The holographic foil market is seeing significant growth, increasing from $8.25 billion in 2023 to $9.14 billion in 2024, reflecting a CAGR of 10.8%. This expansion is driven by rising applications in medical packaging and concerns over product tampering. Projections indicate the market will reach $13.85 billion by 2028 at a CAGR of 11.0%, bolstered by increased demand across various industries for secure packaging solutions.
Major Driver In The Holographic Foil Market
The holographic foil market is expected to grow in response to rising demand in the food and beverage sector. Consumer preferences for convenience and quality drive this sector's expansion. The Australian Bureau of Statistics reported that food and non-alcoholic beverage sales totaled 15.1 million metric tons in 2021-22, marking a growth from previous years. As businesses seek to enhance packaging aesthetics, the holographic foil market will thrive.
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Holographic Foil Market Competitive Landscape
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.
Key Holographic Foil Market Trend
In the holographic foil market, advancements include laser-resistant foil designed to bolster product security. OpSec Security launched the OpSec LazaFoil (HSF102) in September 2022, engineered to withstand laser tampering. This versatile holographic foil is ideal for a range of applications, ensuring authenticity and integrity while being adaptable to various security substrates and production needs.
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Holographic Foil Market Segmentation
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
By Geography:The regions covered in the holographic foil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the holographic foil market in 2023.
The Holographic Foil Global Market Report 2024 furnishes information about the global holographic foil market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
