
Global Photo Printing Market (by Type, Product, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)
Description
Global Photo Printing Market (by Type, Product, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)
Market Insight:
Photo (Photographic) printing refers to the process of reproducing a finished photo on either paper or other media for viewing. Photo printing employs various techniques to transfer photos to paper, which is typically inkjet or thermoplastic.
One of the major drivers in the photo printing industry is the constant increase in the number of photos taken around the world, particularly with smartphones. Additionally, buyers are increasingly interested in personalized gifting items. This has paved the way for photo products such as photo mugs, photo puzzles, photo clocks, and so on. Furthermore, the insatiable desire for a tangible object would boost the photo printing market because social networks are immaterial, and their emotional impact can be lower than that of a printed photo. The global photo printing market is projected to reach US$21.67 billion in 2023, growing at a CAGR of 6.14% over the projected period.
Segment Covered:
- By Type: In terms of type, the report offers insights of the global photo printing market into two segments: digital photo printing and film photo printing. The digital photo printing segment held the largest share in the market. Digital printing methods are designed to provide cost-effective, accurate, and short-run color printing within short time frame. The digital printing industry is expected to witness growth during the forecast period, owing to rapid adoption of laser and inkjet printing solution across packaging and paper sector due to flexible and cost-efficient feature.
- By Product: The report further provides the segmentation of the market on the basis of product: photo books, photo prints, photo albums, mugs, calendars, photo gifts, wall art, gift cards and others. The photo books held the highest share in the market, followed by photo prints. The demand for photo books is driven by various factors such as increase in the use of mobile devices for creating and ordering photo books. Additionally, there has been a rise in the popularity of personalized and custom photo books, as well as an increase in the use of advanced printing techniques such as lay-flat binding and foil stamping.
According to this report, the global photo printing market can be divided into four regions namely Asia Pacific, North America, Europe, Latin America and Middle East & Africa. The countries covered in North America region are the US, Mexico, and Canada, while Europe includes UK, Germany, France, Italy, Spain and Rest of Europe. Moreover, China, Japan, India, South Korea and Rest of Asia Pacific are included in the Asia Pacific region.
North America dominated the market, owing to the factors such as growing adoption of photo printing products and services, and increasing inclination towards variable data print and customization. The development of advanced technology in photo printing and the availability of instant printing is also positively impacting the growth of the photo printing market. Innovative printing technologies and increasing demand for printing in packaging are expected to fuel the growth of the photo printing market in the region. Furthermore, European countries such as Germany, Italy , France, and the UK are experiencing high growth in the photo printing market owing to increasing investments and developments in printing technologies. Germany is dominating the market in Europe region due to rising growth in population that utilizes photo printing for printing of invitation cards and photo books in various occasions.
Top Impacting Factors:
Growth Drivers
- Increasing Number Of Photos Taken
- Shift Towards The Mobile-to-print Channel
- Expanding Personalized Gift Market
- Growing Demand For 3D Images
- High Cost Of Dye-sub Printing
- Declining Roll Film Market
- Proliferation of Social Media
- Growing Focus On Photo Printing Kiosk
- Increasing Emphasis Of E-commerce Companies On Online Photo Printing Services
- AI Based Photo Books
- Driver: Increasing Number Of Photos Taken
- Challenge: High Cost Of Dye-sub Printing
- Trend: Growing Focus On Photo Printing Kiosk
The COVID-19 Analysis:
The sudden global lockdown due to COVID 19 in the first quarter of 2020 caused irreparable losses for many printing companies. The printing sector did not grew smoothly throughout the quarantine, as this growth was unevenly distributed. Some companies printed more than usual, while others ceased to order print at all. In light of the quarantine, many companies switched to home offices, which further accelerated the trend toward going paperless from a business perspective (there were significantly fewer orders for envelopes, business cards, letterheads, binders, etc.). Since people had to stay home, they looked for distractions and spent money online.
