According to ResearchAndMarkets.com’s report “Textile Printing—Global Market Trajectory & Analytics,” amid the COVID-19 crisis and the looming economic recession, the textile printing market worldwide will grow by a projected 7.7 billion square meters, during the analysis period (2019–2027), driven by a revised compounded annual growth rate (CAGR) of 3.6%. Screen printing, one of the segments analyzed and sized in the study, is forecast to grow at over 2.8% and reach a market size of 31.1 billion square meters by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021–2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The screen printing market will be reset to a new normal which, going forwards in a post COVID-19 era, will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.3% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 176.2 million square meters to the region’s size over the next seven to eight years. In addition, over 194.4 million square meters worth of projected demand in the region will come from other European markets.
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