Indian Wallpaper Market Current Scenario and Growth Prospects to 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Indian Wallpaper Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the Indian wallpaper market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the Indian wallpaper market?

The Indian wallpaper market size reached US$ 136.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 442.9 Million by 2028, exhibiting a growth rate (CAGR) of 21.65% during 2023-2028.

What is wallpaper?

Wallpaper refers to thick decorative or patterned paper available in numerous materials such as non-woven, pure paper type, vinyl-based, fiberglass, and bamboo wallpaper. It is available in several sizes, textures, colors, patterns, and shapes to enhance the appearance of walls. It maintains color-fastness even when exposed to light by resisting change and loss of color and exhibits antibacterial properties, preventing the growth of harmful bacteria and fungi. It can cover cracked, damaged, and uneven walls, providing an aesthetic look to any space. It is easy to peel off, washable, highly durable, and can be scrubbed with a brush and detergent solution. Additionally, it is cost-effective, offers longevity, and has a longer lifespan with abrasion resistance and stain resistance properties, which can effectively remove coffee stains, grease, and butter. As a result, it finds extensive application in residential, administrative, and commercial sectors in India.

Request for a sample copy of this report: https://www.imarcgroup.com/indian-wallpaper-market/requestsample

What are the growth prospects and trends in the Indian wallpaper industry?

The market is primarily driven by the significant expansion in building and construction activities. In addition, the growing popularity of home renovation activities due to the changing taste and increasing disposable incomes of individuals are contributing to the market growth. In line with this, the improving lifestyles of consumers, rapid modernization of suburban areas, and the rising demand for decorative wallpapers are influencing market growth. Moreover, the widespread adoption of eco-friendly decorative wallpaper options due to the rising awareness among individuals regarding the harmful chemicals in paints represents another major growth-inducing factor. Besides this, the emerging start-ups and the expanding e-commerce sector providing convenience, doorstep delivery, secure payment options, and several wallpaper options, such as three-dimensional (3D), embossed, and non-woven, are accelerating the product demand rate. Additionally, the increasing use of wallpapers, as they can be applied to various surfaces such as prefabricated panels, concrete, plaster, painted surfaces, and brick, is offering lucrative growth opportunities to industry investors in the country. Along with this, the growing popularity of customized wallpapers due to the increasing do-it-yourself (DIY) trend among consumers and the surging demand for non-woven wallpapers, known for their tear-resistant qualities that facilitate easier installation and removal, are propelling the market growth.

Apart from this, the industry is expected to face competition in the upcoming years as various key players are implementing competitive strategies to sustain their presence in the market. For instance, in March 2022, Asian Paints unveiled two significant releases, Transcendent Pink, the Color of the Year, and Lotus & Stilts, introduced as the Wallpaper of the Year. The Wallpaper of the Year, Lotus and Stilts, represents transition and aligns with the prevailing mood of 2022, drawing inspiration from the seasonal changes observed in birds and the unexpected blossoming of lotuses in unexpected locations. Asian Paints emphasized that the wallpaper designs beautifully capture the natural splendor of Nal Sarovar Lake to experience the soothing influence of nature. Furthermore, the extensive use of wallpapers among renters to decorate walls without damaging the original paint and the introduction of graphic design and new production methods for wallpaper design is creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Type Insights:

Vinyl-Based
Non-Woven
Pure Paper Type
Fiber Type
Others

Distribution Channel Insights:

Offline
Online

End-User Insights:

Residential
Commercial

Regional Insights:

North India
West and Central India
South India
East India

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1222&flag=C

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.