Digitally printed textiles market to reach €4.9bn by 2023: Durst Group

08 Jun '21
1 min read
Pic: Durst Group
Pic: Durst Group

The market for digitally printed textiles is expected to grow in terms of print output value to €4.9 billion by 2023, representing a CAGR of approximately 13.4 per cent from 2018 to 2023, according to Smithers Pira. The highest growth rates will be with high volume machines, said Dr Stefan Kappaun, executive vice president of Durst Group.

“Fashion and sportswear applications will continue to lead with over 62 per cent of print volume by 2023, while the home textile market may show a print volume growth trajectory of almost 19 per cent within the next three years,” Durst said in an exclusive interview with Fibre2Fashion.

Talking about the future of the digital textile printing market, he said, “It shows high growth volumes due to a variety of textiles and textile application possibilities. The ever-changing awareness of wastage of water, materials and logistics is causing companies to switch from analogue to digital production technologies. The associated digital market is experiencing double-digit growth year on year. According to different market research institutes, the digitally printed textile output is expected to overtake that of, for example, screen-printed textiles within the next three to six years.”

Click here to read the entire interview.

Fibre2Fashion News Desk (KD)

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