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Report Overview
The Global household decor papers market size was USD 3854.81 million in 2021. As per our research, the market is expected to reach USD 4714.95 million by 2027, exhibiting a CAGR of 3.41% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the household decor papers market growth and demand returning to pre-pandemic levels once the pandemic is over.
Due to the rising demand for durable and aesthetically pleasing décor solutions, the market for home decor papers has experienced rapid growth in recent years. These papers, often referred to as decorative laminates, are widely utilized in various products, including wall panels, furniture, floors, and countertops. Both consumers and interior designers prefer them since they provide various design options, texturThees, and finishes. In the upcoming years, it's anticipated that the market for papers for home décor will continue to expand steadily. The industry is growing due to quick urbanization, increased disposable incomes, and shifting customer preferences toward contemporary and fashionable interiors. The increased awareness of eco-friendly products and sustainable resources has also boosted the market for home decor papers.
Furniture manufacturers frequently employ melamine decor papers because of their superior heat, chemicals, and abrasion resilience. These papers come in various hues, designs, and textures, enabling customers to design unique pieces of aesthetically pleasing furniture. Papers with decorative laminates printed with high pressure are renowned for being exceptionally strong and durable. They are widely utilized in wall panels, kitchen countertops, and flooring where strong wear, moisture, and impact resistance are needed. A wide range of design options, such as woodgrains, stone textures, and abstract patterns, are available in HPL sheets. Digital printing innovations have allowed the reproduction of complex patterns, images, and textures on decorative papers. Consumers can design countless interiors with digital print decor papers, providing endless design options. Both the household and business sectors are gaining popularity for these sheets. The furniture industry extensively uses finish foils, often known as pre-impregnated decor papers. These papers are heated under pressure and then immediately applied to the surface of substrates made of wood or wood-based materials. They offer a flawless, long-lasting finish that improves the appearance and robustness of furniture.
COVID-19 Impact: Restrictions On Construction Activities Hampered The Market Growth
The COVID-19 pandemic outbreak has significantly impacted the industry for domestic decor papers. Government-imposed lockdowns caused supply chains to be disrupted, industrial capacity to be limited, and consumer spending to fall. The closing of retail establishments and limits on construction projects also hampered the market's expansion. However, the market for home decor papers is anticipated to rebound as the world progressively recovers from the pandemic. A pent-up demand for décor papers has been formed because of the lockdown's increased attention on home remodeling initiatives. The increased popularity of remote work and the need for cozy, attractive home offices have increased demand for home decor materials.
Latest Trends
"Rising Demand For Sustainable And Eco-Friendly Products Boosts Market Expansion"
The growing desire for environmentally friendly and sustainable goods is one of the most recent trends in the market for home décor sheets. Customers are choosing décor papers manufactured from recycled materials or those that have received environmental certification in greater numbers due to growing environmental concerns. Manufacturers respond to this trend by creating cutting-edge goods with smaller environmental footprints, like post-consumer waste-derived papers and water-based laminates. Incorporating technology into papers used for home décor is another new trend. Developing smart decor papers with embedded sensors and actuators will enable new features, including temperature control, lighting effects, and interactive surfaces. These technological developments alter how we interact with our homes and create new opportunities for imaginative and immersive interior designs.
Segmentation
- By Type Analysis
The market can be segmented into print base paper, absorbent kraft paper, and others.
Among these, print base paper is projected to experience rapid growth through 2028.
- By Application Analysis
The market can be divided based on application into furniture and cabinets, flooring, and others. Furniture is expected to hold the most market share in the upcoming years.
Driving Factors
"Increasing Urbanization and Disposable Incomes to Propel Market Expansion"
The need for contemporary interiors has increased due to rapid urbanization, particularly in emerging nations. The need for aesthetically beautiful and practical living spaces has increased as more individuals move to urban areas for better possibilities. In addition, customers' increased ability to invest in home improvement initiatives has increased demand for domestic decor sheets.
"Changing Consumer Preferences and Design Trends to Fuel Market Growth"
Over time, consumer tastes in interior design have changed. Modern, minimalist designs that express individual taste and improve living spaces' atmosphere are becoming increasingly popular. Household decor sheets provide a practical and affordable way to accomplish these design objectives. Various colors, patterns, and textures are readily available, enabling customers to explore and design distinctive homes that suit their interests.
Restraining Factor
"Volatile Raw Material Prices to Hinder Market Growth"
Resins, adhesives, and paper substrates are raw materials whose costs can change and are used to make home decor papers. These pricing differences may hurt the producers' ability to profit and raise consumer costs. The market for home decor sheets is extremely crowded, with many players doing business internationally. Manufacturers must continuously develop and produce unique products to stay ahead of the competition. Profit margins may be under strain from this fierce competition, which may also impede the market's expansion. Several environmental restrictions apply to the household decor papers sector, particularly adhesives, coatings, and chemicals. For manufacturers, complying with these rules can be expensive and time-consuming, which affects their business operations and product development.
Regional Insights
"North America To Dominate Market Due To Increasing Urbanization and Disposable Incomes"
U.S. holds the household decor papers market share, and factors driving the market growth in this region include increasing urbanization and disposable incomes. Increased construction activity and demand for contemporary interiors are the results of rapid urbanization, particularly in developing nations. The need for aesthetically beautiful and practical living areas has increased as more individuals move to cities for better possibilities. The domestic décor sheet market is also driven by increased disposable incomes, allowing customers to indulge in home improvement initiatives.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Cartiere Di Guarcino SPA (Italy)
- Koehler Paper (Germany)
- BMK (China)
- Hangzhou Fimo Decorative Material (China)
- Fortune Paper Mills (India)
- Onyx Specialty Papers (U.S.)
- Qifeng New Material Co (China)
- Lamigraf, SA (Spain)
- Malta Décor (Malta)
- Impress Surfaces (Germany)
- Pura Group (Indonesia)
- Pudumjee Paper Products (India)
- Ahlstrom-Munksjö (Finland)
- King Décor (Germany)
- Zhejiang Shenglong Decoration Material (China)
- KJ SPECIALTY PAPER (Canada)
- KÄMMERER (Germany)
- Felix Schoeller (Germany)
- Surteco (Germany)
- Schattdecor (Germany)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 3854.81 Million in 2021 |
Market Size Value By |
US$ 4714.95 Million by 2027 |
Growth Rate |
CAGR of 3.41% from 2021 to 2027 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the household decor papers market expected to touch by 2027?
The household decor papers market is expected to reach USD 4714.95 million by 2027.
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What CAGR is the household decor papers market expected to exhibit by 2027?
The household decor papers market is expected to exhibit a CAGR of 3.41% by 2027.
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Which are the driving factors of the Household Decor Papers market?
The Household Decor Papers market's driving factors are increasing urbanization and disposable incomes and Changing Consumer Preferences and Design Trends.
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Which are the key players or most dominating companies functioning in the Household Decor Papers market?
Cartiere Di Guarcino SPA (Italy), Koehler Paper (Germany), BMK (China), Hangzhou Fimo Decorative Material (China), and Fortune Paper Mills (India) are some of the top companies in the Household Decor Papers market.