Soft Touch Lamination Films Market – Overview

Soft Touch Lamination Market was valued at USD 800 million in 2022 and is estimated to reach a value of USD 1,500 million by 2033 with a CAGR of 5% during  the forecast period.

The market witnessed heavy growth even during the previous CAGR of 2018 to 2021. Increasing tasks of these films in various organizations including schools, colleges, business firms and so on are driving the growth of the market.

Report Scope

Impact of COVID

The COVID-19 pandemic has had a mixed impact on the global soft touch lamination market. On the one hand, the pandemic has led to a surge in e-commerce sales, which has boosted the demand for high-quality packaging materials, including soft touch lamination. This trend has been driven by the growing preference for contactless shopping and the shift towards online channels for purchasing goods.

However, on the other hand, the pandemic has also disrupted global supply chains and led to production shutdowns and supply shortages, which have affected the soft touch lamination market. The restrictions on transportation and logistics have also impacted the distribution channels, causing delays in product delivery and increased costs. The pandemic has also resulted in a decline in consumer spending, which has had a negative impact on the overall packaging industry, including the soft touch lamination market.

Soft Touch Lamination Film market is in rising demand owing to their high-quality packaging and the demand for better product protection. Soft touch lamination gives a luxurious feel and posture to the packaging and that is the reason it is widely used for premium and high-end products.

The higher cost of the films and the absence of awareness about the advantages of using these films are estimated to hinder the growth of the market during the forecast period. The obstacle for the market is to aware the end-users the need of using soft touch lamination films and to convince the users to shift from traditional lamination films.

Soft Touch Lamination Films Market– Description

Widely used in business cards, book covers, and other items that need to have a luxurious feel, soft touch lamination film is a kind of lamination film which owns a soft, velvety feel. Soft touch lamination film is built by integrating a layer of polyurethane into the film. It gives the film a softer feel and turns it into a more durable one.

Soft Touch Lamination Films Market – Key Trends

Rising Uses Of These Films To Drive The Growth Of The Market During The Forecast Period

Soft Touch Lamination Film market is in rising demand owing to their high-quality packaging and the demand for better product protection. Soft touch lamination gives a luxurious feel and posture to the packaging and that is the reason it is widely used for premium and high-end products. Increasing tasks of these films in various organizations including schools, colleges, business firms and so on are driving the growth of the market.

Lack Of Awareness About These Products Hinders The Growth Of The Market

The higher cost of the films and the absence of awareness about the advantages of using these films are estimated to hinder the growth of the market during the forecast period. The obstacle for the market is to aware the end-users of the need of using soft touch lamination films and to convince the users to shift from traditional lamination films.

Soft Touch Lamination Films Market – Geographical Landscape

It is estimated for the Asia Pacific region to witness immense growth in the market. The region is expected to grow at a healthy CAGR during the forecast period. The market in Europe is projected to grow at a stable rate during the forecast period. The rising population in the region of Asia Pacific coupled by the increase in jobs in the emerging economies is driving the growth of the market during the forecast period.

Soft Touch Lamination Films Market – Competitive Hierarchy

The Soft Touch Lamination Film Market report includes players such as Doro Tape (UK) Ltd., Monotech Systems Ltd., Avery Dennison Corporation, DUNMORE Corporation, Ampacet Corporation, Pragati Corporation, Jet Technologies, Taghleef Industries SLU, and Flexfilm Limited. and Cosmo Films, Ltd.

By Segmentation

By Type

• One-Side Lamination Film

• Double-Side Lamination Film

By Application:

• Packaging

• Printing

• Surfacing

Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA