Promotional products are a must have for all businesses in 2020
Outstanding statistics show how increasingly popular promotional products have become
Promotional products are continuing to show their increasingly high demand and popularity year by year. According to Sourcing City, branded products have continuously been on the up over the past few years and have some amazing figures that your company needs to know. If your company has not considered promotional materials before, it’s time to have a change! Ensure not to miss out on the potential that branded goods will have on your business in 2020.
Why promotional products are a must-have for 2020
Sourcing City is a well-known, reliable, market leader that identifies online digital & mobile trade services, networking trade events, promotional merchandise industry and more! They provide valuable reports to show the overall performance and growth as a yearly comparison. This allows you to see how the industry has grown/changed from previous years and which areas stand out most.
From these reports we can identify some of the incredible statistics that show how increasingly popular promotional products are becoming:
- Promotional bag enquires has raised from 84,103 in 2012 to 135,820 in 2018.
- Branded sports bottles have had a +380% increase in sales from 2012-2018.
- The market value of promotional Bags has increased to £178,911,356 in 2018 which is 14% of the market value.
- The biggest increase in the market share was experienced by sports bottles, who’s market square has grown 1.9% from 2017 to 2018.
- 85% of promotional product recipients will eventually so business with the advertiser.
To view the full report, this can be accessed by purple club members by clicking here.
Transform your business with EverythingBranded
EverythingBranded has a wide range of thousands of promotional products to choose from, meaning there is a product perfect for every business! Our branded products can be custom designed and branded with your company logo and message, to help increase brand awareness and leave a lasting impression with your clients. Be sure your business doesn’t miss out in 2020 and order your own promotional products today!