Digital Textile Printing Market will Record Rapid Growth, Emerging Trend, Industry Analysis till 2028 – Yahoo Finance

Digital Textile Printing market include: Mimaki (Nagano, Japan),Kornit (Rosh Haayin, Israel),SPGPrints (Boxmeer, Netherlands),Konica Minolta (Tokyo, Japan),Atexco (Paris, France),Dover Corporation (MS Printing Solutions Srl) (Illinois, U.S.),MS Printing (Pertusella VA, Italy),Robustelli (Connecticut, U.S.),Kaiyuan (Gaoxin District Xi'an, China),SPG Prints B.V. (Boxmeer, Netherlands)
Pune, India, Jan. 05, 2022 (GLOBE NEWSWIRE) — The global digital textile printing market size is estimated to reach USD 311.7 million by 2028 and exhibit a CAGR of 10.1% during the forecast period. The growing consumer awareness for trending apparel fashion and clothing is anticipated to be the key factor driving the growth of the market. Fortune Business Insights™ has presented this information in its report titled, “Digital Textile Printing Market, 2021-2028”. The market stood at USD 147.4 million in 2020 and is expected to reach USD 159.1 million in 2021.
The growing need for printed fabric materials and textiles has induced manufacturers to adopt digital printing technology for better and faster fabric printing. The development of compact, fast, and lightweight printers attracts more customers towards printed fabric clothing products. The development of advanced digital textile printings is likely to stimulate market growth in the upcoming years.
Key Players in the Digital Textile Printing Market:
Mimaki (Nagano, Japan)
Kornit (Rosh Haayin, Israel)
SPGPrints (Boxmeer, Netherlands)
Konica Minolta (Tokyo, Japan)
Atexco (Paris, France)
Dover Corporation (MS Printing Solutions Srl) (Illinois, U.S.)
MS Printing (Pertusella VA, Italy)
Robustelli (Connecticut, U.S.)
Kaiyuan (Gaoxin District Xi'an, China)
SPG Prints B.V. (Boxmeer, Netherlands)
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Report Scope & Segmentation:
Report Coverage
Details
Forecast Period
2021 to 2028
Forecast Period 2021 to 2028 CAGR
10.1%
2028 Value Projection
USD 311.7 Million
Base Year
2020
Market Size in 2020
USD 147.4 Million
Historical Data for
2017 to 2019
No. of Pages
120
Segments covered
By Operation, By Application and Geography
Growth Drivers
Vital Players Bolster their Market Positions Through New Product Launches
Asia Pacific to Gain the Largest Share due to Growing Needs for Printed Fabrics
Growing Consumer Awareness for Trending Fashion Apparel to Fuel Market Growth
Segmentation-
On the basis of operations, the market is bifurcated into multi pass and single pass. On the basis of application, the market is segmented into clothing and apparel, soft signage, home décor, and others. Geographically, the market is classified into five major regions- North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage-
The report provides a granular review of the prospected market.
The report highlights a methodical examination of vital players functioning across diverse geographies.
The report provides visions into the supervisory situations of the market.
The report is grounded on historical data and offers techniques and prospects for impending growth.
The report also accentuates the influence of the COVID-19 pandemic.
COVID-19 Impact-
The global pandemic has severely impacted the global economy and stagnated the growth of several industries and markets. This market has witnessed a negative impact of the coronavirus outbreak. The disruptions in the global supply chain networks due to the implementation of stringent lockdowns and curfews have affected the market's growth. Additionally, the consumer’s focus has shifted to essential expenditures, which has declined the demand for clothing and textile products. Nonetheless, the vaccine is now accessible to the masses, and the market is progressively recovering. The market is likely to perceive steep growth post the pandemic situation.
Click here to get the short-term and long-term impact of COVID-19 on this market.

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Competitive Landscape-
Vital Players Bolster their Market Positions Through New Product Launches
The crucial players in the market are fixated on strengthening their operations and logistical networks that were impacted by the coronavirus pandemic. They adopt various ingenious growth tactics such as collaborations, acquisitions, mergers, and others to garner growth and improve their market positions. The key players aim to diversify their product portfolios through new product launches and technological developments. For instance, in February 2020, Mimaki launched a hybrid digital textile printer called the Tx300P-1800 Mkll. The new printer is capable of performing transfer printing with interchangeable platens.
Regional Insights-
Asia Pacific to Gain the Largest Share due to Growing Needs for Printed Fabrics

Asia Pacific is anticipated to hold the largest portion in the global digital textile printing market share. India and China are expected to be the leading regions in the market. The ever-increasing population and the growing needs for printed fabrics are likely to bolster the growth of the market.
North America is expected to witness considerable growth due to the substantial imports of textiles.
Europe is projected to gain steep growth in the coming years due to the increasing use of digital printing in the soft signage segment. The market possesses significant untapped growth potential.
The surging urbanization and the expanding imports of textiles are anticipated to drive the growth in the Middle East and Africa.
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Drivers & Restraints-
Growing Consumer Awareness for Trending Fashion Apparel to Fuel Market Growth
Digital printing machines help businesses to improve profitability by reducing operational costs and enhancing print quality. Additionally, the automation of the process helps to cut down the human resource requirements at the facility. The overall cost advantage of digital printing machines is anticipated to bolster the global digital textile printing market growth. Additionally, the development of advanced digital printers by key manufacturers is likely to boost the growth of the market.
The growing consumer awareness for trending fashion apparel and clothing is expected to be the key factor driving the growth of the market. Moreover, the improving personal disposable income levels and living standards of consumers are anticipated to stimulate the market’s growth in the upcoming years. Digital printing solutions offer virtual printed models of fabrics, and users can get a glimpse of the finalized product before initiating the actual process. This helps the consumers choose the best-suited fabric texture and is likely to amplify the market's growth.
However, the high costs of employing digital printers are expected to hinder the market growth.
Major Table of content:
Introduction
Definition, By Segment
Research Methodology/Approach
Data Applications
Executive Summary
Market Dynamics
Macro and Micro Economic Indicators
Drivers, Restraints, Opportunities and Trends
Impact of COVID-19 on Digital Textile Printing Market
Short-term Impact
Long-term Impact
Competition Landscape
Business Strategies Adopted by Key Players
Consolidated SWOT Analysis of Key Players
Global Digital Textile Printing Market Share Analysis and Matrix, 2020
Key Market Insights and Strategic Recommendations
Profiles of Key Players (Would be provided for 10 players only)
6.1. Overview
Key Management
Headquarters etc.
Offerings/Business Segments
Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
Employee Size
Past and Current Revenue
Geographical Share
Business Segment Share
Recent Developments
Primary Interview Responses
Annexure / Appendix
TOC Continued…!
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