Transforming Textile Printing, a recent study completed by InfoTrends, suggests that with the new demand and the introduction of super high-speed digital printing systems, fabrics printing is doomed to prosper by 30.7%.
This study explores the textile market supply chain, sizes and forecasts the digital textile printing market, and focuses on the demand drivers for digital textile production. InfoTrends conducted 67 interviews with digital textiles buyers, digital textile print service providers, and suppliers to the digital textile printing industry, primarily in China, India, the United States, and Italy, with a mix from some other European countries.
The global textile industry is worth approximately $1 trillion. InfoTrends estimates that the digitally printed textile garments, décor items, and industrial products are valued at $10.3 billion in 2012, or less than 1.5% of the total market.
But the small digital textile printing market 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%. According to InfoTrends, some key trends leading this growth include risk mitigation from the retailer and brand community, the emergence of high quality and high speed inkjet print heads, the availability of moderately priced solutions that enable new market entrants, and open system inkjet print heads.