Plush Blanket Market is Projected to Expand at a CAGR of 5.4% And Gain a Revenue Worth US$ 710.5 Million During the Forecast Period | Future Market Insight
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Newark, NJ, May 06, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global plush blanket market is expected to grow from USD 392.20 million in 2020 to USD 625.11 million by 2028, at a CAGR of 6.0% during the forecast period 2021-2028.
The industry has been driven by increasing demand for luxury-based lustrous blankets due to the growing popularity of lighter-weighted blankets. The hospitality industry s growth accelerated urbanization and evolving lifestyles have all influenced the adoption of soft & fancy fabric-based bedding items, resulting in an increase in the use of plush blankets in the residential sector around the world. Increased demand for softer and more luxurious bedding items, such as fluffy blankets, is being driven by the consumer expenditure on relaxation and comfort as a result of lifestyle inflation, especially among generations X, Y, & Z.