The increased use of coding foils and tapes in various industries will skyrocket their demand during 2022-2032
Cold stamping is predicted to increase at a faster CAGR throughout the forecast period, owing to its expanding applications as well as the late market introduction.
The global printing market is always developing due to new printing processes, materials, and so on. Consumer tastes have shifted from boring and unappealing images to new eye-catching visuals during the past year. Companies are putting more resources into printing and designs on their products to gain customers.
Barcode foils and tapes are employed in the printing process as more than just a marking medium on invitations, envelopes, packaging products, greeting cards, other electronic items, consumer goods, automobile parts, and so on.
There are two kinds of coding foils and tapes: cold stamping foils and hot stamping foils. Metallic foils, pearl foils, pigment foils, and holographic foils are the different types of hot stamping foils. A coding foil is put between a die as well as a substrate during the foiling process. There are two types of foiling processes: manual foiling processes and pneumatic foiling processes.
In industrial printing, coding foils and tapes are employed. They control a sizable portion of the worldwide industrial printing industry. The packaging business is a large end-use industry that heavily relies on coding foils and tapes to stamp expiration dates, production dates, pricing data, and other information on packaging items such as cartons, bottles, containers, and bags. During the foreseeable period, such demand in various markets would propel the worldwide demand for coding foils and tapes.
The growing customer demand for appealing and glossy printing on everyday items is boosting the worldwide coding foils and tapes market. The worldwide industrial printing industry is dominated by the coding foils and tapes sector. In comparison to cold foils, hot stamping foils are the most popular. Cold stamping is a novel technique with little penetration in various end-use industries.
The UV curative cold stamping procedure has a limitation in that it only works with a restricted number of colors. The most common end-use sectors for hot stamping foils include consumer electronics, automotive, textiles, packaging & labeling, and invitation cards. Textiles and cosmetics are predicted to be the fastest-expanding end-use industries in the worldwide coding foils and tapes market.
Region-wise, the worldwide coding foils, and tapes market is predicted to be dominated by North America, trailed by APEJ. Due to the obvious expanding middle-class population and improved economic conditions, APEJ is predicted to be the fastest-growing region.
This coding foils and tapes market in China is the largest contributor to the APEJ region. Western Europe is expected to fare well throughout the projected period, despite the economic recession, political turbulence, and immigration problem.
Global printing market is evolving day by day with new printing technologies, materials, etc. Consumer preferences have changed over the year from dull and unattractive graphics to modern eyecatching graphics. To win the customers, manufacturers are putting more effort on printing and graphics on their products.
Coding foils & tapes are used as a marking medium in printing process on packaging products, invitations, greeting cards, envelopes, other consumer goods, electronics items, automotive parts etc.
Coding foils & tapes are of two types: hot stamping foils and cold stamping foils. Hot stamping foils are further classified into: metallic foils, pigment foils, pearl foils and holographic foils. Foiling process is where a coding foil is placed between a die and a substrate (packaging product, electronic goods, invitations, greeting cards, book covers etc.).
Foiling process can be classified into two types: manual foiling process and pneumatical foiling process. Coding foils & tapes are used in industrial printing.
They account for a large share of the global industrial printing market. Packaging industry is the major end use industry, which extensively uses the coding foils & tapes in marking expiry date, manufacturing dates, price details and other inforamation on packaging products like bottles, cartons, bags, containers etc. Printing on consumer goods like sunglasses, apparels, footwares also use coding foils & tapes. Coding products comes in wide variety of colours and material specifications.
Global coding foils & tapes market dynamics are highly correlated with global industrial printing market. Global printing market is dominated by commercial printers followed by package printers. Coding foils & tapes market is expected to be dominated by package printers due to extensive use of hot stamp printing by packaging manufacturers.
Growing consumer preference for attractive & glossy printing on products, which they consume on day to day basis is driving the global coding foils & tapes market. Coding foils & tapes market has largest share in the global industrial printing market. Hot stamping foils dominate the market compared to cold foils. Cold stamping is a new technology and penetration into end use industries is very low.
