InfoTrends has just completed a new study examining the digital textile printing segment. The study, called Transforming Textile Printing, explores the textile market supply chain, sizes and forecasts the digital textile printing market, and focuses on the demand drivers for digital textile production. The potential for digital printing to influence the printed textile market has long been promised, yet only now, with the new dynamics on the demand generation side and the introduction of super high-speed digital printing systems with open ink configurations are fabrics printing companies able to meet new customer demands.
The global textile industry is worth approximately US$1 trillion. Of that, InfoTrends estimates that the value of digitally printed textile garments, décor items, and industrial products is valued at US$10.3 billion in 2012, or less than 1.5 percent of the total market. Although the digital textile printing market is small in comparison to the entire textile industry, it is growing rapidly. InfoTrends estimates that revenues from digital textile equipment and ink sales will grow at a compound annual growth rate (CAGR) of 30.7 percent.
