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Digital Textile Printing Ink Market Analysis by Type (Reactive, Acid, Direct Disperse, Sublimation, and Pigment); by Application (Fashion, Sportswear, Home Textiles, Soft Signage); and by Substrate (Synthetic Fiber, and Natural Fiber) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Sun Chemicals Group announced that its prices across the full spectrum of Sun Chemical's packaging, commercial sheetfed and screen inks, coatings, consumables, and adhesives in North America will increase, either immediately or as permitted by contracts.

  • Kornit Digital received the 2021 European Digital Press Association (EDP) Award for its XDi technology, which was made accessible in 2021 via the Kornit Atlas MAX system for roll-to-roll direct-to-fabric embellishment and the Kornit Presto MAX system for industrial direct-to-garment manufacturing on demand.

Global Digital Textile Printing Ink Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~13%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2033)

~ USD 4 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global digital textile printing ink market is estimated to garner a revenue of ~USD 4 billion by the end of 2033 by growing at a CAGR of ~13% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 1 billion in the year 2022. The industry is growing on the back of growing textile production along with the expanding clothing and apparel industry. For example, China has over 43900 textile-producing companies.

Digital-Textile-Printing-Ink-Market-Analysis Get more information on this report:Download Sample PDF

Digital textile printing is a method of printing on various substrates, such as cotton or nylon, to create visually appealing clothing items. The demand for personalized, custom-made clothing, and luxury home textiles is growing as consumers try to make their surroundings more comfortable is projected to propel the market growth for digital textile printing ink in the upcoming years.

Global Digital Textile Printing Ink Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Popularity of Personalized Products Among Youngsters – Young adults, especially generation Z, are willing to spend more money on personalized products. A lot of such products are created with the help of digital textile printing which is expected to boost the digital textile printing ink market in the forecasted period. Recent research suggests that about 1 in 4 people in the US above 18 admitted to having personalized a product before.

  • Growing Trend of Customized Clothinga staggering 44% of consumers, including 49% of women, are interested in or want to purchase custom-made apparel.

  • Increased Use of Promotional Wear and Soft Signagesit was found that distributors of promotional products in the United States generated yearly sales income of over 20 billion dollars in 2021.

  • Growing Demand for Luxury Home Textilessales in this sector are expected to grow by around 7% in 2022.

  • Particularly High Demand in the Asia-Pacific RegionChina is the largest exporter in the apparel industry, with a revenue of over USD 150 billion.

Challenges

  • Decrease in the Availability of Skilled Workforce – which needs to be tackled as the interaction of ink and textile involves many complexities.  The final appearance and quality of the print and color reproduction require certain pre-treatment and post-treatment, which demands skilled labor in these fields.

  • High Competition Among Major Market Players

  • Environmental Concerns Regarding Sustainable Practices

The global digital textile printing ink market is segmented and analyzed for demand and supply by application into its use in fashion, sportswear, home textiles, and soft signages. Out of these, the fashion segment is estimated to cater to the largest revenue by 2033 owing to an ever-increasing demand for fashionable, personalized clothing across the globe. Recent statistics show that every year, more than 2.1 billion t-shirts are sold.

Global Digital Textile Printing Ink Market Regional Synopsis

The Asia Pacific digital textile printing ink market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. Backed by the largest apparel exporters present in the region along with the growing production of textiles. The majority of the largest apparel exporters are based in the Asia Pacific region, with a total export size of 190 billion USD and above.

Digital-Textile-Printing-Ink-Market-Scope

Market Segmentation

Our in-depth analysis of the global digital textile printing ink market includes the following segments:

        By Type

  • Reactive
  • Acid
  • Direct Disperse
  • Sublimation
  • Pigment

        By Application

  • Fashion
  • Sportswear
  • Soft Signages
  • Home Textiles

        By Substrate

  • Natural Fiber
  • Synthetic Fiber

Top Featured Companies Dominating the Global Digital Textile Printing Ink Market

  • Sun Chemical Group Cooperatief U.A.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Kornit Digital Ltd.
  • Dover Corporation
  • BASF SE
  • DyStar Singapore Pte Ltd
  • Zhengzhou Hongsam Digital Science & Technology Co., Ltd.
  • Huntsman International LLC
  • Sawgrass Technologies Inc.
  • SPGPrints
  • Zhejiang Lanyu Digital Technology Co. Ltd

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