September 22, 2023 05:18 ET | Source: Research and Markets Research and Markets
Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The "Digital Textile Printing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The global digital textile printing market size reached US$ 2.5 Billion in 2022. Looking forward, the market is set to reach US$ 4.0 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028. At present, digital textile printing is commercially available in varying types, such as multi-pass direct-to-textile and single-pass textile printers. The increasing demand for printing textiles and fabric materials across several industry verticals has prompted manufacturers to switch to digital printing technology on account of their minimal operational costs and easy installation. This, in turn, represents as a prime factor driving digital textile printing market growth. Cotton Liberty
In line with this, rapid technological advancements and the establishment of advanced printing solutions that rely on ultraviolet (UV) and eco solvents for publishing operations are acting as other growth-inducing factors.
Moreover, the extensive utilization of digital textile printing in the clothing, automobiles, e-commerce, soft-signage, media and advertisements applications for producing promotional wears, banners, flags, labels, and aesthetically appealing product packaging is propelling the market growth.
Along with this, it is further deployed for printing various electronic devices, such as circuit boards, solar cells, and periodic lateralized epileptiform discharge (PLED), which is supporting the market growth.
Other factors, such as strategic collaborations amongst the top players and the extensive research and development (R&D) activities for introducing three-dimensional (3D) digital textile printing solutions, are creating a positive outlook for the market.
Key Questions Answered in This Report:
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation: Breakup by Printing Method:
For more information about this report visit https://www.researchandmarkets.com/r/4civmt
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