Wallpaper Market CAGR Shows Signs of Growth By 2028

Wallpaper Industry Overview

The global wallpaper market size was valued at USD 1.66 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028.

 

Increasing consumer spending on house renovation supported by higher disposable income is the major factor driving the product demand. The COVID-19 has resulted in a significant slowdown of the global economy. The pandemic has delayed the supply chain activity. The reliance for wallpapers on countries, such as South Korea and China, is, thus, impacting the market growth. However, supportive housing schemes in countries, such as India and Brazil, are fueling the demand for rental housing in these countries. This, in turn, is anticipated to drive the overall market.

 

Gather more insights about the market drivers, restrains and growth of the Global Wallpaper Market

 

Several companies in the industry have been seeking new ways to interact with their consumers. The COVID-19 pandemic has increased the adoption of online e-commerce channels to gain traction in the global market. For instance, Gucci launched a new app featuring wallpapers, stickers, and other motifs on its application.

 

Widespread lockdown orders have spurred product demand among households. Several young homeowners are spending more on home décor and remodeling activities. According to Klarna, young homeowners utilized a huge portion of their income on gardening and home products during the lockdown.

 

Furthermore, the lockdown is slowly being uplifted in various regions, which is creating a favorable scenario for the hospitality sector. This, in turn, widens the product application scope in the commercial segment, thereby augmenting the wallpaper market growth.

 

Browse through Grand View Research’s Homecare & Décor Industry Research Reports

• Landscaping Products Market: The global landscaping products market size to be valued at USD 91.9 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% during the forecast period.
• Sponge & Scouring Pads Market: The global sponge and scouring pads market size to be valued at USD 5.6 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 2.3% during the forecast period.

 

Wallpaper Market Segmentation

Grand View Research has segmented the global wallpaper market on the basis of product, end-use, and region:

Wallpaper Product Outlook (Revenue, USD Million, 2016 – 2028)

• Vinyl
• Nonwoven
• Paper
• Fabric
• Others

Wallpaper End-use Outlook (Revenue, USD Million, 2016 – 2028)

• Residential
• Commercial

Wallpaper Regional Outlook (Revenue, USD Million, 2016 – 2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

 

Market Share Insights

• May 2021: Schumacher & Co. announced the acquisition of Backdrop. This acquisition will allow the company to improve its market share by expanding the product range.

 

Key Companies profiled:

Some of the key companies in the global wallpaper market are:

• Sangetsu Corp.
• York Wallcoverings, Inc.
• Schumacher & Co.
• AS Creation Tapeten AG
• Osborne & Little
• The Romo Group
• Grandeco
• 4Walls
• Marburger Tapetenfabrik
• Asian Paints

 

Order a free sample PDF of the Wallpaper Market Intelligence Study, published by Grand View Research.