The advantages of digital printing are gradually emerging

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Author : Edward
Update time : 2022-05-16 15:09:02

Digital printing industry in line with consumer trends, technological progress is expected to achieve large-scale production

  The printing and dyeing industry is an important part of the textile industry chain. As a new printing method, digital inkjet printing fits the current personalized fashion and fast-changing consumption trends, and adapts to the transformation from traditional business models to "small batches, personalized The transformation of the new business model of "chemical, rapid response" has become one of the fastest-growing areas in the printing and dyeing industry in recent years.

  The development of digital printing technology has gone through four stages: technical exploration, sample customization, small batch production, and mass production. In the past 10 years, digital printing technology has continued to develop, and new equipment has been launched in an average of 2-3 years, which has improved to varying degrees in terms of speed, accuracy, and stability.

Penetration remains low, potential space is vast

  ①The global textile digital inkjet printing output has increased from 1.2 billion meters in 2014 to 4.3 billion meters in 2019, with an average growth rate of 29%. The replacement rate of traditional printing processes has increased from 2.2% to 7.8%. Digital printing processes have been replaced The increase in the rate will drive the continuous and rapid growth of the company's digital printing equipment and supporting ink products.

  ②In 2018 and 2019, my country's digital inkjet printing output was about 1.5 billion meters and 1.9 billion meters, accounting for 9% and 11% of the total printed cloth. According to a report released by the China Printing and Dyeing Industry Association, it is expected that by 2025, the domestic digital inkjet printing output will reach about 4.7 billion meters, accounting for about 29% of the total domestic printing volume. The global digital inkjet printing output will reach 15 billion meters, accounting for A total proportion is about 27%.

  ③According to estimates, the global digital inkjet printing equipment market size, and digital inkjet market scale will increase from 8 billion yuan/5.3 billion yuan in 2020 to 26.5 billion yuan/8.9 billion yuan in 2025, and the potential market space is huge.

Industry leaders are expected to fully benefit

  ① With the continuous advancement of digital inkjet printing technology and the continuous release of quality and differentiated consumer demand, digital inkjet printing equipment has entered a peak period of upgrading. The core components of digital spray equipment are nozzles, boards, and precision components of nozzles. The unit value of nozzles is high, and the number of single-machine configurations is large, accounting for about 40% of the cost. China has a large demand for print heads. Only in the field of textile digital inkjet printing, the annual demand for print heads is 60,000 to 70,000, which are basically imported from several major foreign brands.

  ②Printing ink, as a necessary consumable for digital inkjet printing, has high requirements in terms of colorfastness, coloring rate, and compatibility with print heads. Driven by the downstream market, in 2020, the consumption of digital inkjet printing ink in China has achieved a small increase, reaching about 21,600 tons.

  As the cost of digital printing equipment and ink continues to decline, the increase in the replacement rate of digital printing is expected to gradually accelerate, and domestic equipment and ink manufacturers have a cost-effective advantage compared to overseas, and leading companies in the industry have huge growth space.

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