The Flush Mount Photo Album Market Size is estimated to reach $8.2 billion by 2027 and is poised to grow at a CAGR of 5.3% over the forecast period of 2022-2027. The rapid growth in certain forms of social events along with the development in the intrinsic product class has been driving market participation. Flush mount photo book album generally comprises photographic prints which are dry mounted on a thick inner substrate with natural silver halide photo paper. The covers are generally made using leather, leatherette or glass which provide a luster finish and protect against spills and stains. Owing to a robust growth in the online segment to order and provide other services related to photo album printing, the demand for flush mount photo albums has received considerable traction. Critically, the manufacturers or service providers are providing ample customization opportunities to the customers which has allowed them to increase revenues and profitability.
Flush Mount Photo Album Market Drivers
A Plethora of Innovations Harnessed by Market Players along with a Considerable Rise in the Purchasing Power of People:
Manufacturers and service providers are utilizing heavy e-photo matter paper which delivers smooth gradients and gives images better vibrancy in lighter tones and stunning panoramic views. Furthermore, manufacturers are also offering personalized albums made using high definition (HD) printing technology for higher quality, durability and a photo-realistic experience, which is driving the market further. Moreover, the service providers have been utilizing advanced materials to produce innovative albums. All of the following innovations are fueled by a growing consumer spending attribute. As per McKinsey 2022 article, U.S. inflation grew to nearly 8.5 percent in March 2022, with May 2021 to March 2022 period showing the highest inflation in a decade. Yet, the consumers in the U.S. spent 18 percent more in March 2022 than they did two years earlier.
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Growing Numbers of Theme-Based Weddings and Other Grandeur Celebratory:
The demand for flush mount photo albums has been largely pushed by a trend for organizing a theme-based wedding, for which the following form of gifts are deemed effective and society-appropriate. Flush mount photo albums have a strong, tight, fine and superior core to regular photo albums, which has proliferated the demand for the following product. Lastly, the number of celebratory social events has increased which has provided the necessary boost for the market. Nearly 177,000 people within the U.K. celebrate birthdays each day. Due to a considerable rise in the population, the following statistics reflect how the following driver would be a key deterrent in the market.
Product Launch and Investment
In July 2019, Pixellu launched a software known as Smart-Albums 2019, which offered a game-changing update to the pre-existing popular photo album design software. The drag-and-drop album design software has been developed in response to user feedback. Furthermore, in June 2021, ASUKANET invested in HOLO Industries Holographic Touch Technologies. The technology is made possible with ASUKANET ASKA3D holographic plates, sensors and Holo Industries’ proprietary software and hardware components.
The Major Players in the Market Include
The major players in the Flush Mount Photo Albums market include Advance Photo Labs, Artifact Uprising LLC, ASUKANET, Bay Photo, Digital Pro Lab, Midwest Photographic Resource Center, MILK Tailor Made Books Limited, Miller’s Professional Imaging Co, Picaboo Corporation and Printique LLC.
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