Global Blanket Market size is projected to be valued at USD 9.7 Billion by 2027 at a CAGR of 4.2% between 2020 and 2027. A blanket is a piece of soft cloth to enfold the portion of the user's body. It has been majorly preferred for military purposes for a long time ago. Manufacturers have also launched special blankets for children that protect them from the cold. The blanket market has registered tremendous growth in the past few years, and the same trend is expected to continue during the forecast period. Additionally, North America and Asia Pacific markets are witnessing the growing demand for blankets among the consumers. The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. For instance, in March 2020, Brooklinen announced the product launch of a weighted comforter blanket. Investment in the market is projected to have a significant impact on the blanket market size during the forecast period. All the factors are anticipated to create substantial growth opportunities for the global blanket market.
Blanket Market USP
Consumer preference for sustainable branded blankets
Growth Opportunities in the Market
Increase in demand for woolen blankets: Increase in demand for a modern blanket that carries comfort is driving the demand for woolen blankets among the consumers. The blankets keep the body warm in the snowy & winter season, which is driving the growth of the woolen blanket market among consumers.
Increase in demand for blankets in household applications: The household segment is projected to be the fastest-growing segment during the forecast period. Increase in demand for blankets by small children and adults according to change in weather & climate is driving the market growth in household applications. Manufacturers have also introduced polyester blankets, which are highly durable and withstand wear and tear.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of blankets are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they extend their consumer reach.
Complete Report Details @ https://www.marketresearchfuture.com/reports/blanket-market-10391
Key Players
American Blanket Company (US)
Pendleton Woolen Mills (US)
Hudson's Bay Company (Canada)
Boll & Branch (US)
URBANARA GmbH (Germany)
Shanghai Easun Group (China)
Medline Industries, Inc. (US)
Chellco Industries Limited (Nigeria)
Biddeford Blankets, LLC (US)
Youngman Woollen Mills Private Limited (India)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Market Research Future
Email: sales@marketresearchfuture.com
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Commentaires