What Is The Current and Historic Market Size Analysis Of The Overprint Varnish Market?
The overprint varnish market has seen considerable growth due to a variety of factors.
• In recent years, the overprint varnish market has expanded significantly. The market, which stood at $1.55 billion in 2024, is forecasted to increase to $1.66 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.3%.
The surge in market growth during the historic period can be accredited to the expansion in the printing and packaging sector, heightened consumer cravings for superior print finishings, the escalating application of flexible packaging, the amplification in advertising and marketing efforts, and the upsurging demand for eco-friendly packaging solutions.
What Is The Forecast For The Overprint Varnish Market Size?
The overprint varnish market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the overprint varnish market as it is predicted to experience robust growth in the forthcoming years. By 2029, the market is set to reach a value of $2.18 billion, growing at a compound annual growth rate (CAGR) of 7.0%.
This forecasted growth is tied to several factors such as the expansion of e-commerce and online retail, increased emphasis on food-safe and non-toxic coatings, the accelerated use of UV-curable varnishes, heightened attention on recyclability and the circular economy, as well as the rising consumer demand for eco-friendly products. Topping the forecast period's trends are innovations in printing technologies, advancements in smart packaging technologies and digital transformations in labelling and packaging, as well as continual progress in printing technology and green solutions.
What Are The Essential Drivers Behind The Growth Of The Overprint Varnish Market?
The increase in requirements within the packaging sector is projected to contribute to the expansion of the overprint varnish market. This sector encompasses the creation, manufacturing, and distribution of materials and methods utilized for the protective, containing, and marketing of products. The rise in demands within the packaging industry is influenced by aspects such as the expansion of e-commerce, sustainability, enhanced product safety, and novel packaging solutions. In packaging, overprint varnish enhances its aesthetic attractiveness, offers protection, and augments resistance to moisture, wear and tear, and color fading. For instance, the American Forest & Paper Association (AF&PA), a US-based organization promoting the interests of paper and wood product manufacturers, reported that February 2024 saw a 5% rise in exports of packaging sheets and specialized packaging compared to February 2023. Consequently, increased demands in the packaging sector are fueling the expansion of the overprint varnish market.
How Is The Global Overprint Varnish Market Divided Into Key Segments?
The overprint varnish market covered in this report is segmented –
1) By Type: Water-Based, UV-curable, Solvent-Based
2) By Technology: Traditional Overprint Varnishing, Digital Overprint Varnishing
3) By Application: Printing, Packaging, Publications, Commercial Printing, Other Applications
4) By End-Use Industry: Food And Beverage, Pharmaceuticals, Consumer Goods, Industrial, Other End-Use Industries
Subsegments:
1) By Water-Based: Gloss Water-Based Varnish, Matte Water-Based Varnish, Soft-Touch Water-Based Varnish, High-Slip Water-Based Varnish, Heat-Resistant Water-Based Varnish
2) By UV-Curable: Gloss UV-Curable Varnish, Matte UV-Curable Varnish, Textured UV-Curable Varnish, High-Gloss UV-Curable Varnish, Rub-Resistant UV-Curable Varnish
3) By Solvent-Based: Gloss Solvent-Based Varnish, Matte Solvent-Based Varnish, Satin Solvent-Based Varnish, Chemical-Resistant Solvent-Based Varnish, Fast-Drying Solvent-Based Varnish
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What Trends Are Shaping The Overprint Varnish Market?
Major companies operating in the overprint varnish market are focusing on developing innovative products, such as sustainability and safety in packaging materials, to meet the growing consumer demand for eco-friendly and improved performance and aesthetics. Sustainability and safety in packaging materials focus on using eco-friendly, recyclable, and non-toxic materials to reduce environmental impact and ensure consumer safety. For instance, in November 2023, Akzo Nobel Packaging Coatings Ltd, a US-based paint manufacturer, launched two advanced waterborne overprint varnishes, Accelstyle 100 and Accelstyle 200, aimed at two-piece aluminum beverage cans. These products stand out by being free of bisphenols, styrene, and per- and polyfluoroalkyl substances (PFAS), reflecting the industry's growing focus on safety and sustainability in packaging. Designed to meet the demands of the beverage sector, both varnishes offer excellent performance while adhering to eco-friendly standards. Their launch supports the ongoing trend toward more responsible packaging materials. This innovation aligns with the broader movement towards reducing harmful chemicals in consumer products.
Who Are the Key Players In The Overprint Varnish Market?
Major companies operating in the overprint varnish market are:
• BASF SE
• FUJIFILM Holdings Corporation
• Evonik Industries AG
• Covestro AG
• PPG Industries Inc.
• Arkema S.A.
• Koninklijke DSM N.V.
• Akzo Nobel N.V.
• Sun Chemical Corporation
• DIC Corporation
• The Lubrizol Corporation
• ALTANA AG
• artience Co. Ltd.
• Ashland Inc.
• Flint Group Germany GmbH
• Siegwerk Druckfarben AG & Co. KGaA
• CHT Germany GmbH
• Troy Corporation
• Michelman Inc.
• Epple Druckfarben AG
• Sakata INX Corporation
• Zeller+Gmelin GmbH & Co. KG
• Van Son Holland Ink Corporation.
What Are The Regional Insights Into The Overprint Varnish Market?
Asia-Pacific was the largest region in the overprint varnish market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the overprint varnish market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
