Wallpaper Market Size to Worth US$ 2.6 Billion by 2028 | With a 4.18% CAGR

IMARC Group's report titled “Wallpaper Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global wallpaper market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.18% during 2023-2028.

Wallpaper refers to a decorative material used to cover and enhance the interior walls of buildings. It is a versatile and popular choice for furnishing the aesthetic appeal of a room, adding character, and transforming its ambiance. It is generally produced from paper or vinyl, and modern wallpapers are available in various designs, patterns, colors, and textures, catering to several preferences and interior styles. It has evolved from hand-painted works of art in affluent homes to mass-produced rolls available for anyone to purchase. It involves applying a special adhesive to the back of the wallpaper, which is then carefully attached to the walls. It requires skill and precision to ensure a seamless and visually pleasing finish. It can help hide imperfections on walls, act as an insulating layer, and protect walls from wear and tear. Additionally, certain types of wallpaper are designed to be easily removable, making it a convenient choice for those who like to change their decor frequently.

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Wallpaper Market Trends and Drivers:

The wallpaper market is primarily driven by the growing inclination toward home improvement and interior decor projects. Additionally, homeowners seek to personalize their living spaces, and wallpaper has emerged as a versatile and visually appealing solution, thus influencing market growth. The desire to create aesthetically pleasing environments led to a rising demand for wallpapers that offer various patterns, colors, and textures, catering to diverse tastes and design preferences. Moreover, several advancements in printing technology are transforming the wallpaper industry as digital printing techniques allow manufacturers to produce wallpapers with intricate designs and high-definition graphics, offering unparalleled visual appeal to consumers, thus representing another major growth-inducing factor. This creates the possibilities for customization, allowing individuals to craft unique and personalized living spaces, giving rise to the escalating demand for bespoke and made-to-order wallpaper designs. Besides this, increasing awareness of environmental concerns led to the introduction of eco-friendly and sustainable products produced from recycled materials, natural fibers, and water-based inks, thus accelerating market growth. Also, manufacturers are responding to this trend by developing wallpaper lines that are visually captivating and also align with sustainability values, thus augmenting the market growth. Apart from this, the significant expansion of the hospitality and commercial sectors such as hotels, restaurants, offices, and retail spaces are adopting wallpaper as a means to create distinctive and captivating interiors that leave a lasting impression on customers and visitors, thus providing a positive thrust to the market growth. Along with this, the integration of smart technologies into the wallpaper industry, such as smart wallpapers equipped with features including interactive displays, light-emitting diodes (LEDs), and even conductive ink technology, is contributing to the market growth. Furthermore, innovative wallpapers offer functionalities beyond aesthetics, such as mood lighting, touch-sensitive surfaces, and even integrated home automation controls, which create a positive market outlook.

Wallpaper Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• A.S. Création Tapeten AG
• All 4 Walls Wallpaper
• Asian Paints Ltd.
• Brewster Home Fashions
• Erismann & Cie. GmbH
• F. Schumacher & Co.
• Grandeco Wallfashion Group Belgium NV
• Gratex Industries Ltd.
• Laura Ashley Holdings plc
• Marburger Tapetenfabrik
• Osborne & Little
• Sangetsu Corporation
• York Wallcoverings Inc.

The report has segmented the market into the following categories:

Breakup by Wallpaper Type:

• Vinyl Wallpaper
• Non-woven Wallpaper
• Paper-based Wallpaper
• Fabric Wallpaper
• Others

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End User:

• Residential
• Commercial

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

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