InfoTrends - 1/16/2013
InfoTrends Study Estimates a Compound Annual Growth Rate of
30.7% for Digital Textile Market
InfoTrends has recently completed a new study examining the digital textile printing segment called Transforming Textile Printing. 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.
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 $1 trillion. Of that, InfoTrends estimates that the value of digitally printed textile garments, décor items,
and industrial products is valued at $10.3 billion in 2012, or less than 1.5% 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%. According to InfoTrends, some key trends that are driving this growth include risk mitigation
from the retailer and brand community, and on the technology side the emergence of high quality, high spend inkjet print heads, the availability of
moderately priced solutions that enable new market entrants, and open system inkjet print heads that allow for multiple ink suppliers resulting in lower