Digital Textile Printing Market Size, Share, Growth Analysis, By Textile(Cotton, Silk, Polyester, Others), By Printing Process(Direct to Fabric, Direct to Garment), By Ink Type(Sublimation, Pigment, Reactive, Others), By Operation(Single Pass, Multi-Pass), By Application(Clothing/Apparel, Home Décor, Others), By Region - Industry Forecast 2024-2031

Digital Textile Printing market was valued at USD 2.62 billion in 2022 and is poised to grow from USD 3.11 billion in 2023 to USD 9.18 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

The global digital textile printing market is characterized by the presence of several established players and a growing number of new entrants. The market is highly fragmented, with numerous companies competing for market share. These companies are continuously focusing on research and development activities, strategic partnerships, and mergers and acquisitions to strengthen their position in the market and gain a competitive edge. The competitive landscape of the global digital textile printing market is dynamic, with companies vying for market dominance through technological advancements, product differentiation, and effective marketing strategies. The market is expected to witness intense competition and continued innovation as the demand for digital textile printing continues to grow. 'Hewlett-Packard Development Company, L.P. (US)', 'Seiko Epson Corporation (Japan)', 'Kornit Digital Ltd. (Israel)', 'MIMAKI ENGINEERING CO., LTD. (Japan)', 'Roland DG Corporation (Japan)', 'Konica Minolta, Inc. (Japan)', 'MS Printing Solutions S.r.l. (Italy)', 'SPGPrints B.V. (Netherlands)', 'Aleph S.r.l. (Italy)', 'DuPont de Nemours, Inc. (US)', 'Brother Industries, Ltd. (Japan)', 'Agfa-Gevaert Group (Belgium)', 'Sensient Technologies Corporation (US)', 'Electronics for Imaging, Inc. (US)', 'd.gen Inc. (South Korea)', 'Xerox Corporation (US)', 'Ricoh Company, Ltd. (Japan)', 'Dystar Singapore Pte Ltd. (Singapore)', 'Huntsman International LLC (US)', 'Caldera Graphics SAS (France)'

With increasing environmental concerns, there was a rising demand for sustainable printing practices in the textile industry. Digital textile printing, compared to traditional printing methods, offers advantages such as reduced water consumption, minimal wastage, and the use of eco-friendly inks. This drives the adoption of digital printing technologies by manufacturers and brands committed to sustainability.

Increasing demand for specialized and niche testing services: With the growing complexity of drug molecules and the need for precise analysis, there was a rising demand for specialized and niche bioanalytical testing services. Pharmaceutical and biotechnology companies sought expertise in areas such as immunogenicity testing, biomarker analysis, genomics, and metabolomics. This trend drove the expansion of testing service providers offering comprehensive and advanced testing solutions.

Asia-Pacific is expected to be the fastest-growing segment in the global digital textile printing market, primarily due to the presence of numerous textile hubs in the region. China and India play a vital role in driving the regional market's growth. China, being one of the largest exporters of garments and textiles globally, exhibits a significant demand for textile printers. Countries like Bangladesh, Vietnam, and Japan have also emerged as prominent hubs for textile printing, driven by the growth of their respective textile industries.