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Posts Tagged ‘Printed Carrier Bags’

Printed Bags remain top promotional product in a recovering market

Monday, January 23rd, 2012

A recent report on the promotional merchandise market in the UK and Ireland over the past five years – produced by Sourcing City, a leading provider of information services to the trade – shows the effects of the global recession but indicates that the market is slowly recovering, with printed carrier bags fairing better than other products.

The largest effect of the world economic downturn was felt by the promotional merchandise market in 2009, when the sector’s revenue fell by over 26%. During 2010 and 2011, the market has grown slightly to some £754 million but remains about 15% smaller than in 2008.

The report also shows a slow-down in the number of distributor companies ceasing trading. The number of failures in 2011 was just 69, although the overall number of distributor companies in the market has remained relatively constant over the past five years, due to both brand-new start-ups and the number of ‘phoenix’ firms that have restarted to shed their debts. The number of supplier failures in 2011 was 59, the highest annual figure recorded to date. Since January 2006 the industry as a whole has seen 769 companies cease to trade, of which 540 were distributors.

The market review also shows little change in recent years in the top promotional product groups. Printed carrier bags continue to be the top revenue earner, followed by pens/pencils and plastic giveaways. Then follows clothing at fourth spot and mugs come fifth. Interestingly, USB sticks lost their position at number six during 2011, slipping back to ninth.

The carrier bag category continues to show growth in market share, increasing its proportion from 12.8% in 2009 to 14.3% in 2010 and 16.6% in 2011.