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CHEMICALS AND ADVANCED MATERIALS

Hot Stamping Foils Market Analysis by Product (Metallic, Pigment, Hologram, and Specialty); by Carrier Film (Paper, Cellulose Acetate, Polypropylene, Polythene, Polyester, and PET); by Label & Packaging (Narrow Web Label, Wet Glue Label, Folding Cartons, Flexible Packaging, Corrugated Packaging, and Printing); and by End-user (Cigarettes & Beverages, Cosmetics, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • May, 2021: UNIVACCO Technology Inc. has introduced the Univacco Hot Stamping Foil OF-06 Series, a solution for food packaging, chocolate packaging, healthcare packaging, and cosmetics packaging. In addition, it is well suited for various stamping facilities, especially the flat-bed press.

  • August, 2022: LEONHARD KURZ Stiftung & Co. KG company’s unique LUMAFIN hot-stamping formulation has been used by the young brand Tea Amo to entice connoisseurs, not only with their tea flavors but also with the unique and brightly colored designs on their labels. The aluminum-free decoration using a hot stamping formulation is appealing and elegant.

Global Hot Stamping Foils Market Highlights Over 2023 - 2033

Base Year                                    

2022

Forecast Year

2023-2033

 CAGR

~5%

Base Year Market Size (2022)

~USD 2 Billion

Forecast Year Market Size (2033)

~USD 3 Billion

The global hot stamping foils market is estimated to garner a revenue of ~USD 3 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023–2033. Furthermore, the market generated USD 2 billion in revenue in 2022.In order to spark consumer interest, packaging manufacturers across the world are using hot stamping foils to offer aesthetic appeal. Thus, the boom in the packaging industry in the world is projected to augment the hot stamping foils market in the assessment period. Recent reports revealed that the packaging industry in the United States was valued at USD 190 billion in 2021 and is forecasted to reach USD 220 billion by 2027.

Hot Stamping Foils Market Overview

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The great offerings of hot stamping foils such as heat distortion and resistance to scratch, moisture, and abrasion are anticipated to increase the rate of utilization of hot stamping foils in the packaging industry in the upcoming years. These various benefits are expected to broaden the applications of hot stamping foils in the packaging industry. Thus, the increment in the demand for packaging around the globe is expected to ultimately push the growth of the global hot stamping foils market during the forecast period. Between 2017 and 2022, the global demand for flexible packaging solutions grew from almost USD 200 billion to USD 250 billion.

Market Definition:

A machine based process of relief printing in which pre-dried ink or foils are transferred to a surface at high temperature and high pressure. In other words, the method of applying metallic foil or holograms to materials such as light papers, carton board, laminated board, plastics and corrugated board, using heat and pressure foil with the colors that are applied to a product through a process known as hot stamping. The pigment is placed on a clear film, which acts as a carrier that transfers the color onto the product. Another layer of the foil consists of pigmented sediments, and a third layer is a heat-activated adhesive that sticks the sediments onto the product. Hot stamping foil is primarily used in in the packaging industry, and its applications include food, pharma, tobacco, and luxury goods packaging, as well as labels for products such as wine and spirits. Beyond packaging, hot foil stamping is extensively used on banknotes, greetings cards, and other industries.

Global Hot Stamping Foils Market: Growth Drivers and Challenges

Growth Drivers

  • Growth in the Printing Industry—The high durability and workability of the hot stamping foils is expected to be a growth factor for the hot stamping foils market. Thus, the continuous expansion of the printing industry is forecasted to raise the sales of hot stamping fuel in recent times. A latest survey suggested that the global printing industry stood at approximately USD 770 billion in 2021. This figure is an increment from USD 750 billion in 2020 and is forecasted to grow steadily to USD 830 billion in 2026.

  • Boom in the Automotive Industry – Hot stamping foils are used in the automotive industry to offer good stamp ability, adhesion, heat resistance, and improved performance in vehicles. The growth in the automotive industry is thus contemplated to raise the sales of hot stamping foils in the assessment period. Recent calculations stated that revenue generation by the global automotive industry by 2030 is projected to reach USD 9 trillion.

  • Expansion in the Electronics Sector - As per recent estimates, it was calculated that the revenue generated by the U.S. electronics industry in 2019 stood at USD 300 billion.

  • Swelling of Chemical Industry – Latest reports stated that the revenue garnered by the global chemical industry in the year 2021 was approximately 4 trillion dollars, a considerable increment from the previous year of 3 trillion dollars.

Challenges

  • High Costs of the Raw Materials
  • Increased Costs of the Production Process
  • Stringent Rules by Government

The hot stamping foils market is segmented and analyzed for demand and supply by end-user into cigarettes & beverages, cosmetics, consumer electronics, textile & apparel, automobiles, currency printing, and publication & commercial. Out of these, the cigarettes & beverages segment is expected to hold the largest share of the market by 2033. The primary reason for the growth of the cigarettes & beverages segment is the high consumption of the products. It was estimated that approximately 5 trillion cigarettes were consumed worldwide in 2020. While non-alcoholic beverage sales in the United States are expected to reach USD 400 million by 2021.

Major Macro-Economic Indicators Impacting the Market Growth

Hot Stamping Foils Market Regional chart

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Hot Stamping Foils Market Regional Synopsis

Regionally, the global hot stamping foils market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2033, owing to the increase in demand for vehicles by the burgeoning population. As per the International Organization of Motor Vehicles, the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region were 42,663,736 units in 2021, a rise from 40,322,544 in 2020. Furthermore, the expansion of the printing sector in the region is another factor that is expected to augment the hot stamping foils market. The Indian print industry was valued at over 220 billion Indian rupees in 2021. With an annual growth rate of around 3%, the print industry is further anticipated to be valued at 250 billion Indian rupees by 2024. Also, the rapid growth of the packaging industry is expected to propel the market growth. It was calculated that China’s packaging industry is forecasted to grow with a steady CAGR of 13% till 2026.

Hot Stamping Foils Market Regional Synopsis

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The global hot stamping foils market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global hot stamping foils market includes the following segments:

By Product

  • Metallic Foils
  • Pigment Foils
  • Hologram Foils
  • Specialty Foils

By Carrier Film

  • Paper
  • Cellulose Acetate
  • Polypropylene
  • Polythene
  • Polyester
  • PET

By Label & Packaging

  • Narrow Web Label
  • Wet Glue Label
  • Folding Cartons
  • Flexible Packaging
  • Corrugated Packaging
  • Printing

By End User

  • Cigarettes & Beverages
  • Cosmetics
  • Consumer Electronics
  • Textile & Apparel
  • Automobiles
  • Currency Printing
  • Publication & Commercial

Top Featured Companies Dominating the Global Hot Stamping Foils Market

  • LEONHARD KURZ Stiftung & Co. KG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • API FOILMAKERS LIMITED
  • CFC International (ITW Foils)
  • Crown Roll Leaf Inc.
  • Nakai Industrial Company
  • Oike & Co., Ltd
  • UNIVACCO Technology Inc.
  • Washin Chemical Industry Co. Ltd.
  • Haining Longtime Industry Co.,Ltd (Kolon Corporation),
  • Nakajima Metal Leaf, Powder Co. Ltd., Foilco Limited
  • MURATA KIMPAKU Co. Ltd.

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