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Increasing urbanization is also expected to influence market potential in the Latin American region. Currently, the Latin America decor paper market holds a market share of 9.9% in the global marketplace. With a market share of 4%, the decor paper market in the MEA region is anticipated to rise at the slowest CAGR among all regions. How Lucrative is the Indian Market for Decor Paper Manufacturers? India has seen a substantial change in consumer preferences over the past few years and this has major influenced sales of furniture decor paper. Increasing per capita disposable income, rising standard of living, and increasing popularity of home decor trends are major factors that govern decor paper consumption in India.

Acquisitions and mergers are key strategies adopted by numerous players in order to consolidate their shares and positions in the decor paper market. New entrants based in specialty paper are seeking profitable avenues by expanding their product lines. In emerging markets, such as in China, pulp trading companies have increased their stakes. Rapidly expanding furniture and cabinets market can be attributed also to growing pace of urbanization and the demand for wooden flooring.

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Which Regional Markets Should Decor Paper Manufacturers Focus On? Decor paper market metrics for regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) have been provided in detail in this updated FMI study. Decor paper consumption in North America is expected to have a significant contribution to global market revenue. At present, the decor paper industry in North America holds a market share of 25.1% of the global industry landscape. Increasing demand for luxury furniture is expected to majorly influence market potential in the region. Find additional information on https://www.i-decors.com/cd040.