Hot Stamping Foils Market to Reach US$ 1,173.9 Mn by 2026 | CAGR of 3.5%
Hot
stamping is a dry printing method of lithography, which involves
transfer of pre-dried ink or foil onto a surface by applying high
temperature and pressure. Hot stamping foils can be classified into
the following types: metallic foils, pigment foils, hologram foils,
and specialty foils. Equipment used for transferring hot-stamped
prints onto solid surfaces are known as hot foil stamp printing
machines. Hot stamping machines use hand-set letters for
personalization, which can include names, dates, and titles or they
use metal dies for graphic designs and logos. In a hot stamping
machine, the die is heated and the product to be stamped is placed
beneath it. A metallized or painted roll-leaf carrier is inserted
between the die and the product to be stamped. The die is then
pressed onto the product by applying high temperature and pressure.
Thus, the dry paint or foil is impressed onto the surface of the
product.
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In
terms of product, the global hot stamping foils market can be
segmented into metallic foils, pigment foils, hologram foils, and
specialty foils. Metallic foils is the most widely used product type
of hot stamping foils. Pigment foils are is most versatile product
type of hot stamping foils. However, the market share held by the
pigment foils segment in the hot stamping foils market is likely to
decline by the end of the forecast period. Hologram foils is
estimated to be the rapidly expanding product segment during the
forecast period. Hologram foils are used to make holograms for use on
products for identification of the product and its brand and to mark
the product as authentic and genuine. Hot-stamped holograms are found
on the packaging of confectioneries, cosmetics, automotive parts,
textiles, and similar merchandised items. They are also used for
making holograms on credit and debit cards and important government
documents for the purpose of security and prevention of
counterfeiting.
Based
on carrier film, the global hot stamping foils market can be
segmented into paper, cellulose acetate, polyester, polypropylene,
PET, and polythene. Polyester is estimated to be the largest carrier
film segment of the hot stamping foils market during the forecast
period. The segment is expected to maintain its dominance throughout
the forecast period. It has, however, reached maturity and hence, the
segment is likely to expand at a sluggish pace from 2018 to 2026.
Paper, polypropylene, and PET are emerging carrier film segments. Hot
stamping foils with these carrier films are increasingly being
adopted due to recyclable nature of these carrier films. Hot stamping
as a process is quite eco-friendly, as it does not involve inks and
the paper carrier used can be easily recycled. The cellulose acetate
segment is estimated to expand at the most rapid pace during the
forecast period. Hot stamping foils with cellulose acetate carrier
films are primarily used in hot stamping of textiles and hot stamping
on clothing labels. The polythene segment is likely to witness
decline in the demand, due to increasing focus of consumers on using
eco-friendly materials as carrier films. Polythene is
non-biodegradable and it causes pollution. Hence, the polythene
segment is likely to lose market share to other segments during the
forecast period.
Based
on labels & packaging, the global hot stamping foils market can
be segmented into narrow web labels, wet glue labels, folding
cartons, flexible packaging, and corrugated packaging. Narrow web
labels is the largest segment of the global market. It is also the
most diversified application technology. Wet glue labels is the
oldest application technology. Wet glue labels are primarily applied
on wine and beverage bottles made of glass. However, the market is
expected to witness shift from wet glue labels to narrow web labels
during the forecast period. Hot stamping is carried out on corrugated
packaging for gift boxes, perfumes, wines and liquors, and cosmetics
to impart shine to surfaces and enhance appearance of the packaging.
Corrugated packaging is anticipated to be the rapidly expanding
labels & packaging segment of the hot stamping foils market
during the forecast period. Folding cartons and flexible packaging
segments are projected to expand at a significant growth rate between
2018 and 2026.
In
terms of end-user industry, the global hot stamping foils market has
been classified into cigarettes & beverages, cosmetics, consumer
electronics, pharmaceuticals, automobiles, currency printing, textile
& apparels, and publication & commercial. Cigarettes &
beverages is the dominant end-user industry segment of the market for
hot stamping foils and is estimated to maintain its dominance during
the forecast period. Pharmaceuticals is estimated to be the rapidly
expanding segment of the market for hot stamping foils from 2018 to
2026. The currency printing segment is likely to expand at a
substantial rate throughout the forecast period.. The segment is
expected to lose market share between 2018 and 2026, due to steps
such as demonetization and transition to cashless economy in
developing countries such as India.
Based
on region, the global hot stamping foils market can be classified
into North America, Europe, Asia Pacific, Middle East & Africa,
and Latin America. Europe is estimated to be the largest market for
hot stamping foils across the world. Asia Pacific and Latin America
are estimated to be rapidly expanding markets for hot stamping foils
during the forecast period. Growth of the market in Asia Pacific and
Latin America can be attributed to growth of the packaging industry
in these regions. The market for hot stamping foils in Europe and
North America is likely to witness sluggish growth, as these are
already mature markets.
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The
global hot stamping foils market is quiet fragmented with a large
number of local players operating in the regional markets. Key
players operating in the global hot stamping foils market are API
Group, Kurz, UNIVACCO Foils Corporation, Crown Roll Leaf Inc., Foilco
Limited, Nakai Industrial Group, CFC International, Washin Chemical
Industry Co., Ltd., and K Laser.
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