The flush mount photo album market is anticipated to reach approximately USD 6.5 billion by 2022. It accumulated about USD 3.3 billion in 2014. The market will witness high demand in the forecast period (2015 to 2022) from photojournalism and theme-based weddings. New trends among professionals and newlyweds should drive the market.
These albums are hard cover albums with thick & unbending pages. Photos are mounted on cardboards and laid flat and extended across pages. The trend of matted photo albums is expected to improve market growth. Freedom and flexibility provided by such albums drive the market.
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Benefits of custom flush mount photo albums like real leather binding, larger photographs, and computer aided graphic designs can boost market demand in the seven years ahead. Professionals and customers are the main end-users of the flush mount photo album market. Professionals could dominate the market during the forecast period, occupying over 65% shares in 2014.
Customers create their own albums to select layouts and decrease prices, thus introducing new market opportunities. Newlyweds opting for customized wedding albums will drive this segment. Other end-users include travel diaries and fashion photo portfolios. Preference for flush mount photo albums over conventional ones is attributed to their thick pages and unbending covers. But their high costs and popularity of e-albums may restrain the market.
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In terms of geographies, Asia Pacific would grow at 9.5% CAGR from 2015 to 2022. High sales are expected from India and China, having large wedding budgets. The market can capitalize on this untapped region and boost its potential. With 12, 000 wedding ceremonies and 1.5 million photos in India per year, the region has massive potential for multiple photo albums and related merchandise.
Renowned players of the global flush mount photo album market comprise AsukaBook, Milk Books, Picaboo, AdoramaPix, and Digital Pro Lab. Companies adopt advanced photo printing techniques and layout designs while adhering to personalized requirements. In addition, they utilize real photo printing for seamless tones while adhering to stern customized requirements.
Companies like Mpix and Bay Photo Lab collaborate with personalized service providers to help customers order online and meet their demands.
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