New York, United States , Sept. 10, 2024 (GLOBE NEWSWIRE) -- The Global Latex Pillow Market Size is to Grow from USD 412.7 Million in 2023 to USD 810.2 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 6.98% during the projected period.
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Latex pillows are made of natural latex foam derived from rubber plant sap. Plants such as spurges and poppies contain latex, a milky material. Mattresses and pillows are filled with latex material and stuffed with latex foam. Latex pillows are hypoallergenic, durable, and conforming. Latex pillows are well-known for their capacity to support the back and neck. Backache and cervical spine disorder sufferers prefer it since it reduces neck and spinal conditions. The latex pillow market is expanding due to an increase in the occurrence of musculoskeletal problems such as joint and neck pain, caused by hectic and sedentary lifestyles. Another driving element in the latex pillow market is manufacturers introducing unique latex pillow designs. Furthermore, the latex pillow market is hampered by various challenges, including higher starting costs than those of ordinary pillows, which may prohibit particular consumers from buying products.
Browse key industry insights spread across 198 pages with 121 Market data tables and figures & charts from the report on the "Global Latex Pillow Market Size, Share, and COVID-19 Impact Analysis, By Type (Blended Mix, Natural Latex, and Synthetic Latex), By Application (Residential and Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The blended mix segment accounted for the largest market revenue share of the latex pillow market during the projected timeframe.
Based on the type, the latex pillow market is divided into blended mix, natural latex, and synthetic latex. Among these, the blended mix segment accounted for the largest market revenue share of the latex pillow market during the projected timeframe. Natural latex is often mixed with synthetic materials, such as polyurethane foam, to create blended mix pillows. Blended mix pillows are built of a variety of materials that provide them a precise balance of comfort and support, making them more lasting than those made only of natural latex.
The residential segment is anticipated to grow at the highest CAGR of the latex pillow market during the projected timeframe.
Based on the application, the latex pillow market is divided into residential and commercial. Among these, the residential segment is anticipated to grow at the highest CAGR of the latex pillow market during the projected timeframe. Comfort is the most important factor to consider while using latex pillows in the home. They are available in a variety of sizes and firmness levels to match the needs of a specific family. These pillows provide support and the appropriate firmness to ensure a restful night's sleep.
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North America is expected to hold the largest share of the latex pillow market over the forecast period.
North America is expected to hold the largest share of the latex pillow market over the forecast period. This dominance can be attributed to the increasing awareness about the importance of getting adequate sleep. The U.S. Centers for Disease Control and Prevention states that getting enough sleep reduces the chance of developing chronic illnesses such as type 2 diabetes, heart disease, high blood pressure, and stroke. Additionally, obtaining adequate sleep reduces stress and increases contentment. Allergy sufferers and sensitivities can sleep in a comfortable environment because latex pillows are hypoallergenic and dust-resistant.
Asia-Pacific is predicted to grow at the fastest pace in the Latex Pillow Market during the projected timeframe. The rise of the latex pillow market is primarily driven by rising investment in the hospitality industry. Furthermore, increased commercial and residential construction is expected to fuel market growth. Due to its significant population, the latex cushion business is rapidly growing. A rise in tourism has prompted the growth of the hospitality business, hence expanding the latex pillow market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the latex pillow market are Sleep On Latex, Simmons Bedding Company LLC., Sealy Corporation, Serta, Inc., Talalay Global, Shevick Sales Corp., Sleep Artisan, NORFOLK FEATHER COMPANY LIMITED, Mattress Leaders, Paradies GmbH, Pacific Coast Feather Company, DeRUCCI International Holdings Ltd., Dunlopillo World, Heveya, and others.
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Recent Developments
- In June 2024, Mijia Memory Foam and Natural Latex Neck Pillows were released by Xiaomi. The "non-temperature sensitive 40D" memory foam used in the Memory Foam Neck Pillow Pro provides uniform pressure on the head and neck despite the surrounding air temperature.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the latex pillow market based on the below-mentioned segments:
Global Latex Pillow Market, By Type
- Blended Mix
- Natural Latex
- Synthetic Latex
Global Latex Pillow Market, By Application
- Residential
- Commercial
Global Latex Pillow Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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