Digital Textile Printing Inks Market Research- 2027
The global digital textile printing inks market size was valued at $ 1,112.0 million in 2019, and is expected to reach $2,665.7 million by 2027, registering a CAGR of 11.6% from 2020 to 2027. Digital textile printing inks referred to the ink that is used in the printing process of textiles. This ink is tailored for garment, textile, household, and display applications.
The global digital textile market is anticipated to witness significant growth due to numerous factors such as rise in demand for 3D printing technologies and rapid development of printing methods. Moreover, fashion industries are experimenting with 3D-printed t-shirts, shoes, and dresses, which boost the demand for digital textile printing inks. Although the digital textile ink manufacturers are closely associated with apparel industry, where the outbreak of COVID-19 has negatively impacted thisindustry, which has led to the close down of stores, there by affecting the overall market. Furthermore, the value chain is disrupted due to lockdown, as apparel industry not only depends on the e-commerce platform but also on the physical stores. Moreover, one of the after pandemic effects is unemployment, which is anticipated to impact consumer spending, thus decreasing the demand for garments. This factor is anticipated to hamper the digital textile printing inks market growth.
The global digital textile printing inks market is segmented into ink type, application, and region. By ink type, the market is divided into reactive, acid, direct disperse, sublimation, and pigment. The applications covered in the study include clothing / garments, household, technical textiles, and display & others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Digital textile printing inks market share is analyzed across all main regions mentioned above.
The digital textile printing inks market analysis covers in-depth information of the major industry participants. Some of the major players in the market include BASF SE, Dover Corporation, The DyStar Group, Zhengzhou Hongsam Digital Science & Technology Co., Ltd., Huntsman Corporation, Kornit Digital Limited (Kornit), Sensient Technologies Corporation, Sawgrass Technologies, SPGPrints B.V., and Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital)
Other players in the value chain of the digital textile printing inks market include AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T & K Toka Corporation, and Leibinger Group.
The key players are adopting numerous strategies such as product launch, partnership, business expansion, acquisition, partnership, collaboration, agreement, and product development to stay competitive in the
digital textile printing inks market.
For instance, in January 2019, Color Solutions International (CSI), a subsidiary of DyStar Group, entered into a partnership with Datacolor. Datacolor is a one of the leaders in color management technology and CSI is a one of the leading providers of color standards and tools for textile industry. The key motive of this partnership was to use the Datacolor’s portable color measurement devices to identify and select colors from multiple colors. This partnership improved the textile color identification process with the use of color reader pro device or technology.
In addition, in December 2018, JK Group, part of Dover Digital Printing (Dover Corporation), launched a new series of digital textile ink named Digistar Bellagio. It has the capability to be printed directly on the cellulosic fibers and cotton garments, includes eight lines of different colors, and offers bright & vivid colors. This product launch strengthened the company’s product portfolio.
Digital Textile Printing Inks Market, by Ink Type
By ink type, the sublimation segment garnered largest market share in 2019.This is attributed to its diverse applications ranging from fashion to soft signage. Furthermore, sublimation ink is highly adopted in digital textile printing,owing to its eco-friendly characteristics such as minimum waste generation of dye,as it does not go through the liquid phase.
By Ink Type
Sublimation is projected as the most lucrative segment.
Digital Textile Printing Inks Market, by Application
On the basis of application, the household is anticipated to grow at fastest growth rate. This is attributed to increase in demand for luxurious household textile from countries such as UAE, China, and India. Moreover, increase in per capita disposable income of consumer’s boosts the growth for this segment.
By Application
Household is projected as the most lucrative segment.
Digital Textile Printing Inks Market, by Region
Region wise, Europe garnered highest market share in 2019, in term of volume as well as revenue, and is anticipated to maintain its dominance throughout the analysis period. This is attributed presence of key player’s and well-established textile and apparel industry in the region. In addition, Asia-Pacific has garnered second highest in the digital textile printing inks market in terms of volume as well as revenue owing to factors such as rise in the demand for household textiles and rising disposable incomes.
By Region
Europe holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the forecast along with the current and future market trends
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building
- The qualitative data in this report aims on market dynamics, digital textile printing inks market trends, and developments
- A comprehensive analysis of the factors that drive and restrain the market growth is provided
- The digital textile printing inks market size is provided in terms of revenue and volume
Digital Textile Printing Inks Market Report Highlights
| Aspects | Details |
 By Ink Type |
|
 By Application |
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 By Region |
|
 Key Market Players | BASF SE, SPGPrints B.V., Sensient Technologies Corporation, Zhejiang Lanyu Digital Technology Co. Ltd, Huntsman Corporation, Sawgrass Technologies, .DyStar Group, Dover Corporation, Kornit Digital Ltd., Zhengzhou Hongsam Digital Science & Technology Co., Ltd. |
Analyst Review
Increase has been witnessed in the demand for digital textile inks, owing to rise in demand for advertisements and corporate brandings such as flags, retail graphics, and banners. The household segment isexpected to witness significant growth throughout the forecast period, owing to rise in demand for luxurious household textile from the hospitality sector in countries such as UAE, France, and the UK. Customers requiring cost-effective textile printing solutions are inclined towarddigital textile printing inks due to their superior color output and sustainability.
Moreover, surge in demand for pigment-based digital textile printing inks in diverse applications is expected to accelerate the demand for digital textile printing inks. However, health hazards associated with the toxicity some of the inks and outbreak of COVID-19 are some of the key factors hindering the growth of the global market.
The market size of digital textile printing inks in terms of revenue is $1,112.0 million in 2019
Digital Textile Printing Inks Market is anticipated to grow at a CAGR of 11.6% in terms of revenue and 12.8% in terms of volume.
On the basis of ink type, pigment ink is leading segment in the digital textile printing inks market.
Key factors driving the digital textile printing inks market growth are rise in the demand for printed garments such as T-shirts from young population of developing regions such as Asia-Pacific, rapid technology advancements in the printing technology, and others.
BASF SE, Dover Corporation, The DyStar Group, Zhengzhou Hongsam Digital Science & Technology Co., Ltd., Huntsman Corporation, and Kornit Digital Limited (Kornit) are some of the leading players in the digital textile printing inks market
Apparel industry shifting from traditional printing technology to latest digital printing technology to cope up with rapid change in the style across world is one of the key market trends boosting the digital textile printing inks market.
Europe region has garnered significant share in terms of volume and revenue this is attributed to the numerous factors such as presence of key players, as well as established apparel and textile industry, and others.
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