Latex Pillow Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
The global latex pillow market size was valued at USD 276.90 million in 2018 and will expand further at a CAGR of 4.9% from 2019 to 2025. Rising demand for high-end lifestyle products is a key factor driving the market growth.
(firmenpresse) - The global latex pillow market size is anticipated to reach USD 387.42 million by 2025 registering a CAGR of 4.9%, according to a new report by Grand View Research, Inc. Rising cases of cervical spondylosis owing to sedentary lifestyle have increased the demand the product. In addition, demand for high-end lifestyle products is driving growth of this market. Increasing cases of neck pain, joint pain, backache issues, and spinal misalignment are boosting the demand for high-quality pillows, which, in turn, is expected to drive the market over the coming years.
According to the study published in 2017 by the National Center for Biotechnology Information, 20.3% of the global population suffered from neck pain. Latex pillows help in pain relief and are also recommended by osteopaths, therapists, and chiropractors for people suffering from back problems as these pillows promote proper alignment of the spine on account of natural elasticity of the material. In addition, these pillows also help reduce allergies and accumulation of microbes and dust mites. The blended mix type segment led the global market in 2018.
The combination of natural latex with a mixture of synthetic, rayon, cotton, and memory foam increases the product durability and cuts short on chemical production of bedding products. Moreover, products made from a combination of different materials helps cut down on the cost incurred in producing 100% natural latex pillows. Companies in the market are investing more in R&D to develop innovative products. For instance, Essence of Bamboo produces latex pillow with shredded latex and a blend of poly fil.
This combination helps retain bounce and softness for a longer time and also improves the airflow of the pillow. North America was the dominant regional market in 2018. Increasing construction activities across the region drives the demand for home furnishing and bedding products, which is expected to fuel the market growth. In addition, strong presence of key manufacturers, such as United Pillow Manufacturing, Inc. and Sleep Artisan, contributes to the region’s growth further.
Further key findings from the study suggest:
•Residential sector is expected to be the fastest-growing, as well as the largest, application segment over the forecast period
•The commercial segment also held a considerable market share in the past and is expected to witness a steady growth at a CAGR of 4.8% from 2019 to 2025
•North America will account for the largest share of the latex pillow market by 2025. However, Asia Pacific is said to be the fastest-growing regional market at a CAGR of 5.7% from 2019 to 2025
•Prominent companies in the global market are Sleep On Latex; Simmons Bedding Company LLC.; Sealy Corp.; Serta, Inc.; Talalay Global; Shevick Sales Corp.; and United Pillow Manufacturing, Inc.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: www.grandviewresearch.com
Datum: 09.12.2019 - 15:06 Uhr
Sprache: Deutsch
News-ID 603705
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Phone: 1-888- 202-9519
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Typ of Press Release: Financial
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Date of sending: 09.12.2019
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