InfoTrends Study Estimates a Compound Annual Growth Rate of 30.7% for Digital Textile Market
Weymouth, MA, Jan 17, 2013 (PRWeb.com via COMTEX) --
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 ink prices.
Transforming Textile Printing covers digital printing of garments, décor, and industrial products. It covers
Digital textile printing hardware systems providers and inkjet print head manufacturers
Digital textile printing ink suppliers and ink types
Fibers and fabrics used in textile printing
Sustainability in digital textile printing
This study is based on in-depth interviews with buyers and specifiers of digital textiles, digital textile print service providers, and suppliers to the digital textile printing industry (hardware suppliers, inkjet print head manufacturers, and systems integrators). InfoTrends conducted 67 interviews in all. The reach was global, with interviews primarily in China, India, the United States, and Italy, with a mix from some other European countries.
For more information on this study, please visit our online store or contact Scott Phinney at +1 781 616 2123 or scott(dot)phinney(at)infotrends(dot)com.
InfoTrends is the leading worldwide market research and strategic consulting firm for the imaging, document solutions, production print, and digital media industries. We provide insights and advice to help clients understand market trends, identify opportunities, and grow their business. Additional information about InfoTrends is available on the Web at http://www.infotrends.com.
For media inquiries contact Donna O'Malley at +1 781 616 2116 or donna(dot)omalley(at)infotrends(dot)com.
Read the full story at http://www.prweb.com/releases/2013/1/prweb10334317.htm
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