Indian Wallpaper Market Share, Industry Growth Analysis, Revenue, Size, Report 2022-2027
According to the latest report by IMARC Group, titled, "Indian Wallpaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, provide the Indian wallpaper market size reached a value of US$ 98.5 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 22% during 2022-2027.The report provides a detailed analysis of the market by product type, region, distribution channel and end user Also, the report analyzes of market's competitive landscape.
Base Year: 2020
Forecast Year: 2022-2027
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Indian Wallpaper Market Industry Definition and Application:
Wallpapers are decorative materials that are used to cover the interior walls of residential and commercial spaces. Made from paper, vinyl and plastic, they are widely available in numerous forms, such as textured paper, lining paper and set of sheets with a single non-repeating design. Wallpapers comprise ground coat, applied ink and backing, which can be made up of wood pulp, groundwood or woven textiles. They are extremely durable in nature and can be used for years without the need for replacement, owing to which they are replacing wall paints. They can also be customized in accordance with the user's preference and are utilized to impart style and color to a particular space.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Indian Wallpaper Market Trends and Drivers:
The Indian market is primarily driven by the rising number of construction activities in the country. Rapid urbanization and changing lifestyle preferences of the masses have led to the increasing demand for residential spaces, thereby facilitating the uptake of interior decorative materials. A significant rise in the requirement for the refurbishment of existing infrastructure is also contributing to the market growth. Apart from this, the confluence of numerous factors, including inflating disposable income levels, increasing middle-class population and growing preference for aesthetically appealing interior designs among the majority of the individuals, is providing a thrust to the market growth. Furthermore, numerous key players are extensively investing in the development of efficient variants, which is acting another major growth-inducing factor. For instance, they have launched lead-free wallpapers, which are gaining widespread preference among health-conscious customers. Non-woven wallpapers are also gaining popularity among consumers due to their tear resistance, washability, and ease of removal. Other factors driving market growth include the introduction of wallpapers with simple application and the expansion of online retail platforms across the country.
Indian Wallpaper Market Segmentation:
The report has segmented on the basis of product type, region, distribution channel and end user
Market Breakup by Region
West and Central India
Market Breakup by Product Type
Pure Paper Type
Market Breakup by Distribution Channel
Market Breakup by End-User
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