Smithers Pira predicts textile printing to gain 17.5 percent annual growth

Digital textile printing, according to Smithers Pira, in the period 2016-2021 will be hitting a 17.5 percent annual growth, making the sector one of the promising domains. The research report titled ‘The Future of Digital Textile Printing to 2021’ values this global market at €1.17 billion in 2016 with growth forecast at an annual average of 12.3 percent. This will see the market more than double in value over five years, reaching €2.42 billion in 2021. Smithers Pira’s exclusive analysis tracks how this will drive an even more rapid increase in the volume of fabric printed with inkjet printing technologies.

In 2016 for textiles the market share for digital processes is 2.8 percent of overall volume. But digital’s share is set to boom in a segment where the mean growth is just 3 percent. As this develops, major print companies are increasingly taking an interest in the textile segment, fostering the development of new business models, printheads, inks, media, and high throughput machinery.