This report provides exclusive insights into the COVID-19 impact on the Photo Printing and Merchandise Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Photo Printing and Merchandise Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Photo Printing and Merchandise Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on photo printing and merchandise market provides in-depth analysis of segments and sub-segments in the global as well as regional photo printing and merchandise market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional photo printing and merchandise market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global photo printing and merchandise market. According to the report, the global photo printing and merchandise market are projected to grow at a CAGR of 7.2% over the forecast period of 2019-2025.
Growing usage of smartphones and ease that it provides in taking pictures, photo storage, and sharing is one of the major factors that are driving the growth of photo printing and merchandise market. Advanced printing technologies and a rise in demand for printing in packaging, merchandise printing are also some of the positive factors that are propelling the demands of the photo printing and merchandise market. Furthermore, lenticular printing is gaining importance in the gift accessories segment. This growing demand is also boosting the growth of the global photo printing and merchandise market. The rise in customer awareness about products and services also plays a key in the growth of the market. However, the low life span of products may hamper the growth of the photo printing and merchandise market. Moreover, innovations in photo printing and merchandise create an opportunity for the growth of the market in the next few years.
Based on the region, the photo printing and merchandise market are categorized into North America, Europe, Asia Pacific, and the Rest of the world. Among all, North America is leading the global photo printing and merchandise market due to the rapid and early adoption of photo printing and merchandise devices as well as the emergence of advanced devices. Europe is expected to be the key regional market for photo printing and merchandise over the forecast period. Meanwhile, Asia Pacific is expected to grow at a beneficial rate during the forecast period. China and other developing Asian economies are expected to witness major growth opportunities in the near future. This growth is mainly due to the flourishing e-commerce sector in the region. Furthermore, increasing usage of smartphones growing the popularity of smartphone applications for capturing and sharing photos are some of the other key factors that help in the growth of the market. Besides, improving broadband infrastructure and wireless connectivity networks will fuel the growth of the market in the next few years.
The report on global photo printing and merchandise market covers segments such as product, device, and distribution channel. On the basis of product, the sub-markets include photos only, wall decor, photo cards, calendars, and photo gifts. On the basis of device, the sub-markets include desktop, and mobile. On the basis of distribution channel, the sub-markets include online, and retail.
The report provides profiles of the companies in the market such as Snapfish, Cimpress N.V., Bay Photo Lab, Shutterfly, Inc., American Greetings, CafePress, Inc., Hallmark Cards, Inc., Hewlett-Packard Company, CVS Pharmacy, and Walmart Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of photo printing and merchandise market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.