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) and By Regions - Global Forecast to 2030

“Global Overprint Varnish Market” is the title of a recently published market report compiled by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global overprint varnish market has been segmented on the basis of type, application, as well as regions and countries.

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The Global Overprint Varnish Market was valued at UЅD $945.4 Мn in 2020, and is projected to achieve a valuation of UЅD $2,090.8 Мn by 2030, at a САGR of 10.0%.

Overview:

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.

Dynamics:

The widespread usage of overprint varnish for various commercial label print applications for end-users such as malls, supermarkets, hospitals, etc., as well as the steady expansion of the printing industry in recent are some of the primary factors that are anticipated to continue to fuel the revenue growth of the global overprint varnish market over the next decade. Moreover, the increasing usage of advanced printing techniques being utilized by various industries such as pharma, cosmetics, healthcare, etc., requires the utilization of innovative printing techniques with defined functionalities, such as improved physical durability, rub resistance, water resistance, etc., is also a factor that is slated to boost opportunities for market growth in the years to come.

Furthermore, the increasing demand for flexible packaging solutions that employ the overprint varnish process, as well as the steady expansion of these end-use industries are some of the other factors that are expected to have a positive influence on the revenue growth of the global overprint varnish market in the near future.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global overprint varnish market is no different, and this factor is anticipated to have a significantly negative impact on the revenue growth of this industry. Moreover, the continual fluctuation in the prices of raw materials required by this industry, as well as high costs associated with the installation and maintenance of necessary printing tools are some of the other factors that may hinder the revenue growth of the global overprint varnish market in the years to come.

Nonetheless, increasing investments being made by key industry players towards R&D activities, as well as the continuous development and implementation of advanced printing products are some of the other factors than are anticipated to further augment the revenue growth of the global overprint varnish market in the foreseeable future.

Segmentation of the Global Overprint Varnish Market is as follows:

In terms of type, the water-based overprint varnish segment accounted for the maximum number of revenue shares of the global overprint varnish market in 2020, and is expected to continue doing so over the forecast period. The UV curable overprint varnish segment is also anticipated to index a high CAGR over the next 10 years.

On the basis of application, the packaging segment accounted for the maximum number of revenue shares of the global overprint varnish market in 2020, and this segment is slated to continue to do so over the next 10 years. However, the food segment is expected to register the highest CAGR over the forecast period.

Regional Segmentation and Analysis:

The markets in the Asia Pacific region accounted for the maximum number of revenue shares of the global overprint varnish market in 2020, and are indicative of remaining this industry’s front-runner over the next decade. The markets in Europe and North America accounted for the second-, and third-highest number of revenue shares of the global overprint varnish market in 2020, and they are anticipated to retain their respective market positions over the course of the forecast period.

Segmentation of the Global Overprint Varnish Market:

Segmentation by Type:

• UV curable Overprint Varnish
• Water based Overprint Varnish
• Solvent based Overprint Varnish

Segmentation by Application:

• Commercial prints
• Labels
• Pharmaceuticals
• Packaging
• Other Applications

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA