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Global Digital Textile Printing Ink Market - Covid-19 Impact, Size, Share, Industry Growth and Forecast Analysis to 2031

 

Digital Textile Printing Ink: Introduction

 

·         Digital textile printing refers to the infusion of colorants onto fabrics or textiles. Digital textile printing is performed on garments or large format rolls. The ink utilized for this type of printing is usually water soluble dye. Digital textile printing ink can be used on natural and synthetic fabrics. It is employed in printing of clothes and garments such as t-shirts, promotional wears, banners, flags, and several other textile applications.

·         Introduction of new designs, economic production, and short run lengths are key factors driving the digital textile printing ink market. Advancements in technologies are projected to fuel the market during the forecast period. Rise in advertisements and commercial branding is also anticipated to boost the digital textile printing ink market in the next few years. However, lower production rate of digital textile printing ink as compared to analogue printing is estimated to hamper the digital textile printing ink market in the near future.

 

Key Drivers and Restraints of Global Digital Textile Printing Ink Market

 

·         The digital textile printing ink market has developed significantly in the recent years. This can be primarily ascribed to the growth in the global textile industry. Digital textile printing ink plays an important role in addressing several issues associated with the new design in clothing and garments. Rise in usage of digital textile ink in the clothing and garment industry is expected to propel the digital textile printing ink market during the forecast period.

·         Increase in demand for promotional wears, flags, and banners is expected to create significant opportunities for the printing ink industry. Digital textile ink is used for banner and flag printing. Rise in demand for advertisements is anticipated to boost the demand for digital textile printing ink during the forecast period.

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Digital Textile Printing Ink: Ink Type Segment

 

·         In terms of ink type, the global digital textile printing ink market can be segmented into dispersed, reactive, acid, and pigment

·         The dispersed segment is expected to account for significant share of the global digital textile printing ink market during the forecast period. It is anticipated to be followed by the reactive segment.

·         The acid segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the garment industry around the globe

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Digital Textile Printing Ink: Fabric Type Segment

 

·         In terms of fabric type, the global digital textile printing ink market can be segregated into polyester, cellulosic, wool, cotton, silk, polyamide (nylon), and others

·         The polyester segment is expected to account for significant share of the global digital textile printing ink market during the forecast period. It is anticipated to be followed by the cellulosic segment.

·         The polyamide (nylon) segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the textile industry around the globe

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Digital Textile Printing Ink: Application Segment

 

·         In terms of application, the global digital textile printing ink market can be classified into clothing & garments, technical textiles, banners & flags, displays, and others

·         The banner & flags segment is estimated to expand at a rapid pace during the forecast period. It is projected to be followed by the technical textiles segment.

·         The clothing & garments segment is likely to expand at a healthy CAGR during the forecast period, owing to the increase in population across the globe

 

Covid-19 Impact on Digital Textile Printing Ink Market

 

·         On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.

·         Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic

·         Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the digital textile printing ink market.

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Asia Pacific to Dominate Digital Textile Printing Ink Market

 

·         In terms of region, the global digital textile printing ink market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

·         Europe dominated the digital textile printing ink market in 2020. This trend is anticipated to continue during the forecast period. This can be ascribed to the higher production and consumption of textile inks. However, the digital textile printing ink market in Asia Pacific is anticipated to expand at a rapid pace owing to the increase in demand for textiles in emerging countries such as China and India.

Key Manufacturers Operating in Global Digital Textile Printing Ink Market

The global digital textile printing ink market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the global digital textile printing ink market include:

·         DowDuPont Inc.

·         BASF SE

·         Jay Chemical Industries Ltd.

·         SPG Prints

·         Global Imaging

·         Huntsman Corporation

·         Kornit Digital Ltd

·         Zhejiang Lanyu Digital Technology Co., Ltd.

·         Sensient Technologies

·         Sawgrass Technologies, Inc

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