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Strong growth predicted for digital print
In 2021 the market was worth €3.82 billion in print service value, up from €3.16 billion in 2020.
11th October 2021
Knitting Industry
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Akron, OH, USA
The demand for digitally printed textiles is rebounding strongly in 2021 and is set for accelerated growth over the next five years, according to The Future of Digital Textile Printing to 2026, the latest market study from Smithers.
In 2021 the market was worth €3.82 billion in print service value, up from €3.16 billion in 2020. By 2022 it will have recovered all of the sales it lost in 2020 due to the various disruptions of Covid.
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 – will increase from 2.89 billion square metres in 2021 to 5.53 billion square metres in 2026.
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