11.26.21
According to a new report published by Allied Market Research, titled "Europe Digital Textile Printing Market by Substrate Type, by Ink Type and by End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030," the Europe digital textile printing market size was valued at $0.75 billion in 2020, and expected to reach $2.95 billion by 2030, with Europe digital textile printing market forecast expected at a CAGR of 14.8% from 2021 to 2030.
Increase in demand for sustainable packaging solutions and surge in demand for consumer goods, especially related to textile industry are the major factors driving the growth of the digital textile printing industry. The rapid expansion of e-commerce and the growth of the advertising industries led to the surge in the demand for digital textile printers.
Printing technology is widely used in packaging industry such as identification, labeling, grading and branding, which is further used in all kinds of packaging solutions. The increase in fashion trends in European countries due to the various exchanges of culture from other countries such as India, led to surge in demand for the digital textile printing industry.
The increasing availability of alternative packaging solutions and rise in the digitization of economies across the developed and developing countries across the globe hampered the growth of the digital textile printing industry market. The need for high capital investment during initial period in regards to the development of printing technology is another reason hampering the growth of the digital textile printing market.
Digital textile printer is an eco-friendlier solution, which is expected to reduce the amount of energy and greatly reduce operational footprint. The above-mentioned factors and applications will provide ample opportunities for the growth of the Europe digital textile printing market during the forecast period.
Increase in demand for sustainable packaging solutions and surge in demand for consumer goods, especially related to textile industry are the major factors driving the growth of the digital textile printing industry. The rapid expansion of e-commerce and the growth of the advertising industries led to the surge in the demand for digital textile printers.
Printing technology is widely used in packaging industry such as identification, labeling, grading and branding, which is further used in all kinds of packaging solutions. The increase in fashion trends in European countries due to the various exchanges of culture from other countries such as India, led to surge in demand for the digital textile printing industry.
The increasing availability of alternative packaging solutions and rise in the digitization of economies across the developed and developing countries across the globe hampered the growth of the digital textile printing industry market. The need for high capital investment during initial period in regards to the development of printing technology is another reason hampering the growth of the digital textile printing market.
Digital textile printer is an eco-friendlier solution, which is expected to reduce the amount of energy and greatly reduce operational footprint. The above-mentioned factors and applications will provide ample opportunities for the growth of the Europe digital textile printing market during the forecast period.