Photo Printing Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 23.99 Billion |
| Market Size (2029) | USD 29.64 Billion |
| CAGR (2024 - 2029) | 4.32 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Photo Printing Market Analysis
The Photo Printing Market size is estimated at USD 23.99 billion in 2024, and is expected to reach USD 29.64 billion by 2029, growing at a CAGR of 4.32% during the forecast period (2024-2029).
The surge in demand for photo printing is driven by the ascent of digital printing technology and the omnipresence of social media. As digital photography gains traction and online platforms become more convenient, consumers are moving away from traditional labs to embrace digital services. This transition is amplified by the ubiquitous use of smartphones, which sport high-quality cameras, fueling the rise of mobile photo printing. To meet this demand, many companies have rolled out mobile apps, enabling users to effortlessly upload and order prints.
Furthermore, these services have smoothly integrated with platforms such as Instagram and Facebook, simplifying the photo printing process directly from users' social media accounts. This integration not only makes it easier to preserve digital memories but also boosts their shareability. Additionally, the convenience of accessing and printing photos from these popular social media platforms has significantly increased user engagement and satisfaction.
Photo Printing Market Trends
Growth in E-commerce Sector is Fueling the Photo Printing Market
Digital printing technology revolutionizes the printing industry, boasting advantages over traditional methods, especially in speed, efficiency, and customization. Digital printing allows consumers to easily print high-quality photographs from various digital devices such as smartphones, digital cameras, and computers. This convenience has increased demand for photo printing services in North America as more individuals seek to preserve and share their memories through tangible prints.
The surge in social media platforms and photo-centric apps has fueled the increasing demand for photo printing. Additionally, digital printing technology advancements have improved the print quality, color accuracy, and durability of printed photos. The photo printing market in North America has also witnessed the emergence of online printing services, providing convenient and affordable options for consumers.
Growth of Photo Printing Market in North America
The North American photo printing market has experienced consistent growth in recent years. The surge in mobile photography and the widespread sharing of images on social media are driving consumers to transform their digital snapshots into physical prints. This trend, along with the rising popularity of home and small office photo printers, as well as the increased use of photo kiosks and online printing services, is fueling the market's growth.
The United States dominates the region's photo printing landscape, accounting for over 80% of the revenue. Meanwhile, Canada, with its tech-savvy populace, is the second-largest market, witnessing a rising appetite for personalized photo merchandise. The industry is witnessing a surge in e-commerce and m-commerce platforms tailored for photo printing services. Moreover, there is a notable uptick in adopting large-format, high-quality photo printing for home decor and professional applications. Additionally, the sector is witnessing a trend toward integrating AI and machine learning to elevate photo editing and personalization capabilities.
Photo Printing Industry Overview
The photo printing market features a fragmented landscape characterized by numerous players. It is set for growth, propelled by the e-commerce boom, technological integration, and economic expansion. Key market players encompass Shutterfly, Snapfish, Nations Photo Lab, Bay Photo Lab, and Loxley Colour.
Photo Printing Market Leaders
-
Shutterfly
-
Snapfish
-
Nations Photo Lab
-
Bay Photo Lab
-
Loxley Colour
*Disclaimer: Major Players sorted in no particular order
Photo Printing Market News
- May 2024: HP Inc. (NYSE: HPQ) unveiled a strategic, multi-year global partnership with Canva, positioning itself as the world's sole comprehensive visual communication platform. The collaboration aims to equip millions of Canva users globally with the ability to effortlessly craft online designs, generate visual content, and facilitate local printing.
- September 2023: A new technological partnership was formed between Esko and Fiery, LLC, which aims to provide cutting-edge solutions that improve packaging procedures and digital print technologies.
Photo Printing Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Smartphone Adoption is Driving the Market
4.3 Market Restraints
4.3.1 Competition from Online Platforms and Mobile Apps is Restraining the Market
4.4 Market Opportunities
4.4.1 Partnerships with Professional Photographers is Creating an Opportunity
4.5 Value Chain / Supply Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Prints
5.1.2 Wall Art
5.1.3 Cards
5.1.4 Photo Gifts
5.1.5 Photo Books
5.1.6 Calendars
5.1.7 Other Product Types
5.2 By Type
5.2.1 Film and Offset Printing
5.2.2 Digital Printing
5.3 By Distribution Channel
5.3.1 Retail
5.3.2 Online
5.3.3 Instant Kiosk
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 Shutterfly
6.2.2 Snapfish
6.2.3 Nations Photo Lab
6.2.4 Loxley Colour
6.2.5 Bay Photo Lab
6.2.6 WhiteWall
6.2.7 Mpix
6.2.8 Vistaprint
6.2.9 AdoramaPix
6.2.10 Zazzle*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Photo Printing Industry Segmentation
Photographic printing uses chemically sensitized paper to create a final picture that can be viewed on paper. This report offers an in-depth analysis of the photo printing market, delving into market dynamics and emerging trends across segments and regions and providing insights. It also analyses the key players and the competitive landscape. The photo printing market is segmented by product type, which includes prints, wall art, cards, photo gifts, photo books, calendars, and other product types. By type includes film and offset printing and digital printing; by distribution channel includes retail, online, and instant kiosk. By geography includes Asia-Pacific, Europe, North America, South America, and the Middle East and Africa. The report offers market size and forecasts for the photo printing market in terms of revenue (USD) for all the above segments.
| By Product Type | |
| Prints | |
| Wall Art | |
| Cards | |
| Photo Gifts | |
| Photo Books | |
| Calendars | |
| Other Product Types |
| By Type | |
| Film and Offset Printing | |
| Digital Printing |
| By Distribution Channel | |
| Retail | |
| Online | |
| Instant Kiosk |
| By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Photo Printing Market Research FAQs
How big is the Photo Printing Market?
The Photo Printing Market size is expected to reach USD 23.99 billion in 2024 and grow at a CAGR of 4.32% to reach USD 29.64 billion by 2029.
What is the current Photo Printing Market size?
In 2024, the Photo Printing Market size is expected to reach USD 23.99 billion.
Who are the key players in Photo Printing Market?
Shutterfly, Snapfish, Nations Photo Lab, Bay Photo Lab and Loxley Colour are the major companies operating in the Photo Printing Market.
Which is the fastest growing region in Photo Printing Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Photo Printing Market?
In 2024, the Asia Pacific accounts for the largest market share in Photo Printing Market.
What years does this Photo Printing Market cover, and what was the market size in 2023?
In 2023, the Photo Printing Market size was estimated at USD 22.95 billion. The report covers the Photo Printing Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Photo Printing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Photo Printing Industry Report
Statistics for the 2024 Photo Printing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Photo Printing analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
