Global digital textile printing market to reach $2,631.4 mn in 2023

Digital textile printing helps in embellishing and contributing to the style of garment. In synchronization with the rapid technological changes, the textile industry is, in turn, making a rapid shift toward digital prints rather than dyed fabrics. In this respect, according to market research report, the global digital textile printing was valued at $2,041.50 million in 2018, and it is expected to reach $2,631.4 million in 2023, growing at CAGR of 12.8 percent during the forecast period of 2019-2023. The market has witnessed significant growth opportunities globally, owing to an increase in demand for printed textiles, growth in demand for advanced technologies and better quality products.

Furthermore, across the world, rise in per capita disposable income, overall economic growth, increase in population, rapid change in fashion trends, rise in purchasing capability, and an upsurge in the concept of advertising through printed garments are further anticipated to boost the market growth during the forecast period. Moreover, a rise in demand for apparel, clothing, home furnishings, and automotive décor is further expected to boost market growth. The global digital textile printing market report exclusively focuses on its different inks types, substrates, applications and regions. The regions considered in the report include North America, Europe, Asia-Pacific and LAMEA.