MR - Paid Product Placement Outpaces Traditional Advertising
19 09 2006According to the PQ Media Global Product Placement Forecast 2006, global paid product placement spending surged 42.2% to $2.21 billion in 2005 with double-digit growth expected to continue in 2006 and beyond. Product placement spending in TV, film and other media is expected to climb another 38.8% to $3.07 billion in 2006, driven by the continued shift toward a paid placement structure from a barter and added-value model….
The US is by far the world’s largest paid product placement market at $1.50 billion in 2005, up 48.7%. Additionally, in 2005:
* Brazil ranks second with paid placement spending at $285.3 million
* Australia at $104.3 million
* France ranks fourth
* Japan, fifthPQ Media forecasts that global paid product placement spending will grow at a compound annual rate of 27.9% in the 2005-2010 period to $7.55 billion, as product placement growth continues to significantly outpace that of traditional advertising and marketing. The overall value of the worldwide product placement market, says the report, including the barter/exposure value of non-paid placements, will increase 18.4% compounded annually to $13.96 billion in 2010.





