Market Overview
Global Blanket Market forecast is projected to be valued at USD 9.7 Billion by 2027 at a CAGR of 4.2% between 2021 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 forecast 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.
Competitive Landscape
- 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)
Market Segmentation
- Wool: The segment accounted for the largest market share in 2021 and is projected to remain dominant during the forecast period. The woolen blankets are available in a wide range of sizes designs. They keep the body warm during the snowy season resulting in their high demand among the consumers.
- Cotton:
- Polyester
- Others
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Regional Analysis
- North America:
- Europe: Europe accounted for the largest share of the global blanket market forecast in 2019. The key country-level markets include the UK, Germany, France, and Spain. Blanket manufacturers in Europe are focusing on traditional designs and neutral colors while manufacturing blankets.
- Asia-Pacific: Asia-Pacific is expected to be the second-largest market in terms of value worldwide. The rising population in the developing nations, along with the increase in per capita disposable income, is anticipated to boost the growth of the Asia- Pacific blanket market.
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