Global Printed Textiles Market: Overview
Printed textiles market is expected to witness robust growth during 2018-2026. The market consists of a wide range of clothing materials including cotton, nylon, polymer, and other forms of fabrics. Additionally, various new technologies like 3D printing, laser printing, conventional machine printing are various different options for buyers in the market. Additionally, various methods of coloring like disperse dye, acid dye, reactive dye, pigment dye, and others are additional option for end-consumers. Moreover, these textiles are also for a wide variety of purposes including technical textiles, fashion, household, and others. The printed textile market is expected to witness major growth as digital printing method continues to make way for more cost-effective and vibrant designs.
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Global Printed Textiles Market: Notable Developments
In 2019, New York fashion week displayed a wide range of complex and colorful designs made possible by 3D printing. The designs displayed complex elements such as insect and butterfly wings to show the level of sophistication reached by technology today. According to the designers, 3D printing is key to creating functional apparel, which can provide modern and commercially viable textiles in today’s fashion world. The designers applied never before effect to clothing like the ‘Chro-Morpho’ collection which created skin-like illusion of switching shades and depth to portray the insect’s inner color diversion, camouflage, and luminosity.
One of the largest computer printer maker, Epson has launched a printer to target the textile industry. Epson uses dye sublimation digital printing technology, which is often used for full-color artwork for polyester-coated and polyester surfaces. The company has equipped its printer with technology that can directly print on the fabric and is ideal to use for sportswear. The entry of Epson into digital printing can be a major game-changer in the printed textiles market as its entry can signal more credibility and repute for printed textiles in the near future.
Global Printed Textiles Market: Drivers and Restraints
The global printed textiles market is likely to witness major growth as small textile manufacturers continue to shift towards new technologies to make breakthroughs. Adoption of these technologies can be extremely expensive. However, thanks to large-scale and cost-effective manufacturing in emerging countries, mediums like digital printing have become accessible to thousands of manufacturers in the printed textiles market. The widespread adoption of digital printing, the cost-effective mode of production, and rising demand for more individualized textiles are expected to drive growth of the printed textiles market. The sophisticated and advanced developments like 3D printing are expected to make way for large adoption of printed modes for sophisticated and luxury clothing in the near future.
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Global Printed Textiles Market: Geographical Analysis
The global printed textiles market is expected to register significant growth in North America. The rising demand for individualized clothing options, rising disposable incomes, and growing demand for personalized choices are likely to drive growth in the region. The textile printing market is also expected to make significant headways in Europe and Asia Pacific. The growing disposable income in Asia pacific, large base of manufacturing companies, and increased advancements like digital printing are expected to drive growth in the region. Europe is expected to witness significant growth thanks to growing investments in new materials, clear-regulatory framework, and new opportunities in shifting trends.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.