DUBLIN--(BUSINESS WIRE)--The "Digital
Textile Printing Market - Global Outlook and Forecast 2018-2023"
report has been added to ResearchAndMarkets.com's
The global digital textile printing market is projected to reach revenues of around $53 billion by 2023 and is estimated to grow at a CAGR of over 17% during the forecast period.
The new emerging trend of functionalizing of textiles will transform the global digital textile printing market. The industry is witnessing the advancement of materials due to rapidly changing trends, technology breakthroughs, and expansion of applications. The extensive use of digital printers is resulting in the development of functionalizing textile in the global market.
The introduction of functionalizing textiles used in swimming can resist frequent contact chlorine and water and exposure to sun by enhancing its color fastness.
Some of the popular functionalizing textiles introduced in the global market include flame retardants, color change monitoring properties, uv-rays absorption, infrared rays absorption, germicide properties, dirt repellent properties, optical whitening agents, wrinkle resistance, and controlled release of encapsulated substance such as drugs.
Additionally, the introduction of eco-friendly inkjet technology will result in the evolution of the global market over the next few years.
Market Growth Enablers
- Evolution of See-now, Buy-now, and Fast Fashion Strategies
- Personalization Opportunities for Masses
- Limitless Creative Possibilities
- Sustainability, a Standard with Digital Printing
- Higher ROIs from Digital Printing
Market Growth Restraints
- High Costs
- Unavailability of Universally Applicable Inks
- Gap in Education
- Quality Control Issues
Market Opportunities & Trends
- OEMs Gearing for Growth
- Proliferation of Advanced Inks
- Growth in Single Pass Technology Installations
- High Innovation in Speeds
- Functionalizing of Textiles
Major Vendors in the Digital Textile Printing Market
- Seiko Epson
- Kornit Digital
- Mimaki Engineering
Prominent Players in the Digital Textile Printing Market
- Durst Phototechnik
- Dystar Group
- Huntsman International
- Konica Minolta
- MS Printing Solutions
- Sawgrass Technologies
- Sensient Technologies
- Sun Chemical Corporation
- Shanghai INKWIN Inkjet Technology
For more information about this report visit https://www.researchandmarkets.com/research/v7xhzc/53_billion?w=4