Plush Blanket Market: Global Industry Analysis and Forecast (2023-2029)

Plush Blanket Market size was valued at US$ 441.92 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 6.1% through 2023 to 2029, reaching nearly US$ 668.8 Mn.
Plush Blanket Market Overview:
A blanket with rich fabric and a long, soft nap is referred described as a 'plush' blanket. A plush blanket's raised nature generates a layer of air between you and the blanket's core fabric. Whenever you sleep, your body heat travels between the layers of soft fibers, helping to maintain your core body temperature. Twin, Twin XL, Full, Queen, and King are the types of plush blanket.To know about the Research Methodology :- Request Free Sample Report
Plush Blanket Market Dynamics:
Plush blankets are becoming increasingly popular among consumers since they provide maximum comfort and protection from the cold. During the forecast period, the market is expected to rise due to the rising popularity of plush blankets. Users will appreciate the softness, rich appearance, and warmth of these blankets. Plus blankets are utilized as home decor, fashion, and lifestyle products due to their texture and visual appeal.

Consumers are increasingly aware of the negative impacts of conventional blankets or blankets created with harmful chemicals and synthetic dyes, prompting them to prefer organic blankets. Sustainable products are becoming more popular among consumers as a way to avoid negative environmental effects and reduce landfill waste. As a result, plush blanket manufacturers have redesigned their product portfolios to include eco-friendly plush blankets.

For example, the American brand Bare Home sells a premium Sherpa plush blanket. This blanket is manufactured of OEKO-TEX certified non-toxic, hypoallergenic premium materials. The blanket is said to be devoid of toxic chemicals and skin-friendly by the company. During the forecast period, these innovations are expected to continue to boost plush blanket sales. These are the key factor that drives the growth of the Global Market during the forecast period 2023-2029.
Plush Blanket Market Segment Analysis:
Based on the End Use, the market is segmented into Residential, and Commercial. The residential segment is expected to hold the largest market share of xx% by 2029. The rising availability of premium and luxury-based bedding products with multiple functional benefits has resulted in a considerable increase in demand for plush blankets in the residential sector. The segment is being driven by rising expenditure on bedding products that provide a relaxing and rejuvenating sleeping experience. These are the key factor that drives the growth of this segment in the Global Market during the forecast period 2023-2029.

The commercial segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Increasing the use of plush blanket in the commercial sector as it offers many benefits is the key driver that boosts the growth of the commercial segment in the global plush blanket market during the forecast period 2023-2029.Based on the Type, the market is segmented into Twin, Twin XL, Full, Queen, and King. Queen size plush blanket is expected to grow rapidly at a CAGR of 5.3% during the forecast period 2023-2029. A queen size plush blanket measures 60" wide by 80" long and is popular because most customers already have queen bedding and accessories. These blankets are very simple to use and comfortable to share. These are the key driver that boosts the growth of this segment in the Global Market during the forecast period 2023-2029.
Plush Blanket Market Regional Insights:
North America dominates the Global Plush Blanket market during the forecast period 2023-2029. North America is expected to hold the largest market shares of xx% by 2029. The increased spending on residential restorations and repairs by Americans is pushing the use of high-end quality bedding products in this region, which is driving up product demand. According to the Harvard Joint Center for Housing Studies' (JCHS) latest report Improving America's Housing 2022, the house remodeling market in the United States grew by more than 50% after the recession ended. These are the major drivers that boost the growth of this region in the global market during the forecast period 2023-2029.

Asia Pacific is expected to grow rapidly at a CAGR of 6.8% during the forecast period 2023-2029. China, India, Japan, South Korea, Hong Kong, Singapore, and India are the major countries in which the product will have a lot of potential in the coming years. More investments in many sectors, particularly hospitality, including hotels and hospitals, are setting the way for increased investments in luxurious blankets in the future, due to strong growth in infrastructural development across the developing countries of India and China.

The objective of the report is to present a comprehensive analysis of the Global Plush Blanket Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Plush Blanket Market dynamic, structure by analyzing the market segments and project the Global Plush Blanket Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Plush Blanket Market make the report investor’s guide.
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Global Plush Blanket Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 441.29 Mn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 668.8 Mn.


 Segments Covered:
by Type
• Twin
• Twin XL
• Full
• Queen
• King


by Sales Channel
• Direct Sales
• Hypermarkets/ Supermarkets
• Specialty Stores
• Online retailing
• Convenience Stores


by End Use
• Residential
• Commercial



Plush Blanket Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Plush Blanket Market, Key Players are:
• L.L.Bean Inc.
• Bed Bath & Beyond Inc.
• American Blanket Company.
• Sunbeam Products, Inc.
• Home Depot Product Authority, LLC.
• Bare Home
• Utopia Deals
• FleecePro
• Plush Addict
• Shannon Fabrics Inc.
• Robert Kaufman Fabrics
• The Northwest Company
• The Company Store
• Venus Group
• ADORNit

Frequently Asked Questions:

1] What segments are covered in Global Plush Blanket Market report?
Ans. The segments covered in Global Plush Blanket Market report are based on End Use, Type, and Sales Channel.

2] Which region is expected to hold the highest share in the Global Plush Blanket Market?
Ans. North America is expected to hold the highest share in the Global Plush Blanket Market.

3] Who are the top key players in the Global Plush Blanket Market?
Ans. L.L.Bean Inc., Bed Bath & Beyond Inc., American Blanket Company., Sunbeam Products, Inc., and Home Depot Product Authority, LLC. are the top key players in the Global Plush Blanket Market.

4] Which segment holds the largest market share in the Global Plush Blanket market by 2029?
Ans. Residential segment hold the largest market share in the Global Plush Blanket market by 2029.

5] What is the market size of the Global Plush Blanket market by 2029?
Ans. The market size of the Global Plush Blanket market is US $ 668.8 Mn. by 2029.

6] What was the market size of the Global Plush Blanket market in 2022?
Ans. The market size of the Global Plush Blanket market was worth US $ 441.92Mn. in 2022.