The mattress and furniture bags market has a valuation of US$ 150 Bn as of 2022. The market is expected to grow at a CAGR of 4.5% from 2022-2032. The mattress and furniture bags market is expected to be valued at US$ 232.95 Bn by 2032.
Mattress and Furniture Bags Market Valuation (2022)
US$ 150 Bn
Mattress and Furniture Bags Market Expected Valuation (2032)
US$ 232.95 Bn
Mattress and Furniture Bags Market Anticipated CAGR (2022-2032)
In the current times of extreme mental burden, the only way the majority of people know to release this kind of pressure is by taking a good nap. Therefore, we get to understand that sleep is no longer uninteresting. It is something that has become a way of rejuvenation.
The key players in the sleeping industry are making innovations to the extent that the consumers would rather make their dream come true.
If we talk about the innovations, the last big innovation that transformed the mattress and furniture bags market took place decades ago. This was in the form of introducing memory foam mattresses and adjustable beds.
After this innovation, the key players did not believe in disturbing the sleeping pattern. They decided to focus more on branding and minor changes in the mattresses and furniture bags. All this happened until recently. The manufacturers started working on hyperelastic polymer grids. The specialty of employing these polymer grids is that these stretch to the support areas where the pressure is formed, resulting from which the mattresses conform to the body shape.
Some players have made the best use of this innovation and developed tight gel tops to provide better cradling sensations.
Apart from that, the key players have developed mattress bags made up of heavy grade 2.0 mil polyethylene plastic.
However, if we talk about the furniture bags market, the market has rather moved one step ahead. The focus has been on making forward integration. So, the manufacturers have stepped into manufacturing beanbags, especially reengineered bean bags, which are in high demand worldwide.
The re-engineered bean bags have been designed to support any body shape. These operate on the basis of floatation theory, wherein we would have a feeling that we are not sitting but floating. This kind of ergonomics helps relieve back and neck pain and are also known for reducing anxiety levels.
Apart from that, these bean bags will be able to withstand the wear and tear of everyday use. Additionally, these bean bags will create a perfect balance between form and function.
Most importantly, be it the mattresses or the furniture covers, the design has been made keeping in mind the principle of minimalism. Thus, the focus has been to occupy as less space as possible.
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Mattress and furniture bags are used to store and wrap around mattresses and furniture, especially for transit or storage. They are used to protect the products from exposure to dust, soil, light, water and moisture. Rapid urbanization and improvement in standard of living has led to an increase in the number of people moving homes on a given day.
Across the world, millions of people are known to move to a new home, on any given day, thereby increasing the demand for solutions to keep heavy products like furniture and mattresses safe from physical and chemical harm. The preference for these bags is attributed to their flexibility and shapes.
They come in various sizes and shapes, designed to match the shape of their contents, thereby reducing the extra space that other forms of packaging take, such as large cardboard boxes. Attributed to the protection that they provide to the contents, and the ease of unpacking them, the global mattress and furniture bags market is expected to rise over the forecast period.
Urbanization has been known to have emerged as a rapid process with the fast changing technology and increasing disposable income. According to a UN report, the world is projected to have around 40 megacities, by 2030, with more than 10 million inhabitants each.
2.5 billion people are expected to be added to the global urban population by 2050. In addition to that, globalization has led to an increase in job opportunities, leading to many people deciding to move homes. Also, holidaying has emerged as a trend over the past couple of decades, resulting in families staying away from homes for long durations, during which, there are chances of bug and termite infestations in mattresses and furniture. They can be prevented by using mattress and furniture bags.
The continuous evolution of the standard of living leads people to incline more towards materialistic comfort and convenience goods. Mattress and furniture bags occupy relatively less space and are easier to handle and move. All these are expected to fuel the global mattress and furniture bags market.
Despite these factors, there are other potential restraints for the global mattress and furniture bags market, such as, the usage of other forms of packaging, which may be cardboard boxes and thermocole.
North America is expected to lead the global mattress and furniture bags market over the forecast period, owing to a higher consumer base, followed by Western and Eastern Europe. APEJ region is expected to register the highest CAGR, owing to a significant amount of domestic migration, fueled by an increasing inclination towards urban centers.
Especially in emerging economies such as India, as much 1/5th of its population is expected to be added to the middle class by 2030, leading to an increase in the number of domestic migrants to metropolitan and urban places.
Some of the players in the global mattress and furniture bags market are – Britwrap protective packaging store, U-Haul International, Inc., FOUR STAR PLASTICS, Duo Plastics Limited, International Plastics Inc. etc.
The report offers an accurate evaluation of the market through detailed qualitative insights and verifiable projections about market size. The projections presented in the report have been derived using proven research methodologies and assumptions.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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