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Mexico Digital Textile Printing Inks MarketbyInk Type (Reactive, Acid, Direct Disperse, Sublimation, Pigments, and Others); By Application (Clothing, Household, Technical Textile, Display, and Others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Mexico Digital Textile Printing Inks Market size was registered at USD 26.1 million in 2019 and is estimated to reach USD 167.8 million by 2030, registering a CAGR of 18.50% from 2019 to 2030.
Textile is one of the world's oldest industries and has experienced a remarkable change over the years in which digital printing technology has gone through a transformative path. Screen printing has always been the choice of the process in the textile industry among various processes and has effectively caught the attention of the world. Digital textile printing refers to the application of dyes onto cloth or fiber. Digital textile printing is done on garments or rolls of large format. Typically, the ink used for this method of printing is water-soluble dyes. Digital textile printing ink can be used on both synthetic and natural fabrics. It is used to print garments and clothes such as t-shirts, promotional wears, banners, flags, and many other textile applications. Mexico's market for digital printing inks has seen significant growth as demand for advertising and corporate branding such as flags, retail graphics, and banners are growing.
Mexico's market for digital printing inks has seen significant growth as demand for advertising and corporate branding such as flags, retail graphics, and banners are growing. The main factors driving the digital textile printing ink market are the launch of new designs, economic output, and short-run lengths. Technological developments are also expected to fuel the demand over the forecast period. Additionally, a rise in advertisement and commercial branding also increases the demand for digital textile printing.
By ink type(in %), Mexico Digital Textile Printing Inks Market, 2019
The sublimation ink segment is anticipated to register XX% of the market share during the forecasted period.
By ink type, it is categorized as interactive, acid, direct disperse, sublimation, pigments, and others. Sublimation inks are commonly used in the apparel field as well as in the clothing and soft signage segments due to advantages such as non-solubility, damage tolerance, and color tolerance. Sublimation inks are used on polyester, ray acetate, poly-lycra, and acrylics and require heat after treatment. Thus, this high demand of sublimation ink is expected to dominate the ink type segment.
By application (in %), Mexico Digital Textile Printing Inks Market, 2019
Clothingsegment accounted for XX% of the nation’s volume in 2019
MexicoDigital Textile Printing Inks Market is segmented by application into clothing, household, technical textile, display, and others. Due to the increase in textile and home decorative applications, clothing and household segments are expected to create lucrative growth opportunities for Mexico's digital printing inks market. The region segment can be further divided into five major types including Eastern Mexico, Northern Mexico, Western Mexico, and Southern Mexico.
Launch of new designs and rise in advertising to drive the market demand
Mexico's market for digital printing inks has seen significant growth as demand for advertising and corporate branding such as flags, retail graphics, and banners are growing. The main factors driving the digital textile printing ink market are the launch of new designs, economic output, and short-run lengths. Technological developments are also expected to fuel the demand over the forecast period. Additionally, a rise in advertisement and commercial branding also increases the demand for digital textile printing. Organic growth in the textile industry, growing demand for rapid customization to create unique clothing products; increasing penetration of digital textile printing through widespread adoption in the printing of clothing and technical textiles, and ease of image modification are some of the major factors that are increasing the growth of the digital textile printing ink market.
Higher output rates to hamper the market growth of digital textile printing inks market
Higher output rates of digital textile printing compared to analog printing are likely to hamper the demand for digital textile ink printing soon.
In terms of value and volume, Mexico accounted for XX% of the total market volume share in 2019
The rise in urbanization coupled with increased demand for advertising and corporate brandings such as flags, retail graphics, banners, and others are expected to generate lucrative growth opportunities for digital textile printing inks in Mexico. Additionally, a rise in advertisement and commercial branding also increases the demand for digital textile printing. The region segment can be further divided into five major types including Eastern Mexico, Northern Mexico, Western Mexico, and Southern Mexico.
Some factors that improve the role in the market of the key players within the digital textile printing inks market have been the diversified applications, increased awareness, the introduction of stringent regulations by the government, and increased demand.
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