The photo printing market size is projected to reach US$ 19.23 billion by 2031 from US$ 38.86 billion in 2023. The market is expected to register a CAGR of 9.2% in 2023–2031. Growing demand for high-quality photos is likely to remain a key photo printing market trend.
The photo printing market is growing at a rapid pace due to the growing demand for pocket photo printers and the rising consumer requirement for unique and customized photo prints. The market is expanding steadily, driven by the growing demand for eco-friendly printing technologies. Moreover, advancements in photo printing inks and the increasing demand for inkless printing is providing lucrative opportunities for market growth.
Photo printing refers to a process that converts digital information, such as images or video, into tangible prints that are displayed in showcases, exhibits, and displays. This process involves the use of a photo printer for transferring digital images or scanned prints onto paper or other materials. Photo printers are mainly designed and used for generating high-quality prints with accurate colors and fine details. There are numerous printing techniques, such as paper, metal, and canvas are used for photo printing.
Pocket photo printers have gained popularity in recent years. These printers are portable and usually link to phones or other devices via Bluetooth, allowing users to print from anywhere. Pocket photo printers are incredibly useful in everyday life, especially for creative professionals. Moreover, the growing travel and tourism industry increases the adoption of pocket photo printers among travelers, boosting the market.
Printing technology has made remarkable advances in the development of inks specifically designed for landscape photography (or any picture). Manufacturers such as Epson, Canon, and HP have pioneered the creation of pigment-based inks that produce incredibly bright and long-lasting prints. These inks are comprised of microscopic particles floating in a liquid basis, providing a wider color range and better fade resistance than dye-based inks. For instance, Epson, well-known for its PrecisionCore technology, may have set an industry standard with its UltraChrome Pro inks. Pigment-based inks improve gloss consistency and decrease bronzing, giving an even smoother and more refined appearance.
Key segments that contributed to the derivation of the photo printing market analysis are product type, type, and distribution channel.
The geographic scope of the photo printing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest photo printing market share. The market in this region is segmented into US, Canada, and Mexico. Increasing usage of digital photography for personal purposes is driving the market. Growing digitalization and increasing use of smartphones among consumers for capturing and sharing photos are driving the market during the forecast period.
The regional trends and factors influencing the Photo Printing Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Photo Printing Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 19.23 Billion |
| Market Size by 2031 | US$ 38.86 Billion |
| Global CAGR (2023 - 2031) | 9.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Photo Printing Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Photo Printing Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The photo printing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for photo printing and strategies:
The “Photo Printing Market Size and Forecast (2023–2031)” report provides a detailed analysis of the market covering below areas:
The global photo printing market was estimated to be US$ 19.23 billion in 2023 and is expected to grow at a CAGR of 9.2% during the forecast period 2023 - 2031.
Growing demand for pocket photo printers and the rising consumer requirement for unique and customized photo prints are the major factors that propel the global photo printing market.
Growing demand for high-quality photos is anticipated to play a significant role in the global photo printing market in the coming years.
The key players holding majority shares in the global photo printing market are Fujifilm Corporation, Adorama Camera, Inc., Bay Photo Lab, Digitalab Ltd., and Nations Photo Lab.
The global photo printing market is expected to reach US$ 38.86 billion by 2031.
The incremental growth expected to be recorded for the global photo printing market during the forecast period is US$ 19.63 billion.