Photo Printing Market 2020 | Key Growth Drivers, Understand…

(MENAFN- GetNews) Considering the debilitating impact of COVID-19 (Coronavirus) on the photo printing market, companies are vying for opportunities to stay afloat in the market landscape. Access our latest research insights on the COVID-19 associated with the Photographic Printing Market and understand how market players are adopting new strategies to mitigate the impact of the pandemic

The global photo printing market is expected to grow at a strong CAGR of 12.3% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global photo printing market was valued at USD 13.1 billion in 2017 and is expected to reach a valuation of USD 26.1 billion by 2023.

Key players in the global photo printing market include:

ProDPI, AdorPix LLC, Bay Photo Lab, Shutterfly Inc., Eastman Kodak Company, Perion Network Ltd., Mpix, Digitalab, Snapfish and Cimpress.

Effects of Covid 19 Pandemic on Photo Printing Market with Full TOC and Free Sample at:

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The report provides a very detailed profile of the global photo printing market and gives readers a comprehensive overview of the market. The past, present, and future of the market are studied in the report, along with detailed historical analysis, current statistics, and future projections. Historical statistics revealing the historical growth trajectory of the market are studied in detail in the report. Based on these statistics and a study of key drivers and restraints affecting the market, future projections can be made for the photo printing market. Based on this platform, future projections of the growth trajectory of the Photo Printing Market over the forecast period are provided in the report. A comprehensive analysis of key players in the Photo Printing market is also provided in the report, which features key players operating in the market. Major drivers and trends affecting the global photo printing market are assessed in the report. The impact of the COVID-19 pandemic on the photo printing market is also assessed in the report.

Photo printing is an age-old technology that has suffered with the advent of digital photography and social media sharing, which completely eliminates the need for photo printing. An increasing number of consumers are now clicking photos from their smartphones and sharing them from smartphones on social media, completely eliminating the need to print. However, photo printing has survived despite the growing popularity of digital photography and is expected to grow steadily over the forecast period. Growing demand for fine art and custom prints in print photography is likely to be a major driver for the global photo printing market over the forecast period.

Developments in photo printing technology are also expected to remain a major driver for the global photo printing market during the forecast period. With technological advancements in printing technology, more advanced photo printing equipment has appeared in the market. This has been a major driver for the photo printing market as it has attracted new customers and encouraged existing customers to upgrade their equipment. This is expected to remain a major driver for the global photo printing market over the forecast period.

Industry Updates:

In March 2019, Mpix launched Thirty9, a site featuring wall art from a curated list of professional photographers. This site offers four photo collections – a neutral palette, deep highlights, planting new trees and getting outside, for printing on a variety of substrates.

In March 2019, Smilebox, one of the business segments of Perion Network Ltd., launched the Smilebox add-on for Gmail. This add-on allows users to easily customize and send animated virtual cards to family and friends directly from their Gmail accounts.

In January 2019, Kodak launched its line of instant print photography products, the KODAK SMILE Instant Print. The product line includes the KODAK SMILE Classic Instant Print Digital Camera, KODAK SMILE Instant Print Digital Camera and KODAK SMILE Instant Digital Printer.

In September 2018, Snapfish acquired CafePress, a recognized pioneer in customizable products, to expand its offering of photo and non-photo products. This acquisition created a combined photo and non-photo-based product platform that produces thousands of personalized products for consumers around the world.

Segmentation:

The global photo printing market is segmented on the basis of type, printing device, end use and region.

By type, the global photo printing market is segmented into digital and film.

By printing device, the global photo printing market is segmented into mobile type and desktop type.

By end use, the global photo printing market is segmented into retail, online stores, instant kiosks, and over-the-counter.

Regional analysis:

North America is expected to account for the largest share of the global photo printing market during the forecast period.

Table list:

TABLE 1 SYNOPTIC OF THE MARKET

TABLE 2 LIST OF ASSUMPTIONS

TABLE 3 GLOBAL PHOTO PRINTING MARKET, BY TYPE, 20172023 (USD MILLION)

TABLE 4 GLOBAL PHOTO PRINTING MARKET, BY TYPE OF PRINTING DEVICE, 20172023 (USD MILLION)

TABLE 5 GLOBAL PHOTO PRINTING MARKET, BY END-USER APPLICATION, 20172023 (USD MILLION)

Continued……..

List of Figures:

FIGURE 1 GLOBAL PHOTO PRINTING MARKET: MARKET STRUCTURE

FIGURE 2 TOP-DOWN AND BOTTOM-UP APPROACH

FIGURE 3 ANALYSIS OF MARKET DYNAMICS OF THE GLOBAL PHOTO PRINTING MARKET

FIGURE 4 VALUE CHAIN: PHOTO PRINTING MARKET

FIGURE 5 GLOBAL PHOTO PRINTING MARKET, BY TYPE, 2017 VS 2023 (USD MILLION)

Continued…………

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About Market Research Future:

At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Research in Continuous Feeding (CFR ) and Market Research and Consulting Services.

The MRFR team has the overriding goal of providing our clients with the highest quality market research and intelligence services.

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Elaine F. Brim