Press release
Overprint Varnish Market Size Forecasted To Achieve 2.18 Billion By 2029 With Steady Growth
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.What Is the Overprint Varnish Market Size and Projected Growth Rate?
There has been significant growth in the overprint varnish market in previous years. The market value is anticipated to escalate from $1.55 billion in 2024 and reach $1.66 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.3%. The historical growth in this sector can be credited to the expanding printing and packaging industry, enhanced customer expectations for superior printing finishes, an uptick in the use of flexible packaging, increased advertising and marketing efforts, and a surge in the demand for eco-friendly packaging solutions.Strong expansion is anticipated for the overprint varnish market in the coming few years, with predictions of growth to $2.18 billion by 2029. This growth, expected at a compound annual growth rate (CAGR) of 7.0%, could be attributed to the e-commerce and online retail boom, concentration on non-toxic and food-safe coatings, increased application of UV-curable varnishes, emphasis on recyclability and the circular economy, and a rising demand for green products. Forecasts for the period also highlight trends like advancements in printing and smart packaging technologies, the digital overhaul in labeling and packaging, progressive printing techniques, and environmentally-friendly solutions.
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What Are the Major Segments in the Overprint Varnish Market?
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 Are The Driving Overprint Varnish Market Evolution?
The boom in the packaging industry is anticipated to fuel the expansion of the overprint varnish market in the future. The industry is comprised of the creation, production, and distribution of materials and methods that safeguard, enclose, and market products. The escalation in the packaging industry's demands can be attributed to elements such as e-commerce expansion, sustainability, product security, and creative packaging solutions. Overprint varnish contributes to packaging by enhancing its aesthetic appeal while providing protection and increasing resilience to dampness, wear and tear, and color fading. As an illustration, the American Forest & Paper Association (AF&PA), an organization dedicated to the growth of paper and wood product manufacturers in the US, reported in March 2024 that there was a 5% surge in exports of packaging sheets and specialized packaging in February 2024 compared to the same month in 2023. Thus, the increasing needs in the packaging sector are steering the overprint varnish market's ascension.
Which Firms Dominate The Overprint Varnish Market Segments?
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 Trends Are Expected to Dominate the Overprint Varnish Market in the Next 5 Years?
In the overprint varnish market, primary firms are focusing their efforts on the creation of innovative products that prioritize sustainability and safety in packaging materials, responding to an increased consumer demand for environmentally considerate and high-quality products. Sustainable and safe packaging materials aim to utilize eco-friendly, recyclable, and non-toxic substances to diminish environmental damage and ensure the wellbeing of consumers. To illustrate, in November 2023, Akzo Nobel Packaging Coatings Ltd - a paint manufacturing company based in the US - introduced two advanced waterborne overprint varnishes, Accelstyle 100 and Accelstyle 200, targeting two-piece aluminum beverage cans. These items are notable for not containing bisphenols, styrene, and per-and polyfluoroalkyl substances (PFAS), which demonstrates the industry's increasing emphasis on safety and sustainability in packaging. These varnishes are designed to satisfy the needs of the beverage industry and they offer excellent performance while adhering to eco-friendly guidelines. Their introduction supports the continuing trend towards more conscientious packaging materials. This innovation is consistent with the wider movement to decrease the use of harmful chemicals in consumer products.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Overprint Varnish Market?
2. What is the CAGR expected in the Overprint Varnish Market?
3. What Are the Key Innovations Transforming the Overprint Varnish Industry?
4. Which Region Is Leading the Overprint Varnish Market?
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