The global holographic film market is estimated to grow at a robust pace by the end of 2027, creating wide spaces of growth for the market players. High demand for packaging across different sectors is expected to drive this growth in the coming years. Accelerating demand for films embossed with security code is expected to boost the market expansion in the coming years. The pharmaceutical industry is estimated to surface as the leading end-use by the end of the forecast period.The dull growth of different sectors including the packaging sector during COVID-19 is expected to deter the high growth rate of the market, negatively influencing the market size. The market is expected to restore its growth rate with relaxations in lockdown.
Buoyed by the high adoption rate of advanced hologram technologies, the market in North America is expected to grow at a rapid pace in the coming years. Regions such as Asia Pacific, Middle East, and Africa are projected to exhibit fast-paced market growth through the forecast period.Established players in the global market include Nan Ya Plastics Corporation, Cosmo Films Limited, K LASER Technology Inc., Toray Industries, Inc., and Uflex Limited.
Pharmaceutical industry to be the largest procurer of holographic films within the period of forecast
The global pharmaceutical segment is one of the rising industries which has successfully established its own entity in the global economy and is expected to surge in the forthcoming years. The worth of the global pharmaceutical industry has grown manifold in the last few years. A massive wave of digitization has completely changed the face of the pharmaceutical industry in the last few years. Several advanced apps and varied digital platforms have escalated the end–user experience in many ways. The rapid rise of counterfeit drugs has barricaded the pharmaceutical industry growth. The soaring population of counterfeit drugs are crippling the pharmaceutical industry by establishing a parallel economy. There are several long-term and short-term impacts of counterfeit drugs that are paralyzing the pharmaceutical industry. This emerging issue of counterfeit drugs is a massive challenge for the pharmaceutical industry.
Blow to counterfeit drugs
Medicine companies around the world are fighting hard to create proper and robust systems to counter the growth of counterfeit drugs. Pharma companies are rapidly incorporating new techniques to build a full proof packaging system to arrest the expansion of these forged drugs. The demand for holographic films will spike in the FMCG and medicine industry. The holographic films can produce proper holographic tags that possess a unique counterfeit quality. The global holographic films market is expected to be valued more than US$ 11,000 Mn by the end of 2024. The sales revenue is estimated to increase at a CAGR of 9.3%. FMCG and Pharmaceuticals segments in the end use industry are projected to be the fastest growing segments, registering CAGR of 10.2% and 10.5% over the forecast period.
Asia Pacific accounts for the higher market share and is expected to witness rapid growth over the forecast period. North America and Europe are more inclined towards anti-counterfeit applications. Companies’ investments in these regions should focus more on products dealing with counterfeits. North America and Europe are expected to exhibit an attractiveness index of 0.8 and 0.7 respectively. Both these regions have robust holographic technologies and are hence matured in comparison to the Asian market. Also, these regions are more inclined towards the use of holographic films in anti-counterfeit applications.
Increasing shelf impact along with brand protection on consumer goods is expected to fuel demand for various end use companies. The high competition in FMCG goods is expected to boost the global holographic films market growth. In terms of value, the pharmaceuticals segment is estimated to be valued at more than US$ 1,200 Mn by 2016 end and is projected to cross US$ 2,700 Mn by 2024 end, exhibiting a CAGR of 10.5 % over the forecast period. In terms of value, pharmaceuticals segment is expected to increase to 2.2X over the forecast period. Pharmaceuticals segment is estimated to showcase a proper growth within the period of assessment. This segment of the global holographic films market will likely create total incremental opportunity of more than US$ 1,500 Mn between 2016 and 2024. By end use industry, FMCG and pharmaceuticals segments are expected to emerge as the most attractive segments in terms of CAGR and market share during the forecast period.
APAC region is expected to emerge as the most attractive segment in terms of CAGR and market share during the forecast period. The holographic films market in APAC is mostly driven by the end use industries such as food & beverage and FMCG. The countries such as China and India are the major contributors in the APAC region both in terms of production and consumption. Pharmaceutical segment is estimated to account for major value share of 22.1% by the end of 2016 and is expected to gain 290 BPS to account for 24.9% share by 2024 end in Latin America. Pharmaceutical segment is anticipated to emerge as the most attractive segment in Latin America within the forecast period.
