The global market for digital textile printing is projected to reach a revised US $ 3 billion by the year 2027.
A report “The Digital Textile Printing – Global Market Trajectory & Analytics” by ResearchAndMarkets.com claims this.
The report also says that there was erosion of US $ 230 million in digital textile printing’s market value in the year 2020.
The global digital textile printing market was valued at US $ 1.6 billion in 2018.
Based on detailed analysis of digital printing industry and its stakeholders like digital printer manufacturing companies and core markets of this product category, the report says that after the Covid phase the versatile benefits of digital textile printing over conventional printing methods will help bring back growth opportunities.
Digital printing offers a number of benefits over traditional printing such as efficient set-up as well as speed, cost-effectiveness, shorter lead times, improved design aesthetics, customisation options, workflow efficiencies, cost reduction and flexibility.
As brands and retailers across the globe continue to ask for smaller orders, more close to the season, there is enough growth scope for value addition segments like digital printing.
In India, along with Delhi-NCR, Surat is also one of the leading hubs for digital textile printing.