Hot Stamping Foils Market Size

Hot Stamping Foils Market size is expected to reach USD 4 Billion by the end of 2036, witnessing around 5% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of hot stamping foils was over USD 2.2 Billion. A proliferation of holograms, which are difficult to replicate, has become necessary given the growing need for greater security and reliability in currency notes as well as all banking and legal transactions. The use of high foil security patches in banknotes is useful. Access to credit cards and debit cards is expected to increase, given the growing global population. Given this, the demand for holograms is expected to rise over the forecast period which would make it a possible growth opportunity on the global market.

The packaging industry is expected to use hot stamping foils more frequently in the next years owing to their excellent qualities, such as heat distortion resistance and resistance to scrape, moisture, and abrasion. Hot stamping foils should find more uses in the packaging sector as a result of these numerous advantages. Thus, the increment in the demand for packaging around the globe is expected to ultimately push the industry growth during the forecast period. Between 2017 and 2022, the global demand for flexible packaging solutions grew from almost USD 200 billion to USD 250 billion.