July 11, 2020

Duvet Market Detailed Analysis Trend & Forecast to 2019-2029

The chemical industry is focused to keep the business operations running along with ensuring the labor safety amid the COVID-19 pandemic. To recover the losses created by the decline in demand for various products, the companies are capitalizing on the escalating demand for products such as disinfectants and personal protective equipment. Many leading players in the chemical industry have expanded their business to enter into the production of safety products. Companies are resorting to advanced technologies in production to reduce the dependence on work-force.

They are increasingly adopting advanced digital capabilities to integrate supply chain and logistics to ensure the effective delivery of products. The industry heads are seeking the real-time situation of their supply chains to identify potential weaknesses, especially in terms of geography, and strengthen it. The financial disclosures are being extended beyond the usual financial statements to deal with the risks that have aroused amid the COVID-19 pandemic.

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The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

Persistence Market Research delivers key insights on the global duvet market, in its latest report titled, ‘Duvet Market: Global Industry Analysis 2014-2018 and Forecast 2019-2029’. The demand for duvets across globe is expected to remain steady, with a volume CAGR of nearly 3% over 2019-2029.

Urbanization has played a vital role in the development of the hospitality sector across the globe. Steady growth in developing economies is expected to drive activities in the hospitality and service sector. Across the globe, a positive outlook of the hospitality and service sector is expected to significantly create growth opportunities for the global duvet market during the forecast period. In emerging economies, the hospitality sector is growing, not only in terms of development of hotels or places to visit, but also as a potential of source market of new guests.

According to the Office of National Statics, the total turnover of the U.K. hospitality industry reached US$ 117.3 Bn in 2017, up from US$ 93.9 Bn in 2015. The growing hospitality and service sector caters to the expansion of the travel and tourism industry, increasing the demand for hotels, thereby leading to huge investments in the field of hotel development, as such, raising the demand for a luxurious feel in hotels. Additionally, the growing tourism industry in emerging economies is increasing the number of hotels to cater to the needs of travellers. Such factors are projected to create significant growth opportunities in emerging economies across the globe.

Duvet Market: Segmentation Analysis

Duvet Market Analysis by Material Type

Based on material type, the global duvet market is segmented into cotton, silk, linen, and polyester. Polyester and cotton are widely used in the manufacturing of the duvet bag. These segments are projected to hold prominent market shares in the global duvet market throughout the forecast period. In terms of value, the cotton segment is expected to be a very lucrative segment throughout the forecast period, whereas, in terms of volume, the polyester segment is projected to hold a prominent share in the global duvet market during the forecast period.

Duvet Market Analysis by Bed Type

Based on ##, the global duvet market is segmented into single bed, double bed, queen size, and king size. In terms of bed type, double bed and queen size duvets are projected to hold a significant share in the global duvet market during the forecast period.

Globally, the duvet market is predominantly driven by the growth of travel and tourism activity as well as the hospitality sector. The travel and tourism industry significantly contributes to global GDP. Governments of major economies are continuously working on the development of hospitality services and tourist places in their regions to increase tourism.

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Duvet Market Analysis by Sales Channel

Based on sales channel, the global duvet market is segmented into online and offline. The offline segment is further divided into supermarkets, hypermarkets, and retail. Under the offline sales channel, the retail sales segment is expected to hold a prominent share in the global duvet market during the forecast period. The online sales channel is projected to experience high growth during the forecast period, owing to high traction of the e-Commerce industry across the globe.

Duvet Market Analysis by Region

From a regional perspective, the global duvet market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa. Europe is estimated to account for a significant share in the global duvet market, owing to the positive outlook for travel and tourism activities and rising per capita disposable income. In the year 2019, Europe is estimated to hold nearly 50% share in the global duvet market. Emerging duvet markets such as the UK, US, and Germany are projected to experience high value growth during the forecast period. Oceania is projected to register healthy growth in the global duvet market during the forecast period. The duvet market in Europe is expected to be lucrative, and is expected to grow at a value CAGR of nearly 4% between 2019 and 2029.

Company Profiles:

  • Sheela Foam Limited 
  • Hanesbrands Inc.
  • ohn Cotton Group Ltd.
  • Hollander Sleep Products
  • Duvet Pillow & Linen Co.
  • Pownall & Hampson
  • Old Europe Duvet Company
  • Dreamwise
  • Aziz Sons
  • Luna Textiles 

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