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DUBAI / Emirates Business
The digital textile printing industry will touch AED20 billion by 2023 with a compounded annual growth rate (CAGR) of 11.6 percent, according to a report by Smithers Pira.
Players within the industry in the GCC can capitalise on the market growth triggered by the e-commerce industry and the exponential demand by the millennials and the rising
GenZ population. Due to the growing social media revolution every individual is currently looking at wearing something new in each of their individual social posts.
SGI Dubai 2020 — the largest exhibition for signage, digital signage, retail signage solutions, outdoor media, screen and digital printing industry in the Mena region — aims to bridge this gap by attracting several leading brands from across the globe to cater to this burgeoning demand in the Middle East and Africa region.
“Digital textile printing industry is a huge untapped market for the GCC players and it’s the right time for them to grab these opportunities. They will also need to innovative and have state-of-the-art equipment to cater to these demands. Currently, textile printing is a mature global market, but as per reports
digital textile printing still forms less than 5-7 percent of this global industry, so there is a huge window of opportunites awaiting the equipment manufacturers,†stated Sharif Rahman, CEO, International Expo Consults.