Personalized Gifts Market is expected to reach USD 44580 million by 2028: Report
17 October 2022: Everybody loves personalized gifts such as custom t-shirts, magnets, photo albums, coasters, wall canvases, and more. A customized gift is made by taking a normal everyday item and then tailoring that item to include a personalized message, days, custom inscriptions, names, etc. The product range include: Custom photo prints, Key rings, Pens, Cushions, Cups, Coasters, Photo books, Drinking glasses, Pens and Pen Sets, Tote Bags, Personalized Corporate Promo Gifts, Dressing Gowns and Pajamas, Books, Calendars, Clothing, Water bottles, Stationary, Jewelry, Puzzles – the list is endless.
Latest update is that the global market for Personalized Gifts estimated at USD 30140 million in the year 2022, is projected to reach a revised size of USD 44580 million by 2028, growing at a CAGR of 6.7% during the forecast period 2022-2028.In terms of geographic regions, the North Americas accounted for the major share in the customized gifts market in 2017, according to a recent study by 360marketupdates.
With the increasing demand for seasonal gifting items in countries such as the US, the region will continue to contribute to the major growth of this market throughout the forecast period, the 360marketupdates report said. Personalized Gifts Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2022 to 2029, the reader can identify the footprints of manufacturers in the Personalized Gifts industry.
Some of the major players covered in the market report are: CafePress, Things Remembered, Cimpress, Getting Personal, PersonalizationMall, Disney, Funky Pigeon, American Stationery, Hallmark, Memorable Gifts, Etsy, Redbubble, Signature Gifts, The Original Gift Company, Zazzle, among others.
A personalized gift is more likely to be noticed, treasured, and kept for a longer period of time. For the majority of the personalized gift items, digital printing (sublimation or direct to substrate printers). Because digital printing can take the artwork in digital form and directly transfer this onto a product using software, it is the most time and cost-effective solution. The software allows a person to upload a file, proof the design, and send it directly to the company which prints personalized gifts. Unlike screen printing, Digital printing does not require the use of any stenciling, and therefore, the print can be made in a single batch run, in most cases, the template is already in place, and the end-user will simply add custom text to their product.
However, there are a number of designs that don’t work too well with sublimation printing. A typical example of such a design can be found with block colors. For designs that require slogans, direct-to-garment printing is a more suitable option.