(MENAFN- IMARC Group)
According to IMARC Group, the global photo printing and merchandise market size reached US$ 21.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Photo printing and merchandise refers to the process of printing digital photographs onto various mediums and creating customized products using those images. It involves transforming digital images into physical prints, as well as incorporating photos into a wide range of merchandise, such as mugs, T-shirts, calendars, keychains, and more. The characteristics of photo printing and merchandise include high-quality printing, vibrant colors, durability, and the ability to customize products with different designs, texts, and layouts. It offers a creative way to showcase and share photographs, turning them into tangible items that are displayed, gifted, or used for promotional purposes.
Key features of this industry include online ordering platforms, easy-to-use design tools, a wide variety of printing options and materials, quick turnaround times, and the ability to handle both small and large-scale orders. Photo printing and merchandise find their application in the photography and art, retail and e-commerce, tourism, and hospitality industries.
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