Digital textile printing market to reach $7.55 billion by 2030: market reports

According to Mordor Intelligence, which provides the best in-depth & high-quality market research reports to businesses of all sizes globally, the digital textile printing market reached more than $3.1 billion in sales in 2023, and is heading to $5.7 billion in 2028, at a rate of 12.84 percent. Grand View Research, yet another research firm, places the market at $2.95 billion in 2023, reaching $7.55 billion by 2030, at a CAGR of 14.4 percent. That’s still a small portion of the overall textile printing market; Grand View Research put that market at $146.5 billion in 2018, growing at a CAGR of 8.9 percent. That leaves plenty of room for growth.

The ink market is also expanding. According to Allied Market Research estimated the digital textile ink market at $1.1 billion in 2019, growing at 11.6 percent to $2.665 billion by 2027. Digital textile ink manufacturers believe the future is bright. Kornit Digital Americas, reported that according to analyst estimates, the global digital textile printing market is expected to expand at a CAGR of 14.4 percent from 2023 to 2030, and others predict similar growth. François Aguilar, chief commercial officer for Kao Chimigraf, said the digital textile printing market is growing at a rate of 15-20 percent per year. In this, EPSON America also observed that the digital textile printing market is continuing to grow.