Photo printing and merchandise market to grow by USD 7.41 billion from 2023 to 2028; the market is fragmented due to the presence of prominent companies like Amazon.com Inc., American Greetings Corp., and Card Factory Plc many more- Technavio

NEW YORK , Dec. 7, 2023 /PRNewswire/ -- The photo printing and merchandise market is estimated to grow by USD 7.41 billion from 2023 to 2028, growing at a CAGR of 5.63%. The photo printing and merchandise market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer photo printing and merchandise market are 1-800-FLOWERS.COM, Amazon.com Inc., American Greetings Corp., Card Factory Plc, Cimpress Plc, Circle Graphics Inc., District Photo Inc., Eastman Kodak Co., ezprints Inc., Ifolor AG, Minted LLC, Nations Photo Lab, Perion Network Ltd., Prodigi Group Ltd., RPI Print Inc., Shutterfly Inc., Tesco Plc, Walgreens Boots Alliance Inc., Walmart Inc., and Zazzle Inc..

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Company Offering:

• Amazon.com Inc.: The company offers high quality custom prints with accurate color representation in glossy, matte, luster, and pearl finish.
• American Greetings Corp: The company offers a wide range of photo printing options and merchandise such as digital greetings, printable greeting cards, boxed cards, and card bundles.
• Card Factory Plc: The company offers photo printing options and merchandise products such as photo print personalized cards and wall art.
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By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America is estimated to contribute 38% to the growth of the global market during the forecast period. The US and Canada are significant revenue contributors to the regional market. The growth of the gifting culture drives the growth of the market in the region. Furthermore, rising Internet connectivity is driving the demand for online photo printing services in North America. 

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• Impactful driver- Rise in gifting culture
• Key Trend - Growing prominence of print-on-demand services
• Major Challenges - The negative effects of digitalization

 Market Segmentation

• By Distribution Channel, the market is classified into online, retail, and kiosk. The online segment is estimated to witness significant growth during the forecast period. The online segment offers customers an opportunity to select from a wide range of options. The convenience that online photo printing and merchandise players provide with product customization will drive the growth of the market. 

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Related Reports:

The photo printing market size is estimated to grow at a CAGR of 14.68% between 2023 and 2028. The market size is forecast to increase by USD 26,010.12 million. 
The digital printing and dyeing machines market size is estimated to grow at a CAGR of 8.98% between 2022 and 2027. The market size is forecast to increase by USD 8.30 billion. 

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Device

8 Market Segmentation by Product

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Company Landscape

13 Company Analysis

14 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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