The Rainbow Eucalyptus Tree, or Eucalyptus deglupta, is the only Eucalyptus species found naturally in the Northern Hemisphere. Its natural range includes New Britain, New Guinea, Ceram, Sulawesi and Mindanao.

Contrary to popular believe, these trees do not achieve their unique palette from being located on a paintball course (zing). The outer bark sporadically peels throughout the year. The inner bark is light green, the outer bark ranges from blue, purple and orange, depending on its stage of maturity.

The Rainbow Eucalyptus is farmed around the world for paper and ornamental purposes.