Textile printing ink market is subjected to rising growth owing to the increasing use of textile printing ink in the major application segments of the textile industry. By catering to demand transformations, textile printing ink providers are focusing on gaining competitive edge with next-generation developments and improvements in the textile printing ink portfolio provided by them. Factors such as the cost-effectiveness of textile printing ink is being utilized by the players in the textile printing ink market for their business expansions.
Environment-friendly textile printing ink is gaining more emphasis owing to the growing environmental concerns and the need for sustainable textile printing ink for textile and fabric printing. Biodegradable textile printing ink providers are seeing more growth opportunities in the nearing future owing to the need for eco-friendly solutions. Players of the textile printing ink market including the Kornit Digital Ltd. and Magna Colours have provided eco-friendly water-based textile printing ink to the market with the growing use of the textile printing ink for printing fabrics especially in the clothing and apparel segment of amongst other application segments. Being a great alternative for chemically based textile printing ink, the eco-friendly textile printing ink redefines the future of the textile printing ink market.
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Introduction: Textile Printing Ink
Ink is a liquid or paste which contains dyes or pigments and is used in the application to colour the surface or to text on the paper, cloth, wall, etc. Ove the years, there are tremendous changes in the advancement of the inks technology and several innovative methods are used to produces it on the respective surface. There are different types of ink are used to colour the surface, textile printing ink is one of such ink used globally.
Textile printing ink is defined as, it is the process of the transferring of the ink on the textile substrate by using different printing techniques and machines. On the basis of application, textile printing ink is cost effective than others inks. There are several properties which make textile printing ink more popular such as, flexibility, effectiveness, and environmental benefits. The textile printing ink used in both the printing such as, manual and automatic. Textile print ink gain attention due to its application over the other ink such as, it is fast curing, provides significant elongation on elastic fabrics, excellent durability, and compatible by price as compared to other printing inks. On the basis of toxicity the textile printing ink is totally free from solvent and completely environment friendly.
Market Dynamics: Textile Printing Ink
Increasing growth in the urbanization, growing demand for corporate branding and increasing trend towards the branded apparels are the factors which expected to create lucrative demand for the textile printing inks over the forecast period. On the basis of the type, reactive ink segment has expected to witness for the major demand due to increase in printing applications. Textile printing ink market is driven by end application from the consumer specific formulation such as, for commercial printing, publication and many more.
Furthermore, the growth for textile printing ink is projected to grow significantly owing to its excellent print life coupled with colour stability. Based on application, the display segment has witnessed significant growth in 2017 and is expected to continue throughout the forecast period due to growth in special effects applications. However, on the basis of application, clothing segments is expected to create lucrative growth opportunities for textile printing inks market
Market Segmentation: Textile Printing Ink
Textile printing ink is segmented on the basis of printing method, product type, classification, and application
On the basis of printing methods, the textile printing ink is segmented as
- Direct Printing
- Discharge Printing
- Resist Printing
On the basis of product type, the textile printing ink market is segmented as
- Water Based
On the basis of classification, the textile printing ink is segmented into,
- Direct Disperse
On the basis of application, the textile printing ink is segmented into
- Technical Textiles
- Display and Others
Regional Outlook: Textile Printing Ink Market
On the basis of regional outlook, APAC followed by Western Europe are projected to gain maximum growth for textile printing ink market in between the forecast period. There are several factors which is expected to thrive the demand in APAC market such as, double digit growth in technical textile industry is key driver for the regional growth. In addition to this, penetration of key market participants to increase production capacity in the regional market such as in countries like, China, India are expected to boost the demand in near future. Growing financial prudence of ASEAN countries such as Indonesia, Malaysia, and Thailand Malaysia, Indonesia is expected to hold major events related to the market. This is anticipated to expand growth in APAC for textile printing ink market.
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Some of the key players of the textile printing ink market are the
- I. DU PONT DE NEMOURS AND COMPANY
- KORNIT DIGITAL LTD
- BASF SE
- DOVER CORPORATION
- DYSTAR GROUP