​Forecasting Firm Smithers Pira Predicts Strong Growth for Digital Textiles Segment

Worldwide supply chain and forecasting conglomerate Smithers Pira has come out with a bold prediction for the digital textiles industry; it has valued the current market share at approximately $1.2 billion in 2016 and predicted a year-by-year growth rate of 12 percent by 2021. This prediction, if it bears out, would have the digital textile market doubling in value over the next five years. Others, by including digitally printed fabric for home decorating and clothing, have suggested even higher growth curves.