Décor Paper Market
Future Market Insights (FMI) has published a detailed report projecting that the global décor paper market will grow at an average CAGR of 5.3% over the forecast period from 2023 to 2033. The market, which is anticipated to hold a revenue of US$ 4.84 billion in 2023, is expected to cross US$ 8.11 billion by 2033.
Core Concepts in the Décor Paper Industry
Current Market Value: The décor paper market is valued at US$ 4.84 billion in 2023.
Projected Market Size by 2033: The market is anticipated to surpass US$ 8.11 billion by 2033.
CAGR Prediction: The market is projected to accelerate at a CAGR of 5.3% between 2023 and 2033.
Lucrative Country: China is a key player, with a 2023 market revenue of US$ 1.13 billion, marking it as a promising hub for décor paper.
Key Segment by Application: The high-pressure laminates segment is expected to dominate the market, registering an 8.1% CAGR through 2033.
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Market Drivers and Trends
- Expansion in Infrastructure and Construction: The increasing infrastructure and construction activities are driving the demand for décor papers, particularly for furniture surfaces, paneling, and flooring. Décor paper is gaining traction due to its advanced designs, aesthetic appeal, and lamination support, which are essential for modern furniture and interior design.
- Diverse Applications and Benefits: Décor paper offers benefits such as impregnability, surface quality, dimensional stability, and color consistency. These qualities make it an ideal choice for the expanding furniture, flooring, and interior fitting industries. The high-color precision and stable dimensions of décor paper add quality finishes to wooden materials, enhancing their use in various applications.
- Growing Home Décor Industry: Changing consumer preferences and lifestyle trends are boosting the home décor industry. Decorative paper plates, paper rolls, and home decorating paper are seeing high demand, especially for special occasions and disposable crockery. This trend is contributing significantly to the sales of décor papers.
Market Insights
- Short-Term Growth (2023 to 2026):
- Lifestyle trends are expected to evolve, changing the home décor industry significantly.
- Increased use of décor paper, décor glass, and décor polystyrene in luxury furniture globally.
- The market is expected to reach US$ 5.68 billion by 2026.
- Medium-Term Growth (2026 to 2029):
- The growing popularity of high-end quality finishes on wood-based surfaces.
- Increased demand for luxury and high-quality furniture in both residential and commercial applications.
- The market is anticipated to reach US$ 6.63 billion by 2029.
- Long-Term Growth (2029 to 2033):
- Rising building and construction activity.
- Increased consumption of furniture and per capita disposable income in emerging economies.
- Focus on visual appearance of products expected to drive sales.
- Steady CAGR of 5.3% predicted from 2023 to 2033.
Opportunities for Décor Paper Manufacturers
- Urbanization and Changing Consumer Preferences: Urbanization has significantly increased globally, driving the demand for visually appealing products. The adoption of better and more luxurious lifestyles is expected to boost demand for home decorating paper and framed paper flower wall décor.
- Expansion in Emerging Economies: Emerging economies like India are seeing notable demand for home décor products. Initiatives like the partnership between Ekta Kapoor and Roposo to launch the home décor brand ‘EK’ are promoting local artisans and craftsmen, reflecting the growing opportunities in these markets.
Regional Market Highlights
United States:
- The U.S. market is thriving at a CAGR of 5.3% between 2023 and 2033.
- The market is projected to hold a value of US$ 1.02 billion in 2023.
- The U.S. real estate market has seen substantial investments and an increase in residential construction activity.
- Décor paper consumption in North America accounted for 25.1% of the global industry in 2022.
- High demand for luxury furniture and designer furniture in commercial establishments is influencing market growth.
Competitive Landscape
The competitors are focusing on applying better-looking material while also taking care of the environment. Brands are reshaping their strategies as the demand for printed lamination rises. Companies are producing specific papers for different operations. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel. The key players in the market are KOEHLER GROUP, KÄMMERER Paper GmbH, SURTECO GmbH, Onyx Papers Inc., BMK GmbH, Ahlstrom-Munksjö Oyj., Schattdecor AG, Neenah Inc., Pudumjee Paper Products, Lamigraf S.A., Schoeller Technocell GmbH & Co. KG, Lignadecor Uretim ve Pazarlama A.S, Impress Surfaces GmbH, Coveright Surfaces Spain SA, Malta-Decor Sp. Z.o.o, Fortune Paper Mills, and Pura Group
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Key Segments
by Product Type :
- Absorbent Kraft Paper
- Print Base Paper
- Other Decor Paper
by End Use :
- Décor Paper for Furniture & Cabinets
- Décor Paper for Flooring
- Décor Paper for Panelling
- Décor Paper for Store Fixtures
by Application :
- Low-pressure Laminates
- High-pressure Laminates
- Edge Banding Paper
by Weight :
- Décor Paper Less Than 65 GSM
- Décor Paper 65-80 GSM
- Décor Paper 81-100 GSM
- Décor Paper Above 100 GSM
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of APEJ
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Rest of MEA
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