The paper frames market is set to witness steady growth during 2021-2031, with a CAGR of around 4-5%. Demand for paper frames will witness steady recovery in the short-term, with optimistic growth in the forecast period owing to the rising demands of adding beauty to the residential areas using vacation snaps, landscapes, art prints, family portraits, and others.
Moreover, the growing construction industry is likely to grow the demand for decorative hanging items thus, growing the sales of paper frames.
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What is Driving Demand for Paper Frames Market?
Evolving end-user demand for unique and high-quality renovation products in commercial and residential buildings is highly responsible for driving the demand for paper frames. Moreover, factors such as inexpensive, sustainability, and recyclability of paper frames expand the growth opportunities thus, growing the sale of the market.
Additionally, the manufacturers are investing and innovating products in order to withstand the growing demand for eco-friendly products in all industries, and paper frames have achieved an enormous fan base, therefore growing the market. Moreover, paper frames can be manufactured using waste obtained from local areas thus, saving the trading cost and making them highly affordable for consumers.
The outbreak of the COVID-19 had resulted in the shutdown of industries, shops, retail sectors, trading thus, affecting the global revenue on a large scale. Moreover, customers’ preferences and lifestyles had changed drastically according to everyday needs and resulted in sales of only essential items.
In addition, customers had adopted the DIY concept due to restriction of movement in commercial areas thus, hindering the demand for paper frames.
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The surge in Demand from Retail Sector Likely to Augment Paper Frames Sales
With the advancing and evolving industries, the retail sector is also transforming rapidly according to the changing regulations and consumer preferences, which is likely to augment the sales of paper frames.
Moreover, the growing awareness regarding the disposal of plastic and paper waste in the environment is encouraging individuals and manufacturers to contribute towards saving the environment thus, adopting green solutions.
The paper frames industry also allows the customer to change and edit the designs as per their needs. In addition, paper frames are light and cheap, compared to other alternative frames in the market thus, growing the demand with high potential.
U.S. and Canada Paper Frames Market Outlook
The U.S. and Canada outlook of paper frames market are growing naturally attributed to the growing demand for paper frames as they can be customized easily and are light making them easy to carry and transport in bulk. Additionally, the growing demand for recyclable products in the market of North America is likely to grow the market for paper frames drastically.
The regional government also contributes and initiates various plans that are for the better of the environment. For instance, in 2018, around 46 Mn Tons of paper and paperboard were recycled for a recycling rate of 68.2%. Such factors create awareness regarding steps towards recycled products in the market, therefore, growing the paper frames industry.
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Europe Demand Outlook for Paper Frames
The countries of Europe have a huge demand for tabletop paper frames that are projected to show an enormous growth rate in the paper frames industry as the consumers are focusing more upon personalizing the home décor.
Additionally, Eastern Europe has forever had the trend of ‘Made in Europe’ that has significantly influenced the paper frames market and increased the number of industries in the region. The presence of various major players in the interior designing industry in Europe is likely to attract investors, thus, creating new opportunities for the paper frames industry.
Who are the Key Manufacturers and Suppliers of Paper Frames?
Some of the leading manufacturers and suppliers of paper frames include
- Mitsubishi Paper Sales Co.
- Japan Trust Co. Ltd.
- Wenzhou Success Group Bags Co. Ltd.
- Sappi Limited
- Oji Holdings Corporation
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