Photo Printing and Merchandise Market Report 2022: Technological Advancements like Lenticular Printing Propelling Sector

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Thu, Sep 1, 2022, 2:08 AM 4 min read

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Global Photo Printing and Merchandise Market

Dublin, Sept. 01, 2022 (GLOBE NEWSWIRE) -- The "Photo Printing and Merchandise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

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.

Key Market Segmentation:

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.

Breakup by Product Type: