The invention discloses wallpaper with a formaldehyde removal function. According to the wallpaper, a wallpaper surface layer is coated with a coating layer with the formaldehyde removal function and a glaze texture decoration layer. As the coating layer with the formaldehyde removal function is compounded with the surface of the glaze texture decoration layer, the thickness of the coating layer with the formaldehyde removal function can be increased, the coating layer is not liable to drop off, a function of purifying indoor air for a long time can be achieved, the wallpaper which is a decoration material occupying a largest indoor area has not only a decoration effect, but also a formaldehyde removal function, and is relatively environment-friendly, and high requirements of attractiveness and environment protection of modern domestic decoration can be met.