According to a new market research report published by Acute Market Reports, The digital textile printing market is set to grow by 16.0 per cent over the forecast period, up from US$ 1.70 billion in 2018.
The global market for digital textile printing is driven by increasing investment in the education technology sector. The growth of the market is driven by a growing demand for sustainable printing across the globe. Over the last five years, there has been a significant shift in the printing industry towards a more environmentally friendly process. This encourages the adoption of digital printing that enables organizations to adopt renewable resources while improving print accuracy and reducing waste and emissions.
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In addition, the increasing concern among organizations about environmental health and the reduction of carbon footprint increases the demand for digital printing solutions among the textile industry. In addition, the growing need to improve operational efficiency across the board, along with the increasing adoption of cloud computing, is accelerating market growth.
The textile and decoration industry is one of the most prominent end-user markets. The growth of the market is driven by a growing trend in personalized products. As competition among market players is increasing and customers are becoming more and more demanding, the textile industry is moving towards a digital solution that reduces production time and provides a tailor-made solution for customers to gain customer loyalty.
Asia Pacific is projected to grow significantly in the CAGR by more than 19 per cent during the forecast period. The growth of the market is driven by the increasing adoption of digital technologies across the industry. Companies are moving towards digital solutions in order to gain an advantage over competitors and gain market share. Moreover, growing industrialization in the emerging economies of the region is driving market growth.
Key vendors in the digital textile printing market are Colorjet, Atexco, Dover Corporation, Agfa Graphics, D.Gen, Electronics for Imaging, Durst Phototechnik, Konica Minolta, Hollanders Printing Systems, Mimaki Engineering, Homer, Ricoh, Roland, Seiko Epson, and Kornit Digital.
You can get the sample copy of this research by Acute Market Reports here: https://www.acutemarketreports.com/sample-request/59886