Sustainability drives global blinds and shades market

The global market for blinds and shades was estimated at approximately US$9.9 billion in 2022 and is projected to reach around $13.7 billion by 2030, with a compound annual growth rate (CAGR) of 4.2 percent during the forecast period, says a report from Research and Markets. The Roman shades/blinds segment is projected to record a CAGR of 3.8 percent during the forecast period, reaching a market size of $4.3 billion by 2030. The Venetian blinds segment is estimated to grow at a higher CAGR of five percent over the next eight years. Canada's market is projected to grow at a CAGR of 4.1%, reflecting the country's housing construction activities and the need for window coverings. 

Growth in the global blinds and shades market will be driven by factors such as urbanization, interior design trends, and the need for privacy and light control. Roman shades and Venetian blinds are popular choices due to their aesthetic appeal and functionality. In addition, there is a growing trend toward energy-efficient and smart window coverings, offering opportunities for innovation in the industry. This market presents opportunities for both established and emerging players to meet the evolving needs of consumers and businesses.