The most important scrapbooking supply is the album itself, which can be permanently bound, or allow for insertion of pages. There are other formats, such as mini albums and accordion-style fold-out albums. Some of these are adhered to various containers, such as matchbooks, CD cases, or other small holders.

Modern scrapbooking is done largely on 12"×12" or 8½×11" pages. More recently smaller albums have become very popular. The most common new formats are 6"×6", 7" x 7", or 8"×8".

Basic materials include background papers, photo corner mounts (however, there are many more choices than just photo corner mounts - sticky dots, glue sticks that are acid-free, etc...), scissors, art pens, and mounting glues. More elaborate designs require more specialized tools such as die cut templates, rubber stamps, craft punches, stencils, inking tools, eyelet setters, heat embossing tools and personal die cut machines.

Various accessories, referred to as "embellishments," are used to decorate scrapbook pages. Embellishments include stickers, rub-ons, stamps, eyelets, brads, chipboard elements in various shapes, alphabet letters and ribbon. The use of die cut machines is also increasingly popular; in recent years an electronic die-cutting machine, similar to a printer, can be connected to one's computer to cut any shape or font.

One of the key components of modern scrapbooking is the archival quality of the supplies. Designed to preserve photographs and journaling in their original state, materials encouraged by most serious scrapbookers are of a higher quality than those of many typical photo albums commercially available. Scrappers insist on acid-free, lignin-free papers, stamp ink, and embossing powder, and pigment based inks, which are fade resistant, colorfast, and often waterproof. Older "magnetic" albums were not acid-free and thus caused damage to the photos and memorabilia included in them.

In addition to the collection of photographs, tickets, postcards, and other memorabilia, journaling is an essential element in modern scrapbooks. More than just dating photographs, contemporary journaling is often reflective and story-like, or can take on a more reportive tone. Whatever the style of journaling that the scrapbooker chooses to implement, journaling is considered a priority in the completion of a scrapbook layout, second only to the photographs themselves.