Opportunities in the Field of Blanket Industry 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.
Related Project: - Mink Blanket
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. The printing mink blanket is a knitting process for making a knitted fabric using acrylic, a printing process for printing in a variety of beautiful patterns on the surface of the woven acrylic knitted fabric, and brushed to enhance the flexibility, bulkiness, and warmth of the printed knitted fabric. It was prepared through a brushing process or a mixture of acrylic and polyester was prepared through the above process steps. Acrylic mink blankets and acrylic-polyester mink blankets produced in this process are not only highly warm and soft to the touch, but also printed on the surface with various patterns such as animals and landscapes, and the appearance is very beautiful.
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Why Blanket Market Is Flourishing?
The industry is expected to witness further growth as a result of increasing demand for luxury and comfort among the working-class population in the developing countries such as India and China. The pattern, material, and color of blankets play an essential role in influencing the buying behavior of consumers. Considering the change in the buying patterns, preference for bold and dramatic colors has been observed among consumers. Blanket manufacturing companies have been incorporating these preferable colors and patterns in their new products. 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.
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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 global blanket market size was valued at USD 17.0 billion in 2018. Growing application of blankets in the commercial sectors including travel and hospitality, military and defense, and charity is expected to have a positive impact on the market growth. Furthermore, the market has seen a boom as a result of innovation and ease of product availability in affordable price ranges.
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Conclusion
Niir Project Consultancy Services (NPCS) has made a project report on “Mink Blanket”. The scope of this report comprises of assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a much planned manner by formulating detailed manufacturing techniques etc. You can check this and other project reports too on the official website of NPCS.
Related Project:- Mink Blankets
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