Paint, Wallpaper & Supplies - Papua New Guinea

In Papua New Guinea, the revenue generated in the Paint, Wallpaper & Supplies market reached US$102.70m in 2024.
It is projected to experience an annual growth rate of 3.08% (CAGR 2024-2029).
When compared globally, United States stands out as the country with the highest revenue, amounting to US$52bn in 2024.
In terms of per capita figures, each person in Papua New Guinea contributes US$9.77 to the revenue generated in this market segment in 2024.
The demand for traditional tribal-inspired paint designs in Papua New Guinea is driving the market for paint, wallpaper, and supplies.

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 Papua New Guinea is experiencing slow growth, influenced by factors such as limited consumer demand, high import costs, and lack of infrastructure. This has impacted the Paint, Wallpaper & Supplies Market, with minimal growth potential despite rising awareness of DIY projects.

Customer preferences: As more individuals in Papua New Guinea are adopting DIY projects, there is a growing preference for environmentally-friendly paint and wallpaper options. This trend is driven by the country's unique biodiversity and growing awareness of the impact of traditional paint and wallpaper on the environment. Additionally, there is a shift towards using natural, organic, and non-toxic materials, reflecting the country's cultural values of sustainability and preserving nature. This has led to an increase in demand for eco-friendly paints, such as those made from natural pigments and plant-based ingredients.

Trends in the market: In Papua New Guinea, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a shift towards sustainable and eco-friendly products. This trend is driven by increasing consumer awareness and demand for environmentally friendly options. As a result, industry players are investing in research and development to create more eco-friendly paints and wallpaper materials. This trajectory also presents opportunities for collaboration and partnerships between suppliers and retailers to meet this demand. Additionally, this trend has implications for stakeholders in terms of product differentiation, competitive advantage, and meeting regulatory standards.

Local special circumstances: In Papua New Guinea, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's geography, with many remote and rural areas lacking access to traditional brick-and-mortar hardware stores. This has led to the growth of e-commerce platforms, where customers can purchase paint, wallpaper, and supplies online and have them delivered to their doorstep. Additionally, cultural preferences also play a role, with traditional designs and colors being popular among the local population. Furthermore, the government's regulations on imported products and tariffs also impact the market dynamics, making it challenging for international brands to enter and compete in the market.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Papua New Guinea is influenced by macroeconomic factors such as government fiscal policies, global economic trends, and the overall national economic health. As the country continues to experience steady economic growth and increasing disposable income, the demand for home improvement and renovation products, including paints and wallpaper, is expected to rise. Additionally, the government's focus on infrastructure development and construction projects also contributes to the growth of the paint and supplies market.

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.