The global market for textile printing market is projected to reach a revised size of 28.2 billion sq m by 2026, growing at a CAGR of 4.3 per cent over the period analysis period. As per the latest report by ResearchAndMarkets.com, Screen printing,segment is projected to grow at a 2.8 per cent CAGR to reach 24.6 billion square meters by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the digital printing segment is readjusted to a revised 16.5 per cent CAGR for the next 7-year period. This segment currently accounts for a 7.8 per cent share of the global Textile Printing market.

The market for traditional textile screen printing, which is a labor-intensive technique, has witnessed growth led by steady population growth, rising consumer spending of people across the world, and rapidly changing fashion trends. However, with the emergence of digital textile printing and its fast adoption in the global market, the conventional screen printing method is facing stiff competition.

Growth in digital printing segment will be driven by digital printing technology`s ability to address technical limitations that are encountered in conventional printing applications, and its use in small-volume productions involving varied designs, which proves to be inefficient in the case of traditional printing.