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Printed Wedding Merchandise Market Size, Share & Industry Analysis, By Type (Photobooks & Albums [Flush-Mount, Matted, Parent/Gift Albums, and Others], Personalized Wedding Calendars, Custom Photo Mugs, Photo Frames, Wedding Invitations, and Others), By Print Type (Glossy, Luster, Textured, Silk, and Others), By Category (Economy, Premium, and Luxury), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Nov, 2024 | Report ID: FBI110646 | Status : PublishedThe global printed wedding merchandise market size was valued at USD 11.76 billion in 2023. The market is projected to grow from USD 12.38 billion in 2024 to USD 19.94 billion by 2032, exhibiting a CAGR of 6.14% during the forecast period.
The rising number of weddings worldwide will positively influence the global printed wedding merchandise market trends. In addition, the increasing trend of pre-wedding shoots, bachelorette party shoots, guest book shoots, and post-wedding shoots will boost the product demand. Moreover, the rising government support encouraging marriages across countries will propel the global, Indian, and Chinese printed wedding merchandise market growth. Furthermore, increasing environmental awareness among consumers will boost the demand for sustainable product offerings made using eco-friendly raw materials. Several manufacturers are launching environmentally friendly products. For instance,
In 2023, CEWE, a Germany-based photo printing company, launched its new photobook with 100% recycled paper.
Married couples prefer producing personalized wedding albums and prints to capture memories of their wedding, elopements, and pre-wedding & post-wedding moments. Increasing spending on wedding photography services and stationery products, including albums, prints, and frames, by newlywed couples will boost product demand. For instance,
As per the surveyed data published by Letter Lane Design Studio, LLC., a custom wedding event solutions provider, in 2023, Letter Lane couples spent an average of USD 3,000 to USD 4,000 on wedding stationery products.
The increasing number of wedding studios and photo labs offering professional photo printing solutions, coupled with the growing number of professional wedding photographers, will drive the production and consumption rate of wedding merchandising products. According to the data published by the U.S. Bureau of Labor Statistics, in May 2022, there were 47,380 employed professional photographers in the U.S., with an increase of over 1.8% compared to the previous year. At a macro level, the increasing global sales of bridal wear, wedding gowns, and printed wedding shirts are encouraging couples to capture their memories through printed wedding products, thereby accelerating sales through various distribution channels.
The novel COVID-19 pandemic negatively influenced printed wedding merchandise sales worldwide, with the temporary and permanent closure of physical outlets. Furthermore, stringent regulations on the guest count in weddings across countries impeded the product demand, notably throughout 2020. However, the global market has recovered during the post-COVID-19 phase, with a resumption of delayed weddings.
Printed Wedding Merchandise Market Trends
Rapidly Evolving Trend of Gift-Giving Culture to Fuel Market Growth
The rising trend of gift-giving culture and growing popularity of photo books, photo frames, canvasses, mugs, and calendars as printed wedding gifts will increase the global printed wedding merchandise market share. Consumers usually seek personalized gifts that carry sentimental value and a unique touch, thus boosting the demand for printed wedding merchandise as the preferred gift-giving option globally. Furthermore, the trend of making customized wedding photo merchandise as one-of-a-kind gifts that commemorate special moments will improve the global printed wedding merchandise market forecast.
Printed Wedding Merchandise Market Growth Factors
Rising Technology Advancements and Consumer Inclination Toward Destination Weddings to Fuel Market Growth
Technological advancements have enhanced the quality and accessibility of wedding photography. Various technological advancements in printing, including giclée printing, 3D printing, and high-definition photo printing, offering detailed, vibrant, and durable prints of weddings, are expected to enhance the global printed wedding merchandise market scope. Moreover, the rising availability of user-friendly online platforms and apps providing advanced editing and customization options with the help of artificial intelligence will boost the product demand among tech-savvy consumers.
The growing trend of destination weddings globally and rising consumer inclination toward destination weddings to create unique and unforgettable experiences will boost the product demand. Moreover, these types of weddings usually take place in visually stunning and exotic locations, providing couples with picturesque and unique wedding photos and fueling the market growth.
Increasing Use of Smartphones and Digital Cameras to Boost Product Demand
The widespread adoption of smartphones and digital cameras among individuals, offering couples and their guests the opportunity to capture unlimited high-quality photos and videos during wedding celebrations, will boost the product demand among couples seeking tangible and physical representations of their digital memories. Moreover, various printed wedding merchandise, including albums, photo books, and photo frames, offer a way to create lasting, physical mementos of digital photos, thereby propelling the market growth. Furthermore, several online photo printing services offer seamless integration with smartphones, allowing users to upload and order prints from their devices directly.
