Digital Textile Printing Inks Market Analysis | 2024-2029

Market Insights

"The digital textile printing inks market was estimated at USD 0.80 billion in 2023 and is likely to grow at a CAGR of 17.55% during 2024-2029 to reach USD 2.11 billion in 2029".

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Market Dynamics

Introduction

Textile is one of the oldest industries in the world and has undergone a remarkable change over the eons in which digital printing technology, a very young technology, has a disruptive journey. Among different processes, screen printing has always been the choice of the process in the textile industry; however, digital printing has efficaciously been catching the world’s attention.

Market Drivers

It is estimated that roughly 2% of the total printed textiles are manufactured digitally, mainly on polyester fabrics using dye sublimation. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the textile industry; an increasing demand for rapid customization to create beautiful, unique clothing or household products; an increasing penetration of digital textile printing from the prototype development to wide adoption in the printing of garment, home decor, and technical textiles; and excellent performance of digital printing, such as ease of image modifications, are some of the major factors that are proliferating the growth of the digital textile printing inks market.

Ink manufacturers are well aware of this excellent future growth and have eagerly been working for the development of innovative, game-changing inks addressing the current as well as emergent market requirements. Excellent adhesion to a wide range of fabrics, wet rub resistance, and the elimination of the need for any post-treatment process are some of the focused areas of innovations of the key players.

Segment Analysis

By Type

"The sublimation segment is expected to remain the growth engine of the market during the forecast period".

• The digital textile printing inks market is segmented based on the type as Reactive, Acid, Direct Disperse, Sublimation, Pigment, and Others.
• The sublimation segment is expected to remain the growth engine of the market during the forecast period. An increased usage of polyester fabric for digital printing for meeting the requirement of rapid customization from household and industrial sectors is the major factor that has led to the dominance of sublimation ink in the market. The pigment-based ink segment is likely to witness the highest growth during the same period, driven by its excellent archival print life and color stability.

By Substrate Type

"The polyester segment is expected to remain the most dominant segment in the market during the forecast period".

• The market is segmented as Cotton, Silk, Polyester, and Others.
• The polyester segment is expected to remain the most dominant segment in the market during the forecast period. Extensive usage of polyester fabrics in industrial and household segments is primarily driving the demand for digital printing inks in the polyester fabrics segment.

By Application Type

"The industrial segment is expected to remain the dominant segment of the market during the forecast period".

• The market is also segmented based on the application industry or sectors into Garments, Decor, Industrial, and Others.
• The industrial segment is expected to remain the dominant segment of the market during the forecast period, driven by an increasing use of digital textile printing inks for advertisement. The garment is another segment that is likely to offer sizeable growth opportunities over the next five years as well.

Regional Analysis

"Europe is expected to remain the largest digital textile printing inks market during the forecast period".

• The region is also likely to experience healthy growth during the same period. The early adoption of digital textile printing technology and the presence of a large number of clothing brands are driving the demand for digital textile printing inks in the European market.

"Asia-Pacific and North America are the other two major markets and are likely to generate a healthy demand for digital texting printing inks in the foreseeable future".

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Key Players

The supply chain of this market comprises of raw material suppliers, distributors, digital textile printing ink manufacturers, and end users.

The key manufacturers of digital textile printing inks are-

• DowDuPont, Inc.
• Huntsman Corporation
• Sensient Technologies
• Dover Corporation
• Dystar Group
• BASF SE
• Kornit Digital.

Merger & acquisition, new product development, and formation of strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report, from Stratview Research, studies the digital textile printing inks market over the trend period and forecast period. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s digital textile printing inks market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Regional Segmentation

• The current market size of the digital textile printing inks market in any of the North American countries by type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.