NPCS has been helping entrepreneurs, startups, MSMEs, and industrial investors since 1992 with detailed project reports, feasibility studies, market research, and business consulting services across 50+ industries.
Despite being called "mink blankets," these blankets do not contain mink fur. Rather, they are comprised of 100% synthetic materials that resemble the feeling of mink fur without using animal fur. Mink blankets are warm, soft, and velvety, perfect for staying comfortable and cozy while relaxing. The term "mink" in the name suggests that these blankets are comparable to mink fur in texture and softness. Mink blankets are designed to give a luxurious appeal to any space that they are placed in. They are also made to serve as a more affordable alternative to real animal furs. The blankets are made to be so soft, that they are comparable to natural animal fur. Because of the high-density knitting and the synthetic material that is used, they are even comparable to real furs. Mink blankets provide a plush, luxurious experience for the user.
Comfort and Luxury Desirable for Interior Design
Mink blankets have been rapidly gaining popularity in terms of home decor. They have been reflecting a growing trend of people highly valuing comfort and luxury in their home decor. In the past few years, a trend has emerged where people want their home to reflect their wealth and status. Mink blankets are especially desired for their warmth and softness. They are also designed to be practical and serve to keep people warm.
The trend of personalization continues with the desire to create spaces that are optimally comfortable and that highlight one's personal style. Mink blankets as home textiles have the advantage of being high quality and versatile, while also being stylish. They come in a vast range of colors, patterns, and sizes, allowing customers' creativity to shine. They can also be used to make homes unique to the owner and can be tailored to fit each style in every space.
Thanks to the lower price (compared to other high quality textiles such as real fur and fine linens) of these luxurious blankets, a wider section of the population can create a space that is warm and inviting. Including mink blankets in living spaces conveys a shift in the perception and definition of comfort and luxury in contemporary home decor.
Benefits
Some key Benefits are:
- Incredible Softness: Mink blankets are famous for having an incredibly soft, velvety, and smooth texture. They feel luxurious and smooth to the touch, and they are great for lounging on the couch or in bed.
- Incredible Warmth: real and faux mink blankets have dense fibers which are amazing for trapping the air that is warmed by your body to keep you warm and comfortable on cold nights. They are wonderful for anyone that lives in a colder climate, or for someone that is always cold.
- Longevity: Mink blankets are incredibly long-lasting provided they are cared for properly.
Due to their resistance to pilling, fading, and tearing, these blankets make a smart purchase.
Light and Convenient: Despite how warm they are, mink blankets are easy to handle and carry. This makes them ideal for transporting, draping on furniture, and even using as a picnic blanket.
Flexibility: There are many different colors, styles, and sizes in mink blankets. Because of this, you can choose a blanket that will fit your style and décor. Mink blankets can even be taken outdoors and are suitable for use in all areas of your home.
Global Market for Blankets
As of 2018, the global blanket market stands at $17 billion. Expanding usage of blankets in hospitality, travel, military and defense and charitable sectors is likely to benefit the market growth. Launch of new products, availability of blankets in lower price range have greatly encouraged market growth.
In developing economies of China and India, the growing middle class is expected to drive the market's growth. Consumer buying behavior is largely impacted by the pattern, fabric, and color of blankets. Purchase behaviors have shown a growing preference for intense and bold colors. Manufacturers are aligning the most preferred colors and designs to translate to latest products.
Developing economies have shown growing preference to colors and designs inspired by local flora and fauna (especially India, Vietnam, Myanmar and Sri Lanka). This has inspired new developments in pastel color range cotton blankets. The growing need for products that are easily machine washable and have high stain resistant to color tendency and design.
Asia Pacific is expected to be the fastest growing market with a 5.2% CAGR in the period of 2019 to 2025. Middle class age group and changes in weather among target markets is likely to spur the market growth.
China, India, and Pakistan's military power countries affect market growth.
Final Thoughts
For entrepreneurs, the mink blanket industry is a choice especially as it is in the growing cozy blanket industry with much variety of customers and flexible consumer tastes. With a customer-centric approach, creative strategies, and a solid mink blanket business entry plan, entrepreneurs look forward to a rewarding and successful business journey.
Main Players
- Yougman Woollen Mills Pvt. Ltd
- Amritsar Swadeshi Textile Corporation Pvt. Ltd
- Urbanara
- Faribault Woolen Mill Co
- Biddeford Blankets
- Hudson’s Bay Company, Boll & Branch Co
- American Blanket Company
- Shanghai Easun Group
- Medline Industries Inc
- Kanata Blanket Company
- Jarden Corporation
- Beurer GmbH
- New Zealand Wool Blankets Ltd
- Barker Textiles
- UAB Silkeborg
- Morphy Richards Ltd
| Plant capacity | Plant & machinery | Working capital | Cost of Project | T.C.I | Return | Break even |
|---|---|---|---|---|---|---|
| Double Bed Blankets (3.80 Kgs Size) 3,300 Nos Per Day Single Bed Blankets (2.50 Kgs Size) 2,800 Nos Per Day Baby Blankets (0.60 Kgs Size) 7,500 Nos Per Day | 2700 | N/A | 6000 | 27 | 42 |
Entrepreneur India, an Industrial monthly magazine on industrial development, technologies & project opportunities aims at simplifying the process of choosing the suitable project for investment.
Entrepreneur India - Copyright 2017-. All rights reserved.
