The global flush mount photo album market size was USD 3.5 Bn in 2022 and is likely to reach USD 5 Bn by 2031, expanding at a CAGR of 5.5% during 2023–2031. The market growth is attributed to the growing inclination for theme-based weddings and increasing demand for photojournalism.
Images are produced on special photographic paper and placed on cardboard pages that lay flush or flat in a flush-mount picture album. These album pages are not easily forced to bend or rip, assuring the longevity of your photographs. For friends and family living in distant places, it is not convenient for them to see wedding photos.
E-albums offer an advantage over traditional albums in these scenarios since they help to reproduce the same experience, although in a virtual environment. On the other hand, weddings have grown into a space for young and married couples to express themselves, their desires, and their ambitions. They attempt to put their individuality and originality into their wedding albums.
Furthermore, originality, aesthetics, marketing strategies, innovation, and workmanship are certainly major factors that contribute to the worth of each player's end-deliverable. The value chain includes online purchasing and layout customization platforms, raw material suppliers, book producers, and professional photography service providers.
The outbreak of the COVID-19 pandemic prompted the installation of strict lockdown laws in various countries, causing problems in terms of flush mount albums import and export. As a result, the market has been affected by the pandemic.
Flush Mount Photo Album Market Dynamics
Major Drivers
The high demand for theme-based weddings is the major factor driving the growth of the market, as they have a strong, fine, tight, and superior core than regular photo albums. However, increasing purchasing power, rapid urbanization, and the rising popularity of smart home décor are driving the demand for luxurious, handmade albums made by using premium materials.
Growing tendency among newly married couples and professionals for contemporary, stylish, and fashionable demonstration purposes is expected to boost industry growth. The advent of automated layout design has fueled the expansion of the flush mount albums market.
Restraints
High-priced e-albums and consumers’ prolonged tendency to focus on traditional photo album styles are major challenges that can hinder market growth during the forecast period.
Opportunities
The immense popularity of gifting options on special occasions like weddings, anniversaries, birthdays, and graduations are expected to create lucrative opportunities for the market players. Key factors such as goods' design freedom and flexibility such as several images on a page, larger photographs, computer-aided artistically created pages, and extra design components including texts or monograms, are expected to offer lucrative opportunities for the market.
Scope of Flush Mount Photo Album Report
The global market report includes research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Flush Mount Photo Album Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Type (Personal and Professional), and Occasion (Birthdays, Weddings, Anniversaries, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Flush Mount Photo Album Market Size and Analysis, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Advance Photo Lab Inc.; White House Custom Colour.; ASUKANET; Midwest Photographic Resource Center Inc.; Artifact Uprising; Bay Photo Lab.; Printique LLC.; Zno Inc.; Digital Pro Lab; Shutterfly; Picaboo; and MILK Tailor Made Books Ltd.
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Flush Mount Photo Album Market Segment Insights
On the basis of type, the flush mount photo books market is bifurcated into personal and professional. The professional segment is projected to expand at a considerable CAGR during the forecast period, as the use of professional photographers and graphic designers for wedding photo shooting and other occasions is increasing.
Professional photographers are widely hired to ensure an attractive spread of computerized layout design of the photos, which is in a way, driving the growth of the segment. Moreover, the availability of modern styles-based methods such as flush and matted with each page's borders present another key aspect for the segment expansion. The ability to integrate photos and text on the desktop, as well as a graphic designer in the manner of magazines, offer the album as an alternative means for telling a story about events.
Based on occasion, the market is segregated into birthdays, weddings, anniversaries, and others. The wedding segment is expected to register a robust growth rate during the forecast period, due to the nuanced product reach method designated by manufacturers. The overall increase in the spending capacity and the change of concept for weddings into a spectacular affair with royalties is expected to boost the demand for the market.
The anniversaries segment is expected to expand at a significant growth rate during the projection period, due to the increase in wedding anniversaries and other special events. It is also used to keep the track of important family members, which boosts the demand for segment growth in the market.
In terms of region, the global flush mount photo books market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the increasing demand for wedding albums. In the U.S. the average cost of printing a wedding album is less than $50 including the service and product cost for a basic form of a photo album. Rising consumer awareness and increased spending on weddings by consumers, boost the market growth in the region.
The market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to the wide number of weddings and other ceremonies taking place in the region. All of these weddings have the potential to generate a lot of demand for several albums and related items. A significant portion of sales is likely to come from the Indian and Chinese markets, where a significant portion of the budget is set aside for wedding-related spending.
Segments
The global flush mount photo album market has been segmented on the basis of
Type
Occasion
- Birthdays
- Weddings
- Anniversaries
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Advance Photo Lab Inc.
- White House Custom Colour.
- ASUKANET
- Midwest Photographic Resource Center Inc.
- Artifact Uprising
- Bay Photo Lab.
- Printique LLC.
- Zno Inc.
- Digital Pro Lab
- Shutterfly
- Picaboo
- MILK Tailor Made Books Ltd.
Competitive Landscape
Key players competing in the global flush mount album market share are Advance Photo Lab Inc.; White House Custom Colour.; ASUKANET; Midwest Photographic Resource Center Inc.; Artifact Uprising; Bay Photo Lab.; Printique LLC.; Zno Inc.; Digital Pro Lab; Shutterfly; Picaboo; and MILK Tailor Made Books Ltd.
These companies adopted development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production expansion to expand their global flush mount album market consumer base.
- In June 2021, Asukanet invested in Holo Industries LLC, the manufacturer of contactless, Holographic Touch Products. Asukanet is the world’s leading provider of holographic “ASKA3D-Plates”. The technology is made possible with Asukanet’s ASKA3D holographic sensors, plates, and holo industries’ proprietary software and hardware components.
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