Smithers Pira predicts double digit growth for digital textile print by 2021

According to the latest exclusive market data from Smithers Pira a double digit growth across 2016-2021 is making digital textile printing one of the most exciting market opportunity in the print and textile supply sectors. The 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 for 2016-2021. This will see the market more than double in value over five years, reaching €2.42 billion in 2021. The exclusive analysis of Smithers Pira tracks how this will drive an even more rapid increase in the volume of fabric printed with inkjet equipment – from 870 million m² in 2016 to 1.95 billion m² in 2021 – a 17.5 percent CAGR. This is buttressed by data on and analysis of rising global ink consumption and pricings, and a comprehensive survey of the state-of-the-art in textile printing equipment.