Dye Sublimation Printing Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.97 Billion |
| Market Size (2029) | USD 26.23 Billion |
| CAGR (2024 - 2029) | 10.44 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dye Sublimation Printing Market Analysis
The Dye Sublimation Printing Market size is estimated at USD 15.97 billion in 2024, and is expected to reach USD 26.23 billion by 2029, growing at a CAGR of 10.44% during the forecast period (2024-2029).
- Dye sublimation printing, known for its high-quality photographic results, uses heat to transfer colored dye pigments from a carrier film to the PVC printing surface, where they bond chemically. This method is quickly becoming popular in the promotional products market because it can be used on many products, from fabrics to hard materials. Unlike traditional printing, dye sublimation embeds colors permanently into the material, ensuring they do not fade or crack, even after multiple washes, with images remaining intact.
- In recent years, the demand for dye sublimation printers has grown significantly, leading printer vendors to produce high-speed, high-volume systems for industrial use. These printers have better designs, improved printheads, and other components, which increase demand. The latest printheads offer faster print speeds and an automatic circulation system, reducing printhead nozzle clogs, a common cause of downtime.
- The garment industry is increasingly choosing dye sublimation printing solutions. One key reason is its design flexibility, which is better than traditional screen printing. Famous designers like Alexander McQueen and Mary Katrantzou prefer digital printing for smaller prints because it is cost-effective.
- Additionally, the market is seeing more funding for new players and start-ups, supporting its growth. For example, in May 2024, Hannto Technology Co. Ltd raised CNY 300 million (USD 41.5 million) to build a new production facility in China. This facility is expected to produce around 3 million intelligent printing devices. Hannto plans to use the funds for technology research and development (R&D) and product development to expand its range of inkjet, dye sublimation, and laser printers.
- However, dye sublimation printers, known for their excellent quality, are slower than inkjet printers. Additionally, the complex multi-step dye-sublimation process, which ensures high-quality prints, increases costs. This higher expense is a significant obstacle to market growth.
Dye Sublimation Printing Market Trends
Transformation of Home Textile Decor Landscape Aiding the Market Growth
- Dye sublimation printing is excellent for home textiles like curtains, cushions, and other custom accessories. This method works well on flame-resistant fabrics and does not need extra steps after printing, making it ideal for the upholstery and contract furnishing industry.
- Contract furnishing companies worldwide use dye sublimation printing, increasing the demand for these printers. For example, Meshtex Printing Services in the United Kingdom offers various outdoor items, like furniture covers and umbrellas, printed with this technology. Also, as more people want personalized furnishings, the market is expected to grow.
- The rise in urbanization and higher disposable incomes are significant factors driving the demand for home decor. This shift is changing global social norms, with urban culture becoming more dominant. According to the US Census Bureau, retail sales for clothing and accessories stores in the United States reached USD 20.94 billion in February 2023, up from USD 20.15 billion in 2022.
- Various vendors are expanding their product lines with new printers and solutions to meet the growing demand. For instance, Seiko Epson Corporation, a leading dye sublimation printer provider, added the SC-F10000H, a 76-inch industrial-grade textile printer, to its range.
- However, the demand for printed fabrics in home textiles is increasing, and the demand for wall-covering products has declined. This decline is primarily due to the challenges of removing existing wallpaper, which requires specific tools and chemicals. The process is often labor-intensive and time-consuming, deterring many consumers from opting for wallpaper. This shift in consumer preference has led to a steady decrease in the popularity of traditional wall-covering products, impacting the market growth.
Asia-Pacific's Textile Sector Fuels Dye Sublimation Printing Market Growth
- The dye sublimation printing market in Asia-Pacific is increasing, driven by the region's expanding textile industry. Key reasons include the trend toward shorter fashion cycles, the rapid adoption of new technologies, and the growth of the e-commerce sector.
- The National Bureau of Statistics reports that China's clothing fabric production increased from 2.77 billion meters in December 2023 to approximately 4.81 billion meters in January and February 2024. China's growing digital printing sector significantly supports this growth.
- The IBEF highlights India's textile sector, one of the country's oldest industries, and it is expected to reach a value of USD 209 billion by 2029. The region is seeing more digital printing because customers want quicker results. As end-user sectors, especially textiles, demand more innovative results, digital printing's importance is set to rise, ultimately impacting the dye sublimation printing market's growth.
- India's interest in dye sublimation printing grew a decade ago after the IPL's campaign when Epson introduced IPL-themed t-shirts through its Surecolor SC-F6070 and SC-F 7070 printers. With such events becoming more popular, the market for dye sublimation printing is expected to grow further in the coming years.
- The region's companies focus on sustainable practices with advanced, eco-friendly printers. For example, in May 2024, the Colorjet Group launched the Polo Earth, a 3.2-meter eco-solvent printer. This move shows the company's commitment to eco-friendly large-format printing, meeting the rising demand for sustainable solutions.
