May 2022 industry development highlights.
The rise of high-end products market
As consumers continue to improve the quality of sleep, memory foam industry in the high-end mattresses, pillows ushered in rapid growth. Some headline companies focus on creating cost-effective boutique series, with high-quality fabrics, humanized design to attract a large number of middle- and high-income people. In addition, personalized customization services in the high-end market is also very popular. It is expected that in the next 3-5 years, high-end memory foam products will become a new growth point in the industry.
Waste Recycling Technology Upgrade
In order to further implement the sustainable development strategy, memory foam enterprises to increase the waste product recycling technology research and development investment. Some leading companies have realized the old mattresses, pillows in the memory foam materials for reprocessing and utilization, the production of new high-quality products. This not only helps to reduce the environmental load, but also for enterprises to create new revenue growth. Industry experts expect that the next three years, memory foam industry waste recycling rate will exceed 60%.