Zipper Market Size is Expected to Reach USD 24 Billion By 2028, and it will grow at a 8.2% CAGR during the Forecast Period 2021-2028.
$24 Billion
8.2%
Asia-Pacific
2021 - 2028
In 2020, the global zipper market was estimated to generate a market size of around USD 15.5 billion. However, the global market zipper has been projected to expand the market size to USD 24 billion by the end of the year 2028. Further, the global market for zippers is predicted to achieve market value at a CAGR of 8.2 % during the assessment period of 2021 to 2028.
The rising fashion and clothing industry is projected to grow the global zipper market throughout the forecast period. For instance, the growing disposable income is estimated to thrive the global market growth in the assessment period. However, the availability of alternatives like contemporary, magnetic, and snap buttons is expected to hinder the global market growth during the forecast period.
As per the global zipper market analysis, the present market has been segmented based on product type, application, and material type. Further, the product type segment has been divided into two types such as open-end and close-end. In terms of the application segment, the global market for zippers has been classified into apparel, shoes, bags, and others. Based on the material type segment, the global market for zippers has been segregated into coil, metal, and molded plastic. Regionally, the Asia Pacific market for zippers is projected to dominate the global market by generating the largest market share throughout the assessment period.
Covid-19 analysis
Covid-19 pandemic adversely affected the global zipper market. The poor performance of the fashion and clothing industry led to a rapid fall in the demand for zippers. Moreover, the closure of production units to curb the virus spread led to a drastic reduction in the production rate of zippers. The zipper industry was also affected by the shortage of labor and capital during the period. However, the market is expected to show a quick recovery after the relaxation of restriction measures globally.
Market Dynamics
Drivers
The significant growth of the apparel industry is driving the growth of the global zipper market. The apparel industry is a major end-user industry of zippers. There is a huge demand for zippers in the clothing industry both for functional and for design purposes. Therefore, the growing clothing and fashion industry along with the rising disposable income of people is contributing to the growth of the global zipper market.
Zippers have different irreplaceable applications in a wide range of industries that sustain the market demand. The growing demand from the luggage and bags manufacturing industry is also fuelling the market growth. Moreover, the changing fashion trends may generate huge demand for zippers in the coming times.
Restraints
The availability of alternatives is the major factor hindering the growth of the global zipper market. The zipper alternatives like contemporary buttons, snap buttons, magnetic buttons come into trend sometimes, thereby affecting the global demand for zippers.
Technology Analysis
A zipper is a device used to bind the edges of an open part of any flexible material like clothes, bags, etc. It is the most convenient system for frequent closing and opening of bindable edges. It is widely used as a fastening constituent in luggage, clothing, apparel, etc.
A zipper system consists of three major components namely: slider, elements, and tape. Tape is usually made of polyester or and helps in holding elements and sliders. Elements, also known as teeth, are arranged on the edges of the opening. These teeth engage and disengage when the slider moves up and down, leading to the opening and closing of the system. The slider is a device with a y shaped channel to join or separate the elements.
Study Objectives
The specific objectives of this market report on the zipper market are given below:
Segment Analysis
By Product Type
The Open-end zippers assist in the complete separation of two edges like in jackets. Whereas closed zippers only allow partial separation of edges. In closed-end type, the zipper stops at one of the ends where two side edges meet. The two-way zippers are a modification of closed-end zippers as it has two sliders stopping at both of the meeting points of the side edges.
By Material Type
Metals are the most popular zipper manufacturing materials. These zippers are durable and come in various gauge sizes. Metal zippers can be of different metals like aluminum, gunmetal, nickel, antique nickel, and brass. These zippers are popular for having fashion and aesthetic significance.
However, molded plastic zippers are also occupying a significant market share. The recent developments in plastic zipper technology are successful in developing cost-friendly and durable zippers from plastic.
By Application
Zippers are an essential component of different apparel. They are used for the fastening of two edges hence enabling easy wearing of clothes. Zippers are commonly used in jackets and jeans.
However, Zippers are an important component of bags and luggage too. They help with temporary closing and opening of luggage and ensure the safety of the contents inside.
Regional Analysis
The different regional markets for the global zipper market are:
Americas
- North America
- South America
Europe
Asia-Pacific
Rest of the world ( RoW )
Asia-Pacific is the largest regional market for zippers. The huge zipper manufacturing base in China, India, Japan, Korea, Bangladesh directly contributes to the market growth. Moreover, this region is also a major manufacturing hub of textiles which are the largest end-users of zippers. Furthermore, a high population and growing demand for fashionable items are generating the demand for zippers.
Europe is the second-largest market for zippers after Asia-Pacific. The luxury apparel and luggage manufacturing industry accounts for most of the demand. Germany is the largest sub-segment in the European region generating huge demand.
The American segment also accounts for a significant share in the global zipper market. The Clothing and Fashion industry accounts for most of the demand. The high disposable income of people for clothing and fashion items will likely fuel the market growth in this region.
The Middle East segment is also witnessing a significant demand for Zippers. The changing fashion trends and growing working-class population will lead to market growth in this region. The African segment is expected to grow at a moderate rate over the forecast period.
Competitive Landscape
The major global companies playing a key role in the zipper market are :
There are many prominent market players involved in the market for zippers, such as Salmi Oy (Finland), Triple Power (Fujian), Zipper Co., Ltd. (China), Max Zipper Co., LTD (Taiwan), Keen Ching Industrial Co., Ltd. (Taiwan), HHH Zipper (South Korea), and others. In September 2020, the leading Japanese fastening systems manufacturing company, YKK, launched its zipper with the technology of Polygiene’s ViralOff®. The product development promise to treat and reduce 99% of viruses in 2 hours.
Intended Audience
This report will be beneficial for every stakeholder of the zipper market such as :
Report Overview
This report from Market Research Future provides an in-depth analysis of the zipper market in terms of current value and future forecast. This report has also highlighted the problems and prospects of the given market. Moreover, the technological analysis section of the report will help in understanding the product and its market prospects. Furthermore, this report contains a detailed analysis of different market segments for the current forecast period. This report has also identified the key players and the current developments in the zipper market.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 24 billion |
CAGR | 8.2% CAGR (2021-2028) |
Base Year | 2020 |
Forecast Period | 2021- 2028 |
Historical Data | 2020 |
Forecast Units | Value (USD billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Product Type, Material Type, Application |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | YKK Corporation ,Riri SA ,YBS Zipper Group ,Kao Shing Zipper Co., Ltd.,Ideal Fastener Corporation ,Coats Opti ,Salmi Oy ,Max Zipper Co. LTD ,Triple Power ,HHH Zipper ,Keen Ching Industrial Co., Ltd. ,Sancris Linhas e Fios Ltd.,Valiant Industrial Co., Limited |
Key Market Opportunities | Growth Of The Apparel Industry In Emerging Markets |
Key Market Drivers | Widespread Application In Various Products, Changing Fashion Trends |
Zipper market CAGR would be 8.2% during the forecast period.
Zipper market valuation would be USD 24 Billion by 2028.
Alternatives like buttons, buckles, hooks, and hooks and loops can deter the growth for zipper market.
The apparel segment would dominate zipper market with a projected valuation of USD 7887.86 million by 2024.
The APAC region would dominate the zipper market. It had a market share of 40.03% in 2020.