Decorative Paper Market to grow by USD 1.25 billion from 2023 to 2028; Rise in popularity of paper sculpture to drive the growth - Technavio

NEW YORK, Nov. 10, 2023 /PRNewswire/ -- The decorative paper market is expected to grow by USD 1.25 billion from 2023 to 2028. However, the growth momentum of the market will progress at a CAGR of 5.75% during the forecast period. The market is segmented by application (scrapbooking, card making, home decor, decoupage, and gifting and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The report analyses the market size and growth and provides accurate predictions on the growth of the market. View Free PDF Sample Report

The rise in popularity of paper sculpture is a key factor driving market growth. The art of using paper as a basic material to build complex 3D structures is referred to as Paper Sculpture. The increasing popularity of origami, Japanese paper folding art, is one of the most important factors that have led to an increase in Paper Sculpture's popularity. Moreover, applications beyond art and design are being expanded by an increasing interest in paper sculptures.

Key Highlights:

• The report recognizes the following as some of the key players in the decorative paper market: American Craft, Arjo Wiggins Fine Papers Ltd., Bespoke Letterpress, Billerud AB, Doodlebug Design Inc., Echo Park Paper Co. LLC, FEDRIGONI Spa, G.F Smith, Graphic 45, Label Shabel LLP, Mohawk Fine Papers Inc., My Minds Eye Paper Goods, Nippon Paper Industries Co. Ltd., Paper Source, Papier Direkt GmbH, Perfico, Prima Marketing Inc., Rifle Paper Co., Sappi Ltd., and Zazzle Inc.
• Decorative Paper Market is fragmented in nature.
• Market to observe 5.34% YOY growth in 2024.

Market Dynamics:

Major Trend

• The rise in the adoption of decorative paper in the DIY and craft industry is a major trend in the market.
• Different factors, such as the increased popularity of DIY projects, the rise in digital platforms that highlight DIY and craft ideas, or the wider availability of paper alternatives are contributing to this growth trend.
• The increasing demand for decorative papers was recognized by companies and producers, which extended their product lines to address this market segment.

Significant Challenge

• Deforestation increasing at an alarming rate is a significant challenge restricting market growth.
• In the manufacture of decorative paper, trees are an important source of raw materials. Over the last ten years, there has been a decline in global forest areas.
• In addition, to maintaining a proper ecological balance and tackling climate change, governments in different countries have passed laws prohibiting tree-cutting.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

• The scrapbooking segment is estimated to witness significant growth during the forecast period. Several factors, such as the growing desire to preserve memories, an increased use of social media and digital platforms for sharing content; or a wide range of decorative paper options suitable for scrapbooking purposes, can contribute to this trend. Many of these papers are stored together in a coordinated collection, making it easier for Scrapbookers to make cohesive and visually appealing designs.

Get a glance at the market contribution of the segments, Request a Free Sample Report

Related Reports:

The construction films market size is estimated to grow at a CAGR of 5.25% between 2022 and 2027 and the size of the market is forecast to increase by USD 3,269.85 million. 

The facades market size is estimated to grow at a CAGR of 7.58% between 2022 and 2027. The market size is forecast to increase by USD 116.02 million.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Distribution Channel 

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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