Global DTP output in 2014-15 was 563.2 million metre square worth $853.8 million and is expected to grow at a healthy CAGR of 28.1 per cent and 30.5 per cent in terms of volume and value, respectively between 2015 and 2020, said Viren Mehta, vice president of Fibre2Fashion.com, citing a study by Fibre2Fashion research team.
The major driving factors behind the high growth forecast is the convenience, the technology and outstanding market potential for DTP in markets like China, India, Turkey, Brazil and Indonesia. These markets offer tremendous investment potential for DTP, Mehta said.
He mentioned that DTP captured more than 1.5 per cent of the overall printed textiles market from virtually nil in early 2000's and is expected to be more than 5 per cent by 2020. Large population and dominant traditional printing unfolds new growth opportunities for the DTP market in APAC. Rapid urbanisation in the region is leading to higher expenditure on clothing and apparel.
China holds 52 per cent share of the APAC DTP market in terms of volume whereas India is the fastest growing country in the APAC DTP market. Indian market is estimated to reach 160.5 mm2 and $300.6 million by 2020.
DTP output in the Indian textiles industry is estimated to reach 223.4 mm2 worth $416.5 million growing at a CAGR of 35.3 per cent and 38.6 per cent, in terms of volume and value respectively between 2015 and 2020. Fibre2Fashion.com's Market Intelligence division has done extensive research on global DTP market and has published 'Global Digital Textiles Printing Market Outlook - By Ink Type, By Application, and By Region-Trends and Forecast till 2020'. The report is available on subscription.
Fibre2Fashion.com was among the 180 exhibitors who participated in the three-day exhibition and conferences jointly organised by UBM China and Sun Expo. (RKS)
Fibre2Fashion News Desk – China
Textiles | On 23rd May 2018
Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...
Apparel/Garments | On 23rd May 2018
Marks & Spencer (M&S), a leading British multi-national retailer,...
‘New vendor is welcome if he offers cost, quality and timely delivery’
ITME is an occasion not only to receive new leads but also to work on...
Every fifth sale we make on Zapyle is a repeat purchase
Describing itself as the best body shape and garment fit company in the...
Idealin Fogging Systems has been engaged in designing and manufacturing...
Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
About one in every 20 patients picks up an infection while hospitalised....