Photo Printing Market to hit US$ 27,335.3 Mn, Globally, by 2027 at 8.3% CAGR: The Insight Partners

According to our latest market study on “Photo Printing Market to 2027 - COVID-19 Impact and Global Analysis by Product Type (Prints, Wall Art, Cards, Photo Gifts, Photo Books, Calendar, and Others) Type (Film and Offset Printing, and Digital Printing); Distribution Channel (Retail, Online, and Instant Kiosk); and Geography,” the market was valued at US$ 14,769.9million in 2019 and is projected to reach US$ 27,335.3million by 2027; it is expected to grow at a CAGR of 8.3% from 2020 to 2027.

Photo printing involves the use of paper, cards, cardboards, and articles. The growing use of smartphones, tablets, and digital cameras is leading to high-quality photo-capturing capabilities, which drives the growth of the photo printing market. Increasing demand for photo printing for decorative purposes is also influencing the growth of the market. Factors such as the growing adoption of photo printing products and services, and increasing inclination toward variable data printing and customization are fuelling the growth of the photo printing market. The development of advanced technologies in photo printing and the availability of instant printing technologies are also fueling the photo printing market growth.

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Photo Printing Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

Some of the companies competing in the Photo Printing Market are:
• Fujifilm Corporation
• Adorama Camera, Inc.
• Bay Photo Lab
• Digitalab Ltd.
• Nations Photo Lab
• Walgreens Co.
• Snapfish
• Mpix
• Shutterfly, Inc.
• Walmart Photo

The rising trend of `content sharing across social media platforms is indirectly affecting the growth of the photo printing market in this region. Moreover, the US and Canada report high purchase rate of mobile/portable photo printers for individual usage. Asia-Pacific is expected to be the fastest-growing market for photo printing during the forecast period on the back of the innovation in digital cameras by companies such as Sony Corporation and Panasonic Corporation, enabling consumers to directly print their photos on albums, merchandise, wall decor, mugs, cards, and gifts.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Photo Printing Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Photo Printing Market is analysed and depicted in the report.

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The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Photo Printing market. The researcher provides an extensive analysis of the Photo Printing market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

The report segments the global photo printing market as follows:

Global Photo Printing Market – By Product Type
• Prints
• Wall Art
• Cards
• Photo Gifts
• Photo Books
• Calendars
• Others

Global Photo Printing Market – By Type
• Film and Offset Printing
• Digital Printing

Global Photo Printing Market – By Distribution Channel
• Retail
• Online
• Instant Kiosk

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