The market is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization with large-scale investments in the industrial and infrastructural sectors. Growing construction activities in emerging economies and demand for interior decoration have subsequently created growth opportunities for the digitally printed wallpaper market.Digitally printed wallpaper market is projected to reach USD 7.74 Billion by 2023. The digitally printed wallpaper market size is projected to grow from USD 2.53 Billion in 2018 to USD 7.74 Billion by 2023, at a CAGR of 25.0%.
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The market ecosystem includes various stakeholders involved in the supply chain of the digitally printed wallpaper market starting from the procurement of raw materials to final product manufacturing. Post this, the marketing and sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential consumers. The global market for the digitally printed wallpaper is dominated by players such as A.S. Création Tapeten (Germany), Muraspec Decorative Solutions (UK), Tapetenfabrik Gebr, Rasch GmbH & Co. KG (Germany), Graham & Brown (England), MX Display (UK), Flavor Paper US), 4walls (US), Peggy-Betty Designs (UK), The Printed Wallpaper Company (UK), Hollywood Monster (UK), and Great Wall Custom Coverings (US).
Target audience
- Raw material suppliers
- Original equipment manufacturers
- Architects and interior designers
- Building contractors
- Regulatory bodies
- End users
- Market research and consulting firms
Asia Pacific is projected to be the fastest-growing regional market during the forecast period. China contributes a major share in the Asia Pacific market. The increasing number of new housing units, increasing demand for cheaper interior decoration, along with an increase in population and huge investments in the infrastructure sector are fueling the demand for digitally printed wallpaper in this region.
