Mink Blankets Manufacturing Industry
Mink Blankets Manufacturing Industry. Production of Soft Mink Blanket. Start a Blanket Business
A mink blanket refers to the feel of the blanket. These blankets are widely in demand owing to their beautiful appearance and trendy patterns. The blanket is made from a synthetic acrylic blend. It is woven to feel like mink. For a very soft and warm blanket.
Features:
- Tear resistant property
- Elegant design
- Perfect finishing
In the past, Mink blankets (also called Raschel blankets) were mainly made from acrylic fibers.
Nowadays, consumers are spending a significant amount of money to keep their houses warm as well as properly insulated during winter. One of the ways of ensuring warmth and comfort during winter is the usage of bedding blankets usually while resting or sleeping. A blanket is a piece of cloth designed to offer warmth and absorb moisture, especially while sleeping. These type of bedding blankets are also used for decorative purpose.
The global blanket market is expected to grow in the near future. In addition, a global increase in private consumption expenditure is likely to boost the consumption of luxury and decorative products, especially in emerging countries, which is also expected to boost the demand for blankets in the near future.
The revenue generated from blankets is estimated to be valued at over US$ 6,676.4 Mn in 2018, which is projected to increase at a CAGR of 4.5% during the forecast period (2018-2027).
The global blanket market has been surging at a significant rate in terms of value sales, which can be attributed to growth in the demand for blanket products, such as the electric blankets and regular blankets. Over the years, the global market has witnessed evolution in terms of product offerings and the quality of products. With the varying needs and demands of target customers in winter, the global blanket market has been witnessing the advent of new and innovative trends.
The Blanket Market is subject to witness a substantial growth due to the growing consumer awareness, wide range of prices and design available in the market. Introduction of electric blankets are expected to attract more customers, thus boosting overall sale of the product.
Blanket Market Share (%), By Base Material (2018)
The Blanket Market is subject to witness a substantial growth due to the growing consumer awareness, wide range of prices and design available in the market.
Increase in number of advantages associated with the product coupled with growing population are some of key driving factors for the sustained growth of market, in the recent years. Globally, the market is predicted to generate massive revenue over the next seven years, providing numerous opportunities for market players to invest for further development in the blanket market.
Furthermore, exclusive features such as machine washable and stain resistant blankets make, which are friendlier and comfortable to users, are gaining traction in the end-user market in the recent years. Increasing demand form countries with extreme weather condition are propelling market demand for blanket over the forecast period.
The market is broadly categorized into five major segments based on the product type such as woven acrylic blankets, knitted polyester blanket, cotton blanket, electric cotton blanket, and wool blanket. The wool blanket is considered as one of the faster growing segment in the blanket market with substantial revenue generation in the last few years. Growing popularity of the wool blanket segment is attributed to its properties. Electric cotton blanket segment also witnesses substantial growth owing to enhanced capacity to control the amount of heat the blanket produces.
The key manufacturers in the Blanket include:
- ChappyWrap
- Pendleton
- Garnet Hill
- Woolrich
- The Company Store
- Land of Nod
- Denali
- Pine Cone Hill
- Cuddledown
- Berkshire
Blanket Market is categorized based on geography into United States, Mexico, Canada, Germany, England, France, Russia, Italy, Japan, China, Korea, Brazil, India, Australia, Southeast Asia, Africa and Middle East. North America accounted for the major share of the Blanket Market Size in 2017 and will continue to lead in the forecast period.
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