Ink used in clothing, ready-made clothes, textiles and home textiles is called digital textile printing ink. Durability, excellent color saturation and excellent picture quality are the attributes of digitally printed clothing. In addition, the growth of personalized clothing trend on social media makes digital printed clothing more and more popular, which promotes the adoption of digital textile ink in clothing application. The demand for luxury home textile products in Asian countries is rising, and it is expected to increase the market of digital textile ink.
In 2021, the global market value of digital textile printing ink was US$ 1.39 billion, and it is expected to reach US$ 3.793 billion by 2030. During the forecast period (2022-2030), the growth rate of CAGR was 11.8%. The wide application of 3D printing in manufacturing, medical care, industry and social culture has made it a successful commercial technology. Therefore, the development of 3D printing technology and the increasing use of digital textile ink in 3D printing are expected to promote the growth of the global market in the near future.
In the next few years, manufacturers will concentrate on reducing the price of UV curing ink. Manufacturers are adopting cutting-edge technologies, such as H-UV, LE-UV and LED-UV, which are expected to promote the expansion of UV LED ink market. This research and development provides an opportunity for the growth of textile printing ink market.