Report : Asia Pacific Photo Printing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Prints, Wall Art, Cards, Photo Gifts, Photo Books, Calendar, and Others), Type (Film & Offset Printing and Digital Printing), Distribution Channel (Retail, Online, and Instant Kiosk), and Country
Penetration of Internet and Growing Demand for Smartphones to Support the Growth of APAC Photo printing Market during 2019–2027
According to The Insight Partners market research study on “APAC Photo Printing Market Forecast to 2027 – COVID-19 Impact and Analysis– by Product Type, Type, and Distribution Channel” is expected to reach US$ 3,107.24 Million in 2019 and is projected to reach US$ 6,740.89 Million by 2027; it is expected to grow at a CAGR of 10.5% from 2019 to 2027. The report provides trends prevailing in the APAC photo printing market along with the drivers and restraints of the market growth. Penetration of internet and growing popularity of smartphones is the major factor driving the growth of the photo printing market. However, the high costs associated with the equipment might hinder the growth of the APAC photo printing market.
The market for the photo printing market is segmented into type, product type, distribution channel, and country. Based on product type, the market is segmented as prints, wall art, cards, photo gifts, photo books, calendars, others. In 2019, the prints segment held the largest share APAC photo printing market. Based on type, the market is segmented as film & offset printing and digital printing. The Digital printing segment is expected to the fastest-growing segment over the forecast period. Based on the distribution channel, the market is segmented as a retail, online, instant kiosk. The online segment contributed a substantial share in 2019.
Fujifilm Corporation, Snapfish, Walgreens Co., and Walmart Photo are the major players operating in the APAC photo printing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, FujiFilms announced its new instax mini 11 model, which offers simple operability, stylish design, as well as premium quality instant photo prints.
The report segments the APAC Photo Printing Market as follows:
APAC Photo Printing Market– By Type
APAC Photo Printing Market – By Product Type
APAC Photo Printing Market – By Distribution Channel
APAC Photo Printing Market – By Country