05 February 2019
HP Graphics Solutions Business has launched a personalisation framework, The Personalisation Pinwheel, intended to help brands to accelerate business growth and increase consumer engagement.
Informed by insights from more than 45 million online conversations in four markets across the globe, the framework hones in on what motivates consumers to personalise – from photo books to magazine covers to consumer packaged goods – and how brands can capitalise on those motivations.
An accompanying infographic outlines the value of the personalised gift market as $31 billion USD by 2021, up 55 percent from 2016 according to statistics from Technavio. Some 70 percent of shoppers are said to be willing to pay at least 10 percent more for personalised products. Figures from Deloitte identify more than 50 percent of Millenials and Gen Z expressing a desire for personalised products.
Nancy Janes, global head of brand innovation at HP, explained: ‘Personalisation is a powerful tool to create meaningful experiences with consumers. It increases brand loyalty and engagement and at the same time accelerates business growth and speed to market. HP’s digital printing capabilities are transforming how consumers connect to brands through personalised packaging and products.’
Charles Ohiaeri, chief fulfilment officer at Zazzle, added: ‘In our eyes, personalisation encompasses far more than just customised or stylised products; it’s about how we can intelligently curate and contour the whole experience for those in our community – makers, designers and consumers alike. HP’s digital printing solutions allow us to serve our customers in ways we would not have considered previously.’
The six spokes of The Personalisation Pinwheel cover: