Digital textile printing ink is referred to the ink that is tailored for clothing, garment, textile, household, and display applications. Digitally printed garments have characteristics such as durability, high color, and superior image quality. Moreover, digitally printed garments are witnessing increased popularity in India, owing to rise in advertisement activities of customized garments such as t-shirts on social media platforms, which fuels the adoption of digital textile inks in garment application. The demand for luxurious home textile products is increasing in emerging economies of Asia-Pacific, which, in turn, is anticipated to augment the need for digital textile inks.
The global digital textile printing inks market is segmented into ink type, application, and region. Depending on type, the market is classified into reactive, acid, direct disperse, sublimation, and pigment. By application, it is fragmented into clothing/garments, household, technical textiles, and display & others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the market from 2020 to 2027 determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- The market size is provided in terms of volume and revenue.
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Profiles of leading players operating in the market are provided to understand the competitivescenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Ink Type
- Reactive
- Acid
- Direct Disperse
- Sublimation
- Pigment
By Application
- Clothing/Garments
- Household
- Technical Textiles
- Display & Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Indonesia
- Thailand
- Australia
- Rest of APAC
- LAMEA
- Brazil
- Turkey
- Iran
- Rest of LAMEA
KEY MARKET PLAYERS
- 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.
- Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital)
The other players in the value chain include AM Printex, Digitex India Inc., APV Engineered Coatings, Eastern Marking Machine Corp., T&K Toka Corporation, and Leibinger Group.
What is the estimated value of the Global Digital Textile Printing Inks Market?
What is the growth rate of the Global Digital Textile Printing Inks Market?
What is the forecasted size of the Global Digital Textile Printing Inks Market?
Who are the key companies in the Global Digital Textile Printing Inks Market?
Report Attribute | Details |
---|---|
No. of Pages | 306 |
Published | April 2020 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 1112 million |
Forecasted Market Value ( USD | $ 2665.7 million |
Compound Annual Growth Rate | 11.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to the report titled, 'Digital Textile Printing Inks Market by Ink Type and Application: Opportunity Analysis and Industry Forecast, 2020-2027', the digital textile printing inks market was valued at $1,112.0 million in 2019, and is projected to reach $2,665.7 million by 2027, growing at a CAGR of 11.6% from 2020 to 2027. Digital textile printing ink is referred to the ink that enables colors, images, or text to be electronically printed onto fabrics such as polyester, cotton, and silk.The apparel industry is undergoing significant transformation owing to changes in lifestyle and surge in penetration of internet along with rise in number of netizens. The manufacturing technology, management of apparel business, and fashion trends are changing at a rapid pace, owing to shift in preference toward digital textile printing technology from the traditional printing technology, even in developing nations. This is attributed to rapidly changing fashion trends based on culture, beliefs, and geographical locations. Thus, surge in technological developments, introduction of newer & cost-effective methods of digital textile printing, and high demand for printed fabrics, especially in developing countries of Asia-Pacific and LAMEA, are expected to augment the digital textile printing inks market growth during the forecast period.
The global digital textile printing inks market is segmented into ink type, application, and region. Depending on type, the market is categorized into reactive, acid, direct disperse, sublimation, and pigment. Various applications of digital textile printing inks studied in the market 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 the main regions mentioned above.
The analysis covers in-depth information of the major industry participants. The key players operating and profiled in the global digital textile printing inks 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 global 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.
Key Findings Of The Study
The digital textile printing inks market is analyzed from 2019 to 2027
Depending on the ink type, the pigment segment is projected to grow at the highest CAGR of nearly 14.7%, in terms of revenue, during the forecast period
Region wise, North America is expected to register the highest CAGR of nearly 11.9%, in terms of revenue, in the coming future
By application, the household segment is estimated to exhibit the highest CAGR of 12.9%, in terms of revenue
Europe dominated the digital textile printing inks market with a share of over 45.7% in 2019, in terms of volume
A comprehensive analysis of the factors that drive and restrain the market growth is provided in the report
The qualitative data in this report aims at the market dynamics, trends, and developments in the industry
The digital textile printing inks market size in provided in terms of volume and revenue
Companies Mentioned
- 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.
- Zhejiang Lanyu Digital Technology Co. Ltd. (Lanyu Digital
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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