Analysis of Key Players:
Photo printing market is fragmented market. Mobile-to-print companies have been able to outpace the market growth rate over the past few years (high single-digit or double-digit growth), while website players have suffered (low single-digit growth). The key players in the global photo printing market are:
- Walmart Inc. (Walmart Photo)
- Shutterfly, LLC
- Digitalab
- Fujifilm Corporation
- Circle Graphics, Inc.
- Cimpress plc
- Photobox
- Printique (Adorama)
- Picanova Group
- Cewe, Claranova S.E.
- Moonpig Group plc
Table of Contents
142 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1 Photo printing: An Overview
- 2.1.1 Definition of Photo printing
- Table 1: Applications of Photo Printing
- 2.2 Photo printing Segmentation: An Overview
- 2.2.1 Photo printing Segmentation
- Table 2: Photo Printing Segmentation
- 3. Global Market Analysis
- 3.1 Global Photo Printing Market: An Analysis
- 3.1.1 Global Photo Printing Market: An Overview
- 3.1.2 Global Photo Printing Market by Value
- Table 3: Global Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 4: Global Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 3.1.3 Global Photo Printing Market by Type (Digital Printing And Film Printing)
- Table 5: Global Photo Printing Market by Type; 2022 (Percentage, %)
- 3.1.4 Global Photo Printing Market by Product (Photo Books, Photo Prints, Photo Albums, Photo Mugs, Photo Calendars, Photo Gifts, Wall Art, Gift Cards And Others)
- Table 6: Global Photo Printing Market by Product; 2022 (Percentage, %)
- 3.1.5 Global Photo Printing Market by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa)
- Table 7: Global Photo Printing Market by Region; 2022 (Percentage, %)
- 3.2 Global Photo Printing Market: Type Analysis
- 3.2.1 Global Photo Printing Market by Type: An Overview
- 3.2.2 Global Digital Photo Printing Market by Value
- Table 8: Global Digital Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 9: Global Digital Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 3.2.3 Global Film Photo Printing Market by Value
- Table 10: Global Film Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 11: Global Film Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 3.3 Global Photo Printing Market: Product Analysis
- 3.3.1 Global Photo Printing Market By Product: An Overview
- 3.3.2 Global Photo Book Market By Value
- Table 12: Global Photo Book Market By Value; 2018-2022 (US$ Billion)
- Table 13: Global Photo Book Market By Value; 2023-2028 (US$ Billion)
- 3.3.3 Global Photo Print Market By Value
- Table 14: Global Photo Print Market By Value; 2018-2022 (US$ Billion)
- Table 15: Global Photo Print Market By Value; 2023-2028 (US$ Billion)
- 3.3.4 Global Photo Album Market By Value
- Table 16: Global Photo Album Market By Value; 2018-2022 (US$ Billion)
- Table 17: Global Photo Album Market By Value; 2023-2028 (US$ Billion)
- 3.3.5 Global Photo Mug Market By Value
- Table 18: Global Photo Mug Market By Value; 2018-2022 (US$ Billion)
- Table 19: Global Photo Mug Market By Value; 2023-2028 (US$ Billion)
- 3.3.6 Global Photo Calendar Market By Value
- Table 20: Global Photo Calendar Market By Value; 2018-2022 (US$ Billion)
- Table 21: Global Photo Calendar Market By Value; 2023-2028 (US$ Billion)
- 3.3.7 Global Photo Gifts Market By Value
- Table 22: Global Photo Gifts Market By Value; 2018-2022 (US$ Billion)
- Table 23: Global Photo Gifts Market By Value; 2023-2028 (US$ Billion)
- 3.3.8 Global Wall Art Market By Value
- Table 24: Global Wall Art Market By Value; 2018-2022 (US$ Million)
- Table 25: Global Wall Art Market By Value; 2023-2028 (US$ Billion)
- 3.3.9 Global Gift Card Market By Value
- Table 26: Global Gift Card Market By Value; 2018-2022 (US$ Million)
- Table 27: Global Gift Card Market By Value; 2023-2028 (US$ Million)
- 3.3.10 Global Other Photo Printing Market By Value
