Digital Textile Printing offers the established print service provider with an amazing chance to expand their business, because the market is continuing expand at an incredible rate. Digital Akshay speaks about the massive growth that is expected and the reason they're best placed to assist your company in identifying the new market.
The reception to AMprintex Decor exhibit at the recent Sign and Digital UK exhibition was astonishing, and also points the direction for future potential business models for the PSP.
A recent study by Smithers Pira revealed a projected increase in Digital Textile Printing at over 17.5 percent annually in the course of six years. This time, the report predicts that the global market Digital Textile Printing will more than double from $1.73 billion in 2018 to $3.94 billion in 2023.
For anyone who is deeply involved in the business, this development has been apparent for a while which has led to a multitude of print-houses that are independent to focus their efforts on this area, along with the established mainstream textile printers who have began to transform their facilities to rotary printing digital.
Similar to how digital disruption in the Events and Signage industry digitised the workspace for graphics, in order to offer a cost-effective fast and long-lasting solution to manufacturing We are now set to witness the revolution of the market for printed textiles. The Fashion Sportswear, Fashion, as well as Interior Decor sectors offer exceptional new opportunities for business development to the PSP.
For Fashion Designers of repute have already begun to set up printing shops of their own which allow the production of capsule collections using the risk-free "no stock" business model. This is a clear path for many fashion micro-brands and entrepreneurs who operate web-to-print companies.
In these diverse business models, customers receive their desired items in a matter of days, and pay for it in advance using an e-commerce gateway that provides a great return on investment for the Designer or the Print Service Provider.
In Sportswear, the latest micro-factories as well as dye-sub printers are now combining personalised patterns-making tools with automatic sewing and laser cutting to allow to allow the Sportwear Industry to keep up with the Millennial generation's insatiable need for personalisation and customisation.
In the Interior Decor Sector, where the way to customize was first made available through the phenomenal increase in the demand for bespoke wallpaper murals for both domestic and contracts, we are now able to have an exponential increase in the demand for customised print on fabric for contract use.
In the end, Interior designers, as well as curtainmakers have made the switch to custom-made fabric printing and are increasingly utilizing the speed and flexibility offered by Digital Textile Printing, to provide their plans and product collections the uniqueness and exclusivity that are so loved by their clients.
In the end it all adds up to an extremely vibrant ecosystem with a growing demand equipment and systems are increasing accessible across a diverse variety of performance and prices.
Therefore, from the Print Service Provider's point viewpoint, when they are searching for potential business growth opportunities in the future, rise in Digital Textile Printing presents an unparalleled opportunity to focus and bring a new, profitable business model using a range of core manufacturing skills, including prepress and colour management, as well as digital printing and finishing.
Moving now will help them re-energize their offering to customers and allow them to take part in the massive growth predicted to occur in Digital Textile Printing over the coming five years.
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