Latest Developments in Global Blanket Market

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Latest Developments in Global Blanket Market

  • FMCG
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In October 2023, Trust Housing initiated a community support program after securing GBP 120,000 in funding to assist residents during winter, aiming to ensure their safety and well-being. This development reflects the organization's proactive role in social care and is expected to enhance demand for essential home comfort products, including blankets, especially among vulnerable populations
  • In October 2023, Myer, through its senior homeware’s buyer Jess Gavin, introduced blankets with advanced cooling technology designed to regulate body temperature and improve sleep quality. This innovation is likely to drive consumer interest in functional home textiles, strengthening the premium blanket segment
  • In September 2023, National Blankets announced plans to manufacture one million high-quality blankets annually for domestic and export markets, pending funding support through Special Drawing Rights (SDRs). The initiative is set to boost local production capacity and reinforce Zimbabwe’s position in the regional textile market
  • In September 2023, Zimbabwe received SDR 677 million (USD 958 million) from the International Monetary Fund (IMF), allocating part of it to uplift strategic sectors such as the textile industry. This move is expected to stimulate economic development, promote industrial resilience, and support increased output in blanket manufacturing