Awards and prizes are the true recognition of one's achievements. The award manufacturing companies agree with this and truly depict work of art while manufacturing awards, prizes, plaques, badges and so on. Although the awards and prizes manufacturing industry is not an organized industry and do not possess any specific statistics about production and consumption of awards and prizes, it sure is a successful industry even in the times of tough economy worldwide. The reason for this might be in the simple fact that companies can't spend a lot on valuable gifts and foreign trips of their employees in this time of global recession but they can appreciate them by giving away awards for their contribution to the company.

Most of the production of awards and prizes for big events like sports and international recognition are outsourced to the countries where the labor is cheap and also the art of making awards is refined. These are mostly South-east Asian countries like China, India, Pakistan etc. from where the awards are sent to countries in the USA, Europe and other parts of the world. As far as raw material for awards and prizes are concerned, apart from gold, silver, brass and copper shield, awards and prizes other rare materials like glass, crystal, acrylic etc. are also used extensively for making awards and prizes.