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.
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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.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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