Global Blanket Market is expected to foresee significant growth. Asia Pacific to lead the growth!

Global blanket market is expected to grow with a CAGR of around 4 % during the forecast period (2021-2027). It is mainly owing to increasing popularity of various types, patterns, colors, and brands of blankets coupled with rising product advertising through various social media platforms across the globe are other major factors projected to drive growth of the global market.

Blanket is a piece of woolen soft cloth which is mainly used to keep body warm while taking rest or sleeping. The regular type blankets are made up of polyester, wool, or cotton. In addition, electric blanket is a recently developed type of blanket and widely available across the globe. The regular and electric blankets are largely used in winter season and in snowy or cold weather.

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The outbreak of COVID-19 had a slight impact on the adoption of blankets. As lockdown restriction were implemented during 1st quarter of 2020 and stayed for mid-year. Hence, the adoption of blanket was hardly impacted in most part of the world.

However, the lockdown restriction led to shutdown of manufacturing industry coupled with non-availability of the workers in factories have reduced the manufacturing capacity of blankets which in-turn might have negative effect on the sales of blanket during the winter season.

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Based on product type, the blanket market is segmented wool, cotton, polyester, and other. The wool blanket captured dominant share in the market owing to the rising awareness about various benefits associated with these blankets such as warm, comfortable to use, and cost-effective than other type of blankets.

Based on application, the blanket market is classified into household, hospital, hotel, and others. The household segment holds the significant market share. It is mainly due to the different kinds of blankets are required to combat different weather types coupled with changing weather and climate has been promoting the demand for various types of blankets for residential needs.

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For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, UK, Spain, Italy, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World. Asia Pacific holds the significant market share owing to large-scale production of cotton, wool in the countries such as China and India, coupled with successful established blanket manufacturing industries in the region.

Some of the major players operating in the market include American Blanket Company, Pendleton Woolen Mills, Hudson’s Bay Company, Boll and Branch, URBANARA GmbH, Shanghai Easun Group, Medline Industries, Inc., Chellco Industries Limited, Biddeford Blankets, LLC, Youngman Woolen Mills Private Limited. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

Global Blanket Market Segmentation

Market Insight, by Product Type

• Wool
• Cotton
• Polyester
• Other

Market Insight, by Application

• Household
• Hospital
• Hotel
• Others

Market Insight, by Distribution Channel

• Hypermarkets/Supermarkets
• E-Commerce
• Multi-Brand Stores

Market Insight, by Region

• North America Blanket Market
  • United States
  • Canada
  • Rest of North America
• Europe Blanket Market
  • Germany
  • United Kingdom
  • Spain
  • Italy
  • France
  • Rest of Europe
• Asia-Pacific Blanket Market
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• Rest of World Blanket Market

Top Company Profiles

• American Blanket Company
  • Pendleton Woolen Mills
  • Hudson’s Bay Company
  • Boll and Branch
  • URBANARA GmbH
  • Shanghai Easun Group
  • Medline Industries, Inc.
  • Chellco Industries Limited
  • Biddeford Blankets, LLC
  • Youngman Woolen Mills Private Limited