Report Id: SNS/C&M/1458 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Digital Textile Printing Inks market is expected to increase at a CAGR of 10.4%, from an estimated USD 1496.5 million in 2022 to USD 3302.5 million in 2030. The infusion of colorants onto fabrics or textiles is referred to as digital textile printing. On garments or large format rolls, digital textile printing is done. Water soluble dye ink is commonly used for this form of printing. Natural and synthetic materials can both benefit from digital textile printing ink. It is used to print t-shirts, promotional apparel, banners, flags, and a variety of other textile applications.
The digital textile printing ink market is driven by the introduction of new designs, low-cost production, and short run lengths. During the forecast period, technological advancements are expected to propel the market. In the coming years, the digital textile printing ink market is expected to benefit from an increase in advertisements and commercial branding. However, the digital textile printing ink market is expected to be hampered in the near future due to its lower output rate when compared to analog printing.
Difficulties are related to innovative clothing and garment designs.
Increase in demand for promotional apparel, flags, and banners.
Increase in the need for advertisements.
Impact of Covid-19:
The global Digital Textile Printing Inks Market is expected to grow significantly as a result of several factors, including increased demand for 3D printing technology and rapid advancements in printing methods. In addition, the fashion industry is experimenting with 3D-printed t-shirts, shoes, and gowns, which is driving up demand for digital textile printing inks. Although digital textile ink makers are intimately tied with the garment sector, the spread of COVID-19 has had a detrimental influence on this business, resulting in store closures and thereby impacting the total market. Furthermore, the lockout disrupts the value chain, as the clothes business relies not just on e-commerce platforms but also on physical storefronts. Furthermore, one of the pandemic's aftereffects is unemployment, which is expected to affect consumer spending, lowering demand for clothing. This aspect is expected to limit the growth of the digital textile printing inks market.
INX International Ink, JK Group, and Nazdar Company, BASF SE, Dover Corporation, DyStar Group, Zhengzhou Hongsam Digital Science & Technology Co., Ltd., Huntsman Corporation, Kornit Digital Ltd., Sensient Technologies Corporation, Sawgrass Technologies, SPGPrints B.V., Zhejiang Lanyu Digital, Technology Co. Ltd, Sun Chemical, Toyo Ink SC Holdings Co., and Others.
Ceramics & Glass
Advertising & Promotion
Ceramic Tiles Printing
Clothing & Household Textiles
By Ink Type
China is the world's largest market for Digital Textile Printing Inks. The need for Digital Textile Printing Inks in China has been fuelled by the country's growing retail sector, particularly in advertising and marketing applications. Cosmetics, jewellery, sports & leisure products, furniture, communication gadgets, household appliances, and consumer electronics have all seen growth in China's retail sector. After China, the next two major markets, the United States and Japan, will provide considerable growth prospects for Digital Textile Printing Inks players.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 1496.5 Million|
|Market Size by 2030||US$ 3302.5 Million|
|CAGR||CAGR of 10.4% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Formulation (Solvent-based, Water-based, UV-cured, Others)
• By Substrate (Plastics, Textile, Ceramics & Glass, Paper, Wool, Cotton)
• By Application (Advertising & Promotion, Ceramic Tiles Printing, Clothing & Household Textiles, Packaging, Publication, Glass Printing, Others)
• By Ink Type (Reactive, Acid, Direct Disperse, Sublimation, Pigment)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||INX International Ink, JK Group, and Nazdar Company, BASF SE, Dover Corporation, DyStar Group, Zhengzhou Hongsam Digital Science & Technology Co., Ltd., Huntsman Corporation, Kornit Digital Ltd., Sensient Technologies Corporation, Sawgrass Technologies, SPGPrints B.V., Zhejiang Lanyu Digital, Technology Co. Ltd, Sun Chemical, Toyo Ink SC Holdings Co., and Others.|
|DRIVERS||• Difficulties are related to innovative clothing and garment designs.|
|RESTRAINTS||• Increase in demand for promotional apparel, flags, and banners.
• Increase in the need for advertisements.
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultants, aftermarket players, associations, research institutes, private and universities libraries, suppliers, and distributors of the product.
Ans: INX International Ink (US), Nazdar Company (US) and Sun Chemical (US) are the key players in the US Global Digital Textile Printing Inks Market
Ans: Increase in demand for promotional apparel, flags, and banners, Increase in the need for advertisements are the Restraints for Global Digital Textile Printing Inks Market
Ans: From 2021 to 2028, the global digital inks market is expected to increase at a CAGR of 10.4 %
Ans: The global digital ink market is USD 3.64 billion in 2021 to USD 7.28 billion in 2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Digital Textile Printing Inks Market Segment, By Formulation
9.Global Digital Textile Printing Inks Market Segment, By Substrate
9.3 Ceramics & Glass
10. Global Digital Textile Printing Inks Market Segment, By Application
10.1 Advertising & Promotion
10.2 Ceramic Tiles Printing
10.3 Clothing & Household Textiles
10.6 Glass Printing
11. Global Digital Textile Printing Inks Market Segment, By Ink Type
11.3 Direct Disperse
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Sun Chemical
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.1 INX International Ink
13.2 Toyo Ink SC Holdings Co.
13.3 JK Group, and Nazdar Company
13.4 BASF SE
13.5 Dover Corporation
13.6 DyStar Group
13.7 Zhengzhou Hongsam Digital Science & Technology Co., Ltd.
13.8 Huntsman Corporation
13.9 Kornit Digital Ltd.
13.10 Sensient Technologies Corporation
13.11 Sawgrass Technologies
13.12 SPGPrints B.V.
13.13 Zhejiang Lanyu Digital Technology Co. Ltd
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share analysis
14.3 Recent Developments
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