Dye Sublimation Printing Industry Overview
The dye sublimation printing market is semi-consolidated due to a few significant players. The market is rapidly growing with the textile sector's increasing adoption of dye sublimation printing. The key players in the market are Seiko Epson Corporation, Roland DGA Corporation, Agfa-Gevaert Group, Mimaki Engineering Co. Ltd, Mitsubishi Electric Corporation, HP Development Company LP, and Mutoh Europe NV. The players in the market are focusing on increasing their market share through product launches and acquisitions.
April 2024: Seiko Epson Corporation announced the launch of two new industrial SureColor F-Series dye-sublimation printers to increase production efficiency and productivity for textile print vendors. The new printers will help clients adapt to changing textile trends and meet market demands.
Dye Sublimation Printing Market Leaders
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Seiko Epson Corporation
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Roland DGA Corporation
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Agfa-Gevaert Group
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Mimaki Engineering Co. Ltd.
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Mitsubishi Electric Corporation
*Disclaimer: Major Players sorted in no particular order
Dye Sublimation Printing Market News
- May 2024: Colorjet Group strengthened its presence in Turkey by displaying its technologically advanced sustainable printing solutions at the International Textile Machinery (ITM) exhibition. The company will highlight its latest sustainable digital textile printing technologies, designed to meet the demands of the textile industry. The company focuses on expanding its presence in a country known for its robust textile manufacturing capabilities by offering dedicated regional support and service.
- January 2024: Simply Beautiful Print invested in Agfa equipment to satisfy the growing demand for dye sublimation printing. In September 2023, the company installed an Agfa Avinci CX3200 wide-format printer and a Klieverik Calender unit to launch the business into dye-sublimation production and finishing. Investing in the dye sublimation printer will help the company satisfy the textile and fabric printing requirement in-house and increase the customer base.
Dye Sublimation Printing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Technology Snapshot
4.5 Assessment of Impact of Geopolitical Scenario on the Industry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 The Growing Apparel Market
5.1.2 Increase in Marketing and Advertisement Spending
5.2 Market Restraint
5.2.1 Capital Expenditure and Consumption Cost
6. MARKET SEGMENTATION
6.1 By Application
6.1.1 Garments
6.1.2 Technical Textiles
6.1.3 Household
6.1.4 Visual Communication
6.1.5 Rigids
6.2 By Geography***
6.2.1 North America
6.2.2 Europe
6.2.3 Asia
6.2.3.1 Australia and New Zealand
6.2.4 Latin America
6.2.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Seiko Epson Corporation
7.1.2 Roland DGA Corporation
7.1.3 Agfa-Gevaert Group
7.1.4 Mimaki Engineering Co. Ltd
7.1.5 Mitsubishi Electric Corporation
7.1.6 Colorjet Group
7.1.7 Sawgrass Technologies Inc.
7.1.8 HP Development Company LP
7.1.9 Gandy Digital Ltd
7.1.10 Klieverik Heli BV
7.1.11 Mutoh Europe NV
7.1.12 Dai Nippon Printing Co. Ltd
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Dye Sublimation Printing Industry Segmentation
Dye sublimation printing, or digital sublimation printing, is a digital print method where the ink is heated up and pressed onto a substrate by undergoing a sublimation process. The solid ink is converted into a gaseous state without becoming a liquid. The process involves a dye sublimation printer, ink, dye sublimation paper, and a heat press. Dye sublimation printing is gaining popularity due to its versatility. The ability of dye sublimation printing to create more durable images makes it ideal for printing indoor and outdoor promotional and other products.
The dye sublimation printing market is segmented by application (garments, technical textiles, household, visual communication, and rigids) and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market forecasts and size in value (USD) for all the above segments.
| By Application | |
| Garments | |
| Technical Textiles | |
| Household | |
| Visual Communication | |
| Rigids |
| By Geography*** | |||
| North America | |||
| Europe | |||
| |||
| Latin America | |||
| Middle East and Africa |
Dye Sublimation Printing Market Research FAQs
How big is the Dye Sublimation Printing Market?
The Dye Sublimation Printing Market size is expected to reach USD 15.97 billion in 2024 and grow at a CAGR of 10.44% to reach USD 26.23 billion by 2029.
What is the current Dye Sublimation Printing Market size?
In 2024, the Dye Sublimation Printing Market size is expected to reach USD 15.97 billion.
Who are the key players in Dye Sublimation Printing Market?
Seiko Epson Corporation, Roland DGA Corporation, Agfa-Gevaert Group, Mimaki Engineering Co. Ltd. and Mitsubishi Electric Corporation are the major companies operating in the Dye Sublimation Printing Market.
Which is the fastest growing region in Dye Sublimation Printing Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dye Sublimation Printing Market?
In 2024, the North America accounts for the largest market share in Dye Sublimation Printing Market.
What years does this Dye Sublimation Printing Market cover, and what was the market size in 2023?
In 2023, the Dye Sublimation Printing Market size was estimated at USD 14.30 billion. The report covers the Dye Sublimation Printing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dye Sublimation Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dye Sublimation Printing Industry Report
Statistics for the 2024 Dye Sublimation Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dye Sublimation Printing analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
