LONDON: The global digital textile printing market is expected to grow at an impressive CAGR of more than 18% during the
forecast period, according to Technavio’s latest market research.In
this market research report, Technavio covers the market outlook and growth
prospects of the global IoT market in energy grid management for 2017-2021. The
market is segmented by ink type (disperse and sublimation inks, reactive ink,
acid ink, and pigment ink) and by application (textiles and clothing, soft
signage, home textiles, and others).
Technavio’s research analysts segment the global digital textile printing
market into the following regions:EMEA holds a dominant position globally in
the textile and clothing market and therefore occupies the largest share in the
global digital textile printing market. The leading textile manufacturing
countries in this region are Italy and Germany, followed by France, Spain, and
Portugal. UAE has the textile market as the second largest market, preceded by
the oil market, which is the largest. The largest share in this region is
occupied by knitted fabrics, which accounted for approximately 50% share in
2016.
The textile industry in UAE is
expected to further escalate during the forecast period due to the lower cost
of raw materials. The price of polypropylene polymer recorded to be
approximately 21% lesser in the Middle East to that of the price in Western
Europe. Therefore, the upsurge in the textile industry will drive the digital
textile printing market in this region during the forecast period,” says Kshama
Upadhyay, a lead analyst from Technavio for paints,
coatings, and pigments research.
Source: News Times, United Kingdom Thursday, 26 October 2017