Photo Printing and Merchandise Market Size, Trends. Industry Statistics and Latest Insights 2023-2028
IMARC Group has recently released a new research study titled “Photo Printing and Merchandise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview:
The global photo printing and merchandise market size reached US$ 20.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.
Photo printing and merchandise refer to the creation of physical products that feature photographic images. This includes traditional photo prints, as well as a variety of other items like mugs, t-shirts, calendars, and photo books. The purpose can be either personal or commercial, serving as keepsakes, gifts, or marketing materials. In addition to this, users can upload their digital photos, select the type of product they want, and then have the finished item shipped to their location.
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Photo Printing and Merchandise Market Trends:
The widespread adoption of smartphones with high-quality cameras represents one of the key factors driving the growth of the market across the globe. This is leading to an explosion in digital photography which is boosting the demand for photo printing and customized merchandise. The rise in online shopping is facilitating the easy customization and purchase of photo merchandise, which is broadening the consumer base. The growing trend of personalized gifts and keepsakes is lending significant momentum to the market. Custom photo merchandise serves as a unique and sentimental gift option. The urge to physically preserve memories shared on social media platforms has encouraged people to opt for printed photos and merchandise.
Companies are offering a wide range of innovative products like 3D-printed photos, metal prints, and augmented reality-based merchandise, which appeals to diverse consumer preferences. The rising demand for photo merchandise often spikes during festivals, holidays, and special occasions like weddings and anniversaries, which provides a seasonal boost to the market. The trend toward using eco-friendly materials in photo printing is appealing to environmentally conscious consumers which is creating a positive outlook for the market across the globe.
Key Market Segmentation:
The report has segmented the global photo printing and merchandise market based on product type, printing type, device used, distribution channel and region.
Breakup by Product Type:
- Prints
- Wall Arts
- Cards
- Photo Gifts
- Photo Books
- Calendars
- Others
Breakup by Printing Type:
- Digital Printing
- Film Printing
Breakup by Device Used:
- Desktop
- Mobile
Breakup by Distribution Channel:
- Instant Kiosk
- Online Stores
- Retail Stores
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape With Key Players:
The competitive landscape of the photo printing and merchandise market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- American Greetings Corporation
- Bay Photo Inc. (Circle Graphics Inc.)
- Card Factory
- Cimpress NV
- Digitalab Ltd.
- Eastman Kodak Company
- Hallmark Cards Inc.
- Hewlett Packard Enterprise Development LP
- Shutterfly Inc.
- Walgreens Co. (Walgreens Boots Alliance Inc.)
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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