New York, United States , July 03, 2024 (GLOBE NEWSWIRE) -- The Global Overprint Varnish Market Size is Expected to Grow from USD 1.68 Billion in 2023 to USD 3.62 Billion by 2033, at a CAGR of 7.98% during the forecast period 2023-2033.
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Printed products are covered in a clear liquid known as overprint varnish after the ink has dried. It adds a glossy or matte surface and acts as a barrier against fading, scratches, and scuffs. In addition, overprint varnish can enhance the visual attractiveness and color brightness of printed products. Overprint varnishes are necessary for offering glossy, matte, or textured surfaces that enhance the visual attractiveness of printed products. A growing number of consumers are seeking customized goods and experiences. This tendency is seen in the overprint varnish industry, where suppliers offer customized varnish solutions to suit the requirements of certain customers. Growing demand for luxury packaging in the food and beverage industry, fueled by changing customer preferences and lifestyle trends, is a primary driver of the overprint varnish market. The market is expanding due to the rise in online shopping and e-commerce, which has increased need for visually appealing packaging to pull in customers and enhance brand perception. An increase in the use of sustainable and eco-friendly printing methods, like the use of water-based overprint varnishes, is propelling market expansion. However, since the rigorous environmental regulations and worries about volatile organic compound (VOC) emissions from solvent-based varnishes, the market is expanding at a slower pace. Manufacturers have thus concentrated on developing ecologically suitable substitutes.
Browse key industry insights spread across 220 pages with 110 Market data tables and figures & charts from the report on the "Global Overprint Varnish Market Size, Share, and COVID-19 Impact Analysis, By Type (UV curable Overprint Varnish, Water-based Overprint Varnish, Solvent-based Overprint Varnish), By Technology (Traditional Overprint Varnishing, Digital Overprint Varnishing), By Application (Commercial prints, Labels, Pharmaceuticals, Packaging), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The water-based overprint varnish segment is expected to hold the largest share of the overprint varnish market during the anticipation timeframe.
Based on the type, the overprint varnish market is categorized into UV curable overprint varnish, water-based overprint varnish, and solvent-based overprint varnish. Among these, the water-based overprint varnish segment is expected to hold the largest share of the overprint varnish market during the anticipation timeframe. Water-based varnishes are the best choice for sustainable packaging and printing since they are environmentally friendly and contain fewer volatile organic compounds (VOCs). Water-based varnishes are often less expensive than other types, which makes them useful for large-scale printing operations.
The digital overprint varnishing segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the technology, the overprint varnish market is categorized into traditional overprint varnishing, and digital overprint varnishing. Among these, the digital overprint varnishing segment is expected to grow at the fastest CAGR during the anticipation timeframe. Digital processes save waste because they don't require plates or screens and allow for quick and affordable modifications. This is both affordable and environmentally beneficial: Digital overprint varnishing facilitates on-demand printing, which reduces the need for large storage rooms and allows enterprises to maintain operational flexibility.
The packaging segment is expected to hold a significant share of the overprint varnish market during the anticipation timeframe.
Based on the application, the overprint varnish market is categorized into commercial prints, labels, pharmaceuticals, and packaging. Among these, the packaging segment is expected to hold a significant share of the overprint varnish market during the anticipation timeframe. The entire appearance and feel of the packaging is enhanced by high-quality varnishes, which also help with marketing initiatives.
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Asia Pacific is projected to hold the largest share of the overprint varnish market over the anticipation timeframe.
Asia Pacific is projected to hold the largest share of the overprint varnish market over the anticipation timeframe. There is a lot of demand in growing economies like China, India, and Southeast Asia from the publishing, advertising, and packaging sectors. UV-curable varnishes are growing in popularity due to their short curing times and environmental benefits.
North America is expected to grow the fastest during the anticipation timeframe. The use of environmentally friendly varnishes is encouraged by stringent environmental regulations, especially those that are water-based and UV-curable. The printing industry in this region is well-established and heavily focused on high-quality print finishing.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the overprint varnish market are Van Son Ink Corporation, Altana, Zeller+Gmelin Group, Michelma, Toyo Ink, CHT/BEZEMA, Huber Group, Eston Chimica, Anwin Technology Co., Ltd, American Offset Printing Ink, As Inc. Co. Ltd., BRANCHER, Superior Printing Inks, JPT Corporation, Imperial Ink Private Limited, and others.
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the overprint varnish market based on the below-mentioned segments:
Global Overprint Varnish Market, By Type
- UV curable Overprint Varnish
- Water-based Overprint Varnish
- Solvent-based Overprint Varnish
Global Overprint Varnish Market, By Technology
- Traditional Overprint Varnishing
- Digital Overprint Varnishing
Global Overprint Varnish Market, By Application
- Commercial prints
- Labels
- Pharmaceuticals
- Packaging
Global Overprint Varnish Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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