Digital Textile Printing Market anticipated to reach US$ 8 Bn by the end of the year 2029 - Comprehensive Research Report by FMI

DUBAI, United Arab Emirates, March01, 2022(GLOBE NEWSWIRE) -- The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by a new Future Market Insights (FMI) report. This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

Potential Impact of COVID-19

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand. Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic.

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In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end users and thrive over the course of the following years. This crisis will possibly create a fertile ground for potential transformation of the digital textile printing market, as stated by the FMI study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes.

Growth outlook of the digital textile printing seems promising, owing to its numerous characteristics and use of advanced technology. The U.S. and Canada are projected to offer lucrative opportunities to manufactures as the demand for digital textile printing solutions in these countries surges.

Key Takeaways from Digital Textile Printing Market Study

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Growing Inclination towards Digital Textile Printing Designs Creating Opportunities for Designers

Earlier, unique and eye-catchy designs were only used for high fashion clothing that was exposed on the stages on foremost fashion weeks across the globe. But over the last few years, more and more high-fashion brands such as H&M and Zara are joining unique and more outbound designs in their pools.

By using digital textile printing techniques, people want to buy these exclusive pieces of clothing, and big high-fashion brands are skillfully reacting to those demands. This new request for uniqueness is a fruitful opportunity for digital textile designers.

Conventional printing methods can limit designers to create unique high-quality designs. Digital textile printing helps designers expand their creativity and gives them the right tools to create futuristic designs.

Signage Market Opening New Doors for Digital Textile Printing Manufacturers

Sign and display printers demand reliable, efficient, and low-cost products. Healthy demand for signs and displays is reinforcing steady market growth for digital textile printing. Outdoor, indoor, wall décor, and event décor are some the fastest-growing segments in the signage market that are using digital textile printing techniques. The aim is to increase sales in response to the rising number of short-run digital print jobs for events, team uniforms, corporate clothing, and others.

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Digital Textile Printing Industry Report Scope

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NCR Printers Market: According to the latest report published by Future Market Insights, demand for NCR Printing Machines is anticipated to grow at 7%-7.7% CAGR between 2021 and 2031, high demand for high-speed printing devices and solutions among major end-users is expected to fuel the demand for NCR printers. Sales of NCR printers is expected to reach millions of units over the forecasted decade.

Large Character Printers Market: According to the future growth projections the global large character printers market is anticipated to register growth at 6%-6.5% CAGR over the forecasted period between 2021 and 2031.

NCR Laser Paper Market: The global NCR laser paper market is anticipated to exhibit growth at 6%-6.5% CAGR between 2021 and 2031, Along with that, the sales of NCR laser paper is estimated to reach millions of tons, over the forecasted decade.

Straw Papers Market: Newly released data from straw papers market analysis shows that global market demand for straw papers is estimated to register a CAGR of ~5.7% during the forecasted period and reach thousands of tonnes by 2031.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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