One can’t compare both the stamping processes with each other because they have their own advantages and disadvantages. Cold stamping doesn’t need a gas cylinder, which is used for heating in hot stamping. Cold stamping has a very low maintenance time compared to hot stamping and as a result the production time can be reduced considerably.
Unlike in hot stamping, the printer head need not be cooled down in between the stamping process in cold stamping. So, the throughput is high in cold stamping process. Cold stamping has its own limitations, it can’t produce the high quality glossy printing as compared to hot stamping.
Limitation of UV curative cold stamping process is that it works with only limited number of colors. Textiles, automotive, packaging & labeling, consumer electronics, invitation cards are the dominant end use industries using hot stamping foils. Textile and cosmetics are expected to be the fastest growing end use sectors for global coding foils & tapes market.
North America followed by APEJ, is expected to dominate the global coding foils & tapes market. APEJ is expected to be the fastest growing region due to rising middle class population and improving economic conditions. China coding foils & tapes market is the major contributor in APEJ. Despite the economic slowdown, political turmoil and immigration crisis, Western Europe is anticipated to perform well during the forecast period.
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Global Coding Foils & Tapes market: Key Players
Some of the key players operating in the global Coding Foils & Tapes market are – AG Foil s.r.o., Dollphine Pressure Print, ITW Security and Brand Identity Group, Henan Xinjunye Technology Co., Ltd., PB Holotech (I) Pvt. Ltd., KURZ Group, AG FOIL EUROPE s.r.o., Xinxiang Fineray Tech Co., Ltd., Foilmakers Australia (Milford Astor Group), Interfilms India Pvt Ltd., Rasik Products Private Limited, Crown Roll Leaf, Inc., UNIVACCO Foils Corporation, BRIDGE Foils (China), API Group, MAG Plastics (India), Rainbow Plastics India Limited, Shine Star Speciality Coaters Pvt Ltd., KOLON Industries, Inc., Murata Kimpaku Co., Ltd., Nakai Industrial Co. Ltd., OIKE & Co., Ltd., Nakajima Metal Leaf, Powder co., ltd., Samhan Co., Ltd., Katani Co. Ltd., Washin Chemical Industry co., ltd. and others.
Key Developments, Merger and Acquisitions
In 2017, Katani Co. Ltd. Obtained ISO 9001:2015 certification (Nagoya Branch)
In 2014, OIKE Co. Ltd., established LePont Europe SAS
Exhibit-3 represents tier classification of the companies which have been considered in this article. Company annual reports have been used as the resources for calculating the revenue share of the global coding foils and tapes market.
Conclusion
Cold stamping is expected to grow at a higher CAGR during the forecast period, due to its increasing applications and its late entry into the market. Hot stamping market in APEJ is anticipated to be the fastest growing, which is highly contributed by India and China.
Textiles & cosmetics is expected to grow at the highest CAGR in all end use sectors. Manufacturers are increasingly investing in research & development to launch creative and attractive coding foils & tapes.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaust analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global Coding Foils & Tapes market: Segmentation
The global Coding Foils & Tapes market has been segmented as follows –
On the basis of product type the global Coding Foils & Tapes market has been segmented as –
Hot Stamping Foils
Metallic foils
Pigment foils
Pearl foils
Holographic foils
Cold Stamping Foils
On the basis of stamping process, the global coding foils & tapes market has been segmented as –
Hot Stamping
Manual Foiling Process
Pneumatical Foiling Process
Cold Stamping (UV Curating)
On the basis of substrate, the global coding foils & tapes market has been segmented as –
Plastic
Paper & Paperboard
Wood
Glass
Metal
Textile (Fiber)
On the basis of end use industry, the global coding foils & tapes market has been segmented as –
Cosmetics
Food & Beverages
E-Commerce & Logistics
Packaging
Automotive
Electronics
Textiles
Other Consumer Goods (pen, invitation cards, toys, books etc.)
On the basis of geography, the global coding foils & tapes market has been divided into seven key regions –
