Market Analysis

Industry & Market Analysis

According to the SBA National Information Clearinghouse, 80% of Americans surveyed said that they like to receive greeting cards and personal letters from friends and family, preferring greeting cards to e-mail, e-cards, text messaging, and phone calls. The greeting card industry, although lumped together with the gift, novelty, and souvenir shop industry, is a cornerstone of this industry and produces annual sales of $7.5 billion.

According to the Greeting Card Association (GCA), a popular trend is personalization. This trend shows no sign of slowing down – whether it is names or monograms appearing on products, or merchandise featuring some sort of DIY component. “People are seeing themselves more as producers not consumers, and want to be able to play a role in the product,” says GCA vice president Steve Doyle, senior VP of public affairs and communications at Hallmark Cards. He notes that this trend is part of what is being referred to as the “maker movement.” Says Doyle: “They want the ability to finish the product. For example, as a consumer, I might not want to go through all of the trouble to put together an entire scrapbook, but if someone can do most of the work and I can finish it, I’ve had a hand in doing it, not just purchasing it.”

Greeting Card Association

  • Americans purchase 6.5 billion greeting cards every year. Annual retail sales of greeting cards are estimated at more than $7.5 billion.

  • The average person receives more than 20 greeting cards in a year, about one-third of which are birthday cards.

  • The exchange of greeting cards is one of the most popular and widely accepted customs in the United States. There are cards for virtually any occasion or relationship.

  • Nine out of 10 U.S. households buy greeting cards, with the average household purchasing 30 individual cards in a year.

  • Women purchase an estimated 80% of all greeting cards. Women spend more time choosing a card than men, and are more likely to buy several cards at once and to pay attention to the price. Men generally focus on buying one card for a specific occasion, and are unlikely to consider cost a key purchasing factor.

  • Greeting card prices can vary from $0.50 cents to $10.00. The cost of a typical counter card, however, is between $2.00 and $5.00. Cards featuring special techniques, intricate designs and new technologies are at the top of the price scale.

  • There are more than 3,000 greeting card publishers in the United States, ranging from individual studios and small family-run companies to major corporations.

  • There are two categories of greeting cards – Seasonal and Everyday.

  • Total card sales are split approximately 50-50 between the Seasonal and Everyday categories.

  • The most popular Everyday cards are birthday cards, which account for more than half of all Everyday card sales, followed by wedding/anniversary, get well/sympathy, and friendship/encouragement cards.

  • The most popular Seasonal cards are Christmas and holiday cards, which account for more than 60% of all Seasonal card sales, followed by Valentine’s Day, Mother’s Day, Father’s Day and Graduation cards.

Industry & Market Analysis

The greeting card industry is a multi-billion-dollar global social phenomenon with more than a billion cards purchased in the U.S. during Christmas alone. This includes cards purchased by small businesses seeking to capitalize on an existing or possible relationship with their customer base. Yet, little is known about how small businesses strategically approach the use of greeting cards. This white paper outlines how greeting cards are a pervasive and potentially powerful business communication artifact. It reports the results of a nationwide survey of U.S. small businesses that collected data on the scope and content of professional greeting card use. The results indicate that small businesses across the U.S. are meaningfully engaging greeting cards during the winter holiday season as a business communication tool rich in symbolic and relational potential.

A Massive Industry Crossing the boundaries of the personal and the professional, even the sacred and the commercial, greeting cards continue to play a prominent role in modern social America. Each year, more than 6.5 billion cards are purchased, the sales totaling between $7 and $8 billion. Purchasing is ubiquitous across households—nine out of 10—and generations, with millennial buyers spending more on cards than the baby boomer generation, though baby boomers purchase more by volume. While birthday cards make up over half of the total cards purchased, Christmas cards make up the largest seasonal segment at upwards of 1.6 billion units purchased annually, followed by a distant 145 million cards for Valentine’s Day.vii According to the US Postal Service, while personal letter and invitation mailing has declined in recent years, total holiday greeting card units sent have been on the rise, increasing 3.8% between 2016 and 2018.viii Amidst these stacks of personally sent cards are masses of cards also sent by businesses, seeing the potential in the medium. Yet so little is known about such professional uses of greeting cards. This study offers foundational knowledge on greeting cards as business communication media and artifact. This white paper presents data from a nationwide study, with analysis propelled by existing literature on personal greeting cards and professional assessments of direct mailers.

Greeting Cards as Meaningful Objects It is little surprise to find that greeting cards retain deeply personal potential as a medium, given that their very design is often based on an open space that encourages senders to pen their own unique message. As reported by the Greeting Card Association, “75% of consumers who send holiday cards say they do so because they know how good it feels when they receive a holiday greeting.”This meaningfulness is historically situated, with cards as objects functioning in nuanced ways in different contexts.

Current card practices draw on various historical eras, including for example the Victorian tradition of viewing cards as an opportunity to bring aesthetic beauty into middle-class domestic spaces x or the mid-century development of exclusive licensing agreements to adorn greeting card companies with pop culture characters.Greeting card creators are successful, Barry Shank argues, when they “speak the emotional truth of the mainstream American culture,” allowing the sender to create an emotional connection with the recipient.

As Emily West has explained, this is “75% of consumers who send holiday cards say they do so because they know how good it feels when they receive a holiday greeting.”

Previous research quite the feat for the card manufacturers, given the irony of mass-producing objects that generate idiosyncratic personal sentimental connections. Of course, who sends them and when is determined by a sometimes murky set of social norms, such as whether one should or should not send a card based on whether sender A received a card from potential recipient B the previous year, especially if potential recipient B is higher status than A and did in fact send a card the previous year.

“75% of consumers who send holiday cards say they do so because they know how good it feels when they receive a holiday greeting.”

Sources: How to cite this study: (MLA) Lind, Stephen J. “What Small Businesses are Doing with Greeting Cards and Why: A National Study” Greeting Card Association. September 2022
http://www.greetingcard.org/wp-content/uploads/2022/09/Lind_WhitePaper-GreetingCards-2022-v1d-1.pdf
https://omsgca.wpenginepowered.com/wp-content/uploads/2020/09/Greeting-Card-Facts-2020-v4-2020-0914.pdf
https://hashtagpaid.com/banknotes/how-the-always-pan-inspires-authentic-user-generated-content