Photo Printing and Merchandise Market Overview, Forecast 2028

The latest trends in the photo printing and merchandise market include Ecommerce companies focusing on offering online photo printing services and a majority of manufacturers focusing on introducing photo printing kiosk with enhanced connectivity features. While these trends are likely to uplift the market scenario slightly, the overall growth of the photo printing and merchandise market will reportedly remain sluggish throughout the projection period.

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By the end of 2028, the revenue contribution through merchandise printing to the global photo printing and merchandise market value is anticipated to reach around 25%. The report projects merchandise segment to witness a steady CAGR of 4.4% over 2018-2028.

Furthermore, digital printing is expected to take over the film printing module, whereas mobile printing mode is foreseen to win a major market share over desktop printing. The market progression in this direct has been attributed to rapid digitalization that has been evidently impacting the industries worldwide, since the past decade.

As indicated by the competition landscape assessment provided in the report, the tier 1 companies currently account for a majority revenue share of around 45%, followed by the share of around 40% contributed by tier 3 companies participating in the global market for photo printing and merchandise.

The report highlights a few key developments in the market, including a recent launch of a process-free technology portfolio by the Eastman Kodak Company, which has been named as ‘KODAK SONORA UV Process Free Plate.’ This plate is capable of delivering longer run lengths (up to 30,000 impressions) compared to any other process-free plate, and offers a range of benefits of UV technology, flexibility, high print quality, and faster drying times. With this technology, the company has introduced a range of new applications, delivering more efficient, faster, and more sustainable results.

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Expansion of Ecommerce sector pinpoints growth of developing regions

North America and Western Europe have been identified to be the key regional markets for photo printing and merchandise over the forecast period. While North America is foreseen to lose its value share, Western Europe is anticipated to encounter with attractive opportunities contributing to its increased market share of over 25% by 2028 end, as estimated by the report.

China and other developing Asian economies, along with South East Asian countries, are presumed to witness significant growth opportunities in near future. This growth has been primarily attributed to the flourishing Ecommerce sector.