Labels & Packaging
The SGIA has published its 2010 Financial Outlook and Business Growth Plans Report, which reveals the latest market trends and profitable business strategies for the graphic, garment and industrial imaging communities.
The US report reveals that some 62.5 percent of respondents purchased some sort of digital printing equipment in 2009 and 73.6 percent plan to purchase digital equipment in 2010. The most influential criteria for choosing equipment are durability (55.8 percent) and quality (53.6 percent).
The survey also revealed that US garment decorator respondents plan to grow their business by expanding existing markets (67.5 percent), followed by developing new markets (52.8 percent) and adding production capacity (43.4 percent).
“SGIA surveys provide the specialty imaging community with a wealth of industry information so they can gain a competitive advantage in today’s marketplace,” says Dan Marx, SGIA’s Vice President of Markets and Technologies. “The 2010 Financial Outlook and Business Growth Plans survey is an illuminating look at specialty imager’s plans for future business growth and equipment acquisition.”
The full report, free to SGIA members and all survey participants, provides:
• Tactics for business growth for graphic, garment and industrial printers
• Anticipated sales growth through 2011
• Amount of work currently in-house
• Equipment purchase plans
To see all of the results from the 2010 Financial Outlook & Business Growth Plans Report, access the full report at SGIA.org, Keyword: Survey.
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