Press release
Holographic Foil Market Size, Share and Forecast
Holographic Foil Market Trends
As per the report, the holographic foil market size has grown rapidly in recent years. It will grow from $8.25 billion in 2023 to $9.14 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The holographic foil market size is expected to see rapid growth in the next few years. It will grow to $13.85 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.
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Rising Demand In The Food And Beverage Sector On Holographic Foil Market
The rising demand in the food and beverage sector is expected to propel the growth of the holographic foil market going forward. The food and beverage sector encompasses businesses involved in the production, processing, distribution, and sale of food and drinks to consumers and businesses worldwide. The food and beverage sector is growing due to increasing consumer demand for convenience, health-conscious products, and diverse culinary experiences. Holographic foil enhances packaging aesthetics, attracts consumer attention, and reinforces product quality perception in the competitive food and beverage market. For instance, in May 2021, according to the Australian Bureau of Statistics, an Australia-based government statistical agency, in the fiscal year 2021-22, sales of food and non-alcoholic beverages in Australia's supermarkets, grocery stores, convenience stores, and specialty food stores totaled 15.1 million metric tons, marking an increase from the 14.8 million metric tons sold in the previous fiscal year of 2020-21. Therefore, rising demand in the food and beverage sector is driving the growth of the holographic foil market going forward.
Advancements In Laser-Resistant Holographic Foil For Enhanced Security
Major companies operating in the holographic foil market are focusing on developing advanced products, such as laser-resistant foil, to enhance product security and authenticity. Laser-resistant foil is a type of holographic foil designed to withstand laser tampering and counterfeiting attempts, maintaining its integrity and holographic properties even when exposed to laser beams. For instance, in September 2022, OpSec Security, a US-based provider of integrated online protection and on-product authentication solutions, launched OpSec LazaFoil (HSF102), a laser-resistant foil, as part of its newly released OpSec Agile range of hot stamping foils. OpSec LazaFoil is a versatile, laser-resistant holographic foil designed for patch application on a variety of substrates, particularly suited for lower volume requirements and when subsequent personalization of a document using a laser writer is needed. This LazaFoil range comprises six foils optimized for registered patch or continuous stripe applications on various security substrates, compatible with the wide range of application machines used across the security print industry. OpSec's flexible manufacturing solution allows the Agile foils to be made available fully finished in a matter of weeks, in accordance with customer needs, and they can be supplied in flexible volumes from a few hundred to several thousand square meters.
The holographic foil market covered in this report is segmented -
1) By Type: Holographic Hot Stamping Foil, Holographic Narrow-Web Cold Foil, Holographic Sheet-Fed Offset Cold Foil, Holographic Lamination Foil
2) By Technology: Thermoforming, Cold Forming
3) By Application: Printing And Packaging Industry, Decorative Applications, Anti-Counterfeiting Label, Brand Protection, Other Applications
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Major companies operating in the holographic foil market are Murata Kimpaku Co Ltd., Avery Dennison Corporation, API Group plc, Leonhard Kurz Stiftung and Co. KG, Everest Holovisions Limited, SVG Tech Group Ltd., Holostik India Ltd., Zhejiang Jinghua Laser Technology Co Ltd., Univacco Technology Inc, Miraclon Corporation, Optaglio Ltd, Hazen Paper Company, NovaVision Inc, Unifoil Corporation, Light Logics Holography and Optics Pvt. Ltd., K Laser Technology Inc., Spectratek Technologies, ITW Specialty Films LLC, Interfilms India Pvt. Ltd, Foilco Limited, Katani Co. Ltd., Far East Yu La Industry Limited, Holo Security Technologies, Crown Roll Leaf Inc.
Contents of the report:
1. Executive Summary
2. Holographic Foil Market Report Structure
3. Holographic Foil Market Trends And Strategies
4. Holographic Foil Market - Macro Economic Scenario
5. Holographic Foil Market Size And Growth
…..
27. Holographic Foil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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