“Digital Textile Printing Inks Market by Ink Type (Reactive, Acid, Direct Disperse, Sublimation, and Pigment) and Application (Clothing/Garments, Household, Technical Textiles, and Display & Others): Global Opportunity Analysis and Industry Forecast, 2019-2027.” The report states that the global market for digital textile printing inks was valued at $1.11 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 11.6% from 2020 to 2027 to reach $2.66 billion.
The global market for digital textile printing inks is expanding due to rising demand for 3D printing technology and the quick development of printing techniques. However, the market’s expansion is hampered by the high initial cost of investment. However, in the upcoming years, technological improvements will open up new options.
The sublimation segment accounted for about half of the global market for digital textile printing inks in 2019 and is expected to continue to have a leading position during the forecast period. This is based on the type of ink used. This is because of its eco-friendly qualities and widespread use in a variety of applications, such as soft signs and fashion. The pigment segment, on the other hand, is anticipated to grow at the quickest rate between 2020 and 2027—14.7%—because of its many advantages, including exceptional colour strength, light resistance, and acceptability as a universal ink.