RESTRAINING FACTORS
Advancements in Cloud Storage to Limit Demand for Photobooks & Albums
Ongoing advancements in cloud storage technology offer alternative and convenient avenues for individuals to manage their photos digitally. The accessibility offered by cloud storage allows users to effortlessly view, share, and organize their digital photos across various devices, eliminating the necessity for physical prints. This factor can restrain the market growth. Furthermore, cloud storage facilitates primary storage and provides dynamic digital options for organizing and presenting photos with various features, including creating online galleries or slideshows.
Printed Wedding Merchandise Market Segmentation Analysis
By Type Analysis
Rising Popularity of Customized Photobooks & Albums Propelled Market Growth
By type, the market is divided into photobooks & albums (flush-mount, matted, parent/gift albums, and others), personalized wedding calendars, custom photo mugs, photo frames, wedding invitations, and others.
The photobooks & albums segment held a major market share in 2023 owing to the increasing number of weddings and married couples worldwide. Moreover, photobooks and albums are the most popular wedding merchandise as they allow couples to relive their memories or special moments. Furthermore, the rising availability of customized photo books and albums with various features, including personalized cover designs, customized layouts & designs, special effects & enhancements, and inclusion of QR codes linked to videos & digital galleries, will propel the segment’s growth.
The wedding invitation segment is expected to grow significantly throughout the forecast period owing to the increasing trend of themed weddings, such as beach-themed weddings, boho-themed weddings, rustic-themed weddings, and romantic-themed weddings. In addition, theme weddings typically require invitations that align with the overall aesthetic and theme of the event. Moreover, the rising popularity of personalized and unique wedding experiences that reflect couples' personalities and love stories is anticipated to boost the demand for wedding invitations with various customization options, such as bespoke designs, personalized monograms, and custom illustrations. Furthermore, growing environmental consciousness among consumers is driving the demand for eco-friendly wedding invitations. Eco-conscious couples are increasingly looking for sustainable options, such as recycled paper, plantable paper (seed paper), and invitations that minimize waste.
By Print Type Analysis
Rising Demand for Sophisticated and Elegant Wedding Experiences Favored Adoption of Glossy Wedding Merch
The global market is segmented into glossy, luster, textured, silk, and others based on print type.
The glossy segment dominated the market in 2023 owing to the wide product availability and ability to enhance the vividness & depth of colors, making wedding photos, invitations, and décor elements stand out. Moreover, glossy prints are typically more resistant to dirt, moisture, and fingerprints, ensuring that the wedding merchandise remains in pristine condition for a long time. Furthermore, glossy finishes are often associated with luxury and high quality, boosting the product demand among couples seeking sophisticated and elegant wedding experiences.
The luster segment is expected to grow significantly over the forecast period. Luster surfaces are slightly textured and offer a subdued look to matte finishes. Several professional photographers prefer lustre finishes for wedding albums and prints owing to reducing glare and fingerprints while maintaining high image quality. Furthermore, the increasing popularity of vintage and traditional wedding themes will boost the demand for luster wedding merchandise among consumers seeking sophisticated and enduring aesthetics.
By Category Analysis
Increasing Lower and Middle-Class Population Worldwide Propelled Sales of Economical Merch
By category, the market is segmented into economy, premium, and luxury.
The economy segment dominated the global market share in 2023 owing to the increasing demand for affordable wedding merchandise among the lower and middle-class populations. Moreover, the widespread availability and accessibility of online photo printing services and user-friendly design tools offering low-priced merchandise will boost the product demand among budget-conscious consumers. The trend of do-it-yourself (DIY) weddings is growing significantly, where couples are planning and personalizing their weddings at lower costs, thereby boosting the demand for affordable personalized wedding merchandise.
The premium segment is expected to grow significantly throughout the forecast period owing to rising disposable income of the upper-middle-class population and increasing availability of high-quality products with customization options. Furthermore, the rising popularity of personalized printed wedding merchandise with high-resolution printing, advanced color correction, various layouts, designs & materials options, and innovative binding techniques will drive the segment’s growth.
