Overprint Varnish Market Expansion Outlook: $2.14 Billion in 2029

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What Is the Projected CAGR for the Overprint Varnish Market from 2024 to 2025?
The market size for overprint varnish has been on a steady incline in the last few years. It is projected to increase from $1.55 billion in 2024 to $1.65 billion in 2025, registering a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the historic period include the expansion of the printing and packaging industry, a surge in consumer preference for premium print finishes, an escalated use of flexible packaging, an increase in advertising and marketing efforts, as well as a rising demand for eco-friendly packaging solutions.

What are the Expected Market Size and CAGR for Overprint Varnish by 2029?
We anticipate a steady expansion in the overprint varnish market size in the forthcoming years, with projections pegging its value at $2.14 billion in 2029 and a compound annual growth rate (CAGR) of 6.7%. The projected increase during this time span is likely due to several factors, such as the expansion of e-commerce and online retail industries, prioritization of non-toxic and food-safe coatings, the growing popularity of UV-curable varnishes, emphasis on recyclability and circular economy, and a surging demand for goods that are environmentally friendly. Some of the key trends observed during the forecast period include advancements in printing technologies, the emergence of smart packaging technologies, digital transformation within the packaging and labelling industry, further strides in printing technology, and the introduction of eco-friendly alternatives.

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Which Factors Are Driving the Global Overprint Varnish Market Expansion?
The ascend in requisitions within the packaging sector is anticipated to boost the expansion of the overprint varnish industry in the future. This industry includes the creation, manufacture, and distribution of resources and tactics utilized for the preservation, encasement, and endorsement of goods. The upward thrust in packaging requests is influenced by elements such as the expansion of e-commerce, sustainability, product safety, and the introduction of inventive packaging solutions. The use of overprint varnish in packaging augments visual attractiveness, provides a safeguard, and enhances resistance against moisture, wear, and colour fade. For example, in March 2024, data from the American Forest & Paper Association (AF&PA) - a US association dedicated to promoting paper and wood product manufacturing - showed a 5% surge in the exportation of packaging sheets and specialized packaging in February 2024 compared to February 2023. As a result, the burgeoning requisitions in the packaging sector are propelling the expansion of the overprint varnish industry.

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Which Segment Currently Holds the Largest Share of 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

Which Major Trends Are Shaping the Future of the Overprint Varnish Industry?
Key players in the overprint varnish market are prioritizing the creation of innovative products that uphold values of sustainability and safety in packaging materials. This is in response to the increasing consumer preference for eco-friendly products that not only perform well and look good but are also safe. The approach to sustainable and safe packaging involves utilizing recyclable, eco-friendly and non-toxic materials, in an effort to mitigate environmental damage and protect consumers. A case in point is Akzo Nobel Packaging Coatings Ltd, a US-based paint manufacturer, which in November 2023 launched two state-of-the-art waterborne overprint varnishes - Accelstyle 100 and Accelstyle 200. These were specifically designed for two-piece aluminum beverage cans and marked a significant step forward by being devoid of harmful substances like bisphenols, styrene, and per- and polyfluoroalkyl substances (PFAS). This echoes the sector's intensified commitment to safety and sustainability in packaging. Both varnishes are tailored to meet the needs of the beverage industry and guarantee exceptional performance while complying with eco-friendly criteria. Their introduction bolsters the ongoing move towards more conscientious packaging materials, reflecting a wider industry shift towards minimising toxic elements in consumer products.

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Which Key Players Dominate the Overprint Varnish Industry Globally?
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 Fastest-Growing Regions 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.

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