Blanket Market Share, Size & Trends Witnessing Consistent Growth
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| Blanket Market |
Global Blanket Market Overview:
A blanket is used to keep oneself warm while sleeping and
living in a cold place. The use of blankets in the military and defense
establishments, mass procurement by travel and tourism ventures and donations
to charity will drive sales of blankets in the coming years. Apart from new
types of blankets, the ease of availability and different source materials are
also driving the market towards growth. People are trying to avoid cold-related
illnesses, and the increased use of AC has driven the sales of heavy blankets.
All these factors will positively influence the CAGR of the Global blanket
market in future forecasted years.
The Blanket
Market Share is projected to reach 9.7 billion USD by 2027.
The blanket market is growing at a healthy pace, with a growth rate of 4.2
percent from 2020 to 2027. Blankets have become necessary in nearly every field
and have been used in the domestic sector for years. New homes setup and new
hospitality ventures invest a lot in new blankets. The advent of different
types of blankets, including electric blankets, has become a reason for blanket
sales and popularity among people.
Regional Analysis:
The major regions of the global blanket market are North
America, Asia Pacific, Europe and the rest of the world. The North America and
Europe region will lead by market share as these areas have colder climates,
and the people here need high-quality blankets. In countries such as Canada and
USA, the blanket choices have broadened into different types. The Asia Pacific
regional market is forecasted to grow healthily and will be the fastest-growing
region in the global business landscape. Fluctuations in climatic conditions
and preference for high-quality blankets by middle-income families in China,
India and Japan is a major driver of growth in the regional market.
Top Key Players:
Major players in the blanket market research are Pendleton
Woolen Mills, Urbanara, Faribault Woolen Mill Co., Biddeford Blankets L.L.C.,
Hudson's Bay Company, Boll & Branch Co., American Blanket Company, Shanghai
Easun Group, Medline Industries Inc., Kanata Blanket Company, Jarden
Corporation, Beurer GmbH, New Zealand Wool Blankets Ltd., Barker Textiles,
U.A.B. Silkeborg, Morphy Richards Ltd., among others.
Market segmentation:
The global blanket market is divided into different segments
based on result type, application field, the distribution channel for the
blankets and geographical locations. The segmentation by region is discussed in
the next section. By result type, the blankets are divided into sources of raw
material such as cotton, polyester, and wool. Application blankets have
domestic and commercial applications. The blankets are also segmented according
to distribution channels, such as stores and channels that do not identify as
stores. The circulation of Blanket
Market Trends is far and wide because they are a necessary
commodity for everyone.
Industry news:
In July 2021, Bearaby introduced the Travel Napper in the
market. The blanket type was a weighted travel blanket that could be easily
carried to places. The blanket weighs 10 lbs and can be a travel companion
during airplane, rail, or bus travel.
In November 2019, the company Casper released a weighted
blanket line with variations of 15, 20 and 10 lbs. The blanket had a microbead
filling and came with a soft cover. The variation allowed customers more choice
in blanket preference and was lightweight enough to be carried during travel.
Such new developments keep the growth rate up for the blanket market.
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