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The latest report published by IMARC Group, titled “Photo Printing and Merchandise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global photo printing and merchandise market size reached US$ 19 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.3 Billion by 2027, exhibiting at a CAGR of 5.9% during 2022-2027. Photo printing and merchandise are decoration and personalized gifting items, such as printed cards, keyrings, cushions, calendars, canvases, mugs, t-shirts, and clocks, on which photographs are printed. These products are manufactured using the dye-sublimation process, where the printed dye is infused with the polymer coating to create highly vibrant, scratch-resistant, durable, and long-lasting images. As a result, photo printing and merchandise are widely used by organizations for generating brand awareness and product promotions.
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The global photo printing and merchandise market is primarily driven by the rising trend of personalized and corporate gifting. In line with this, the increasing use of smartphones and tablets to process and click high-resolution images is acting as another growth-inducing factor. Apart from this, the easy access to different photo editing applications and websites and increasing per capita income of consumers are creating a positive outlook for the market. Additionally, key market players are using advanced technologies, such as lenticular printing, to offer high-definition (HD) prints, which is providing a considerable boost to the market growth. Other factors, such as rapid urbanization, continuous product innovations to maintain their market position, and the proliferation of social media platforms, are supporting the market growth.
Photo Printing and Merchandise Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the photo printing and merchandise market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global photo printing and merchandise market based on product type, printing type, device used, distribution channel and region.
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Key Highlights of the Report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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