Global Holographic Foil Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Holographic foil is a specialty material that creates a three-dimensional, shimmering effect using diffraction patterns. It is commonly used in packaging, printing, and security applications to enhance visual appeal and deter counterfeiting. The foil’s holographic properties change depending on the angle of light, creating dynamic and eye-catching designs.

Sizing and Forecast

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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Segmentation & Regional Insights

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

North America was the largest region in the holographic foil market in 2023. The regions covered in the holographic foil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

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.

Key Industry Players

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.

The holographic foil market report table of contents includes:

1. Executive Summary
2. Holographic Foil Market Characteristics
3. Holographic Foil Market Trends And Strategies
4. Holographic Foil Market – Macro Economic Scenario
5. Global Holographic Foil Market Size and Growth
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32. Global Holographic Foil Market Competitive Benchmarking
33. Global Holographic Foil Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Holographic Foil Market
35. Holographic Foil Market Future Outlook and Potential Analysis
36. Appendix