Sunday, 7 August 2016

Global Photo Printing Market Growth and Trends Insights

Photo printing is a process of generating a final picture for viewing with the use of chemically sensitized paper. Growing preference towards online photo sharing coupled with rapid technological innovation to customize solutions to consumers & photographers is major growth drivers, which is expected to fuel demand for the photo printing market over the coming years. In addition, changing lifestyle and shifting preference for spending high on interiors are also expected to propel market growth for high-quality canvas & photo printing solutions. However, rising attraction towards smart devices such as smartphones, tablet PCs, social networking by digital content sharing can negatively impact this industry. On the other hand, growing number of image capturing by smartphones and the evolution of devices within image sharing and social networking platforms are expected to have a positive impact on the industry’s overall growth. Several retailers have adopted Wi-Fi enabled smartphones instant print kiosks as an effective marketing strategy, which in turn will drive the photo printing market in the near future.

The report "Global Photo Printing Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast" added by DecisionDatabases.com to its vast repository provides market insights, facts, historical data, and future projections of the industry.  This report provides information in terms of revenue and volume for the period 2015 to 2022. Drivers, restraints, and opportunities are intellectually assessed along with detailed profiles of the key industry players.

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The global photo printing market has been segmented based on types into film printing and digital printing. Furthermore, it is also been segmented based on distribution channel into the instant kiosk, retail, over-the-counter, online stores, and mail order. Retail and over-the-counter are major distribution channel photo printing segment and is expected to grow at a significant rate over the forecast period owing to the growing demand for instant photo printing along with the growing retail industry across the globe.

North America is a major market for photo printing and is anticipated to show a double-digit growth in the study period on account of growing adoption of a large volume of photo merchandise items such as photo books, photo cards & canvas prints in the region. Asia Pacific is a fastest growing market for photo printing and is expected to witness a significant growth over the coming years owing to the rapid technological advancements and expanding internet connectivity in the region. In matured markets like U.S., Europe, Japan and Asian countries, technological innovation is the key driver which can bring forward the demand for photo printing market over the forecast period.

The major industry players for photo printing include Snapfish, Prodpi, Bay photo, Adoramapix, and Digitalab.

In June 2016, FUJIFILM Corporation has announced the launch of the “instax SHARE Smartphone Printer SP-2,” a smartphone printer which can print high-quality instant photos from smartphones in just 10 seconds.

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In July 2016, LumeJet Print Technologies have launched their online printing service to offer a wide range of printing sizes as well premium quality photo books.

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