The global soft touch lamination film market size is expected to reach US$ 3.2 Billion in 2022 and exhibit growth at a CAGR of 4.9% in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 6.1 Billion in 2032.
In the upcoming evaluation period, North America is poised to maintain its dominance in the soft touch lamination film market, securing the largest market share. This growth can be primarily attributed to the increasing utilization of these films in surface coatings to deter photocopying, primarily across Canada and the USA. Moreover, various companies in North America are employing soft touch lamination films as a security measure on official documents like passports, driver’s licenses, and even currencies. This serves as an effective strategy to combat counterfeiting and duplication, thereby significantly driving market expansion in the region.
Meanwhile, the Asia Pacific region is expected to hold the second-largest market share after North America. The presence of numerous manufacturing companies, both small and large, in emerging economies like India and China, is set to play a pivotal role in the regional market’s growth. Additionally, the continuous expansion of the packaging industry in these countries is driving the demand for soft touch lamination films, which are commonly used in creating flexible packaging, ensuring the freshness of food products, and enhancing the grip on various consumer goods such as hand soap bottles and cereal boxes. These advantages are poised to lead manufacturers in the Asia Pacific to increase their production capacities, further bolstering the regional market.
This market study on Soft Touch Lamination Film provides a thorough examination of the operating principles, main tactics, and relative market positions of some of the most significant competitors in this field. The comprehensive analysis provides market statistics in terms of revenues, segment-specific data, regional data, and country-specific data in addition to an in-depth commentary on the key affecting variables. One of the most thorough studies that examines every aspect of the developing Soft Touch Lamination Film market is this one.
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Soft Touch Lamination Film Market: Key Players
Some of the leading players operating in the global Soft Touch Lamination Film market are:
- Monotech Systems Ltd.
- DUNMORE Corporation
- Pragati Corporation
- Taghleef Industries SLU
- Doro Tape (UK) Ltd.
- Cosmo Films, Ltd.
- Flexfilm Limited
- Jet Technologies
- Avery Dennison Corporation
- Ampacet Corporation
Soft Touch Lamination Film Market: Company Developments and Industry Level Trends
Key market participants all across the globe that operate in the packaging films market have focus towards launch of novel luxurious lamination products with superior velvety feel as well as with a scuff-resistant surface.
- In 2017, Spanish firm Derprosa Films (Taghleef Industries S.L.U.) launches soft touch lamination film. The company guarantees the preservation of the Soft-Coat without losing the velvety feel, highlighting colours with an effect that is 50 percent more matt than a standard film.
- Pragati Corporation has new type of soft touch lamination film that has 18 microns thickness and is used for photo albums, pamphlets, decorative packaging etc.
Factors May Hamper the Soft Touch Lamination Film Market Growth
- Environmental Concerns: The use of soft touch lamination films often involves plastic materials, which can raise environmental concerns due to their non-biodegradable nature, potentially leading to decreased demand as consumers and industries increasingly favor eco-friendly alternatives.
- Regulatory Restrictions: Stringent regulations related to the use of certain chemicals or plastic materials in lamination films may hamper market growth, as compliance becomes more challenging and costly.
- Substitute Materials: The availability of alternative materials or lamination methods that offer similar or enhanced properties could divert demand away from soft touch lamination films, impacting market growth.
- Economic Uncertainty: Economic downturns and financial instability can lead to reduced spending on non-essential items, including packaging and lamination materials, which can negatively affect the soft touch lamination film market.
- Technological Advancements: Advances in lamination and coating technologies may render existing soft touch lamination films obsolete, prompting the need for innovation and adaptation to remain competitive.
- Global Supply Chain Disruptions: Disruptions in the supply chain, whether due to natural disasters, geopolitical issues, or other factors, can affect the availability and cost of raw materials, impacting market growth.
- Shifts in Consumer Preferences: Changing consumer preferences and trends towards minimalistic or alternative packaging styles can influence the demand for soft touch lamination films, potentially hampering market growth.
- Economic Cost of Soft Touch Lamination Films: The production and application of soft touch lamination films can be more expensive compared to traditional lamination methods, potentially limiting their adoption, especially in cost-sensitive industries.
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Soft Touch Lamination Film Market: Segmentation
Globally, the soft touch lamination film market has been segmented on the basis of material type, lamination, coating, thickness, end use and region:
On the basis of material type
- Plastic
- Bioriented Polypropylene film (BOPP)
- Bi-Axially Oriented Polyethylene Terephthalate (BOPET)
- Extrusion-Coated Ethylene Vinyl Acetate (EVA)
- Polypropylene (PP)
- Paper
On the basis of type of lamination
- One-side Lamination Film
- Double-side Lamination Film
On the basis of film thickness
- Below 15 microns
- 15-25 microns
- 25-35 microns
- Above 35 microns
On the basis of type of coating
- Water-based Soft Touch Lamination Film
- Solvent-based Soft Touch Lamination Film
On the basis of end use
- Presentation / Book covers
- Dust jackets
- Pocket folders
- Postcards
- Gift bags
- Premium prints
- Corporate brochures
- Electronic packaging
- Luxury folding cartons, boxes, etc.
- Others
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