Future Market Insights Market Study on Digital Textile Printing Market

08 March 2022, Mumbai:

Digital Textile Printing Market to Witness Massive Supply Chain Disturbance as COVID-19 Pandemic Continues to Affect Printing Industry.

The global digital textile printing market is anticipated to clock a remarkable CAGR of 16.3% over 2022-2029, as suggested by the new ESOMAR-certified market research and consulting firm’s market intelligence report.

This astonishing market growth is majorly driven by increasing penetration of the printing sector in developing markets such as China, Mexico, and India, and technological advancements that have taken place over time.

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Potential Impact of COVID-19 In light of the measurable impact of the COVID-19 pandemic on the printing industry, study projects that, industry players will most likely fail to meet their financial targets due to considerable supply chain disturbance, led by reduced customer demand.

Alerted by the current market situation, leading players are building essential operational flexibility to survive the pandemic. In addition, the pandemic has triggered implications to digitally transform workplaces in order to better serve end-users and thrive over the course of the following years.

This crisis will possibly create a fertile ground for the potential transformation of the digital textile printing market, as stated by the study.

Manufacturers are slowly making developments in quality digital textile printing technology, and thus, flexography and lithographic printing technology providers are slowly shifting to digital printing processes. The growth outlook of digital textile printing seems promising.

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