Global hot foil stamping machine market size was valued 327.39 million USD in 2016, and is estimated to be worth 343.63 million USD by 2022 with the CAGR of 0.81%. As for the production volume, the output of hot foil stamping machine was 885 units in 2016. And it is anticipated to reach 1052 units by 2022.
China is the largest producer of hot foil stamping machine with the production of 530 units in 2016, accounting for 59.89% share globally. The follower is Europe, which produced 232 units in 2016.
At present, hot foil stamping machine produced by foreign countries are very advanced. Take BOBST as example, the company has strong R&D capabilities and their hot foil stamping machine are highly praised for the quality. However, Chinese manufacturers are dedicated to improving their technology level presently. The performance gap between Chinese companies and foreign ones are narrowing. Leading players in hot foil stamping machine industry are BOBST, YOCO, Masterwork Machinery, Gietz. BOBST is the largest manufacturer, with the production market share of 22.37% in 2016.
When refers to applications, food packaging accounted for the largest share with 32.66% in 2016. Moreover, it is anticipated to grow with the CAGR of 1.45% during the period of 2016 to 2022. With 24.53% share, cosmetic packaging was the second largest application market in 2016.
Under the influence of raw material, market competitions and economic conditions, the hot foil stamping machine are facing many uncertainties. In the next few years, we predict that the market will continue to keep upward tendency with fierce completion and price fluctuations.