The Global Plush Blankets Market was $410.40 Mn in 2020, and it is expected to reach $872.30 Mn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 7.8% between 2020-2030. But due to the current COVID-19 pandemic there might be a slight change in the growth rate in the present year. With the increased preference of the consumer for the lustrous luxury blankets which results in the adoption of less-weighted blankets among the individual is the main reason that will help to accelerate the growth of this market during the forecasted period.
Global Plush Blankets Market Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Global Plush Blankets Market has been segmented into Application, Distribution Channel. By Application – Commercial, Residential. By Distribution Channel – Hypermarkets and Supermarkets, Convenience Stores, Online Others. The online distribution channel is expected to witness fastest growth during the forecasted period.
By Region, North America Is Holding the Major Market Share
The Global Plush Blankets Market has been geographically segmented into North America, Asia Pacific, South America, Middle East, and Africa region. in addition to this North America Global Plush Blankets Market is holding the major market share at present and is estimated to witness the highest compound annual growth rate in the upcoming forecasted period. high demand for the product in this region because of the increased spending on the residential renovations and repairs by the Americans. This in turn is promoting the application of high quality bedding products. This is the main reason that helps the market to grow in this region. Besides this Asia Pacific is also going to witness a remarkable growth during the forecasted period.
Major Players in the Global Plush Blankets Market
Some of the major players in the Global Plush Blankets Market include Berkshire Blanket & Home Co., American Blanket Company, FleecePro, Sunbeam Products, Inc., ADORNit, Plush Addict Ltd., Robert Kaufman Co., Inc., Shannon Fabrics Inc., Venus Group, The Company Store, The Northwest Company.
The Global Plush Blankets Market Has Been Segmented Into:
Global Plush Blankets Market, By Application Type
Global Plush Blankets Market, By Distribution Channel
Global Plush Blankets Market, By Region