Latest News- Decorative Paper Market: Scrap booking is expected to lead the Application segment during 2024-2028
The Decorative Paper Market is being driven by Rise in popularity of paper sculpture
The Decorative Paper Market is expected to grow at a CAGR of 5.75% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1253.75 million. The decorative paper market has experienced substantial growth in recent years due to the increasing adoption of this product in the DIY and craft industry. Factors contributing to this trend include the surge in popularity of DIY projects, the proliferation of social media platforms showcasing DIY and craft ideas, and the extensive array of decorative paper options now readily accessible. A key driver of this market growth is the rising consumer interest in DIY projects, which has been fueled by a desire for personalized and unique creations. This trend is expected to continue, as DIY remains a popular and cost-effective way for consumers to express their creativity.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (Scrap booking, Card making, Home decor, Decoupage, Gifting and others) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Decorative Paper Market Research Report
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The Decorative Paper Market encompasses various applications, including infrastructure development, construction activity, furniture surfaces, paneling, and flooring. Decorative sheets, lamination supports, and impregnated decorative laminates are key products. Factors influencing market growth include surface quality, dimensional stability, color consistency, and consumer preferences. Furniture, wooden materials, decorative paper plates, and disposable crockery are other sectors utilizing decorative paper. Home decor, buildings, and paper party supplies also contribute. Machinesmoothed decor and impregnating colors and weights are essential processes. However, concerns over deforestation and domestic production remain.
The Decorative Paper Market is a segment of the global Household Durables Market, specifically the Leisure Products category, according to Technavio's market research. This market encompasses various product categories, including sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. The Household Durables Market's size is determined by the total revenue generated by manufacturers of household durables, which include consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global Leisure Products Market is anticipated to be driven by several factors, such as the surge in health and fitness club memberships. This trend has seen significant growth over the past decade, contributing to the increasing demand for decorative papers used in fitness centers, health spas, and other leisure facilities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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