Los Angeles, December 18, 2019 – QY Research has recently announced a publication of new report titled, “USA Soft Touch Laminating Films Market Insights, Forecast to 2025,” which provides an in-depth market study of Soft Touch Laminating Films. According to the report, the global Soft Touch Laminating Films market was valued worth US$ 96.1 Mn in 2018 and is predicted to reach US$ 180.7 Mn by 2025. The Soft Touch Laminating Films market is anticipated to exhibit a healthy CAGR of 9.1% from 2019 to 2025.
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Ever Developing Printing and Packaging Industry to Boost the Soft Touch Laminating Films Market
Increasing demand for Soft Touch Laminating Films in packaging products is due to its capacity to enhance the look and appeal of the luxury brands. Other verticals such as Graphic printing, digital printing, and custom labels use Soft Touch laminating films to resist high temperatures, friction, moisture, and solvent. Increasing demand for Paper board packaging for fine arts uses soft-touch laminating films to protect the product from shock, puncture, and impact. Such benefits that enhance the quality of the product are likely to contribute to the growth of the market.
Label Printing – Augmenting the Application Segment
The application segment is divided into Label, Luxury Packaging, High-End Stationery Products, Graphic Advertising Banners, and Others. Usage of Soft touch Laminating films is majorly to prevent scratching and wear-out. It is used in label printing as it can be glued and stamped. It is mainly used during the printing of book cover, packaging, brochures, and product branding. This is likely to expand the growth of the application segment. The type segment is classified into PET Film and BOPP Film.
Demand for Product Packaging in the USA to Boost Growth of the Regional Market
High demand for product packaging due presence of well-known brands in the USA along with a well-established printing industry is expected to propel the demand for Soft Touch Laminating Films market. Increasing usage of paper bags and paper boxes to curb the usage of plastic is expected to contribute to the growth of the market. Increasing usage of products such as perfumes, wine, liquor, gift box, luxury brands uses product packaging for enhancing aesthetic value resulting in high demand for the Soft Touch Laminating Films. This is anticipated to foster the growth of the market in the region.
Collaboration and Agreements: Prime Emphasis of the Key Players
Some of the key players operating in the Soft Touch Laminating Films market are Cosmo Films, Dunmore, Jet Technologies, Spiral Binding, FlexFilm, D&K, Drytac, and Derprosa. The key players are involved in adopting strategic collaborations, agreements, and new product launches. The companies operating in the market are also keen to strengthen their geographical presence to gain a competitive advantage.
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