David Savastano, Editor08.01.17
The global textile industry is a huge business. Grand View Research, Inc., a San Francisco-based consultant firm, places the overall global textiles market at $830.0 billion in 2015, reaching an estimated $1,237.1 billion by 2025.
It is also a tremendous opportunity for printers and the ink industry. Printing is an important manufacturing technology, and digital printing is on the rise, as the ability to produce prototypes, customized products and short runs economically through inkjet printing becomes increasingly more common.
In its report, “Digital Textile Printing Market: Global Opportunity Analysis and Industry Forecast, 2014-2022,” Allied Market Research places the global digital textile printing market at $1.245 billion in 2015, possibly reaching $3.9 billion by 2022, at a CAGR of 17.9% between 2016 and 2022. In “The Future of Digital Textile Printing to 2021,” Smithers Pira places the value of digital textile printing at €1.17 billion in 2016,
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