The digital textile printing ink market is valued at USD 1.2 billion in 2021 and is poised to grow at a significant CAGR of 11.0% over 2022–2028. As digital printing replaces traditional printing methods, the market for digital textile printing inks is rapidly growing. An increase in the replacement rate will fuel the steady and rapid growth of digital textile printing ink equipment. Top players in the digital textile printing inks market are substantially spending on ink chemistry research and development to improve product performance and sustainability, which will drive market growth. Digital textile printing inks, rather than latex or UV printing technologies, provide endurance and a high-quality look and sheen. As a result, adoption is growing for digital textile printing across geographies. Direct disperse (using disperse ink), and reactive dye (using reactive ink) printers are the most common inks or digital printing techniques in digital textile printing. The digital textile printing ink market is driven by new designs, low-cost production, and short-run lengths. Digital textile printing ink is critical in addressing several innovative clothing and garment design difficulties. During the forecast period, digital textile ink in the clothing and garment industry is likely to drive the market. Moreover, following COVID-19, the fashion sector has experienced remarkable expansion, with increased demand for bespoke products. The market has grown due to increased demand for 3D printing technology and the rapid development of printing processes. In the future years, immediate technological improvements are predicted to open up new potential for industry players. Furthermore, changes in lifestyle and internet usage worldwide would positively benefit the worldwide digital textile printing inks market. Furthermore, the global digital textile printing inks market is predicted to increase due to new fashion trends based on culture and innovations in the digital printing sector.
Recent Market Developments:
In December 2020, Huntsman Corporation acquired Gabriel Performance Products, a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from funds owned by Audax Private Equity
In 2021, DyStar demonstrated a complete solution package at ITMA that includes high-quality inks and preparation and finishing auxiliaries. Jettex inks based on all dye classes currently used in industrial digital textile printing will be demonstrated by DyStar and accessible for all print heads. The high-quality inks deliver industry-leading strength, brilliance, and long-term run ability.