Worldwide sales of décor paper are currently valued at US$ 4.6 Bn. Rising at a CAGR of 5.5% from 2022 to 2027, the global décor paper market is expected to attain a valuation of US$ 6 Bn by the end of 2027.Demand for décor paper accounts for 9% share of the global flexible paper packaging market. Home decorating paper is anticipated to see high demand, driving the overall home décor industry, as consumer preferences change across the world.
The US$ 6 billion décor paper market is likely to witness an uptick by 5.5% in 2027, according to a recent analytical study presented by Future Market Insights (FMI).
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What Opportunities Could Décor Paper Manufacturers Cash In On?
“Rapid Urbanization & Changing Consumer Preferences to Boost Demand for Furniture Decor Paper”
Urbanization has increased substantially across the world and this factor has had a substantial effect on sales of décor paper. Increasing demand for visually appealing products has been propelled by increasing urbanization and changing lifestyle trends on a global scale. Framed paper flower wall décor and home decorating paper is expected to see high demand as the population adopts a better and more luxurious lifestyle.
Increasing opportunities in the home décor industry have led to many new players entering the market to capitalize on these opportunities. Especially, demand from emerging economies such as India is expected to be notable.
- For instance, in November 2021, Ekta Kapoor, an Indian television producer, partnered with Roposo to launch a new home décor brand named ‘EK’. The brand is focused on bringing Indian culture to all households and giving local artisans and craftsmen a platform to promote their work.
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Which Regional Markets Should Décor Paper Manufacturers Focus On?
“Increasing Per Capita Disposable Income to Propel Demand for Furniture Décor Paper in Asian Countries”
Décor paper market metrics for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) have been provided in detail in this updated FMI study.
Décor paper consumption in North America is expected to have a significant contribution to global market revenue. At present, the décor paper industry in North America holds a market share of 25.1% of the global industry landscape. Increasing demand for luxury furniture is expected to majorly influence market potential in the region.
Décor paper manufacturers are investing in manufacturing products with better aesthetic qualities and textures to meet increasing demand from the luxury furniture industry. Décor paper companies are also focusing on mergers & acquisitions to bolster their market presence across regions.
- In November 2020, Koehler Paper Group, a leading name in the specialty paper industry based in Germany, announced the acquisition of Beaver Paper & Graphic Media Inc. The acquired company is known for its sublimation media and its business is spread across 51 countries across the world.
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Key Segments Of Décor Paper Industry Survey
Décor Paper Market by Product Type :
- Absorbent Kraft Paper
- Print Base Paper
- Other Decor Paper
Décor Paper Market by End Use :
- Décor Paper for Furniture & Cabinets
- Décor Paper for Flooring
- Décor Paper for Panelling
- Décor Paper for Store Fixtures
Décor Paper Market by Application :
- Low-Pressure Laminates
- High-Pressure Laminates
- Edge Banding Paper
Décor Paper Market by Weight :
- Décor Paper Less Than 65 GSM
- Décor Paper 65-80 GSM
- Décor Paper 81-100 GSM
- Décor Paper Above 100 GSM
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The post The Global Décor Paper Market Is Expected To Attain A Valuation Of US$ 6 Bn By The End Of 2027 appeared first on Future Market Insights.
