Dye Sublimation Paper Is Estimated To Witness High Growth
Market Overview:
Dye sublimation paper is a special thermal transfer paper used in dye sublimation printing. It is coated with a carrier material that holds dye sublimation ink particles instead of regular pigment-based inks. During the printing process, the ink is transferred onto the paper as a gas when heat and pressure are applied and bonds permanently with fabric. Dye sublimation paper is majorly used in textile printing to print digital images, designs, logos and graphics on apparel such as t-shirts, flags and banners.
Market Dynamics:
The growing textile industry and increasing demand for digital printed textiles is the primary factor driving the growth of the dye sublimation paper market. As per the data from World Trade Organization, global textile and clothing exports increased from US$ 642 billion in 2023 to US$ 762 billion in 2023.
Moreover, dye sublimation offers cost benefits over traditional textile printing methods as it reduces wastage and enables on-demand printing. This has boosted its adoption in the textile industry. Additionally, technological advancements such as wide format printers and increased printing speeds are also supporting the market growth. However, availability of substitute printing methods may hamper the market growth.
The global Dye Sublimation Paper Market Demand is estimated to be valued at US$ 589.79 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Dye sublimation paper has high durability, excellent image quality and versatility. It can be used to transfer images of various designs and colors onto different materials like polyester, cotton etc. Also, it has wide applications in textile printing, soft signage, interior décor and promotional gifts.
Weakness: High capital investment is required to set up printing facilities for dye sublimation paper. Also, the technology and processing requires technical know-how.
Opportunity: Growing promotional product and signage industry offers huge growth opportunities. Increasing consumer spending on personalized and customized products and gifts also presents new avenues.
Threats: Stiff competition from alternative printing technologies like photochromic, latex and UV printing poses threats. Fluctuation in raw material prices can impact the margins.
Key Takeaways:
The global dye sublimation paper market is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing demand for personalized and customized products.
Regional analysis: Asia Pacific dominates the global dye sublimation paper market and is expected to grow at the fastest rate during the forecast period. This can be attributed to rapid growth of textile, soft signage and promotional product industries in China, India and Southeast Asian countries.
Key players: Key players operating in the dye sublimation paper market are A Guangdong Guanhao High-Tech, Hansol Paper Co., Ltd., Sappi Group, Neenah Coldenhove, Ahlstrom-MunksjÃ, The Felix Schoeller Group, Beaver Paper & Graphic Media Inc., Jiangyin Allnice Digital Technology, Seiko Epson Corporation, B.N Papeis. These key players are focusing on new product launches and partnerships to expand their market share.
Read More: https://blogger-veritas.blogspot.com/2023/11/dye-sublimation-paper-market-is-fastest.html
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