The $242 Billion Business of Corporate Gifts

Are you making sure that your products can be sold as gifts for clients and employees?

COVID helped the Corporate Gift Market to double in size, and it now stands at US$242 billion annually, worldwide, according to a study done by Coresight Research. It is even a bigger gift market than Christmas.

Of this $242 billion, approximately 60% will be spent on gifts to clients and partners outside the organization and 40% for internal employee recognition and awards.

For sellers, there are even marketplaces designed specifically for corporate gift buyers, such as CorporateGift.com and gifts include everything from food and alcohol to candles and apparel to (if you remember my blog post two weeks ago) “experiences“.

The only caveat is you might have to be able to produce significant volume in a short time, and the company might want corporate personalization on the product.

Be sure to also read my post, “How to Get Corporate Holiday Gift Orders“.