Blanket Market, Share, Growth Factors, Competitive Landscape, With Regional Forecast To 2027

Market -Overview
The need for blankets is rising as they are an important accessory to sleeping in a relaxed manner. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is predicted to yield USD 9.7 Billion in returns at a CAGR of 4.2% by 2027.

The home furnishing industry's development is estimated to provide increased traction to the blanket market companies in the impending period. The development of different blanket varieties to suit individual customer needs is estimated to promote the forecast period's blanket market share.

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Key Players
The notable companies in the blanket market are Chellco Industries Limited (Nigeria), Pendleton Woolen Mills (US), Youngman Woollen Mills Private Limited (India), American Blanket Company (US), URBANARA GmbH (Germany), Shanghai Easun Group (China), Medline Industries, Inc. (US), Biddeford Blankets, LLC (US), Boll & Branch (US), and Hudson's Bay Company (Canada).

Market Segment

The segmental examination of the blanket market is conducted on the basis of product type, application and region. The application segment of the blanket market comprises of commercial and household. The distribution channel segment of the blanket market comprises of store-based and non-store-based. The blanket market segment comprises Europe, Asia Pacific, North America, and rest of the regions. The product type segment of the blanket market comprises of wool, polyester, cotton, and others.

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Regional Analysis

The regional investigation of the blanket market comprises Europe, Asia Pacific, North America, and the rest of the regions. The European region's blanket market reported for the main part of the global market in 2019. The important national markets of Europe, such as the UK, France, Germany, and Spain, are estimated to contribute greatly to the global market expansion. Blanket companies in Europe are concentrating on innovating along the lines of traditional designs and colors while manufacturing blankets to match the prevalent trends in the region. The Asia Pacific blanket market is anticipated to be the second principal market in terms of worth globally in the forecast period. The mounting residents in the emerging nations and the upsurge in per capita disposable revenue are predicted to lift the development of the Asia Pacific blanket market.

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