The global Blanket market is experiencing steady growth, driven by increasing demand for cosmetic products, evolving beauty trends, and a surge in online sales channels.
According to the TechSci Research report titled “Global Blanket Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028,” the Global Blanket Market reached USD 7.6 Billion in 2022 and is expected to grow at a CAGR of 6.21% from 2024 to 2028. The market is primarily driven by consumer preferences for comfort and style, offering diverse materials, including eco-friendly options. Design aesthetics and customization cater to style-conscious consumers, with e-commerce platforms expanding market reach. Challenges include economic uncertainties, environmental concerns, changing consumer preferences, competitive pressures, and market consolidation. The emergence of electric and smart blankets addresses modern needs, while sustainability becomes crucial. Handcrafted and versatile blankets are gaining popularity, and inclusivity in sizing is recognized. The Global Blanket Market is evolving in response to dynamic trends and challenges, offering opportunities for innovation and adaptation.
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The Global Blanket Market is propelled by multifaceted drivers that contribute to its growth and adaptability. Consumer demand for comfort remains a dominant force, satisfying the universal desire for warmth and relaxation. Diversity in material options, including eco-friendly choices, offers consumers a broad spectrum to suit their specific needs. Blankets crafted from various materials, responding to the growing sustainability trend, add versatility to the market. Fashion and design aesthetics transform blankets into style statements and fashion accessories, appealing to consumers seeking blankets aligning with their aesthetic preferences. The convenience and accessibility of e-commerce platforms constitute a significant driver, broadening market reach and intensifying competition.
The emergence of electric blankets and smart blankets is reshaping market dynamics, catering to consumers seeking innovation and convenience. Sustainability is increasingly influencing the market, with a shift toward eco-friendly trends and materials. The Global Blanket Market is driven by enduring consumer demand for comfort, material diversity, fashion, design aesthetics, e-commerce convenience, technology integration, and sustainability. These factors collectively propel the market’s evolution, offering opportunities for innovation and adaptation to meet dynamic consumer demands. The online segment of the global blanket market has experienced remarkable growth, attributed to the prevalence of e-commerce platforms. Online sales offer convenience and accessibility, allowing consumers to explore a vast array of blanket options from home. Online shopping enables informed decisions through customer reviews and ratings, making it a significant and growing part of the blanket market.
Major companies operating in Global Blanket Market are:
- American Blanket Company
- Pendleton Woolen Mills
- Hudson’s Bay Company
- Boll & Branch
- URBANARA GmbH
- Shanghai Easun Group
- Medline Industries, Inc.
- Chellco Industries Limited
- Biddeford Blankets, LLC
- Youngman Woollen Mills Private Limited
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“The global blanket market experiences significant impetus from several critical factors, encompassing the burgeoning consumer demand for comfort, a diverse array of material options, an emphasis on sustainability, forward-looking design aesthetics, and the pervasive convenience offered by online shopping. These driving forces not only underpin the market’s ongoing growth but also facilitate its transformation, granting consumers an extensive spectrum of choices, spanning from traditional to cutting-edge blankets. However, despite the industry’s expansion, it contends with challenges such as economic uncertainties, environmental apprehensions, shifting consumer preferences, heightened market competition, and consolidation. Nevertheless, the market’s trajectory is likely to be influenced by emerging trends like smart blankets, sustainability practices, customization options, and inclusivity measures. As the blanket market navigates dynamic trends and challenges, it presents opportunities for ongoing innovation and adaptation,” articulated Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
The report titled “Blanket Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Regular Blanket, Electric Blanket), By Application (Residential, Commercial), By Sales Channel (Supermarkets/Hypermarkets, Multi Branded Stores, Online, Others), By Region, By Competition, 2018-2028” comprehensively assesses the future growth prospects of the Global Blanket Market. It furnishes statistics and information on market size, structure, and anticipated future growth. The report is designed to deliver cutting-edge market intelligence, aiding decision-makers in making informed investment decisions. Furthermore, it identifies and analyzes emerging trends, along with essential drivers, challenges, and opportunities within the Global Blanket Market.
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