Zipper Market Information - By Material Type (Metal, Coil and Molded Plastic) By Product Type (Close-End and Open-End), , By Application (Apparel, Bags, Shoes and others) - Forecast 2027
|ID: VPR/CO/1034||Publishing Year: October 2021||Pages: 118||Format:|
Zipper Market Overview:
The Zipper Market is projected to grow from USD 13.1 billion in 2020 to reach USD 20.8 billion by 2027; it is expected to grow at a CAGR of 6.83% from 2020 to 2027.
A Zipper Market is a device that opens and closes sections of clothing and bags. It is used to bind the edges of an opening material or another flexible material, such as a bag, as a fastening component. It's commonly used for securing and fastening trousers, as well as baggage and bags. When compared to hooks, buttons, and other fastener options, zippers are by far the most common and favoured fastener.
The Worldwide Zipper Market is expected to grow at a tremendous rate. Industries have been introducing new technology as a result of strong industrialisation. The garment sector, which is a major driving element in the growth of the Worldwide Zipper Market, has accelerated due to extensive industry evolution. Furthermore, the Worldwide Zipper Market has been fueled by an increase in disposable income. Furthermore, as customers in developing economies spend more money on branded and attractive clothing, the demand for high-end zippers has increased. Growth in Worldwide Zipper Market Business possibilities and travel & tourism has resulted in increased baggage industry usage and growth, which drives the Global Zipper Market.
Zippers are also utilised in sporting goods, footwear, and camping equipment such as tents and sleeping bags, which is a major driving element. Developing economies, consumer demand for zippered products, and an increase in the number of manufacturing enterprises in Southeast Asia for garments, textiles, and fashion accessories are all driving the Global Zipper Market forward. New zipper advancements include flame-resistant zippers, chemical-resistant zippers, soft zippers, and printed zippers, all of which contribute to the Global Zipper Market's Growth. The need for luxury zippers has increased due to a preference for branded handbags, footwear, and luggage.
- YKK Corporation (Japan),
- Riri SA (Switzerland),
- YBS Zipper Group (South Korea),
- Kao Shing Zipper Co., Ltd. (Taiwan),
- Ideal Fastener Corporation (US),
- Coats Opti (Germany),
- SalmiOy (Finland),
- Max Zipper Co., LTD (Taiwan),
- Triple Power (Fujian) Zipper Co., Ltd. (China),
- HHH Zipper (South Korea),
- Keen Ching Industrial Co., Ltd. (Taiwan),
- SancrisLinhas e Fios Ltd (Brazil),
- Valiant Industrial Co., Limited (Taiwan),
- UCAN Zipper USA (US),
- Fujian SBS Zipper Science & Technology Co. Ltd. (China),
- JinjiangFuxing Zipper Co. LTD (China),
- YCC Zippers (China),
- WeiXing Co., Ltd (China)
- Wenzhou Great Wall Zipper Group Co., Ltd (China)
The demand for garments has dropped dramatically across the industry, indicating that clothing manufacturers will not be purchasing the usual amount of zippers or fabric pieces in the near future. From before the epidemic, the transaction has been observed to be between 30 and 60 percent lower. After the pandemic's effects have subsided, market suppliers are expected to see a slow return to normalcy.
Throughout the forecast period, the dynamic use of Zippers in a variety of apparel applications is expected to increase their demand for practical and design reasons.
The fashion industry's trends are directly influenced by differences in consumer needs. The increase in apparel spending is expected to support favourable growth in the Worldwide Zipper Industry.
In the projection period, the development of the textile industries in emerging regions is expected to open up new potential opportunities.
Alternative fasteners for clothing and other applications may limit the Zipper Industry's full potential.
The Global Zipper Market is divided into three categories:
Metal Zippers, nylon zippers, plastic zippers, and other types of zippers are available.
The product segment gives data on each product's market share as well as its respective CAGR throughout the predicted period. It delivers in-depth market insights by laying out information about product price factors, trends, and profits. It also highlights the most recent product advances and market innovation.
In 2018, Asia Pacific held a 40.03 percent share of the global market, and the region's market is expected to grow at the fastest rate of 8.24 percent over the projected period. China is a significant market in the area, with the biggest expected market share over the review period. Clothing production has increased in the region, with the textile sector booming in recent years. This is projected to increase the Zipper Market's Growth throughout the forecast period.
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