Holographic Foil Market Research: Size, Forecast to 2033

"The Business Research Company recently released a comprehensive report on the Global Holographic Foil Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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 growth in the historic period can be attributed to increasing applications in medical and pharmaceutical packaging, growing interest in augmented reality applications, increasing concerns about product counterfeiting and tampering, and increasing demand for decorative films.

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%. The growth in the forecast period can be attributed to rising across a range of industries, increasing usage of holographs, growing demand for food and beverages, increasing demand for secure packaging solutions, and growing demand for lightweight packaging solutions. Major trends in the forecast period include technological developments, innovations in environmentally friendly holographic foil materials, developments in holographic printing techniques, innovative packaging solutions, and integration with smart packaging technologies.

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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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.

Holographic Foil Market 2024 Key Insights:

• 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%.
• Rising Demand In The Food And Beverage Sector On Holographic Foil Market
• Advancements In Laser-Resistant Holographic Foil For Enhanced Security
• North America was the largest region in the holographic foil market in 2023

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This release was published on openPR.