Albany, NY -- (SBWire) -- 03/02/2019 --The global hot stamping foils market was valued at US$ 6,514.05 Mn in 2017 and is anticipated to expand at a CAGR of 3.5% from 2018 to 2026, according to a new report titled 'Hot Stamping Foils Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,' published by Transparency Market Research (TMR). The global hot stamping foils market is driven by rise in the demand for hologram foils. Europe accounts for a major share of the global market due to increase in investments in technological advancements in end-user industries in the region.

Rise in demand for hot-stamped products from pharmaceutical packaging projected to drive market

The pharmaceutical segment accounts for a major share of the global hot stamping foils market. Medical-grade hot stamping foils are used for printing on infusion bags, drug covers, and medical devices. These foils provide pharmaceutical products with a unique identity and help differentiate them from genuine products.

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Increase in application of hot stamping foils to make holograms in various end-products likely to offer attractive growth opportunities

New technologies have been introduced for incorporating QR codes and barcodes in holograms. QR codes and barcodes contain secure information required for identification of products. Using them along with holograms is expected to promote a more secure method of encapsulating information. Hot-stamped holographic films have significant potential for application in this field. Rising need to make currency notes and other financial and legal transactions more secure and reliable has led to the introduction of holograms, which are difficult to imitate. High-security foil patches are applied on currency notes. With rise in global population, access to credit cards and debit cards is expected to increase. This is anticipated to drive the demand for holograms during the forecast period, which is likely to present growth opportunities to the global hot stamping foils market.

Slowdown of currency printing and publication & commercial end-user segments to hamper the hot stamping foils market

Hot stamping foils are used for marking security features on paper currency to differentiate fake notes from genuine ones and prevent counterfeiting of currency. The segment is expected to lose market share during the forecast period, due to steps such as demonetization and transition to cashless economy in developing countries such as India.

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Hologram foils segment to dominate the global hot stamping foils market

Based on product, the global hot stamping foils market has been segmented into metallic foils, pigment foils, hologram foils, and specialty foils. Of these, metallic foils is the most widely used product type. Pigment foils is the most versatile product type of hot stamping foils. However, the pigment foils segment is likely to lose market share during the forecast period. The hologram foils segment is estimated to expand at a rapid pace during the forecast period. Hologram foils are used to make holograms on products for identification of the product and its brand and for marking the product as authentic and genuine. Hot-stamped holograms are found on the packaging of confectioneries, cosmetics, automotive parts, textiles, and similar merchandised items. They are also used for making holograms on credit and debit cards and important government documents for the purpose of security and prevention of counterfeiting.