Scrapbooking is a popular hobby that has been around for generations. In recent years, the market size for scrapbooking has been steadily increasing. According to a report by IBISWorld, the scrapbooking industry in the United States is worth $1.4 billion and is expected to continue growing.
One reason for the growth of the scrapbooking market is the rise of DIY culture. People are increasingly interested in creating things themselves, and scrapbooking is a fun and creative way to do that. Additionally, the rise of social media has made it easier to share and showcase scrapbook projects, which has helped to generate interest in the hobby.
Another factor contributing to the growth of the scrapbooking market is the aging population. As baby boomers retire, they have more time and disposable income to spend on hobbies like scrapbooking. Additionally, many older adults enjoy scrapbooking as a way to preserve memories and pass down family history to future generations.
The market for scrapbooking is also driven by the availability of new and innovative products. Scrapbooking companies are constantly developing new materials and tools to make the hobby more accessible and enjoyable. This includes things like pre-made scrapbook pages, themed embellishments, and digital scrapbooking software.
Despite the growth of digital scrapbooking, traditional scrapbooking remains popular. According to a survey by the Craft & Hobby Association, 60% of scrapbookers still prefer to use physical materials like paper and stickers. This is good news for companies that specialize in traditional scrapbooking supplies.
Overall, the market size for scrapbooking is expected to continue growing in the coming years. As more people discover the joys of this creative hobby and as new products and innovations are introduced, the industry is poised for continued success. Whether you prefer traditional or digital scrapbooking, there has never been a better time to get involved in this fun and rewarding hobby.