In Europe, in terms of value, the pharmaceuticals segment is expected to register a significantly high CAGR of 10.7% over the forecast period. Revenue contribution of this segment to the Europe holographic films market is estimated to account for 22.1% share by 2016 end and is expected to gain 330 BPS over the forecast period. In the APAC region in terms of value, pharmaceuticals segment is expected to register a CAGR of 11% over the forecast period.
Persistence Market Research tables a consolidated review of the global holographic films market titled “Global Market Study on Holographic Films: Pharmaceuticals End Use Industry Segment Estimated to Increase 2.2X in Terms of Value over the Forecast Period ”. The report has foreseen the future of the market through a broader window. The report analyzes the geographical performances of the global holographic films market. The report takes a deep dive into the global and regional markets and picks up the factors likely to redefine the market future – in terms of market size and value. In this periodical scrutiny of the market the report considers certain crucial factors that are expected to influence growth of global holographic films market. The report critically judges the performance of the companies operating in this domain and also identifies opportunities hidden in the core of the global holographic films market. The report primarily focuses on a plethora of developments expected to take place in the market in the years to come. The expert team of Persistence Market Research analysts has studied the market and skillfully identified the drivers, restraints and emerging trends of the global holographic films market. The research progressed through a proper channel and identified the market dynamics that will impact the future of the global holographic films market. The report also unravels the future market policies of the major shareholders and draws a proper competitive landscape of the market with the help of a detailed assessment.
The report on the performance of the global holographic films market opens with some of the very key chapters. The executive summary of the report unfurls the report and it is followed by research methodology, assumptions, acronyms and market introduction. The report is well segmented into different important sections which cover all the characteristics of the global holographic films market. The report travels deep into the market and the chapters such as taxonomy showcases all the segments that complete the framework of the global holographic films market. The market dynamics section incorporates the drivers, restraints, opportunities and trends; the pricing and supply chain analysis is another add-on to this report. The following sections quantify the analysis of the global holographic films market by presenting data on the market size along with key performance metrics.
The report ends with a section that discusses in detail about the market performance of some of the major shareholders of the global holographic films market. This segment is aimed at providing readers with a dashboard view of the competitive landscape of the global holographic films market.
Global holographic films market segmentation
By Film Type
By Material Type
By End Use
By End Use Industry
While framing this report the team of experts has considered some key components of the global holographic films market and adopted a coveted method to reach the final conclusion. In-depth secondary research is used to determine the top industry players, products, applications, overall market size and industry connotations, and to identify distributors and manufacturers. Detailed interviews of key stakeholders are conducted to collect crucial market data. The data is validated by the triangulation method where the secondary and primary data along with Persistence Market Research analysis is consolidated to frame the final report.
The report on the global holographic films market talks about all the major metrics to provide an extended picture of the market. The report uses this accumulated data to compare and contrast the performance of the market across geographies.
A volatile market
As a research firm, we know that every market is volatile and the overall performance of any market is completely dependent on the unpredictable, evolving nature of the economy and region and a slew of other factors. The report estimates the compound annual growth rate (CAGR) of the regional and global markets and also notes down the Y-O-Y spike of the global holographic films market to understand the right opportunities and the climate of the market.
The research adopts a multi-dimensional approach to measuring the embryonic growth of the regional markets. This detailed approach helps understand the significant trends likely to dominate the global holographic films market in the forthcoming years. Another notable feature of this report is an analysis of the revenue forecast of the global holographic films market in terms of absolute dollar opportunity. While this is usually overlooked when forecasting the market, we believe absolute dollar opportunity analysis is critical in assessing the level of opportunity that market providers can look to achieve and also to identify potential resources in global holographic films market. The report dissects the market segments on the basis of their individual performance and growth graph. The market attractiveness index at the end is included to help shareholders identify the future market scope.