Some of the players operating in the Photo Printing Products market are Shutterfly, Inc., Peak Imaging, Snapfish, Mpix amongst others
PUNE, India, Feb. 10, 2020 /PRNewswire/ — The photo printing products market is expected to gain significant lift with the growing need among the consumer goods sector that depends heavily on consumer behavior. The era of digitization has been playing a key role in influencing the consumer demands. Digitization has influenced the consumer lifestyle in urban as well as rural areas. Consumers are preferring more lavished lifestyle, which includes their own memories of the products used in their houses. Easy availability of photo printing products in the global market has been a key driving factor for the global photo printed product market. Rising gift culture among the young generation in developed as well as developing countries is a key factor driving the growth of the global photo printing products market. A growing number of consumers are inclined towards gifting personalized goods. This has introduced the concept of personalized gifts into the global market. For instance, Snapfish offers cards, custom pillows, photo panels, magic mugs, phone cover, among others for various occasions such as wedding, Valentine’s Day, new baby, and other holidays.
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The photo printing hugely captures the advertising industry due to the market awareness that draws attention and holds interest among the individuals leads to conversion from consumers to customers. The print ads create brand recognition and encourage individuals to purchase products. The advertisement draws attention with having bright colors, big and bold text images to the individuals. The photo printing products is expected to boom by the growth in e-commerce sector. Consumers in the digital era are embracing shopping technologies. As the effectiveness of digital marketing continues to improve owing to the increasing use of smartphones and online shopping portals among millennials, consumers in various parts of the world are becoming aware of various photo printing products. Such a rising trend in the global e-commerce sector is anticipated to expand the consumer base exposed to photo printing products, in turn, creating many opportunities for the global photo printing products market. Further, companies in the retail sector are using social media and digital marketing to better connect with consumers. Further, companies are offering mobile coupons to consumers to improve sales and attract a new customer base.
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The detailed research study provides qualitative and quantitative analysis of photo printing products market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major regions across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Key Findings of the Report:
In terms of revenue, global photo printing products market is expected to reach US$ 28,337.83 Mn by 2027 owing to growing need among the consumer goods that depends heavily on consumer behavior. Increased consumer spending has been a key factor in influencing the consumer lifestyle in developing nations.
On the basis of product type, photo books segment is projected to hold the largest market size. Rising demand for premium photobooks, small children books, among others is attributable for the market. The demand for photo books has been further increased due to lower cost and easy availability of photobooks. The prints segment held the second largest share during the forecast period due to the demand for end products such as printing brochures, flyers, books, catalogs, etc. has been increasing due to increasing investment by small and medium companies on advertisement and marketing of products.
Some of the players operating in the Photo Printing Products market are Shutterfly, Inc., Peak Imaging, Snapfish, Mpix amongst others.
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Photo Printing Products Market:
By Product Type
Rest of North America
Rest of Europe
Rest of Southeast Asia
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East and Africa
Rest of Latin America
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SOURCE Absolute Markets Insights