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The Hot Stamping Foils Market size is forecast to increase by USD 135.9 million, at a CAGR of 2.29% between 2023 and 2028. The market is experiencing significant growth due to several key factors. Firstly, the use of hot foil stamping to enhance the visual appeal of packaging and attract customers is driving market expansion. Additionally, the increasing demand for Fast-Moving Consumer Goods (FMCG) and Consumer Packaged Goods (CPG) products in emerging economies is contributing to market growth. Furthermore, the necessity for anti-counterfeit packaging solutions is also fueling market demand. Manufacturers are responding to this trend by producing advanced metallic hot stamping foils, incorporating features such as holograms and hologram foils, to ensure optimal adhesion on solid surfaces.
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The market share growth by the metallic segment will be significant during the forecast period. In this segment, almost all manufacturers provide metallic. The demand for metallic is expected to grow significantly during the forecast period due to the growing demand for premium and high-end packaging from the luxury goods market. The rise in disposable income in developing countries allows people to spend more on luxury goods and branded items, which often come with metallic hot-stamped packages. These factors will increase the segment growth during the forecast period.
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The metallic segment was valued at USD 586.40 million in 2018. Metallic foils are the most widely adopted, and they provide basic metallic shine, brightness, and gloss to the finished products. Metals are very versatile and can be used in a variety of surfaces or substrates, including paper, board, laminated surfaces, and varnish. These foils are mostly used in gold and silver colors, but a wide range of color prints are possible due to innovations in the hot stamping process. Some of the major applications of metallic include packaging, promotional materials, stationery, business cards, paperback/hardback book covers, annual reports, and labels. Such factors will increase segment growth during the forecast period.
The market is witnessing significant growth due to the increasing demand from various industries such as Consumer electronics, Automobiles, Cigarettes, Beverages, Textile, and Convenience food. The urban population and changing lifestyle are key factors driving the market growth. Hot Stamping Foils are used for luxury packaging solutions in various end-use industries. These foils offer properties like heat distortion resistance, moisture resistance, and abrasion resistance, making them ideal for various applications. The market for Hot Stamping Foils is segmented into Metallic Foils and Non-Metallic Foils. Metallic Foils are widely used in the automotive sector for various applications like car manufacturing and lithography. Adhesion and heat resistance are crucial factors for the selection of Hot Stamping Foils in the automotive sector. Non-Metallic Foils are extensively used in the credit card and debit card industry due to their flexibility and convenience. The market for Hot Stamping Foils is expected to grow at a steady pace due to the increasing demand from various end-use industries. Multi-layered coatings are gaining popularity in the market due to their superior properties and increased durability. The market is competitive, with key players including Mordor Intelligence, Data Bridge Research, and Transparency Market Research, among others. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the use of hot foil stamping to improve package aesthetics and attract customers. An important use of hot stamping foil is in consumer goods and product packaging, where it is used to enhance the visibility and aesthetic appeal of the product, thus helping attract and retain customer attention for longer. Techniques such as hot foil stamping, embossing, and various other printing effects are widely used in consumer-facing industries and products, such as food and beverages, cosmetics, and various other consumable and non-consumable products. Studies done by the Foil & Specialty Effects Association (FSEA) have conclusively shown that foil-stamped packaging improves product sales.
Therefore, hot stamping foil technology is used widely by marketing strategists and sales executives in consumer product organizations to increase product and brand recognition and sales. Apart from product packaging, hot foil stamping is also used in a variety of other applications, including greeting cards, books, covering papers, containers, and other products. This factor is one of the important drivers of the market globally. Thus, such factors are driving the growth of the market during the forecast period.
Innovation in the hot stamping foil industry is the major trend influencing market growth. The hot stamping foil industry has in recent years witnessed an inflow of several innovations into the market. Many foil vendors and stamping machine manufacturers are investing in research and development operations to reduce costs and increase the efficiency and performance of the hot foil stamping process. Hot stamping foil manufacturers, such as K LASER Technology and CFC International, also invest a significant amount of their revenues in product R&D activities. For instance, K LASER Technology has planned to invest in developing projects such as UV equipment, the process for deep structure pattern production, seamless holographic origination, and hologram seamless electroforming equipment.