- Table 28: Global Other Photo Printing Market By Value; 2018-2022 (US$ Million)
- Table 29: Global Other Photo Printing Market By Value; 2023-2028 (US$ Million)
- 4. Regional Market Analysis
- 4.1 North America Photo Printing Market: An Analysis
- 4.1.1 North America Photo Printing Market: An Overview
- 4.1.2 North America Photo Printing Market by Value
- Table 30: North America Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 31: North America Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.1.3 North America Photo Printing Market by Region (The US, Mexico, and Canada)
- Table 32: North America Photo Printing Market by Region; 2022 (Percentage, %)
- 4.1.4 The US Photo Printing Market by Value
- Table 33: The US Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 34: The US Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.1.5 Canada Photo Printing Market by Value
- Table 35: Canada Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 36: Canada Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.1.6 Mexico Photo Printing Market by Value
- Table 37: Mexico Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 38: Mexico Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.2 Europe Photo Printing Market: An Analysis
- 4.2.1 Europe Photo Printing Market: An Overview
- 4.2.2 Europe Photo Printing Market by Value
- Table 39: Europe Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 40: Europe Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.2.3 Europe Photo Printing Market by Region (UK, Germany, France, Italy, Spain and Rest of Europe)
- Table 41: Europe Photo Printing Market by Region; 2022 (Percentage, %)
- 4.2.4 Germany Photo Printing Market by Value
- Table 42: Germany Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 43: Germany Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.2.5 United Kingdom Photo Printing Market by Value
- Table 44: United Kingdom Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 45: United Kingdom Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.2.6 Italy Photo Printing Market by Value
- Table 46: Italy Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 47: Italy Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.2.7 France Photo Printing Market by Value
- Table 48: France Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 49: France Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.2.8 Spain Photo Printing Market by Value
- Table 50: Spain Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 51: Spain Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.2.9 Rest of Europe Photo Printing Market by Value
- Table 52: Rest of Europe Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 53: Rest of Europe Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.3 Asia Pacific Photo Printing Market: An Analysis
- 4.3.1 Asia Pacific Photo Printing Market: An Overview
- 4.3.2 Asia Pacific Photo Printing Market by Value
- Table 54: Asia Pacific Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 55: Asia Pacific Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.3.3 Asia Pacific Photo Printing Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
- Table 56: Asia Pacific Photo Printing Market by Region; 2022 (Percentage, %)
- 4.3.4 China Photo Printing Market by Value
- Table 57: China Photo Printing Market by Value, 2018-2022 (US$ Billion)
- Table 58: China Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.3.5 Japan Photo Printing Market by Value
- Table 59: Japan Photo Printing Market by Value, 2018-2022 (US$ Billion)
- Table 60: Japan Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.3.6 India Photo Printing Market by Value
- Table 61: India Photo Printing Market by Value, 2018-2022 (US$ Million)
- Table 62: India Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.3.7 South Korea Photo Printing Market by Value
