Dublin, March 17, 2022 (GLOBE NEWSWIRE) -- The "Textile Printing - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Textile Printing Market to Reach 28.2 Billion Square Meters by 2026
The global market for Textile Printing estimated at 22 Billion Square Meters in the year 2020, is projected to reach a revised size of 28.2 Billion Square Meters by 2026, growing at a CAGR of 4.3% over the period analysis period. Screen Printing, one of the segments analyzed in the report, is projected to grow at a 2.8% CAGR to reach 24.6 Billion Square Meters by the end of the analysis period.
Driven by rising disposable incomes, consumers especially in fast-growing developing economies are gaining the ability to afford fabrics with attractive designs and designer wear. Market growth is also being favored by the rising preference for artistic fabrics among customers. Sustainability, shorter run lengths, online collaboration, demand for textiles with vibrant colors, and changes in printing partner ecosystem are some of the trends that are likely to emerge post COVID-19 crisis.
Renewed emphasis on eco-friendly procedures and toxic-free ingredients would emerge as a major trend in the textile printing ecosystem. The new sustainability awareness can potentially trigger the switch from traditional textile printing to digital textile printing, as digital approach is more sustainable and more viable in the long-run. Besides digital printing, shorter run lengths also influence the demand for high quality rotary screens, which still represent the most economical textile printing method.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Digital Printing segment is readjusted to a revised 16.5% CAGR for the next 7-year period. This segment currently accounts for a 7.8% share of the global Textile Printing market.
The market for traditional textile screen printing, which is a labor-intensive technique, has witnessed growth led by steady population growth, rising consumer spending of people across the world, and rapidly changing fashion trends. However, with the emergence of digital textile printing and its fast adoption in the global market, the conventional screen printing method is facing stiff competition.
Growth in Digital Printing segment will be driven by digital printing technology`s ability to address technical limitations that are encountered in conventional printing applications, and its use in small-volume productions involving varied designs, which proves to be inefficient in the case of traditional printing.
The U.S. Market is Estimated at 1.5 Billion Square Meters in 2021, While China is to Reach 8.5 Billion Square Meters by 2026
The Textile Printing market in the U.S. is estimated at 1.5 Billion Square Meters in the year 2021. The country currently accounts for a 6.62% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of 8.5 Billion Square Meters in the year 2026 trailing a CAGR of 5.2% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR while Rest of European market (as defined in the study) will reach 9 Billion Square Meters by the end of the analysis period.
During the COVID-19 crisis period, several European companies have relocated their contracts from China, Pakistan and other eastern regions to locations closer to or within Europe such as Morocco, Turkey, Spain and Portugal. The trend is expected to continue in the post crisis period and the US companies are also likely to follow the same path and prefer non-Chinese partners, especially those based out of Mexico, Japan or Europe due to ongoing trade war and uncertain tariff scenario.
Efforts to promote eco-friendly techniques for textile printing in developing economies, especially in China and India, are driving digital textile printing in these economies.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Textile Sector Remains Adversely Impacted
- As Fashion Sector Slips on COVID-19 Ramp, More Challenges Ahead for Textiles Printing Industry
- COVID-19 Unwinds & Accelerates Disruptive Changes within Textile Printing Industry
- Digital Textile Printing Takes Wing in the Crisis Moment
- Accelerated Shift toward On-Demand Printing
- Water-based to Waterless Dyes
- Textile Printing: A Prelude
- Digital Textile Printing Vs Conventional Screen Printing
- Comparison of Different Parameters for Conventional and Digital Printing
- Outlook
- Rise in Adoption of Digital Printing
- Advantages of Digital Textile Printing
- Screen Printing: What Does the Future Hold?
- Asia-Pacific Spearheads Growth in Digital Textile Printing Market
- Factors Hampering Growth
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS (Total 126 Featured)
- aeoon Technologies GmbH
- AM Printex Solutions
- ATPColor Srl
- Bordeaux Digital PrintInk Ltd.
- Dazian LLC
- Durst Phototechnik SPA
- Fisher Textiles, Inc.
- Glen Raven, Inc.
- Hollanders Printing Systems B.V.
- Huntsman International LLC
- JV Digital Printing
- Mehler Texnologies GmbH
3. MARKET TRENDS & DRIVERS
- Trends Influencing the Textile Printing Market
- Textile Printing Industry Strives to become more Sustainable
- Digital Printing Offers Short, Sustainable Production Runs
- High Resource Efficiency
- Eco-Friendly Printing Inks
- Reactive Inks for Digital Textile Printing: Exciting Opportunities
- Suitability of Reactive Inks for Digital Textile Printing
- 3D Software and Digital Textile Printing Innovations Revolutionize Fashion Sampling
- 3D and 4D Printing: Harbingers of New Design Trends
- Recent Notable Digital Textile Printing Innovations
- Technological Advancements Encourage Traditional Textile Manufacturers to Adopt Digital Textile Printing
- Select Recent Product Developments
- Demand Grows Significantly for On-Demand Digital Printing Platform
- Room for More Innovation in Digital Textile Printing Technologies
- High Speed Systems Transform Digital Printing Market
- Fashion Industry Stimulates Adoption of Wide Format Textile Printers
- Inkjet Textile Printing Market and Growth Opportunities
- Digital Textile Printing in Home Textiles Market Expands Opportunities
- Soft Signage: High-Growth Segment in Digital Textile Printing Market
- Furniture Market Offers Strong Growth Potential for Digital Printing
- Digital Printing, Artificial Intelligence and Personalized Clothing
- Dye Sublimation Printing: Ideal for Soft Signage & Home Decor
- Millennials: A Strong Influencing Demographic
- E-Commerce Emerge as New Growth Driver
- Through-Print Textile Printing : A Challenge for Digital Printers
- Textile Printing and Ad Campaigns Drive Demand for Large Format Printers
- Polyester: The Fabric of Choice for Digital Printing
- Popularity of Fabrics Used in Various Markets
- Assessing the Pros & Cons of DTF Printing & DTG Printing
- Ink Chemistries Holds Key in Textile Printing Growth
- Chemistry Requirements Encourage Development of Specialized Processing Equipment
- Shift towards Eco-Friendly Inks
- Green Printing Practices in Textile Printing
- Expanding Clothing & Textile Needs of Ballooning World Population to Drive Demand
- Rapid Pace of Urbanization to Drive Demand for Textile Materials
- Rising Affluence of Middle Class Consumer Segment
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/iegy2k
