DUBLIN–(BUSINESS WIRE)–Sep 5, 2022–
The global photo printing and merchandise market reached a value of US$ 19 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 26.3 Billion by 2027, exhibiting a CAGR of 5.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Rapid urbanization across the globe, especially in developing economies, represents one of the key factors driving the growth of the market. Furthermore, widespread utilization of smartphones and tablets to click and process high-resolution images in place of professional cameras is driving the market growth.
These portable devices offer enhanced flexibility and customizability to the photo editors and merchandise vendors, thereby enabling them to provide innovative printing and merchandise solutions to the consumers. In line with this, the increasing preference among millennials and enterprises for personalized and corporate gifting has enhanced the demand for photo printing and merchandise.
Additionally, various technological advancements, such as the development of lenticular printing for high-definition prints, are acting as other growth-inducing factors. It is widely used for creating 3D prints with an illusion of depth on the merchandise. Other factors, including increasing consumer expenditure capacities, along with the proliferation of social media platforms and e-commerce retail channels, are anticipated to drive the market further.
The publisher provides an analysis of the key trends in each sub-segment of the global photo printing and merchandise market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, printing type, device used and distribution channel.
- Prints
- Wall Arts
- Cards
- Photo Gifts
- Photo Books
- Calendars
- Others
Breakup by Printing Type:
- Digital Printing
- Film Printing
Breakup by Distribution Channel:
- Instant Kiosk
- Online Stores
- Retail Stores
- Others
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in this Report:
- How has the global photo printing and merchandise market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global photo printing and merchandise market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the printing type?
- What is the breakup of the market based on the device used?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global photo printing and merchandise market and who are the key players?
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Source: https://www.galvnews.com/news_ap/business/article_9b97d359-2580-592c-b680-64a28a722cc1.html