion is pro­jected to see fastest growth with a CAGR of 29.4% in terms of vol­ume, from 2015-2020. Ac­cord­ing to the new mar­ket re­search re­port on the “Digital Tex­tile Print­ing Mar­ket by Print­ing Process (Roll to Roll, DTG), Ink Type (Sub­li­ma­tion, Pig­ment, Re­ac­tive, Acid), Ap­pli­ca­tion (Tex­tile & Decor, In­dus­trial, Soft Sig­nage, Di­rect to Gar­ment), and Ge­og­ra­phy - Global Fore­cast to 2023” mar­ket is ex­pected to be worth USD 2.31 Bil­lion by 2023 from USD 1.76 Bil­lion in 2018, at a CAGR of 5.59% be­tween 2018 and 2023.

The mar­ket for di­rect to gar­ment ap­pli­ca­tion is ex­pected to grow sig­nif­i­cantly be­cause of fast mov­ing fash­ion cycles, cost ad­van­tage on short run cycles, cre­ative de­signs, quick time to mar­ket for new trends, re­duced wastage, and low power con­sump­tion are some of the ma­jor fac­tors which will drive the mar­ket for di­rect to gar­ment ap­pli­ca­tions.

The global digital tex­tile print­ing mar­ket for roll to roll print­ing process held the largest share in 2017. In fact, in 2017, more than 70% of the to­tal digital tex­tile print­ing mar­ket was dom­i­nated by the roll to roll print­ing process. Roll to roll digital print­ers are ma­jorly used in tex­tile and decor, soft sig­nage, and in­dus­trial ap­pli­ca­tions. The ma­jor ap­pli­ca­tions in tex­tile and decor are home tex­tile, up­hol­stery, linens, drap­ery, ties, sports­wear, footwear, clothes, in­te­rior decor, etc. Ap­pli­ca­tions in the soft sig­nage and in­dus­trial seg­ments in­clude car­pets, posters, ban­ners, flags, ve­hi­cle wrap­ping, wall­pa­per, build­ing ma­te­rial, POS dis­play, etc.

Soft Sig­nage ap­pli­ca­tion is the old­est and largest end-use ap­pli­ca­tion of the DTP tech­nol­ogy. This seg­ment rep­re­sents roughly 44.1% of the mar­ket size in 2014 in terms of vol­ume and is ex­pected to be the sec­ond fastest grow­ing mar­ket till 2020 grow­ing at a CAGR of 27.7% in terms of vol­ume.

in 2017, more than 70% of the to­tal digital tex­tile print­ing mar­ket was dom­i­nated by the roll to roll print­ing process. Roll to roll digital print­ers are ma­jorly used in tex­tile and decor, soft sig­nage, and in­dus­trial ap­pli­ca­tions.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.