Drylab Photo Printing Market Global Forecasts 2024-2030: Growing Adoption In Retail And Hospitality Sectors Bolsters Expansion

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 20, 2024 (GLOBE NEWSWIRE) -- The "Global Drylab Photo Printing Market by Offering (Printers, Services), Connectivity (Wired, Wireless), Print Width, Paper Type, End-user, Distribution Channel - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Drylab Photo Printing Market grew from USD 290.06 million in 2023 to USD 307.32 million in 2024. It is expected to continue growing at a CAGR of 6.36%, reaching USD 446.69 million by 2030.

Drylab printers are popular among retail photo outlets, event photographers, and professional studios, where rapid turnaround times are often critical. Growing preferences and innovations in printing technology contribute to improved image quality and reduced printing times, increasing the demand for drylab photo printing. Moreover, reduced chemical waste associated with drylab printing attracts environmentally conscious customers and businesses, driving market growth.

However, the cost of high-quality drylab printing equipment can be a barrier for small businesses and startups. The evolution of smart retail and the integration of AI to enhance customer experience presents new opportunities for the drylab photo printing market. Furthermore, developing systems that automate various aspects of the printing process, from image correction to print customization, may create potential in future perspectives.
Regional Insights
The drylab photo printing market is undergoing significant evolution globally, shaped by advancements in digital technology and shifts in consumer preferences. In the Americas, the U.S. market thrives on demand for high-quality photo products, including photo books and personalized gifts, with innovations focusing on speed, efficiency, and sustainability.

Canada follows this trend with a strong push toward online platforms and eco-friendly printing solutions. Across Europe, the Middle East, and Africa (EMEA), the European Union emphasizes eco-friendly technologies in line with stringent environmental regulations, while the Middle East sees growth driven by its burgeoning tourism and retail sectors. Africa is poised for expansion, spurred by increased urbanization and digital connectivity, which is expected to enhance the scope of scalable drylab printing solutions.

Asia-Pacific region is witnessed as a hub for innovation in the printing industry, with the presence of major industry players in Japan and South Korea. Furthermore, the region is experiencing a surge in demand for smartphone-compatible printers and DIY printing services due to the high penetration of smartphones and mobile photography.
Recent Developments

Fujifilm and Dupli Forge Strategic Alliance to Enhance Digital Printing Capabilities and Market Reach
Fujifilm entered into a strategic partnership with Dupli, a renowned player in the digital print arena, to collectively advance its market positioning and capitalize on shared technological synergies. This collaboration is set to augment Dupli's capabilities by integrating Fujifilm's state-of-the-art inkjet technology, which promises to elevate the quality, efficiency, and sustainability of Dupli's print solutions. This new business dynamic strengthens Dupli's market offering and signifies Fujifilm's commitment to expanding its footprint in the digital printing industry.
Fujifilm and Primark Partner to Revamp Birmingham Store with Interactive Photo Printing Experience
Fujifilm integrated its Wonder Photo Shop concept into Primark's flagship store in Birmingham, enhancing the customer shopping experience. This strategic partnership combines Primark's widespread consumer reach with Fujifilm's photographic products and services expertise. As a result, shoppers at Primark can enjoy an immersive experience where they can create, print, and share photographs instantly. This venture reflects Fujifilm's innovative approach to engaging consumers in a dynamic retail environment and highlights the potential for collaborative success between retail and technology sectors, driving foot traffic and enhancing consumer engagement in brick-and-mortar locations.
Ricoh Expands Finishing Solutions Portfolio Through Albyco Acquisition
Ricoh announced the acquisition of Albyco, allowing it to broaden its product offerings and reinforce its service in the printing industry's finishing segment. By integrating Albyco's well-established distribution network and technological expertise, Ricoh aims to provide more comprehensive and innovative solutions to its customers. This development strengthens Ricoh's position in the market and seeks to address the evolving needs of the digital printing sector by offering advanced, efficient finishing options.

Key Attributes:

Report Attribute	Details
No. of Pages	180
Forecast Period	2024 - 2030
Estimated Market Value (USD) in 2024	$307.32 Million
Forecasted Market Value (USD) by 2030	$446.69 Million
Compound Annual Growth Rate	6.3%
Regions Covered	Global

Market Dynamics

Market Segmentation Highlights

• Offering: Increasing demand for modern drylab printers for superior color accuracy and resolution
• Connectivity: Prevalence of wireless connectivity in drylab photo printing owing to its portability
• Print Width: Increasing adoption of drylab photo printers above 6-inch print width from professional photographers and businesses for larger prints
• Paper Type: Significant use of glossy papers designed to be highly resistant to smudges and water, enhancing the durability of printed photos
• End-user: Growing adoption of drylab printer for professional labs owing to the trend toward eco-friendly practices
• Distribution Channel: Growing popularity of online sales channels owing to user convenience and wider product availability

Market Drivers

• Growing inclination toward personalized printing products
• Adoption of drylab photo printing in retail and hospitality sector to enhance customer experience

Market Restraints

• High initial investment requirements for drylab photo printing

Market Opportunities

• Integration of drylab photo printing with digital platforms to enhance accessibility
• Advancements in drylab photo printing devices and consumables

Market Challenges

• Technical limitations and availability of cost-effective alternatives

Industry Insights

• Market Disruption Analysis
• Porter's Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

Key Company Profiles

• Agfa-Gevaert Group
• Brother Industries, Ltd.
• Canon Inc.
• CITIZEN WATCH CO., LTD.
• Colorjet Group
• Dai Nippon Printing Co., Ltd.
• Durst Group AG
• FUJIFILM Corporation
• HiTi Digital, Inc.
• HP Inc.
• Kodak Alaris Holdings Limited
• Kyocera Corporation
• LG Electronics Inc.
• Mitsubishi Electric Corporation
• Noritsu Precision Co., Ltd.
• Olympus Corporation
• Panasonic Holdings Corporation
• Polaroid International B.V.
• Samsung Electronics Co., Ltd.
• Seiko Epson Corporation
• Sinfonia Technology Co., Ltd.
• Sony Group Corporation
• The Ricoh Company, Ltd.
• Xerox Holdings Corporation

Market Segmentation & Coverage
Offering

• Printers
• Services

Connectivity

• Wired
• Wireless

Print Width

• 4 Inches-6 Inches
• Above 6 Inches
• Below 4 Inches

Paper Type

• Glossy
• Luster
• Matte
• End-user

Commercial

• Professional Photo Labs
• Retail Photo Kiosks
• Individual

Distribution Channel

• Offline
• Online

Region

Americas

• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas

Asia-Pacific

• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam

Europe, Middle East & Africa

• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

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Attachment

• Global Drylab Photo Printing Market

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