Global Digital Printed Wallpaper Market Competitive Landscape, Growth Factors, Revenue Analysis by 2028

The global Digital Printed Wallpaper market is anticipated to grow at a CAGR of 19.1 % during the forecast period (2022-2028). Digital printed wallpaper is an item of interior decorations that decorates the walls of the building. The digital printed wallpaper can be printed by digitally printing any pattern or photo directly from the device. The major factor attributing to the growth of the global digital printed wallpaper market is the increasing application of printed wallpapers in newly constructed houses & buildings due to increasing investment in construction & infrastructure across the globe during the forecast. According to the Institute of Civil Engineers (ICE), the global construction market is anticipated to reach around $8 trillion by 2030 due to the development activities of countries including the US, China, and India. Thus, increasing the demand for digitally printed wallpapers in homes.

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The sale of digitally printed wallpapers is also increasing for interior decoration due to increased spending due to increasing adjusted net national income per capita across the globe resulting in increased purchasing power. According to the World Bank Data statistics, the adjusted net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Furthermore, the commercial use of digitally printed wallpapers is also increasing in hotels for interior and room decorations to attract more customers due to the increasing number of hotels across the globe. According to an article published by Condor Ferries Ltd. in 2021, there are more than 7, 00,000 hotels & resorts accounting for 16.4 million hotel rooms across the globe. The size of the global hotel industry is around $570 billion. Among these, China is the country with the most number of hotels with around 4,169 hotels. London & Dubai are the cities with the major number of 5-star hotels in the world accounting for 65 hotels in London, and 61 hotels in Dubai. Thus, propelling the growth of the global digital printed wallpaper market during the forecast period.

Some major players in the market include the Eijffinger United States, Flavor Paper, Pluricom SRL, PS International, and Gimmersta Wallpaper AB, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in May 2022, Ardmore-Jabula introduced a new design of wallpaper called "The Afrika Kingdom" featuring natives of South Afrika's Kruger National Park.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Printing Technology
By Material
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Gebroeders Eijffinger B.V. , Flavor Paper, Pluricom SRL, PS International, Gimmersta Wallpaper AB, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Digital Printed Wallpaper Market Report by Segment

By Printing Technology

Inkjet
Electrophotography

By Material

Vinyl
Paper
Glass Fiber
Others

By Application

Residential
Commercial

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This release was published on openPR.