Advancements in Printing Techniques Drive Growth in the Global Textile Printing Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) October 30, 2013 -- Follow us on LinkedIn - Textile printing is a concept indispensable to the style and design of garments. The textile industry is making a steady shift towards prints rather than dyed fabric, driven mainly by the rapid changes in the fashion world. Steady population growth, increasing purchasing capability, and rapidly changing fashion trends are among the key factors driving growth in the textile printing market. The steady shift towards digital textile printing, due primarily to the technology’s ability to offer similar production speeds as well as coloration costs as that of conventional screen printing technique, is also helping drive growth. With uncertain economic environment affecting operations of traditional textile printers, companies are shifting towards alternative options including digital textile printing technology as a means to sustain operations and improve revenue generation. Technology advancements and improvements in areas of inks and consumables, printheads, and printing machinery are also expected to infuse new demand for textile printing.
As stated by the new market research report on Textile Printing, Asia-Pacific represents the largest and fastest growing market with a CAGR of 4.0% over the analysis period. The textile industry’s shift towards low-cost production destinations in developing markets have contributed to the region’s emergence as a powerhouse in textile production. In the coming years, market growth will be chiefly driven by growing population and steady GDP growth in economies such as India and China. Over the years, application of digital textile printing has expanded from high-end luxury, fashion garments, accessories and home furnishings to the mass-market.
Screen Printing represents the largest market sector by type of technology. Though facing stiff competition from the rapid adoption of digital technology, conventional screen printing continues to hold a major share of the global textile printing market, in terms of production volume of printed textiles. Technology advancements aimed at improving process speeds and accelerating time-to-market will be the key to survival of the screen printing technology. Digital textile printing represents the fastest growing sector. Apart from enabling designers to produce highly innovative and imaginative prints, digital textile printing is also eco-friendly due to lesser usage of dyes and water. The technique also offers support for experimentation, prototyping, customization, and facilitates shorter production runs. Factors driving growth of digital textile printing include development of high-quality inkjet print heads, availability of open system inkjet print heads that enable use of inks from multiple suppliers, and availability of lesser priced solutions. Despite its higher cost, digital technology is likely to witness growth due to its ability to print intricate designs over polyester and silk.
Major players covered in the report include Agfa Graphics, Brother Industries Ltd., Fisher Textiles Inc., Kornit Digital Ltd., Mutoh Industries Ltd., Hollanders Printing Systems, Roland DG Corporation, Stork Prints BV, Mimaki Engineering Co. Ltd., Seiko I Infotech Inc., and Xennia Technology Ltd., among others.
The research report titled "Textile Printing: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in volume production for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Turkey and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also analyzes the Global market by Technology Type (Digital Printing and Screen Printing) and Fabric Type (Apparel; Interior/Furnishings; and Industrial/Technical Textiles).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Textile_Printing_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
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