LONDON--(BUSINESS WIRE)--The global woolen blanket market is expected to post a CAGR of more than 2% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Woolen blankets have better breathability and provide instant warmth when compared to blankets made of synthetic materials. They are also highly durable and easy to clean. Moreover, wool is natural, chemical-free, and hypoallergic in nature. They are also durable and can last for decades. Such benefits offered by woolen blankets are increasing their use among consumers, thereby driving the growth of the market.
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As per Technavio, the advent of organic-certified woolen blankets will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Woolen Blanket Market: Advent of Organic-Certified Woolen Blankets
Consumers across developed countries such as the US and the UK are increasingly becoming aware of animal sustainability and ethical manufacturing of textiles. This is prompting vendors to manufacture blankets using organic wool that is certified by regulatory bodies. The trend of using organic-certified wool in the manufacture of woolen blankets is expected to boost the growth of the market during the forecast period.
“The advent of electric blanket and increasing free trade agreements are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Woolen Blanket Market: Segmentation Analysis
This market report segments the global woolen blanket market by End-user (Residential and Commercial) and Geography (MEA, APAC, Europe, North America, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the increase in per capita income and growing brand awareness in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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