Global Hot Stamping Machines Market Report Size, Trends & Growth Opportunity, By Type (Flat-Flat, Round-Flat, Round-Round), By Application (Pharm Packaging, Food Packaging, Tobacco Packaging, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.
Global Hot Stamping Machines Market
Global Hot Stamping Machines Market was valued at US$ 344.07 Million in 2021, estimated to reach US$ 362.90 Million in 2027, with a CAGR 0.73% from 2022-2027.
A process of printing a metallic, hologram or pigmented foil on the solid surfaces such as light papers, laminated board, carton board, plastics, and corrugated boards by applying pressure and heat is called as Hot foil stamp printing.
Market Drivers
Due to a rise in demand from customers around the world, manufacturers in the hot stamping machine market have benefitted during the coronavirus epidemic.
The global market for hot stamping machines is growing, offering prospective prospects for market participants. These industries include those that manufacture cigarettes, drinks, cosmetics, pharmaceuticals, consumer electronics, vehicles, and more.
Additionally, expanding uses in the printing, packaging, and textile industries are driving up demand for hot stamping equipment and creating new revenue streams for small and medium-sized producers all over the world.
Market Restraints
The market has to undergo numerous restraints since hot stamping process follows a lot of steps which can be problematic. The process of hot forming is slower than that of cold stamping. It takes roughly 15 to 20 seconds to go from one stroke to the next and because the material is hardened, hot stamping is a one-step process—in reality, numerous procedures, such as further draws or flanging, are not possible.
The raw material required is costly for example, Boron steel is more expensive than low-carbon materials since Only boron materials can be hot-stamped; galvanized or prepainted steel cannot be used in this method. These are some of the restraints that will hinder the growth of the market.
Market Segmentation
Hot Stamping Machines Market is segmented into major 4 categories. Based on Type, the market is divided into Flat-Flat, Round-Flat, Round-Round. Based on Application, the market is segmented into Pharm Packaging, Food Packaging, Tobacco Packaging, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.
Regional Analysis
Based on region North America region dominates the Hot Stamping Machines market across the world with CAGR 0.95% owing to the high investments in production facilities, increasing product demand from both developed and developing countries like Mexico, Canada & USA; increased R&D spending by key players focusing on new projects/product development (new product launches, technology degradation), etc.
Europe occupied the second-highest market portion after the North America and is anticipated to grow at a significant CAGR as increased adoption rates by product manufacturing companies, changes in packaging trends (ease-of-use), faster delivery times, customer preferences/attitude shifts, government regulations concerning environmental issues & stringent emission norms, etc.
Market Key Players
Some of the key players operating in Global Hot Stamping Machines Market are BOBST, IIJIMA MFG., Gietz, KURZ, Grafisk Maskinfabrik, Masterwork Machinery, YOCO, Zhejiang Guangya Machinery, HENAN FOILS, SBL Group.
Industry development
In June 2021, BOBST launches NOVAFOIL 106 Hot Foil Stamper for premium cross and inline foiling. In response to the continuing increase in demand for added-value finishing from brand owners, BOBST has introduced the NOVAFOIL 106 hot foil stamper for high-quality embellishment in folding carton production.
In December 2022, KURZ received the “Innovation in Holographic Technology” award for the unique KINEGRAM DYNAMIC® technology. The prize is awarded by the International Hologram Manufacturers Association (IHMA). It recognizes the outstanding ability of KINEGRAM DYNAMIC® to secure banknotes by combining several different technologies - with features that are unique in the world of banknote protection.
In October 2022, Pinheiros Post Press has taken on the European agency for Chinese manufacturer MK Masterwork.The agreement with Wakefield-headquartered Pinheiros covers Europe, and will involve the Wakefield-headquartered promoting and selling MK’s range of die-cutters, foilers and folder-gluers including its Duopress range and large-format 145 die-cutter.
Market Taxonomy
By Type
o Flat-Flat
o Round-Flat
o Round-Round
By Application
o Pharm Packaging
o Food Packaging
o Tobacco Packaging
o Others
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook