Wallpaper Market registering a CAGR of 3.7% over the forecast period
Wallpaper Industry Overview The global wallpaper market size was valued at USD 1.66 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 3.7% from 2021 to 2028. Increasing consumer spending on house renovation supported by higher disposable income is the major factor driving the product demand. The COVID-19 has resulted in a significant slowdown of the global economy. The pandemic has delayed the supply chain activity. The reliance for wallpapers on countries, such as South Korea and China, is, thus, impacting the market growth. However, supportive housing schemes in countries, such as India and Brazil, are fueling the demand for rental housing in these countries. This, in turn, is anticipated to drive the overall market. Gather more insights about the market drivers, restrains and growth of the Global Wallpaper Market Several companies in the industry have been seeking new ways to interact with their consumers. The...