“Global Overprint Varnish Market, By Type (UV Curable Overprint Varnish, Water-based Overprint Varnish, Solvent-based Overprint Varnish), By Application (Commercial Prints, Labels, Pharmaceuticals, Packaging, Other Applications), as well as by Region – Global Forecast 2020 to 2029.”, which offers a comprehensive view of the Global Overprint Varnish Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $1,443.6 Mn, and is estimated to increase significantly over the latter part of the forecast period.
Overprint Varnishes (OPVs) are coatings applied to an already printed sheet or web. The primary reasons for applying an OPV are gloss enhancement, stain resistance, edge fusion resistance, burnish, or scuff resistance, and resistance to discoloration from absorption of impurities in the environment.
The increasing prominence of the printing industry as a direct result of impactful commercial marketing endeavors across the world is a major factor that is anticipated to continue to fuel the revenue growth of the Global Overprint Varnish Market in the foreseeable future. Additionally, the increasing application of overprint varnish techniques in the automotive sector for body coating and scratch resistant coating purposes is another factor that is slated to compliment the market growth of this global industry in the years to come. Furthermore, the increasing enforcement of detailed labelling to be included for various products of end-use industries such as the cosmetic industry, the pharma sector, etc. is also a significant element that is expected to further augment the projected revenue growth of the Global Overprint Varnish Market over the next decade. Moreover, the increase in investments made by key industry players towards the development of innovative printing solutions to cater to the growing requirement for printed labelling and other related material such as billboards, banners, posters, etc. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Overprint Varnish Market to $2,090.8 Mn by 2029, at a CAGR of 10.0%.
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