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Dye Sublimation Paper Market is Estimated to Witness High Growth Owing to Opportunity in Growing Textile and Apparel Industry

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Mia Yates
Dye Sublimation Paper Market is Estimated to Witness High Growth Owing to Opportunity in Growing Textile and Apparel Industry

Dye sublimation paper is widely used in the textile and apparel industry as inkjet printer paper for the transfer of images and designs onto fabrics like polyester. The growing textile and apparel industry has greatly increased the demand for dye sublimation paper. The paper allows permanent transfer of vibrant images without affecting the quality and feel of the fabric. With new digital printing technologies emerging, more businesses are adopting dye sublimation for application on a wide range of materials like plastics, wood, and ceramics as well.


The global Dye Sublimation Paper Market is estimated to be valued at US$ 589.79 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030

, as highlighted in a new report published by Coherent Market Insights.


Market Opportunity:

The growing textile and apparel industry provides huge growth opportunities for the dye sublimation paper market. There is a rising demand for customized apparel with innovative designs from consumers. Dye sublimation technology enables printing of small batches of customized garments and other textile products economically. As more apparel manufacturers adopt digital printing, the demand for dye sublimation paper will continue to surge. The opportunity to replace analog printing with eco-friendly dye sublimation will further drive the uptake of this technology in the textile industry.


Porter's Analysis


Threat of new entrants: Low as there are huge capital requirements to set up manufacturing units and compete with existing large players.

Bargaining power of buyers: High as there are many established players in the market supplying quality dye sublimation paper.

Bargaining power of suppliers: Moderate as large players contract reputed suppliers for raw materials on long term contracts.

Threat of new substitutes: Low as dye sublimation provides good quality prints on various substrates without using liquids making it preferable over other printing technologies.

Competitive rivalry: Intense as the market is dominated by large multinational corporations differentiating their products on the basis of applications, color fastness and durability.


SWOT Analysis


Strengths: Quality product and diverse applications. Established brand names and distribution networks.

Weaknesses: High capital costs and technical processing requirements. Threat from low cost alternatives in certain applications.

Opportunities: Growth in textile and soft signage printing industries. Emerging markets offer good potential.

Threats: Volatility in raw material prices and regulations around substrate usage. Competition from digital printing technologies.


Key Takeaways


The Global Dye Sublimation Paper Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Dye Sublimation Paper Market is estimated to be valued at US$ 589.79 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.


Regional analysis

The Asia Pacific region holds the major share in the global dye sublimation paper market mainly due to the presence of multiple dye sublimation paper manufacturers along with rapidly growing end use industries such as textile and soft signage printing especially in China, India, Japan and South Korea. The share of Asia Pacific is estimated to increase further over the forecast period owing to increasing infrastructural developments & industrialization along with rising disposable income in developing Asian countries.


Key players

Key players operating in the dye sublimation paper market are Aalto Bio Reagents, Fapon Biotech, Fujirebio, Merck KgaA, F. Hoffmann-La Roche, and Thermo Fisher Scientific, among others.

For More Insights, Read: https://www.newswirestats.com/dye-sublimation-paper-market-demand-growth-and-regional-outlook-by-2030/

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