The market for blankets and travelling rugs of synthetic fibres in Japan experienced a steady decline from 2023, where it was valued at approximately 679.0 million USD. By 2024, the market is projected at 657.49 million USD, indicating a year-on-year decrease of about 3.17%. The downward trend continues with successive yearly reductions of 3.36%, 3.50%, and 3.65% toward 2028, culminating in a forecasted value of 570.46 million USD. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects an average annual decline of approximately 3.43%.
Future trends to watch for in the synthetic fibres blanket market include:
- Increased competition from natural and eco-friendly materials.
- Innovation in synthetic fibre technology to enhance durability and comfort.
- Changing consumer preferences toward sustainable products.
- Potential impact of economic factors and consumer spending power in Japan.
