Decor Paper Industry Analysis in India: A Surge Projected to Reach US$ 448.5 Million by 2033 | FMI

Decor Paper Industry Analysis in India Thriving on real estate growth, the sector sees a surge fueled by middle-class demand for premium decor.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, December 8, 2023 /EINPresswire.com/ -- The demand for decor paper in India is expected to be valued at US$ 222.9 million in 2023, with a projected increase to US$ 448.5 million by 2033. The sales revenue is anticipated to inflate at a CAGR of 7.2% from 2023 to 2033.

The decorative laminate industry has significantly boosted the consumption of decor paper in India, providing substantial benefits to Indian printers. The rapid expansion of the High-Pressure laminates and prelam boards industry is a key factor driving the increasing demand for decorative base paper, utilized for both printing and as plain material. These kinds of papers are utilized for several applications within real estate and housing which include flooring and panelling among others. Consequently, the consistent growth of the Indian real estate industry is poised to have a positive influence on the décor paper market across the country.

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With a growing middle-class population and increasing disposable income, consumers are willing to invest in home decor, including premium decor paper. This economic shift is fueling the demand for higher-end and customized products. The adoption of advanced digital printing technology is transforming the market. This allows for intricate designs, customization, and shorter production cycles

In 2023, India's housing market saw a 50% YoY sales surge, and the real estate sector is projected to soar to US$1 trillion by 2030 from US$200 billion in 2021, driving upward momentum for the decor paper industry.

Key Takeaways from the India Decor Paper Industry:

By product type, print base papers are estimated to have an industry share of 2% in 2023 & anticipated to develop at a CAGR of 5.8% during 2023-2033. Additionally, in terms of application, the low pressure laminates segment is anticipated to be valued at US$ 183.2 million in the estimated year.

Based on basis weight, the 65-80 g/m2 segment is projected to remain the leader for India decor paper industry in the years to come. The same segment is anticipated to register a CAGR of 8% during 2023-2033.

By end use, the furniture and cabinets segment is poised to account for over 35% of the India decor paper industry by the end of the forecast period. This can be attributed to the growing consumer demand for luxury furniture across the country which has consequently pushed manufacturers to utilize visually appealing décor papers.

“The Indian government is promoting several initiatives and schemes related to housing such as the Pradhan Mantri Awas Yojana (PMAY) which facilitates affordable housing. Such initiatives encourage infrastructure development and purchase, and thereby help boost the overall real estate sector in the country. Consequently, these type of initiatives are driving the industry growth of decor paper in India, which is expected to grow at a significant pace in the coming years” - says Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).

eCommerce Expansion Presents Lucrative Growth Opportunities for Décor Paper Manufacturers in India:

The Indian eCommerce industry has been on an upward growth trajectory. In FY 2022-23. According to data from the Government of India, India is the 2nd leading internet market in the world with over 800 million users and is forecasted to reach 1 billion users by 2025. Moreover, close to 100% of PIN codes in India have seen eCommerce adoption, with over 60% of transactions and orders in the country coming from Tier-2 cities and smaller towns.

Key Developments:

India's Ministry of Commerce investigates dumped Chinese Decor Paper imports following a petition by ITC Limited.

Ahlstrom-Munksjö Holding 3 Oy approves the transfer of Decor business to a new company, Munksjö, without liquidation.

Key Companies Profiled:

1. ITC Limited

2. Fakirsons Papchem Pvt Ltd

3. Shah International

4. Ahlstrom-Munksjö Oyj

5. Felix Schoeller India

6. Pudumjee Paper Products

7. Fortune Paper Mills

8. DECOR Exp.Imp Co., Ltd

9. WestCoast Paper Mills.

10. Andhra Paper Limited

11. SILVERTON PULP & PAPERS PVT. LTD.

12. Toppan Holdings Inc.

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Industry Segmentation of Decor Paper in India:

By Product Type:

Print Base Paper
White Print Base
Colour Print Base
Brown Shade
Coffee Shade
Teak Base
Timber Shade
Others
Solid Colour
Shuttering Base
Liners
Pre-printed Paper

By Basis Weight:

65-80 g/m2
81-120 g/m2
120 Above g/m2

By Application:

Low Pressure Laminates
High Pressure Laminates
Edge Banding

By End Use:

Furniture & Cabinets
Flooring
Paneling
Partition
Store Fixtures
External Cladding

By Zone:

North India
South India
Central India
West India
East India

Authored By:

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Explore Trending Reports of Packaging:

The Europe décor paper market size is anticipated to reach a valuation of US$ 1,406.4 million by the end of 2032. It is further set to expand at a CAGR of 3.7% from 2023 to 2032.

The décor paper market Share: is likely to strengthen its boundaries at an average CAGR of 5.3% during the forecast period and is expected to cross a value of US$ 8.11 billion by 2033.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Future Market Insights, Inc.
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