Furniture Décor Papers Market Size, Share, Growth, and Industry Growth by Type (Print Base Paper, Solid Color Paper, and Others) By Application (Low Pressure Laminates, High Pressure Laminates, and Edge Banding) Regional Forecast To 2028

Updated On: 13 March 2023

REPORT OVERVIEW

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The global furniture décor paper market size was USD 2.3693 billion in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with furniture décor paper experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 3.8181 billion by 2028, exhibiting a CAGR of 7.1% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Furniture décor paper is used to provide a high-end quality finish to wood materials. The papers either have a print or a normal design. It is used for flooring, furniture surfaces, and paneling. It is available in a wide range of colors and weights. The papers have color constancy, high porosity, light resistance, and wet strength.

Growing popularity of luxury and high-quality furniture is estimated to surge market growth. Change in lifestyle and increasing preference for luxury furniture is anticipated to fuel market growth. High adoption of décor glass, décor paper, décor polystyrene, and others are projected to drive market growth. Growing construction activities and increased commercial and residential construction across the worldwide is anticipated to expand market growth in the upcoming years. Increased per capita disposable and growing focus on the visual appearance of furniture. High demand for aesthetic feel in residential and commercial. Also, growing number of interior designers is estimated to expand market growth. However, hard to place and humidity & climate are projected to hamper market growth. High cost of the paper is anticipated to hamper market growth in the upcoming years.

COVID-19 Impact: Closure of Manufacturing Facilities to Hamper Market Growth

COVID-19 pandemic created havoc worldwide due to lockdown restrictions. Closure of manufacturing activities reduced production facilities. Lack of distribution facilities reduced market progress. A shutdown of furniture showrooms or shops to hamper market growth. However, the post-pandemic market is expected to witness significant growth owing to changing lifestyle preferences and increasing demand for luxury furniture.

LATEST TRENDS

"Increased in Construction Activity to Incite Market Growth"

Increasing number of construction activity across the world is estimated to surge market growth. High adoption of aesthetic furniture and growing demand for furniture paper to provide high-end quality finish. These factors are predicted to expand market growth. Growing trend to replace and remodeling of furniture is estimated to surge market growth. Increased investment and growing demand for real estate are predicted to surge market growth in the forthcoming years. High demand for more furniture design in commercial and residential areas is anticipated to surge market growth. The paper offers attractive visual appeal and versatility are estimated to expand furniture décor paper market growth in the upcoming years.

SEGMENTATION

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• By Type

Based on type, the market is divided into print base paper, solid color paper, and others.

Print base paper is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into low pressure laminates, high pressure laminates, and edge banding.

Low pressure laminates are expected to be the leading part of application segmentation.

DRIVING FACTORS

"Expansion of Woodworked Furniture to Stimulate Market Performance"

Increased demand for woodworking furniture globally is estimated to expand market growth. High demand for décor in wooden flooring and the rising popularity of low-pressure laminates are estimated to fuel market growth. Increased demand for wood-based panels and the presence of high quality decorative papers are projected to drive market growth. Increased research and development activities are predicted to fuel market growth. Further, the presence of wide range of colors and weights of the product. Also, high demand for abrasion-resistant laminate flooring is projected to drive market growth. Additionally, growing adoption of paperboard and increased production of paper are predicted to surge furniture décor paper market growth.

"Changing Consumer Preferences and Rapid Urbanization to Incite Market Growth"

Changing consumer preferences and increased sales of furniture are estimated to surge market growth. A rise in the standard of living and a growing focus on creating a sustainable economy are predicted to surge market growth. Increased regulation for wood-based products and growing awareness about the benefits of the product, such as durability, ease of cleaning, and ease of application. These factors are projected to drive market growth. High demand for decorative furniture to match the home design is estimated to fuel market growth. The growing expansion of cabinets and furniture is attributed to surge in furniture décor paper market expansion. 

RESTRAINING FACTORS 

Hard to place and humidity & climate are projected to hamper market growth. High cost of the paper is anticipated to hamper market growth during the forecast period.

REGIONAL INSIGHTS

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"Increasing Demand for Luxury Furniture in North America to Drive Market Share "

North America is estimated to hold largest furniture décor paper market share owing to increasing demand for luxury furniture. Change in lifestyle and increased sales of furniture are estimated to surge market growth. Rise in standard of living and a growing focus on creating a sustainable economy are predicted to surge furniture décor paper market growth.

Europe is predicted to fuel market growth due to increased preference for designer furniture and increasing lifestyle trends. Increasing urbanization and growing building and construction activity is forecast to surge furniture décor paper market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

"List of Market Players Profiled"

• Felix Schoeller Group (Germany)
• Ahlstrom-Munksjö (Finland)
• Qifeng New Material (China) 
• Koehler Paper (Germany)
• Malta-Décor (Poland)
• Surteco (Germany)
• Shandong Lunan New Materials (China)
• Impress Surfaces (Germany)
• KÄMMERER (Germany)
• Zhejiang Dilong New Material (China)
• SHENGLONG SPLENDECOR (China)
• Onyx Specialty Papers (U.S.)
• PAPCEL (U.S.)
• KJ Specialty Paper (Japan)
• Pudumjee Paper Products (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.