Paint, Wallpaper & Supplies - Nepal

In Nepal, the revenue generated in the Paint, Wallpaper & Supplies market in 2024 amounts to NPR US$312.50m.
It is projected to experience an annual growth rate of 2.34% (CAGR 2024-2029).
When compared to other countries globally, United States generates the highest revenue in this market segment, reaching US$52bn in 2024.
In terms of per person revenues, in 2024, each individual in Nepal contributes NPR US$10.00 to the overall revenue of the Paint, Wallpaper & Supplies market.
Nepal's growing tourism industry has led to an increase in demand for paint and wallpaper supplies, as hotels and guesthouses undergo renovations to attract international visitors.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Paint
Wallpapers
Paint supplies
Wallpaper supplies

Wall tiles
Wall panels
Painting tools

The DIY & Hardware Store Market in Nepal is witnessing sluggish growth due to limited access to technology and low consumer awareness. Factors such as economic instability and lack of infrastructure also impact the growth rate in the Paint, Wallpaper & Supplies Market.

Customer preferences: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a notable shift in consumer preferences, with an increasing demand for eco-friendly and sustainable products. This trend is driven by a growing awareness and concern for the environment, as well as a desire for safer and healthier living spaces. Additionally, there is a growing interest in DIY home improvement projects among younger generations, indicating a shift towards a more hands-on and personalized approach to home decor. This trend is also influenced by the rise of social media platforms, where individuals can easily access inspiration and tutorials for DIY projects.

Trends in the market: In Nepal, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a surge in demand for eco-friendly products. Customers are increasingly aware of the impact of traditional paints and are opting for more sustainable options, such as low-VOC paints and natural wallpaper materials. This trend is expected to continue as the government promotes sustainable practices and consumers become more conscious of their purchases. This shift towards sustainable products has significant implications for industry stakeholders, who need to adapt to meet the demand and stay competitive in the market. It also presents opportunities for partnerships and collaborations with environmentally-friendly suppliers to develop innovative and environmentally-conscious products.

Local special circumstances: In Nepal, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's mountainous terrain and remote communities. This has led to the rise of local hardware stores that cater to specific needs and preferences of customers in different regions. Additionally, the government's strict regulations on the sale and use of certain paints and chemicals have also impacted the market, driving companies to innovate and offer more eco-friendly options.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Nepal is influenced by several macroeconomic factors. These include the overall economic health of the country, global economic trends, fiscal policies, and other relevant financial indicators. Nepal's economic growth has been slow, with a high inflation rate and limited investment in infrastructure. This has resulted in a relatively small market size for paint, wallpaper, and supplies. However, as Nepal continues to develop and modernize, there is expected to be an increase in demand for DIY and hardware products, including paint and wallpaper. Additionally, global economic trends, such as the increasing focus on sustainable and environmentally-friendly solutions, are likely to shape the market in Nepal as well.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.