Global Digital Textile Printing Market (2020 to 2027) - by Ink Type Substrate and Application - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Digital Textile Printing Market by Ink Type Substrate and Application: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

The global digital textile printing inks market was valued at $1,112.0 million in 2019, and is projected to reach $2,665.7 million by 2027, growing at a CAGR of 11.6% from 2020 to 2027.

Digital textile printing ink is referred to as the ink that is tailored for clothing, garment, textile, household, and display applications. Digitally printed garments have characteristics such as durability, high color, and superior image quality. Moreover, digitally printed garments are witnessing increased popularity in India, owing to a rise in advertisement activities of customized garments such as t-shirts on social media platforms, which fuels the adoption of digital textile inks in garment application. The demand for luxurious home textile products is increasing in emerging economies of Asia-Pacific, which, in turn, is anticipated to augment the need for digital textile inks.

The global digital textile printing inks market is segmented into ink type, application, and region. Depending on the type, the market is classified into reactive, acid, direct disperse, sublimation, and pigment. By application, it is fragmented into clothing/garments, household, technical textiles, and display & others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027 determine the prevailing opportunities.
• A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
• The market size is provided in terms of volume and revenue.
• Porter's five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• Profiles of leading players operating in the market are provided to understand the competitive scenario.
• The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.

Key Findings

• China is projected to grow at the highest CAGR of approximately 22.29%, in terms of revenue, during the forecast period.
• By application, the household segment is anticipated to grow with CAGR 20.7%, in terms of revenue, during the forecast period.
• Italy dominated the market with highest revenue share in 2019.

Market Dynamics

Drivers

• Surge in Demand for 3D Printing Technologies
• Advancements in Printing Methods
• Change in Fashion Trends

Restraints

• High Cost of Equipment and Raw Materials
• Harmful Environmental Impact of Digital Textile Printing

Opportunity

• Rise in Demand from Emerging Economies

Companies Mentioned

• Huntsman Corporation
• Ags Transact Technologies Limited
• Am Printex Solutions
• China Dyeing Holdings Ltd.
• Hollander B.V
• DazianLlc
• Dickson Coatings
• Digitex India Inc.
• Fisher Textilesinc.
• Mehler Texnologies GmbH

For more information about this report visit https://www.researchandmarkets.com/r/x3ygyj