Direct-to-garment segment grows in booming Asia-Pacific printer market
Direct-to-garment (DTG) section has seen vital development within the Asia-Pacific excluding Japan (APeJ) area, contributing to a 24.6 per cent year-on-year (YoY) improve 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 section grew by 4.9 per cent in comparison with the prior yr.
This section now faces stiff competitors from giant format graphics printers, significantly 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 section within the Asia-Pacific (excluding Japan) noticed a 4.9 per cent development, contributing to a 24.6 per cent improve in industrial printer shipments in This fall 2023.
Going through competitors from PET characteristic 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 section, industrial textile machine shipments recorded a robust 42.5 per cent YoY development. China, with the biggest 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 major 91.2 per cent YoY development, largely as a consequence of an growing demand for girls’ attire and sportswear printing.
The digital label and packaging section noticed a 19.7 per cent improve in printer shipments YoY, propelled by the expansion in client items exports all through the area. The big format product class reported a 22.6 per cent improve YoY, with each CAD and Graphics printers experiencing development.
Fibre2Fashion Information Desk (DP)