- Table 63: South Korea Photo Printing Market by Value, 2018-2022 (US$ Million)
- Table 64: South Korea Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.3.8 Rest of Asia Pacific Photo Printing Market by Value
- Table 65: Rest of Asia Pacific Photo Printing Market by Value, 2018-2022 (US$ Million)
- Table 66: Rest of Asia Pacific Photo Printing Market by Value; 2023-2028 (US$ Million)
- 4.4 Latin America Photo Printing Market: An Analysis
- 4.4.1 Latin America Photo Printing Market: An Overview
- 4.4.2 Latin America Photo Printing Market by Value
- Table 67: Latin America Photo Printing Market by Value; 2018-2022 (US$ Billion)
- Table 68: Latin America Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 4.5 Middle East & Africa Photo Printing Market: An Analysis
- 4.5.1 Middle East & Africa Photo Printing Market: An Overview
- 4.5.2 Middle East & Africa Photo Printing Market by Value
- Table 69: Middle East & Africa Photo Printing Market by Value; 2018-2022 (US$ Million)
- Table 70: Middle East & Africa Photo Printing Market by Value; 2023-2028 (US$ Billion)
- 5. Impact of COVID-19
- 5.1 Impact of COVID-19
- 5.1.1 Impact of COVID-19 on Photo Printing Market
- 5.1.2 Post COVID-19 Impact on Photo Printing Market
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Increasing Number Of Photos Taken
- Table 71: Global Number Of Photos Taken; 2020-2023 (Trillion)
- 6.1.2 Shift Towards The Mobile-to-print Channel
- Table 72: Global Photos Taken By Device; 2021-2023 (Percentage, %)
- 6.1.3 Expanding Personalized Gift Market
- Table 73: Global Personalized Gifts Market; 2021-2026 (US$ Billion)
- 6.1.4 Growing Demand For 3D Images
- Table 74: Global 3D Printing Products And Services Market; 2020-2026 (US$ Billion)
- 6.1.5 Growing Consumer Income
- Table 75: Global GNI per capita; 2017-2021 (US$ Million)
- 6.2 Challenges
- 6.2.1 High Cost Of Dye-sub Printing
- 6.2.2 Declining Roll Film Market
- 6.3 Market Trends
- 6.3.1 Proliferation of Social Media
- Table 76: Global Social Media Users; October 2020-October 2022 (Billion)
- 6.3.2 Growing Focus On Photo Printing Kiosk
- 6.3.3 Increasing Emphasis Of E-commerce Companies On Online Photo Printing Services
- 6.3.4 AI Based Photo Books
- 6.3.5 Metal Prints
- 7. Competitive Landscape
- 7.1 Global Photo Printing Market Players: Competitive Landscape
- 7.2 Global Photo Printing Market Players: Key Comparison
- Table 77: Global Photo Printing Market Players : Key Comparison; 2021
- 8. Company Profiles
- 8.1 Shutterfly, LLC
- 8.1.1 Business Overview
- 8.1.2 Business Strategy
- 8.2 Cimpress plc
- 8.2.1 Business Overview
- 8.2.2 Business Segments
- Table 78: Cimpress plc Total Revenue by Business Segments; 2022 (Percentage, %)
- 8.3 Walmart Inc. (Walmart Photo)
- 8.3.1 Business Overview
- 8.3.2 Business Segment
- Table 79: Walmart Inc. (Walmart Photo) Net Sales by Business Segment; 2022 (Percentage, %)
- 8.3.3 Business Strategy
- 8.4 Photobox (albelli-Photobox Group)
- 8.4.1 Business Overview
- 8.5 Printique (Adorama)
- 8.5.1 Business Overview
- 8.6 Digitalab
- 8.6.1 Business Overview
- 8.7 Circle Graphics, Inc. (Bay Photo)
- 8.7.1 Business Overview
- 8.8 Cewe
- 8.8.1 Business Overview
- 8.9 Claranova S.E.
- 8.9.1 Business Overview
- 8.9.2 Business Segments
- Table 80: Claranova S.E. Turnover by Business Segments; 2022 (Percentage, %)
- 8.9.3 Business Strategy
- 8.10 Moonpig Group plc
- 8.10.1 Business Overview
- 8.10.2 Business Segments
- Table 81: Moonpig Group plc Revenue by Business Segments; 2022 (Percentage, %)
- 8.10.3 Business Strategy
- 8.11 Picanova Group
- 8.11.1 Business Overview
- 8.11.2 Business Strategy
- 8.12 Fujifilm Corporation
- 8.12.1 Business Overview
- 8.12.2 Business Segments
- Table 82: Fujifilm Corporation Net Sales by Business Segments; 2021 (Percentage, %)
- 8.12.3 Business Strategy
Pricing
Currency Rates
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