Blanket Market Expected to Hit $7.6 billion by 2028
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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over xx market data Figures spread through xxx Pages and an in-depth TOC
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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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Reports:
Refrigerated Display Cases Market
Microbiome Cosmetic Products Market
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