Latin America Is Expected To Witness A Noteworthy CAGR In The Global Holographic Foil Industry

Holographic foils are thin films that are micro-embossed with patterns or images. These are embossed in such a way that they provide a three-dimensional effect or spectral coloring. The embossing process is cutting tiny grooves of images into the film substrate at various angles and shapes.

These tiny grooves cause diffraction of white light into the spectral color giving a holographic effect to the foil. These holographic foils are imposed on the material such as polyester (PE), polypropylene (PP), and nylon. The typical applications of holographic foils include lamination, printing, and stamping in the printing & packaging industry, security applications such as passports, visas, ID cards, credit & debit cards, and government documents, amongst others.

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Navigation Light Market: Dynamics
The key driving factor for the growth of the holographic foils market is its widespread usage in the printing and packaging industry. The global packaging industry accounted for ~ US$ 42 billion in 2018 owing to growing demand from food & beverages and consumer goods industries.

Rising prevalence for premium products, growing per capita spending of end-users, increasing usage of holographs for security and anti-counterfeiting in identity cards and banknotes, and increased demand for decorative films for brand recognition drive the global holographic foils market. Rapidly rising income, urbanization, and the middle-class population are spurring the growth of the holographic foils market, especially in developing countries.

Who are the Key Manufacturers and Suppliers of Navigation Light ?

API
Gojo Paper MFG. CO.
Henan Foils
INTERFILMS INDIA PVT LTD
KLASER
KURZ
Light Logics Holography
Optics
MURATA KIMPAKU Co., Ltd.
RASIK PRODUCTS PVT. LTD.
Uflex Limited
UNIVACCO Foils Corporation
ITW Foils
Dragon Foils Limited.

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Navigation Light Market: Segmentation
The global holographic foils market is segmented on the basis of type, application, and region.

Based on type, the global holographic foils market is segmented as:
Hot Stamping Foil
Cold Foil
Lamination Foil
Pigment Foil
Textile Foil
Thermal laminating Foil

Based on application, the global holographic foils market is segmented as:
Printing & Packaging
Anti-Counterfeiting
Labelling
Others

Based on region, the global holographic foils market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
MEA

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Holographic Foils Market: Regional Outlook
North America region holds a majority share in the global holographic foils market owing to the presence of strong players and high capital required for premium packaging. The growth in the region is mostly attributed to the high-income population, rising demand for more appealing packaging products, and increased prominence of premiumization for brand recognition.

Europe, on the other hand, is expected to witness steady growth in the forecast period owing to the slowdown in the economy. East Asia is the fastest-growing region in the global holographic foils market owing to the presence of numerous small-scale manufacturers in the region. The holographic foil market is expected to grow exponentially in developing countries such as China and India, due to the increased integration of holographic foils for brand protection strategies by government and security agencies to tackle the counterfeit problems.

Some important questions that the Navigation Light Market report tries to answer exhaustively are:

How the report would assist the market players in making effective strategies?
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How Covid-19 could cause disruptions in the supply chain of the chemical and materials industry?
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How technological advancements are likely to impact the market in the near future?
What macro and micro factors are at play in each of the regions of the market?
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What are COVID-19 implications on the global Navigation Light market and learn how businesses can respond, manage, and mitigate the risks?
Navigation Light Market Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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