Cold stamping is predicted to increase at a faster CAGR throughout the forecast period, owing to its expanding applications and late market introduction. The global printing market is always developing due to new printing processes, materials, and so on. During the past year, consumer tastes have shifted from boring and unappealing images to new, eye-catching visuals. Companies are putting more resources into printing and designing their products to gain customers.
Barcode foils and tapes are employed in the printing process as more than just a marking medium on invitations, envelopes, packaging products, greeting cards, other electronic items, consumer goods, automobile parts, and so on.
There are two kinds of coding foils and tapes: cold stamping foils and hot stamping foils. Metallic foils, pearl foils, pigment foils, and holographic foils are the different types of hot stamping foils. A coding foil is put between a die and a substrate during the foiling process. There are two types of foiling processes: manual foiling processes and pneumatic foiling processes.
Coding foils and tapes are employed in industrial printing, and they control a sizable portion of the worldwide industrial printing industry. The packaging business is a large end-use industry that heavily relies on coding foils and tapes to stamp expiration dates, production dates, pricing data, and other information on packaging items such as cartons, bottles, containers, and bags.
Such demand in various markets will propel the worldwide demand for coding foils and tapes during the foreseeable period. The growing customer demand for appealing and glossy printing on everyday items is boosting the worldwide coding foils and tapes market, which is dominated by the coding foils and tapes sector.
Hot stamping foils are the most popular alternative to cold foils. Cold stamping is a novel technique with little penetration in various end-use industries. The UV curative cold stamping procedure is limited in only working with a restricted number of colors. The most common end-use sectors for hot stamping foils include consumer electronics, automotive, textiles, packaging and labeling, and invitation cards.
Textiles and cosmetics are predicted to be the fastest-expanding end-use industries in the worldwide coding foils and tapes market. Region-wise, North America is predicted to dominate the market, followed by APEJ. Due to its obvious expanding middle class and improved economic conditions, APEJ is predicted to be the fastest-growing region.
The coding foils and tapes market in China is the largest contributor to the APEJ region. Western Europe is expected to fare well throughout the projected period despite the economic recession, political turbulence, and immigration problems.
The global printing market is evolving daily with new printing technologies, materials, etc. Consumer preferences have changed from dull, unattractive graphics to modern, eye-catching graphics. To win customers, manufacturers are putting more effort into printing and graphics on their products.
Coding foils and tapes are used as marking mediums in the printing process on packaging products, invitations, greeting cards, envelopes, other consumer goods, electronics items, automotive parts, etc.
Coding foils and tapes are of two types: hot stamping foils and cold stamping foils. Hot stamping foils are further classified into metallic, pigment, pearl, and holographic foils. In the foiling process, a coding foil is placed between a die and a substrate (packaging products, electronic goods, invitations, greeting cards, book covers, etc.).
The foiling process can be divided into two types: manual and pneumatic. Coding foils and tapes are used in industrial printing.
They account for a large share of the global industrial printing market. The packaging industry is the major end-use industry, and it extensively uses coding foils and tapes to mark expiry dates, manufacturing dates, price details, and other information on packaging products such as bottles, cartons, bags, containers, etc.
Coding foils and tapes are also printed on consumer goods like sunglasses, apparel, and footwear. Coding products come in a wide variety of colours and material specifications.
Global coding foils & tapes market dynamics correlate highly with the global industrial 3d printing market. The global printing market is dominated by commercial printers, followed by package printers. The coding foils & tapes market is expected to be dominated by package printers due to the extensive use of hot stamp printing by packaging manufacturers.
The global coding foils and tapes market, which has the largest global industrial printing market share, is driven by the growing consumer preference for attractive, glossy printing on products they consume daily.
Hot stamping foils dominate the market compared to cold stamping foils. Cold stamping is a new technology, and its penetration into end-use industries is very low.
One can’t compare the two stamping processes because they have advantages and disadvantages. Cold stamping doesn’t require a gas cylinder, which is used for heating in hot stamping.
Cold stamping has a very low maintenance time compared to hot stamping, and as a result, the production time can be reduced considerably.
Unlike in hot stamping, the printer head need not be cooled down in between the stamping process in cold stamping. So, the throughput is high in the cold stamping process. Cold stamping has its own limitations, it can’t produce the high quality glossy printing as compared to hot stamping.
The limitation of the UV curative cold stamping process is that it works with only a limited number of colors. Textiles, automotive, packaging & labeling, consumer electronics, and invitation cards are the dominant end-use industries using hot stamping foils. Textile and cosmetics are expected to be the fastest-growing end-use sectors for the global coding foils & tapes market.
Followed by APEJ, North America is expected to dominate the global coding foils & tapes market. APEJ is expected to be the fastest-growing region due to the rising middle-class population and improving economic conditions.
China's coding foils & tapes market is the major contributor to APEJ. Despite the economic slowdown, political turmoil, and immigration crisis, Western Europe is anticipated to perform well during the forecast period.
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Some of the key players operating in the global Coding Foils & Tapes market are -
AG Foil s.r.o., Dollphine Pressure Print, ITW Security and Brand Identity Group, Henan Xinjunye Technology Co., Ltd., PB Holotech (I) Pvt. Ltd., KURZ Group, AG FOIL EUROPE s.r.o., Xinxiang Fineray Tech Co., Ltd., Foilmakers Australia (Milford Astor Group), Interfilms India Pvt Ltd., Rasik Products Private Limited, Crown Roll Leaf, Inc., UNIVACCO Foils Corporation, BRIDGE Foils (China), API Group, MAG Plastics (India), Rainbow Plastics India Limited, Shine Star Speciality Coaters Pvt Ltd., KOLON Industries, Inc., Murata Kimpaku Co., Ltd., Nakai Industrial Co. Ltd., OIKE & Co., Ltd., Nakajima Metal Leaf, Powder co., ltd., Samhan Co., Ltd., Katani Co. Ltd., Washin Chemical Industry co., ltd. and others.
Key Developments, Mergers, and Acquisitions
Exhibit 3 represents the tier classification of the companies considered in this article. Company annual reports were used as resources for calculating the revenue share of the global coding foils and tapes market.
Cold stamping is expected to grow at a higher CAGR during the forecast period due to its increasing applications and late entry into the market. The hot stamping market in APEJ is anticipated to be the fastest growing, with India and China contributing significantly.
Textiles & cosmetics is expected to grow at the highest CAGR in all end-use sectors. Manufacturers are increasingly investing in research & development to launch creative and attractive coding foils & tapes.
The research report presents a comprehensive market assessment and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global Coding Foils & Tapes market has been segmented as follows -
| Market CAGR (2023 to 2033) | 6.1% |
|---|---|
| Market Valuation (2023) | USD 2.8 billion |
| Market Valuation (2033) | USD 5.1 billion |
| Market Size Value (2023) | USD 84.7 million |
|---|---|
| Market Size Value (2033) | USD 142.3 million |
| Market Growth Rate (2023 to 2033) | 5.6% |
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