REGIONAL INSIGHTS
Geographically, the market’s regional analysis covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Asia Pacific held the major market share in 2023 owing to the rising number of wedding photo studios, evolving culture of getting married and having children, and governmental efforts to promote the wedding culture in Japan, South Korea, and Southeast Asia. Moreover, rising consumer demand for lavish pre-wedding photo shoots with modern or traditional scenes and artistic influences will fuel the market growth in China and Japan. Evolving digital photography trends and the rising number of weddings in India are also skyrocketing the market growth. The growing popularity of destination weddings with a mix of cultural, modern, and artistic influences will favor the product demand in India and Southeast Asia.
Europe is expected to grow significantly throughout the forecast period owing to a rising number of married couples demanding various premium wedding photography services, including the lay flat and flush mount wedding albums. Furthermore, growing trends of opting for minimalistic pre-wedding and post-wedding photography shoots will boost the demand for printed wedding merchandise with high-quality print and personalized designs across the region.
North America is expected to grow considerably throughout the forecast period owing to the growing number of weddings and rising disposable incomes. The rising number of professional photographers and photography firms offering a vast range of printed wedding merchandise will boost the product demand in the U.S. and Canada. Furthermore, the rising popularity of wedding invitations with intricate designs and laser-cut folders will favor the market’s growth in the U.S.
Printed wedding merchandise demand across the South American, Middle Eastern, and African markets is forecasted to witness positive growth in the future. The increasing number of married couples and growing trend of celebrating artistic wedding events among households will fuel the market growth in Brazil and Argentina. Furthermore, the rising number of married couples and their growing disposable spending on wedding events will drive product revenues in Saudi Arabia, Egypt, and the East African region.
KEY INDUSTRY PLAYERS
Major Players to Focus on Rebranding to Expand their Reach
Key players are leveraging their strong brand presence and loyalty to stay competitive. In recent years, they have also used rebranding as one of their key strategies to reach new consumers and boost their growth. For instance, in February 2024, albelli-Photobox Group, a Netherlands-based photo products company, announced its transformation into Storio Group. According to the company, it appointed Alessandro Coppo as the new CEO of the group.
List of Top Printed Wedding Merchandise Companies:
- CEWE Group (Germany)
- Cimpress (Ireland)
- Fujifilm Holdings Corporation (Japan)
- Mixbook (U.S.)
- ProLab (India)
- Photojaanic (India)
- Silamba Colour Lab (India)
- Smartphoto Group (Belgium)
- Shutterfly (U.S.)
- Ultraa Albums (India)
KEY INDUSTRY DEVELOPMENTS:
- September 2023: Mimeo, with its Mimeo Photos and Motif brands, launched premium lay flat photo books for its customers located across 32 countries in the North American and European regions.
- August 2023: nphoto.com, a Poland-based photo product manufacturer, introduced a new photo album featuring a round spine design aimed at supporting product durability, especially for larger book blocks exceeding 30 pages.
- May 2023: Mixbook, a U.S.-based personalized photo products company, introduced a new photo organization feature in its mobile application. According to the company, the new feature includes a machine learning technology that scans photo metadata and automatically selects, labels, and groups photos based on their story narrative.
- January 2022: Photobox, a U.K.-based photo products company, merged with Albelli, a Netherland-based photo products firm. According to the company, the merger is anticipated to expand its reach across the European region.
- July 2020: Shutterfly LLC., a U.S.-based photo products company, invested USD 23 million to install a new photo lab facility for photobook production in Ohio, U.S.
REPORT COVERAGE
The printed wedding merchandise market report analyzes the market in-depth and highlights crucial aspects such as prominent companies, type analysis, print type, and category. Besides this, the research report provides insights into the market trends and highlights significant industry developments.
Report Scope & Segmentation
ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Growth Rate | CAGR of 6.14% from 2024 to 2032 |
Unit | Value (USD Billion) |
Segmentation | By Type
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By Print Type
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By Category
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By Region
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Frequently Asked Questions
How much is the printed wedding merchandise market worth?
Fortune Business Insights says that the global market was valued at USD 11.76 billion in 2023 and is anticipated to reach USD 19.94 billion by 2032.
At what CAGR is the printed wedding merchandise market projected to grow during the forecast period of 2024-2032?
Recording a CAGR of 6.14%, the global market will exhibit steady growth over the forecast period.
Which is the leading type segment in the market?
By type, the photobooks & albums segment is expected to dominate the market throughout the forecast period of 2024-2032.
What is the crucial factor driving the global market?
Rising technology advancements and consumer inclination toward destination weddings will fuel the market growth.
Who are the leading players in the global market?
CEWE Group, Cimpress, Fujifilm Holdings Corporation, Mixbook, ProLab, and Photojaanic are the leading companies in the global market.
- Global
- 2023
- 2019-2022
- 292