Smithers
(Source: Smithers)
Demand for digitally printed textiles is rebounding strongly through 2021 and is set for accelerated growth over the next 5 years, according to The Future of Digital Textile Printing to 2026, the latest expert market study from Smithers, Akron, OH/USA.
In 2021 the market was worth €3.82 billion (print service value), up from €3.16 billion in 2020. By 2022 the market will have recovered all of the sales it lost in 2020 due to the various disruptions of Covid-19. Smithers forecasts that a compound annual growth rate (CAGR) of 12.7% will push global value to €6.95 billion in 2026. Across the same period the volume of inkjet-printed fabrics – apparel, household furnishings, technical textiles, display media – increases from 2.89 billion m² (2021) to 5.53 billion m² (2026). This see inkjet’s share of the total printed textile market – 52.7 billion m² (2019) – rise from 6% to 10% over the Smithers forecast period. For print OEMs, this presents a major area for diversification and growth as many other print segments continue to trend downwards post-Covid-19.
The historic, current and future post-Covid-19 outlook for this dynamic inkjet market is analysed and quantified with a high degree of granularity in the report. The market and data are segmented across 31 different end-use applications; and includes additional data on substrates used, ink volumes and pricing, equipment sales/installed base, and regional and leading national markets.
Combined with insightful technology and market profiles, this provides an essential business strategy tool for both established companies and new entrants to the market. It is available for purchase priced $6,500 (€5,250, £4,750).