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HYDERABAD, India , May 3, 2022 /PRNewswire/ -- Wallpaper has been in the market for more than 100 years ago, while its usage has seen some drastic rise and fall. Earlier these wallpapers were used as an alternative to tapestries used by affluent homeowners, however, it has today become a luxury decorating tool. This transformational journey from being "a cost-effective alternative to luxury item" to becoming "the luxury item" has resulted in the stunning comeback of wallpaper. Wallpapers add aesthetic appeal to any space including drawing rooms, conference rooms, showrooms, malls, etc. Currently, a majority of the wallpapers are used in residential settings but demand for customized wallpapers is increasing in commercial buildings.

According to ReAnIn, the global digitally printed wallpaper market was valued at USD 2,904.92 million in the year 2021 and is projected to reach USD 8,038.10 million by the year 2028, registering a CAGR of 15.7% during the forecast period. Increasing demand for better aesthetic wallpaper, higher use of digital technology, and growing investment in infrastructure particularly urban housing are leading drivers of this market. According to the World Bank, more than 50% of the global population lives in urban areas currently and the urban population is expected to increase by 1.5 times by 2045. However, the availability of substitute products such as paints is expected to hamper the growth of the digitally printed wallpaper market.

Download free sample: Global Digitally Printed Wallpaper Market Growth, Share, Size, Trends and Forecast (2022 - 2028)

Impact of COVID-19 on the Digitally Printed Wallpaper Market

COVID-19 pandemic had a severe negative impact on the market as it stalled the majority of the construction projects. Moreover, due to the adverse impact of COVID-19 on the overall economy, people were reluctant to spend on avoidable things like wallpaper. According to the Pew Research Center, the unemployment rate increased from 3.8% in 2019 to 8.6% in 2020 in the US, compared with an increase from 6.9% to 7.1% in the EU. However, the economy has bounced back post-COVID-19 which in turn is expected to lead to growth in the digitally printed wallpaper market.

Key Highlights of the Report:

Access the report description on: Global Digitally Printed Wallpaper Market

ReAnIn has segmented the global digitally printed wallpaper market by:

Leading players operating in the global digitally printed wallpaper market are A.S. Creation Tapeten AG, ABC Imaging, Artwall, Erismann & Cie. GmbH, F. Schumacher, Flavor Paper, Great Wall Custom Coverings, Hollywood Monster, Muraspec Group, MX Display, 4Walls, and Sherwin-Williams Company. In November 2018 , EQT Mid Market Asia acquired a 40% stake in Artwall, a leading wallpaper designer, manufacturer, and retailer in China .

Know more about this report: Global Digitally Printed Wallpaper Market

ReAnIn provides end-to-end market research services which span across different support areas such as syndicated market research reports, custom market research reports, consulting, long-term engagement, and flash delivery. We are proud to have more than 100 Fortune 500 companies in our clientele. We are a client-first organization and we are known not just for meeting our client expectations but for exceeding them.

Name: Deepak Kumar  Email: [email protected]   Phone: +1 469-730-0260

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SOURCE Reanin Research & Consulting Private Limited

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