Global Furniture Decor Papers Market Size To Exceed USD 7.0 Billion By 2033 | CAGR of 6.30%
Category: Chemicals & MaterialsGlobal Furniture Decor Papers Market Size To Exceed USD 7.0 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Furniture Decor Papers Market Size Expected to Grow from USD 3.8 Billion in 2023 to USD 7.0 Billion by 2033, at a CAGR of 6.30% during the forecast period 2023-2033.
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Browse key industry insights spread across 246 pages with 111 Market data tables and figures & charts from the report on the "Global Furniture Decor Papers Market Size, Share, and COVID-19 Impact Analysis, By Type (Printed Decor Paper, Solid Color Paper, Woodgrain Paper, Absorbent Kraft Paper, Overlay Paper), By Application (Furniture Manufacturing, Laminate Flooring, Paneling, Cabinets, Decorative Surfaces), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/furniture-decor-papers-market
Furniture decor papers are ornamental materials composed of paper or vinyl that are put on furniture surfaces to enhance their appearance. They are printed with a variety of patterns and textures to seem like wood, marble, or cloth, making them an affordable option for obtaining high-end finishes in home and commercial areas. Moreover, the market for furniture decor papers is being driven by customer enthusiasm for low-cost home decor solutions and the popularity of DIY projects. Urbanization is increasing, along with the need for trendy, attractive furniture, which is propelling the market. Innovation in adhesive technologies, as well as a greater emphasis on sustainable, non-toxic materials, are strengthening the industry and making it an appealing option for both manufacturers and environmentally conscious customers. More customers' involvement in house improvement and renovation widens the client base in demand of new, cost-effective décor for personalized living spaces. However, the furniture decor papers market confronts a number of issues, including fluctuations in raw material pricing and competition from alternative decorative solutions such as laminates and veneers.
The printed decor paper segment is expected to hold the largest share of the global furniture decor papers market during the projected timeframe.
Based on type, the global furniture decor papers market is categorized as printed decor paper, solid colour paper, woodgrain paper, absorbent kraft paper, and overlay paper. Among these, the printed decor paper segment is expected to hold the largest share of the global furniture decor papers market during the projected timeframe. This is due to the variety of designs, patterns, and textures available to meet the diverse needs of its customers. The growing desire for customized and bespoke furniture solutions accelerates their acceptance.
The furniture manufacturing segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the application, the global furniture decor papers market is categorized as furniture manufacturing, laminate flooring, panelling, cabinets, and decorative surfaces. Among these, the furniture manufacturing segment is expected to grow at the fastest CAGR during the projected timeframe. This is due to the growing demand for personalized, stylish furniture with distinctive finishes. Decor papers are a cost-effective alternative to pricey materials. Furthermore, the trend in home renovations and interior design projects raises the demand for affordable but visually acceptable furniture options.
Asia Pacific is projected to hold the largest share of the global furniture decor papers market over the forecast period.
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Asia Pacific is projected to hold the largest share of the global furniture decor papers market over the forecast period. Rapid urbanization, rising discretionary income, and a strong manufacturing base in nations like China, India, and Vietnam all contribute to this expansion. The growing need for inexpensive, fashionable furniture solutions in both the home and commercial sectors helps the industry grow further.
North America is expected to grow at the fastest CAGR growth of the global furniture decor papers market during the forecast period. The market's growth is aided by a strong demand for personalization, as buyers seek unique furniture designs. The increase in the home restoration sector raises the demand for inexpensive and fashionable finishes. Improving printing technology also allows for high-quality, intricate designs that appeal to North American consumers, hence supporting market growth in the region.
Major vendors in the global furniture decor papers market are Ahlstrom-Munksjö, Mitsubishi Paper Mills Limited, Toppan Printing Co., Ltd., Sappi Lanaken Mill, Häfele GmbH & Co KG, Folex AG, Stora Enso, BASF SE, Greenlam Industries Ltd., Laminex Australia, Egger Group, Asia Pulp & Paper (APP), and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In March 2024, Ahlstrom announced plans to enhance creped base paper output at its Thilmany factory in Wisconsin, USA. Based on the investment, the company would be able to increase its crepe paper production by an estimated 30,000 tons per year.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global furniture decor papers market based on the below-mentioned segments:
Global Furniture Decor Papers Market, By Product Type
- Printed Decor Paper
- Solid Color Paper
- Woodgrain Paper
- Absorbent Kraft Paper
- Overlay Paper
Global Furniture Decor Papers Market, By Application
- Furniture Manufacturing
- Laminate Flooring
- Panelling
- Cabinets
- Decorative Surfaces
- Others
Global Furniture Decor Papers Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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