The global sales of pigment hot stamping foil market are estimated to be worth USD 2.0 billion in 2021 and are anticipated to reach a value of USD 3.4 billion by 2031. Sales are projected to rise at a CAGR of 5.3% over the forecast period between 2021 and 2031. The revenue generated by pigment hot stamping foil market in 2020 was USD 1.9 billion.
The growing demand from industries like cosmetics, beverages, and personal care for more appealing and durable packaging drives the pigment hot stamping foil market. The surge in premium product branding, where metallic and colourful finishes provide heightened levels of shelf appeal, propels further growth. Development in foil production technology, involving more versatile and eco-friendly options, is yet another critical driver.
Besides this, the growing use of hot stamping foils for security features in documents and packaging boosts demand. Further, increasing consumer awareness about eco-friendly packaging solutions forces manufacturers to produce recyclable and biodegradable foils. The continued rise of e-commerce and high-value merchandise markets keeps driving demand for higher-quality and appealing packaging materials.
Global Pigment Hot Stamping Foil Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.9 billion |
| Estimated Size, 2021 | USD 2.0 billion |
| Projected Size, 2031 | USD 3.4 billion |
| Value-based CAGR (2021 to 2031) | 5.3% |
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The excellent quality of pigment hot stamping foil is one of the key reasons behind its growing demand in the market. There are several high-quality pigment hot stamping foil available in the market which has several specialities such as excellent finish which is helping them to dominate the market. The availability of a wide range of colours is also helping pigment hot stamping foil to dominate the foil market.
In addition to this, Pigment hot stamping foil offers several same advantages which metallic hot stamping foil offers over liquid coatings and metallic inks for the application of colour. Due to such advantages and low-cost pigment hot stamping foil is preferred by the consumers over other alternatives.
The USA and Canada pigment hot stamping foil market is expected to propel growth in the forecasted period 2021 and 2031 and one of the key reasons behind the growth of pigment hot stamping foil in the USA and Canada region is its end-use in several industries.
Pigment hot stamping foil is widely used in several industries such as food & beverage, cosmetics & personal care, automotive, gift toy stationary and several other industries. Thus with the growth of these industries pigment hot stamping foil market is also expected to show growth.
In addition to this, when pigment hot stamping foil is applied with heat and pressure, the curves of the substrate are flattened out, resulting in a smooth surface in the printed area. Thus even on rough, and textured surfaces, clean, high-quality text and graphics can be achieved.
Another significant advantage of foil is the easy and clean application method. Machines tend to be relatively low cost and easy to operate since there are fewer process variables, and there are no process chemicals to worry about, which has health, safety, and environmental consequences.
Principal Consultant
From the past few years, Europe has become one of the significant markets for pigment hot stamping foil and it is expected to show significant growth in the forecasted period 2021 to 2031.
As the packaging of the product plays a significant role in the product buying decision of a consumer. Several players in the industry are focusing on their packaging. Thus pigment hot stamping foil is preferred by the product manufacturers to improve the packaging aesthetics and attracts more consumer base. Hence, the growing preference for pigment hot stamping foil for packaging is expected to propel growth to the pigment hot stamping foil market in the European region.
Some of the leading manufacturers of pigment hot stamping foil
These are the key players driving market demand for Pigment Hot Stamping Foil and they are investing in adopting advanced technology to manufacture pigment hot stamping foil.
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 an 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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Pigment Hot Stamping Foil Market
