“Global Overprint Varnish Market by Product Type, by Application, and by Region – Global Forecast from 2020 to 2029” is a recently published report by MarketResearch.biz. The report offers insights on the global overprint varnish market, which is the outcome of exhaustive primary and secondary research efforts, as well as high level of confidence gained through validation and verification using opinions and inputs from industry experts. The global overprint varnish market is expected to be valued at US$ approximately 0.9 Billion in 2020 and is projected to reach a value of around US$ 2 Billion in 2029.
Overprint varnish is a transparent printing ink applied to a printed piece as a coating after printing. There are three types of overprint varnish – UV curable overprint varnish, water-based overprint varnish, and solvent-based overprint varnish.
Browse the full “Global Overprint Varnish Market By Product Type, By Application, And By Region – Global Forecast From 2020 To 2029” report at https://marketresearch.biz/report/overprint-varnish-market/
Global Overprint Varnish Market: Dynamics
Increasing demand for commercial prints at supermarkets, strip malls, hospitals and others to attract customer is expected to result in increasing demand for the global overprint varnish market. Increasing regulatory demand for extra and detailed information on labels particularly in sectors such as pharma, healthcare, and cosmetics. Manufacturers are using advance technologies for printing labels with distinct functionalities, such as water and rub resistance and physical durability, this factor is projected to drive growth of the target market. Increasing demand from various end-user industries such as automotive industry such as vehicle body coating, scratch resistant coating and other, is another key factor driving significant growth of the global overprint varnish market. Adoption of overprint varnish techniques in the packaging industry of various food, cosmetics and other utility products, due to its performance attributes such as ink adhesion, high gloss, direct food contact, grease and water resistance, heat seal lidding, printability and low odor. All these factors are projected to support growth of the target market. Growing demand for flexible packaging structures for food, medicines and consumer goods applications with overprint varnish technique that protects any printed piece from fingerprints, smudges and wear and tear is expected to drive the market growth to a certain extent. Evolution of digital printing market, variety of primer and overprint varnish solutions are designed for specific digital printing applications which is expected to augment demand for the products and drive growth of the global overprint varnish market. Other benefits of overprint varnish such as clear coats, resistant to alcohol, high gloss, quick drying, etc., are widely used on printed cartons used for cosmetic boxes, magazines, catalogues, book covers, greeting cards, etc. are projected to drive growth of the target market. High installation cost of heavy tools used for printing labels using overprint varnish technique is important factor hindering growth of the target market. Fluctuations in costs of raw materials such as wax, styrene-acrylate-dispersion, polyethylene, etc. that are used for overprint varnish are projected to restraint growth of the target market.
Global Overprint Varnish Market: Market Forecast
The research report consists of a complete forecast of the global overprint varnish market based on driving and restraining factors affecting the market and their impact in next 10 years. According to the forecast projections, revenue from the global overprint varnish market is projected to register a CAGR of 9.2% over the forecast period.
Global Overprint Varnish Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes UV curable overprint varnish, water-based overprint varnish and solvent-based overprint varnish. The application segment includes commercial prints, labels, pharmaceuticals, packaging, and other applications. Regions include North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Type: The water-based overprint varnish segment is projected to register highest CAGR of over 9.1% during the forecast period
Application: The food application segment is projected to register highest CAGR of over 9.6% during the 10-year forecast period
Region: The market in the Asia Pacific is projected to register highest CAGR of over 9.2% over the 10-year forecast period
Global Overprint Varnish Market: Competitive Analysis
The global overprint varnish market report includes company profiles of major players such as ALTANA AG, DIC Corporation, Michelman Incorporated, CHT R. Beitlich GmbH, Eston Chimica S.r.l., Heidelberger Druckmaschinen AG (Hi-Tech Coatings), Conzzeta AG (Schmid Rhyner AG), ANWIN Group, Van Son Holland Ink Corporation of America, Zeller+Gmelin GmbH & Co. KG, Toyo Ink Group, and Hubergroup.
“Global Overprint Varnish Market: Global Market Insights, Industry Trends, Global Market Size & Share, Top Manufacturers, Growth Drivers, Restraints, Segments, and Forecast 2020 – 2029” report has been produced based on deep study about the market with inputs from industry experts. This report covers the historical and present scenario, and future growth prospects of the global overprint varnish market for 2019–2029.
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