NEW YORK, April 23, 2019 (GLOBE NEWSWIRE) -- The global digitally printed wallpaper market is anticipated to reach USD 10.43 billion by 2025, while augmenting at a CAGR of 23.6% during the forecast period. The primary factors driving the market growth include; rapid urbanization, increasing demand for digital technology in wallpapers, and increasing capital investments in research and development activities. Additionally, growing expenditure on infrastructural activities is further expected to propel the market growth over the forecast period.
With the advent of digitization in the hospitality sector, digitally printed wallpapers are gaining popularity. It enhances the visual appeal of the wall, and is more environment-friendly as compared to paints. Besides, digitally printed wallpapers also offer variety of designs and help eliminate distortion in images. Furthermore, increasing demand for luxury wallpapers has further led to the rapid adoption of DPW across various end-use industries.
Key findings of the report:
- Based on substrate, the vinyl segment is expected to register the highest CAGR during the forecast period, as it is cost-effective, more durable, stain-resistant, and easy to maintain. Furthermore, Nonwoven wallpapers are estimated to hold the major market share in 2018.
- Based on printing technology, the inkjet technology segment dominated the market in 2018, and is likely to retain its dominance over the forecast period. Consumer demand for high-quality print wallpaper is likely to foster the segment growth.
- On the basis of end-use, residential segment is projected to be the fastest growing segment during 2019-2025. Demand for interior decoration coupled with the rising disposable income is likely to impel the market growth during the forecast period.
- Prominent players operating in the global digitally printed wallpaper market includes; A.S. Création Tapeten AG, FATHEAD, LLC., Koroseal Interior Products, LLC., YORK WALLCOVERINGS, MCROBB DISPLAY LTD., Hollywood Monster, Flavor Paper, MX Display Ltd., 4walls, and John Mark among others.
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Global Digitally Printed Wallpaper Market - Regional Insight
Geographically, the global digitally printed wallpaper market is segmented into North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. Asia-Pacific is expected to hold the major market share over the forecast period. The growth in the region is mainly due to increasing investments in hospitality sector coupled with rising disposable income, which has led to increase in demand for high quality wallpaper in emerging economies such as China, India, and Indonesia. Moreover, upcoming infrastructural projects in the region are projected to further propel the market growth over the next seven years.
The report segments the global digitally printed wallpaper market on the basis of substrate, printing technology, end-use, and region.
- By Substrate
○ Nonwoven
○ Vinyl
○ Paper - By Printing Technology
○ Inkjet
○ Electrophotography
○ Others - By End-use
○ Non-Residential
○ Residential
○ Others - By Region:
○ North America
• U.S.
• Canada
• Mexico
○ Europe
• UK
• Germany
• France
• Italy
• Rest of Europe
○ Asia-Pacific
• China
• Japan
• India
• Singapore
• Rest of Asia-Pacific
○ Central and South America (CSA)
• Brazil
• Rest of CSA
○ Middle East and Africa South
• Africa
• Rest of MEA
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