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With its new $25 million ink factory in place, the company’s target of $1 billion in hardware, software and ink sales by 2026 is coming into view.
March 31, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
The digital textile printing market is ripe for growth. Estimates place the size of the market in the neighborhood for $2 billion, which is a lot until you consider that the overall textile printing market is thought to be around $150 billion. However, digital textile printing is growing fast, and the COVID-19 pandemic is showing the benefits of just-in-time printing and personalization. Kornit Digital is one of the leading innovators in the digital textile space, having developed cutting-edge printers and inks. Recently, Kornit has been active in acquiring new technologies, including additive manufacturing specialist Voxel8 and textile curing leader Tesoma. Equally significant, Kornit recently opened its new $25 million state-of-the-art ink manufacturing facility in Kiryat Gat, Israel. Kornit has come a long way since it opened its doors in 2003. Ronen Samuel, Kornit Digital’s CEO, has targeted $1 billion in sales as Kornit’s revenue goal by 2026. The pieces are in place, and it all comes down to digital textile segment.
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