The global textile transfer paper market is poised for substantial growth, according to a report by the market research firm Future Market Insights (FMI). Specifically, from an estimated valuation of $ 777.2 million in 2023, the industry is expected to surpass $1.3 billion by 2033, reflecting a forecast compound annual growth rate (CAGR) of 5.9 percent.
According to the report, a number of drivers will contribute to increased demand for these kinds of products including:
- Demand for personalization and customization, as individuals “seek unique ways to express their individuality.”
- Advances in digital printing technology: specifically, the way “digital printing technology has revolutionized the market, enabling high-quality, full-color images on various fabrics.”
- The popularity of sublimation transfer paper, due to its “ability to produce high-quality images suitable for a wide range of fabrics.”
- Eco-friendly products and the way increasing demand for environmentally friendly products is driving manufacturers to develop eco-friendly transfer papers and inks.
- The rise of e-commerce platforms, which in turn have facilitated the purchase of customized products and supported small businesses in selling custom-printed clothing and accessories.
- Sportswear and the way demand for textile transfer paper in the sportswear segment, in particular, is rising as a result of the “emphasis on health-conscious lifestyles and fitness routines among consumers of all ages.”
For the complete report and more on Future Market Insights, Inc., a provider of market intelligence with over 400 analysts worldwide, click here.
