Hot Stamping Foils Market: Introduction
Transparency Market Research delivers key insights on the global hot stamping foils market. In terms of revenue, the global hot stamping foils market is estimated to expand at a CAGR of 4.4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global hot stamping foils market.
The global hot stamping foils market is broadly affected by several factors, including increase in usage of hot stamping foils in various end-use industries such as cigarettes & beverages, cosmetics, consumer electronics, textile & apparel, automobiles, currency printing, and publication & commercials. Rise in global demand for cigarettes & beverages and cosmetics has led to significant growth in usage of hot stamping foils. The expansion of the cigarettes & beverages end-use segment is expected to be the primary driver of the global hot stamping foils market.
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Hot Stamping Foils Market: Dynamics
Hot stamping foils are widely used in areas like plastics, paper, cosmetics, greeting cards, and other packaging and graphics industries where appearance, color, and workability are essential. The exceptional offerings of hot stamping foil such as heat distortion, as well as scratch, moisture, abrasion and chemical resistance, makes it ideal for various packaging applications. It increases the aesthetic appeal of the product, thereby attracting consumer attention. The addition of extra layers on the surface of the object also helps to increase the shelf life of the product.
The cigarettes & beverages end-use segment is expected to expand considerably during the forecast period. Thus, rise in production of cigarettes, beverages, cosmetics, and pharmaceuticals is projected to boost the demand for hot stamping foils during the forecast period.
Manufacturers are focusing on cigarettes and beverages, as the share held by this segment in the hot stamping foils market is likely to increase during the forecast period.
Hot Stamping Foils Market: Prominent Regions
Europe holds major share of the global hot stamping foils market. The market in the region is anticipated to expand at a CAGR of more than 3.3% during the forecast period. Increase in demand for hot stamping foils in various end-use industries in Europe such of cigarettes & beverages and cosmetics is driving the hot stamping foils market in the region. Germany is a key country of the hot stamping foils market in Europe. It held significant share of the hot stamping foils market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
Asia Pacific is also a prominent region of the global hot stamping foils market. China led the hot stamping foils market in Asia Pacific in 2020. Increase in demand for hot stamping foils in cigarettes, beverages, cosmetics, and pharmaceuticals is driving the hot stamping foils market in China.
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Hot Stamping Foils Market: Major Players
The global hot stamping foils market is consolidated with the presence of key players. Prominent players operating in the global hot stamping foils market include Leonhard Kurz, API, CFC International (ITW Foils), Crown Roll Leaf, Nakai Industrial, Oike, Univacco Foils, Katani, Washin Chemical Industry, Kolon Corporation, K Laser, Nakajima Metal Leaf, Powder Co. Ltd., Foilco, Murata Kimpaku Co. Ltd, and Henan Foils.
Global Hot Stamping Foils Market: Segmentation
Hot Stamping Foils Market, by Product
- Metallic Foils
- Pigment Foils
- Hologram Foils
- Specialty Foils
Hot Stamping Foils Market, by Carrier Film
- Cellulose Acetate
Hot Stamping Foils Market, by Label & Packaging
- Narrow Web Label
- Wet Glue Label
- Folding Cartons
- Flexible Packaging
- Corrugated Packaging
Hot Stamping Foils Market, by End-use
- Cigarettes & Beverages
- Consumer Electronics
- Textile & Apparel
- Currency Printing
- Publication & Commercial
Surging Demand for Hot Stamping Foils from Cigarettes & Beverages End-use Segment
The increasing adoption of hot stamping foils for the packaging of beverages is a major factor driving the global hot stamping foils market. Growth and advancement in urban population and changing lifestyle have led to increasing popularity of hot stamping foils in the packaging of wines, liquors, etc. It can also be used as one of the layers in snack pouches and liquid cartons. Manufacturers are investing on research & development activities related to applications of hot stamping foils in the food & beverages industry. This is leading to continuous product innovations, boosting the demand for hot stamping foils.
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Hot stamping foils are preferred material for the packaging of cigarettes due to their properties such as good stampability, adhesion, heat resistance, and improves performance. The increasing usage of hot stamping foils in improving look and appearance of products is contributing to revenue growth and lucrative business opportunities for manufacturers in the hot stamping foils market. Governments are encouraging manufacturers to develop high-quality products to mark their presence in the global hot stamping foils market.
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