Digital Textile Market to Reach US$8 Billion by 2029, says FMI Report

Updated: Apr 6

By Apparel Resources

This article was published in Apparel Resources March 4, 2022.

The global digital textile printing market is projected to clock a CAGR of 16.30 percent over 2022-2029, as suggested by a new Future Market Insights (FMI) report.

Currently, the market size of digital textile values US $ 2.70 billion, which is expected to reach US $ 8 billion by 2029, as per the report.

Of total value, the share of Direct-to-Fabric (DTF) printing is estimated at 54 per cent. DTF segment is experiencing unmatchable demand in the global digital textile printing market and it is expected to expand at an impressive CAGR of 17.50 per cent during the forecast period.

This market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico and India, and technological advancements that have taken place over time.

In light of the measurable impact of the COVID-19 pandemic on the printing industry, FMI projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand.

Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic.

In terms of market growth, North America and East Asia are estimated to witness commendable growth in the global digital textile printing market, FMI predicts.

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