Home / Knowledge / News / Textiles / 'DTP market to grow at 30% CAGR in APAC region'
'DTP market to grow at 30% CAGR in APAC region'
25
Apr '16
Viren Mehta, Vice President, Fibre2Fashion.com, speaking at the event
Viren Mehta, Vice President, Fibre2Fashion.com, speaking at the event
Digital textile printing (DTP) market is expected to grow at CAGR of 30 per cent in APAC region in next five years, said a speaker at the Shanghai International Digital Textile Printing Summit 2016, conducted on the sidelines of Textile Printing Fair organised by UBM China in Shanghai.

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

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X