Global Share of Digitally Printed Wallpaper Market Will Reach USD 21.33 Billion by 2032 | With 19.4% CAGR: Polaris Market Research
NEW YORK, Jan. 16, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Digitally Printed Wallpaper Market Share, Size, Trends, Industry Analysis Report, By Substrate (Nonwoven, Vinyl, Paper, and Others); By Printing Technology; By End-Use Sector; By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.
According to the research study, the global digitally printed wallpaper market size & share was valued at USD 3.63 billion in 2022 and is anticipated to grow USD .33 Billion by 2032, at a CAGR of 19.4% during the forecast period.
What is Digitally Printed Wallpaper? How Big is Digitally Printed Wallpaper Market?
Often used for murals, digitally printed wallpaper is one of the varied non-impact technologies where the image or pattern is created, manipulated, and finalized by electronic systems and printed by computer-controlled printers. The rapid rise in the demand for the digitally printed wallpaper market can be attributed to the fact that digital wallpaper manufacturers don't have to sit on the stock, and they can easily print custom wallpaper on demand.
The primary factor contributing to the high market growth is the organic growth of the construction industry with the growing demand for aesthetically pleasing and customized interiors. Further progression in digital printing technologies with contemporary developments in industrial digital printing and printing systems and never-ending designs provided by the technology with high quality and finishing are boosting the demand for digitally printed wallpapers globally.
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Key Highlights of the Report
Growth Driving Factors
Digitally printed wallpapers are most affordable than interior paint and enhance the aesthetic appeal of the walls. Further, better aesthetics are in high demand, especially in residential development. Additionally, digitally displayed wallpapers improvise the aesthetic appeal of wall space while also preserving it from damage. For instance, some wallpapers, such as grass cloth printed on a fabric backing, can be installed on rough surfaces assisting in safeguarding structures from the elements while sustaining their visual appeal. The digitally printed wallpaper market size is expanding because they have a remarkably long lifespan than conventional painting.
Digital wallpapers are highly demanded in the commercial sector, including gyms, malls, spas, hospitals, showrooms, and other locations. Further several companies have embraced customized wallpapers to make business interiors that symbolize the brands due to the recent advancements in digital printing. Digitally printed wallpaper market sales are soaring as colorful rooms, and office designs have been shown to boost productivity and efficiency. The graphics can be used for marketing in workplaces and commercial settings.
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Based on substrate, the non-woven segment is anticipated to witness the fastest growth. Non-woven wallpapers are contemporary compared to vinyl and paper-based as they have only been accessible for a little over ten years. The digitally printed wallpaper market demand is rising as the core materials of wallpapers are cellulose and polyester fibers. Wall imperfections and cracks can also be hidden with non-woven wallpapers.
The non-residential segment accounted for the highest market share
Based on end use, the non-residential segment accounted for the highest market share. This results from the growth of busy places such as bars, clubs, and eateries. Digitally printed wallpaper market trends include an increase in the coming years due to commercial projects presently being built.
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Digitally Printed Wallpaper Market Report Scope
North America held the largest digitally printed wallpaper market share with increasing investments made by the government in regions such as US and Canada to enhance their infrastructure. North America is anticipated to overtake other regions as the foremost market for digitally printed wallpapers.
A sizeable portion of the Asia Pacific market is contributed by China. The market demand in this region is driven by the rising requirement for low-cost decoration, the growth of new housing units, population growth, and soaring infrastructure investments. Low manufacturing costs and advantageous policies and plans such as China's national new type urbanization plan fuel market expansion in the area.
Browse the Detail Report "Digitally Printed Wallpaper Market Share, Size, Trends, Industry Analysis Report, By Substrate (Nonwoven, Vinyl, Paper, and Others); By Printing Technology; By End-Use Sector; By Region; Segment Forecast, 2023 - 2032" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/digitally-printed-wallpaper-market
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Polaris Market Research has segmented the Digitally Printed Wallpaper Market report based on substrate, printing technology, end-use sector, and region:
By Substrate Outlook
By printing Technology Outlook
By End Use Sector Outlook
By Region Outlook
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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SOURCE Polaris Market Research
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