The US$ 3.7 billion décor paper market is likely to witness an uptick by 5.5% in 2019, according to a recent analytical study presented by Future Market Insights (FMI). Print base paper will continue to sell highest, accounting for almost half of the global revenue. Absorbent kraft paper also holds a sizeable share in the market value, however the report foresees a moderate rate of growth in the demand for absorbent kraft paper in coming years.
Escalating décor paper consumption by the furniture industry is cited as a preeminent factor determining sales, followed by that in flooring and paneling sectors. Furniture industry prominently boosts sales of low-pressure laminates that are attributed to robust growth of the domestic furniture sector. According to FMI’s end use analysis of décor paper market, almost 60% of the total furniture sold is household, which is likely to push demand for low-pressure laminates further.
Europe’s lead in the décor paper market is strongly backed by the flourishing application scenario for décor, flooring, and paneling. FMI envisages that European consumers will account for more than 30% share in the total market value. However, it also points to the healthy demand growth in developing economies within Asian, African, and Middle Eastern regions.
Request a Complete TOC of this Report with figures:
Despite accounting for a mere 4% share in the paper and paperboard production landscape, décor paper market has been observing healthy demand growth recently. FMI attributes this growth to the overall promising trade scenario and mounting consumer preference for aesthetically appealing furniture and décor items. Progressing production scenario of decorative plywood and veneer sheets is benefiting the growth of woodworking sector, thereby favoring sales of décor paper. With visibly improving scope of laminate flooring sector in both developed and developing economies, it is more likely that a range of décor paper will gain ground in coming years.
Leading manufacturers of décor paper are currently strategizing on upgrading aesthetics to cater to evolving specification demands from customers. However, the report opines that primary focal point will be on strategic acquisitions and collaborations.
Schoeller Technocell GmbH & Co. KG, one of the market leaders, recently announced the acquisition of Calfornia’s Alameda Co. The former is also investing efforts in expansion across Chinese market for décor paper by collaborating with China’s leading pulp and paper industry operators. Schoeller Technocell recently joined forces with Welbon Group, China’s recognized pulp and specialty paper manufacturer.
Finland-based Ahlstrom-Munksjö Oyj maintains the strategic focus on M&A, the latest of which is acquisition of Brazilian specialty paper manufacturer, MD Papeis’ Caieiras specialty paper mill. As a part of the expansion strategy across North America, the former recently acquired another specialty paper manufacturer – Expera Specialty Solutions.
Ask us your Any Queries About this Report:
Neodecortech S.p.A. recently completed the acquisition of CORBETTA FIA s.r.l.’s laminate production arm. More recently, Schattdecor Group announced acquisition of the US-based Coating Company of Lexington, SC.
Décor Paper Market Key Segment
On the basis of basis weight
- less than 65 gsm
- 65-80 gsm
- 81-100 gsm
- above 100 gsm
On the basis of product type
- absorbent Kraft paper
- print base paper
- other decor papers
On the basis of application
- low-pressure laminates
- high-pressure laminates
- edge banding papers
On the basis of end use
- furniture & cabinets
- store fixture
Geographical Segmentation of the Decor Paper Market
- North America
- Latin America
- Rest of Latin America
- Western Europe
- Rest of Europe
- Asia Pacific Excluding Japan
- Australia & NZ
- Rest of APEJ
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
Explore wide-ranging Coverage of FMI’s Packaging Market Insights Landscape
Pharmaceutical Cold Chain Packaging Market – 2021 Analysis and Review: Pharmaceutical Cold Chain Packaging Market by Product – Small Boxes, Pallets, and Large Sized Pallet Containers for 2021-2031
Edible Oil Packaging Market – 2021 Analysis and Review: Edible Oil Packaging Market by Material – Plastic, Glass, Metal (Aluminium), and Paper for 2021 – 2031
Plastic Corrugated Sheets Market – 2021 Analysis and Review: Plastic Corrugated Sheets Market by Material Type – Polyethylene (PE), and Polypropylene (PP) for 2021 – 2031
About Packaging Division at Future Market Insights
The Packaging division at FMI provides an in-depth historical analysis and granular projections of the global packaging market. Ranging from packaging materials to designs & formats, FMI has an exhaustive market research database, serving clients with unique offerings and strategic recommendations. With a repository of 750+ reports, the team analyzed the packaging industry comprehensively in 70+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
The report has tracked décor paper landscape for an eight-year projection period, 2019-2027. For more exclusive insights on global décor paper market, write in to the analyst at firstname.lastname@example.org
The post Decor Paper Market Witnessing Higher Sales of Print Base and Kraft Paper, Finds FMI Study appeared first on Industry News Analsis.