Holographic Lamination Film Market Report Overview
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The global holographic lamination film market size was USD 159.8 million in 2021 and is projected to touch USD 225.8 million by 2031, exhibiting a CAGR of 3.5%.
The global COVID-19 pandemic has been unprecedented and staggering, with Holographic Lamination Film Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.
The holographic film is constructed of a very thin, flexible plastic with micro-embossed designs or even images. Patterns are used in the embossing process to give the movie a 3-D appearance and/or spectral (rainbow) colour. Because of how eye-catching holographic film is thanks to electroforming, coatings, and embossing, it is primarily utilised for advertising. They have a perfect polish, a flexible texture, and three-dimensional effects. Holographic film is mostly used for gift wrapping, security stickers, product labelling, advertising brochures, and packaging.
The market is predicted to grow throughout the forecasted time due to an increase in demand for holographic film from gift-wrapping and laminating applications. Additionally, expanding consumption of wine and other beverages will accelerate market expansion.
COVID-19 Impact: Lower Demand Impacted Market Growth during Pandemic
The slow expansion of several industries, including the packaging industry during COVID-19, is anticipated to stifle the market's rapid growth pace and have a detrimental impact on the market size. With lockdown easing, the market is anticipated to resume growing. Therefore, post-COVID-19, strong growth for the holographic lamination film market is anticipated. Increasing demand across various industries will positively influence the market trends.
Latest Trends
"Growing Demand Across Various Industries to Foster Market Growth "
It is anticipated that growing demand for holographic polyester films from the textile sector, where they can also be ground into glitter or powder and applied to textile items, will help the market for these films grow. Holographic film is in high demand from the food and beverage industries as well, which is expected to fuel the market's expansion over the forecast period. Over the course of the forecast period, it is anticipated that rising demand for holographic film from the printing sector, particularly in digital printing, will propel market growth. In the near future, it is anticipated that key players will launch more packaging films with anti-counterfeiting properties.
Holographic Lamination Film Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Transparent Holographic Lamination Film, Metallised Holographic Lamination Film. The Transparent Holographic Lamination Film segment will be leading the market in the upcoming years.
- By Application Analysis
Based on application, the market can be divided into FMCG and Personal Care, Food and Drink, Pharmaceuticals, Others. The FMCG and Personal Care market segment is projected to dominate the market.
Driving Factors
"Growing Consumption in Packaging Sector to Augment Market Growth "
In the upcoming years, the holographic lamination market growth is anticipated to be driven by the high need for packaging across various industries. In the upcoming years, the market expansion is anticipated to be aided by accelerating demand for films that have security codes imprinted on them. By the conclusion of the projected period, it is anticipated that the pharmaceutical industry would emerge as the dominant end-use.
"Expanding Use in Pharmaceutical Sector to Support Expansion "
One of the emerging businesses that has successfully carved out a place for itself in the world economy is the global pharmaceutical sector, which is projected to soar in the years to come. In the past several years, the value of the worldwide pharmaceutical packaging market has multiplied. The pharmaceutical sector has seen a significant transformation due to digitization during the past several years. The end-user experience has improved in a variety of ways thanks to a number of cutting-edge apps and diverse digital platforms.
The pharmaceutical industry's progress has been obstructed by the quick rise of counterfeit pharmaceuticals. The pharmaceutical business is being crippled by the growing number of counterfeit pharmaceuticals since they have created a parallel economy. Counterfeit medications have a number of both immediate and long-term effects that are crippling the pharmaceutical sector.
Restraining Factors
"Cost Volatility to Affect Market Dynamics Slightly "
Holographic lamination film market expansion is anticipated to be hampered by fluctuating costs for the raw materials used to make holographic films, such as polyethylene terephthalate (PET), polyethylene (PE), and polypropylene (PP). As raw materials are generated from crude oil, changes in the price of crude oil have a direct impact on the production of film producers. As a result, during the course of the projected period, such variability is anticipated to limit the market expansion of holographic films.
The market expansion of holographic films is expected to be hampered by the equipment's high cost, complexity, and limitations due to laboratory circumstances. In addition, creating patterns for the holographic films requires a very sophisticated production procedure. Over the forecast period, this factor is anticipated to limit the market expansion of holographic film.
Holographic Lamination Film Market Regional Insights
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"North America to Witness Exponential Growth during 2022-2031"
The market in North America is anticipated to expand quickly in the future years, helped by the high rate of adoption of cutting-edge holographic technologies. Through the projection period, markets are expected to rise quickly in areas including Asia Pacific, the Middle East, and Africa. Nan Ya Plastics Corporation, Cosmo Films Limited, K LASER Technology Inc., Toray Industries, Inc., and Uflex Limited are reputable industry participants.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Leading industry players are collaborating with other businesses in an effort to keep one step ahead of the competition. To diversify their product offerings, many businesses are now investing in the introduction of new products. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Light Logics (India)
- Cosmo Films Limited (India)
- K Laser (China)
- Uflex Limited (India)
- Polinas (U.S.)
- Kurz (Germany)
- ITW (U.S)
- Everest Holovisions Limited (India)
- Holostik (India)
- Univacco (Taiwan)
- Spectratek
- API (China)
- Hazen Paper (U.S.)
- Integraf (U.S.)
- Zhejiang Jinghua Laser (China)
- SVG Optronics (China)
- Jinjia Group (China)
- Shantou Wanshun (China)
- Shantou Dongfeng (China)
- AFC Hologram (China)
- WaveFront Technology (WFT) (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 159.8 Million in 2021 |
Market Size Value By |
US$ 225.8 Million by 2031 |
Growth Rate |
CAGR of 3.5% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global holographic lamination film market expected to touch by 2031?
The global holographic lamination film market size is expected to touch USD 225.8 million by 2031.
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What CAGR is the holographic lamination film market expected to exhibit during 2031?
The holographic lamination film market is expected to exhibit a CAGR of 3.5% over 2031.
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Which are the driving factors of the holographic lamination film market?
Rising demand in pharmaceuticals and packaging to drive holographic lamination film market expansion.
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Which are the top companies operating in the holographic lamination film market?
Light Logics (India), Cosmo Films Limited (India), K Laser (China), Uflex Limited (India), Polinas (U.S.), Kurz (Germany), ITW (U.S), Everest Holovisions Limited (India), and Holostik (India) are among the key players in the holographic lamination film market.