Stamping Foils Market: Introduction
Transparency Market Research delivers key insights on the global stamping foils market. In terms of revenue, the global stamping foils market is estimated to expand at a CAGR of 3.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global stamping foils market.
The global stamping foils market is broadly affected by several factors, including increase in usage of stamping foils in various end-use industries such as cigarettes and food & beverages, cosmetics, consumer electronics, pharmaceuticals, automotive, textile & apparel, publication & commercial, and others. Increase in demand for holograms in various end-use industries is expected to be the primary driver of the global stamping foils market. Rise in demand for product appeal in the printing & packaging industry is also propelling the demand for stamping foils across the globe.
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Stamping Foils Market: Dynamics
Stamping foils are primarily used in applications such as metallic foil or holograms to foil materials such as light papers, carton boards, laminated boards, plastics, and corrugated boards. Stamping foils are widely used in the packaging industry. Applications of stamping foils include food, pharmaceuticals, tobacco, and luxury goods packaging, as well as labels for products such as wine and spirits. Besides packaging, hot foil stamping is extensively used on banknotes and greetings cards.
Stamping foils are generally of two types: hot stamping foils and cold stamping foils. During hot foiling, heat and pressure are applied to the foil, which is pressed against the medium supported by a plate or cylinder. It is widely used in the finishing of packaging products such as food, medicine, beverages, as well as high-end luxury products. Foil stamping is also used on currency notes, artwork, as well as for designing greeting cards, wedding invitations, book covers, paper stock, etc.
Stamping foils are used in many end-use industries such as cigarettes and food & beverages, cosmetics, consumer electronics, pharmaceuticals, automobiles, textile & apparel, and publication & commercial.
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Stamping Foils Market: Prominent Regions
Europe holds major share of the global stamping foils market. The market in the region is anticipated to expand at a CAGR of 2.5% during the forecast period. Increase in demand for stamping foils in various end-use industries such as food & beverages, cosmetics, consumer electronics, pharmaceuticals, and automotive in Europe is driving the stamping foils market in the region. Germany is a key country of the stamping foils market in Europe. It held a significant share of the stamping foils market in Europe in 2020. The country is estimated to maintain its dominant position in the region during the forecast period.
North America is also a prominent region of the global stamping foils market, followed by Asia Pacific, Latin America, and Middle East & Africa. The U.S. led the stamping foils market in North America in 2020. Expansion of the food & beverage industry in North America is driving the stamping foils market in the region.
Stamping Foils Market: Major Players
The global stamping foils market is consolidated with the presence of key players. Prominent players operating in the global stamping foils market include ITW Foils, LEONHARD KURZ Stiftung & Co. KG, UNIVACCO Foils Corporation, Nakai Industrial Co., Ltd., Pura Group, Crown Roll Leaf, Inc., Henan Foils, Foilco Limited, and Arnav Resources Inc.