API has also introduced an enhanced metallic hot-stamping foil, the MV-Plus Series, which exhibits better brightness, heat resistance, and adhesion characteristics over a variety of substrates and can utilize a greater range of inks than alternative printing technologies. These technologies are expected to give vendors a better competitive edge over alternate printing technologies and drive market growth in the future. Thus, such trends will shape the growth of the market during the forecast period.
Competition from alternative printing technologies is one of the key challenges hindering market growth. A few decades ago, hot stamping foil was the only option available to package designers and manufacturers for obtaining a metallic finish on product containers and packages. However, innovations in printing and packaging technologies have led to the development of several alternative techniques to achieve similar metallic effect finish and texture on packages, such as those provided by hot stamping foil. This factor is expected to pose a considerable challenge to the market during the forecast period.
Alternatives include cold stamped foils and laminates. Cold foil stamping systems, for example, have a quick and short set-up time, do not require any tooling or dies, and are efficient in both short and long print runs. A distinct advantage of cold foil is that this technique does not require stamping tools; instead, it utilizes printing plates, which are cheaper compared to hot stamping dies and can also be produced within a short duration. Hence, the above factors will impede the growth of the market during the forecast period
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Apifoilmakers- The company offers metallic hot stamping foils which are used for general graphic applications. Also, the company offers various foils such as metallic, code and date stamping foils, sheet-fed cold foils, and many others through its unified business segment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Europe is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. The market in Europe, especially in Eastern European countries, is expected to witness substantial growth due to the growing trend of out-of-home dining, including deliveries and takeaways. The changing food preferences of consumers, rise in disposable income, and growing demand for luxury dining are factors contributing to the growth of the market. Key countries where the demand for out-of-home dining is growing include Poland, Romania, and Bulgaria. In Western Europe, the growth in consumption of premium beverages, demand for value-added luxury items, and demand for smart packaging are expected to be key growth factors for the market. Hence, such factors are driving the market in Europe during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The market is witnessing significant growth due to the increasing demand from various industries such as Consumer electronics, Automobiles, Textile, and the Cosmetic market. Urbanization and changing lifestyles have led to an increase in the consumption of convenience food and beverages, leading to a surge in demand for decorative and functional hot stamping foils. The market landscape depends on the Printing and publication industry, Multi-layered coatings, Non-metallic foils. The market is segmented into Metallic foils, Non-metallic foils, Holographic foils, and Multi-layered coatings. Metallic foils are widely used in luxury packaging for cigarettes, beverages, and consumer electronics. Non-metallic foils, on the other hand, find extensive applications in the textile industry for decorative purposes. Holographic foils are used for anti-counterfeiting measures in banknotes and labels.
Moreover, the printing segment, including commercial print and label and packaging, is a significant end-user of hot stamping foils. Carrier films made of Polyester and Polypropylene are widely used in the production of hot stamping foils. The market landscape depends on the Wine and liquor packaging, currency notes, banking, legal transactions, credit cards, debit cards, flexible packaging solutions, car manufacturing sector, electronic industry, electrical appliances, personal mobility devices, printing industry, graphic arts items, and smart homes. The market is also witnessing the development of pigment foils for use in various industries, including cosmetics and personal care products such as nail polish, mascara, lotion, shampoo, eyeliners, and fragrance containers. The demand for hot stamping foils is expected to remain strong due to the growing urban population and the increasing popularity of convenience food and beverages. The market is also expected to be driven by the need for luxury packaging and anti-counterfeiting measures in various industries.
Market Scope |
|
Report Coverage |
Details |
Page number |
175 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.29% |
Market growth 2024-2028 |
USD 135.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.05 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
API FOILMAKERS LTD., Crown Roll Leaf Inc., Foil Stamp Solutions, FOLICO LTD., Henan Foils, ITW Specialty Films, K LASER TECHNOLOGY (HK) Co. Ltd., Katani Co. Ltd., Kolon Industries Inc., LEONHARD KURZ Stiftung and Co. KG, MURATA KIMPAKU Co. Ltd., NAKAJIMA METAL LEAF, POWDER Co. Ltd., Nova Polymers Inc., Oike Kogyo Co. Ltd., Peyer Graphic AG, Point Scandinavia AB, Rasik Products Pvt. Ltd., Spartanics, UNIVACCO Technology Inc., and Washin Chemical Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting , market forecast , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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