Direct-to-garment segment grows in booming Asia-Pacific printer market
Direct-to-garment (DTG) phase has seen vital development within the Asia-Pacific excluding Japan (APeJ) area, contributing to a 24.6 per cent year-on-year (YoY) enhance in area for the fourth quarter of 2023, in response to the most recent findings from the Worldwide Knowledge Company (IDC) Worldwide Quarterly Industrial Printer Tracker. The DTG phase grew by 4.9 per cent in comparison with the prior yr.
This phase now faces stiff competitors from giant format graphics printers, notably these with PET (polyethylene terephthalate) options, which provide decrease funding prices and enhanced capabilities, resulting in a rising desire for these alternate options over conventional DTG machines. Moreover, the direct to form (DTS) printer shipments skilled a formidable 89.3 per cent YoY development, pushed by the rebound of the MICE sector and a rising demand for customised print-on merchandise.
The DTG phase within the Asia-Pacific (excluding Japan) noticed a 4.9 per cent development, contributing to a 24.6 per cent enhance in industrial printer shipments in This autumn 2023.
Dealing with competitors from PET function giant format printers, the DTG, DTS, and different segments like textile and packaging additionally reported vital development, with China and India main in textiles.
Within the textile phase, industrial textile machine shipments recorded a robust 42.5 per cent YoY development. China, with the most important share on this sector, noticed a 25.4 per cent development, fuelled by the demand for native manufacturers that supply aggressive pricing benefits over conventional manufacturers. India’s market additionally witnessed a big 91.2 per cent YoY development, largely because of an rising demand for women’ attire and sportswear printing.
The digital label and packaging phase noticed a 19.7 per cent enhance in printer shipments YoY, propelled by the expansion in client items exports all through the area. The massive format product class reported a 22.6 per cent enhance YoY, with each CAD and Graphics printers experiencing development.
Fibre2Fashion Information Desk (DP)