Sustainability is a key consideration and to build a resilient business that can thrive in the new reality and help the world become a better and more sustainable place for everyone, it's important to integrate ESG into a business strategy now more than ever.
In the home interiors market, we often hear terms such as eco-friendly, environmentally friendly, recycled, and sustainable. Home bedding market also has major impact on various environment, social and governance parameters.
A variety of fabrics are used to make bed sheets, including polyester, linen, bamboo, but cotton is the most used fabric in bedding. Creating cotton is one of the most harmful fabrics to produce and use since it requires significant amounts of energy, water, and toxic chemicals. Additionally, most chemicals used for washing, farming, bleaching, and dying cotton are toxic Hazardous chemicals affect the environment and the health of farmers, workers, and their families. Consumers are at risk as well.
Cotton is a major fabric used for bedding, so it creates a negative impact on the environment. In fact, $2 billion in chemicals are used every year on the world's cotton crop, creating a harmful effect on the environment. The use of agricultural chemicals in an unsafe manner can have serious health effects on workers, increasing their risk of cancer, hormones, and birth defects. As a result of cotton production, water consumption and energy consumption are major environmental concerns. Cotton crops require a lot of fresh water to grow, requiring 20,000 liters of fresh water to produce one kilogram, which is enough for a t-shirt and jeans. Because of these toxic cotton impacts, cotton manufacturing's polluted water is often re-injected into local rivers, lakes, or the ocean, leaving behind a barren wasteland that impacts thousands of locals.
During cotton farming, harmful substances are released that contaminate soils, water sources, and local communities. EPA assesses and implements regulations regarding pesticides and their potential effects on human health and the environment. As part of their manufacturing process, the home bedding market uses woods or timber that are not always sourced ethically. This results in deforestation and a major impact on biodiversity. Companies like the Forest Stewardship Council and Better Cotton Initiative are committed to certifying the sustainable sourcing of certain materials, such as wood and cotton, so this sector should use certified suppliers to manufacture their products.
Furthermore, there is an impact on human rights as children in countries such as India are working long hours with little pay to cultivate cotton, gin it up, spin it, wash it, cut it, and sew it, and then fly it around the world. The sector also effects the price volatility and uncertain market as cotton prices can fluctuate due to factors such as national regulation, stockpiling, and government subsidies, creating an uncertain market for farmers, making cotton an unprofitable crop.
As a result of the ESG impact of the home bedding industry, companies are increasingly focusing on sustainable bedding and sustainable sourcing of materials. People can make our world a better, fairer place by choosing sustainable bedding like Sleep Organic's 100% organic cotton, Fairtrade certified bedding. Organic cotton bedding reduces emissions and increases carbon sequestration. Furthermore, organic farms use sustainable methods and practices to not only reduce greenhouse gas emissions, but also increase carbon sequestration. Businesses can help reduce ecosystem degradation and biodiversity loss by supporting organic cotton production, which uses no chemical pesticides or herbicides.
The companies that care about the environment choose eco-friendly dyes and use less water when growing and making their fibers. “Closed-loop production” recycles 99 percent of solvents, chemicals, and other wastes in the manufacturing process and reduces the environmental footprint of the business.
Consumers and companies support fair trade cotton bedding because these industries make sure workers are treated fairly and are paid a fair wage. Also, cotton farms and factories play a key role in sustainable communities, choosing sustainable bedding is essential, as they provide job opportunities and contribute to the quality of life for everyone involved, as well as the broader community.
Increasingly, manufacturers in the organic bedding industry are introducing advanced products pertaining to the industry due to the association between quality sleep and a healthy life. As a result, manufacturers are also noticing an increase in interest in plant-based bedsheets derived from organic cotton, bamboo, and Tencel.
To reduce breathing difficulties caused by chemically treated fabrics, asthmatic consumers are advised to switch to organic sheets and comforters. In addition, organic bedding is an excellent choice for consumers with sensitive skin, since non-organic bedding can cause breakouts from residual particles hiding in the sheets. Consequently, manufacturers are focused on producing these products in order to gain more attention from consumers who are concerned about their health.
In 2021, the global home bedding market was valued at USD 87.05 billion, and it is predicted to grow at a compound annual growth rate (CAGR) of 7.9% between 2022 and 2030. As a result of the housing boom and consumer spending on home furnishings, the market is expected to grow. Additionally, the trend for customizable mattresses has been on the rise among affluent consumers in 2021. Currently, only a few premium mattress brands provide fully customizable mattresses, but other brands will follow soon. The need for home bedding is essential, but if the correct product is not used, then climate change can be disastrous. Consumers should therefore choose sustainable and organic bedding to reduce harsh environmental impact.
• Acton & Acton Ltd.
• American Textile Company
• Tempur Sealy International, Inc.
• Bombay Dyeing
• Casper Sleep Inc.
• Beaumont & Brown
• Pacific Coast Feather Company
• Crane & Canopy Inc.
• Peacock Alley
• Purple Innovation, Inc.
• The White Company
• Portico New York
• Macro-economic and ESG-variable analysis of the industry, including regulatory, policy, and innovation landscape
• Key insights on infrastructure developments and ESG issues affecting the theme
• Identify key initiatives and challenges within the industry
• Identify ESG leaders within the industry
• Understand key initiatives and the impact of companies within the sector to fuel an informed decision-making process
• Analysis of industry activities based on multi-media sources, including significant controversies and market sentiment
• Developing a comprehensive understanding of macro-economic, Policies & Regulations and innovations affecting the Home Bedding Sector, globally.
• Key insights into Infrastructure developments and ESG issues affecting the theme.
• Identifying ESG risks and opportunities to business among leading players in the Home Bedding Sector industry.
• Obtaining a clear and relevant understanding of company actions, progress, and impact and find opportunities for investment.
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