What is the Impact of Eco-Friendly Mattresses on the Mattress Market?
Mattress Market Expected to Witness 3.8% CAGR during 2018–2023
By: P&S Intelligence
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According to a report by P&S Intelligence, in 2017, the global mattress market (https://www.psmarketresearch.com/
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Because of the rapid environmental degradation, the requirement for eco-friendly mattresses is surging as well. The public is becoming increasingly aware regrading issues including toxic pollution and volatile organic compounds that are emitted from polyurethane foam mattresses. A large number of customers are now opting for organic and natural products, including eco-friendly mattresses, which are made up of environment friendly materials, such as natural latex organic wool, organic cotton, and other alternatives that have less chemical and ecological impact. The demand for organic mattresses is also growing due to the negative impact of off-gassing, flame retardants, adhesives, and other chemicals, which are utilized in the manufacturing of mattresses.
Among the different regions, namely Latin America, North America, Middle East & Africa, Asia-Pacific (APAC), and Europe, North America dominated the mattress market during 2013–2017, however, the APAC region is predicted to account for the largest value share of the market during 2020–2023. This is because of the large population in countries including Indonesia, China, and India, which is leading to an increased demand for consumer goods including mattresses.