The document summarizes projections for the retail photo output market through 2012. It finds that demand for conventional prints will continue declining while personalized printed products show strong growth potential. Barriers like the recession and lack of leadership are slowing the industry's transformation, but opportunities exist in areas like photo books, calendars, and on-demand fulfillment of everyday photo products from home computers. The growth of personalized printed products could turn a contracting category into an overall growth opportunity for retailers.