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Coil Zipper Market REPORT OVERVIEW
The global coil zipper market size was USD 12500 million in 2018 and the market is projected to touch USD 16400 million by 2025, exhibiting a CAGR of 3.5% during the forecast period.
A coil zipper is a type of zipper commonly used in various applications, including clothing, bags, outdoor gear, and more. It consists of two long, flexible strips, often made of fabric tape, with a continuous coil or spiral of nylon or polyester teeth that interlock to fasten the zipper
The market for coil zippers is projected to expand exceptionally with a significant CAGR over this projection period. The dynamic demands of the fashion industry and evolving consumer preferences are expected to be key driving factors. The expansion of the global travel and tourism industry, coupled with the popularity of outdoor activities, drives the need for durable and functional coil zippers in luggage, sportswear, and outdoor gear. Also, e-commerce platforms provide a broader market reach, while continuous innovation in design and technology, such as smart functionalities and sustainable practices, aligns with changing consumer expectations. Furthermore, urbanization, rising disposable incomes, and a focus on customization are further anticipated to contribute to the market's positive trajectory. However, the market growth is likely to be restricted due to fluctuation in raw material prices in this forecast.
COVID-19 Impact: Descended Production and Demand for Non-Essential Good Halted Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. The market for coil zippers faced challenges during to pandemic due to the lockdown restrictions on the manufacturing industry. The decreased production and demand for non-essential consumer goods curbed the demand for coil zippers. Consequently, the market experienced a decay in demand and revenue during the pandemic. While the industry may eventually recover as the situation improves, the immediate impact of COVID-19 was predominantly negative for the global market.
LATEST TRENDS
"Adoption of Sustainable Practices to Fortify Market Outlook"
The market for coil zippers has seen various trends however, sustainability is one of the latest emerging trends that changing the market dynamics. The sustainability trend in the zipper industry, including coil zippers, reflects a heightened awareness of environmental concerns and a commitment to responsible manufacturing practices. Manufacturers are increasingly prioritizing eco-friendly materials which embrace recycling initiatives, and implementing sustainable production processes to align with consumer preferences for environmentally conscious products. This trend involves a shift toward using recycled plastics or other sustainable materials in the manufacturing of coil zippers, reducing the reliance on virgin resources. Additionally, efforts are being made to enhance recycling capabilities that make it easier for consumers to responsibly dispose of and recycle their zipper products. As sustainability continues to be a key focus, zipper manufacturers are playing a crucial role in shaping a more environmentally friendly and socially responsible industry.
Coil Zipper Market SEGMENTATION
By Type
Based on type the global market can be categorized into Nylon Zipper, Plastic Zipper, and Others
- Nylon Zippers: Nylon zippers are made from woven nylon tape with moulded plastic or metal teeth.They provide a smooth sliding action due to the flexibility of the nylon coil or chain. They are versatile and can be used in various products, including clothing, bags, and accessories. Nylon zippers are relatively lightweight, which is advantageous in applications where minimizing weight is important.
- Plastic Zippers: Plastic zippers are made from moulded plastic teeth attached to fabric tape, and are often more cost-effective than metal zippers which makes them a popular choice for budget-friendly products. They are not susceptible to corrosion, which can be beneficial in certain environments, and are commonly used in casual wear, children's clothing, bags, and various everyday items.
By Application
Based on application the global market can be categorized into Luggage & Bags, Sporting Goods, Camping Gear, and Others.
- Zippers play a vital role in the luggage and bags sector where it provides secure closures for various types of bags. In the sporting goods industry, zippers are essential for athletic apparel, footwear, and equipment bags, contributing to functionality and flexibility. Camping gear relies on zippers for tents, sleeping bags, and backpacks, requiring durability and weather resistance. The market dynamics involve a balance between trends in fashion, outdoor recreation, and a growing emphasis on sustainability influences zipper design and materials to meet evolving industry demands.
DRIVING FACTORS
"Growing Demand in Apparel Industry to Upsurge Market Growth"
The apparel industry is a significant driver of the coil zipper market growth. As fashion trends evolve, the demand for innovative and stylish zipper solutions in clothing continues to rise. Coil zippers, known for their flexibility and smooth operation, are preferred choices for various apparel applications. Their versatility allows designers to incorporate them seamlessly into diverse clothing styles, ranging from casual wear to high-end fashion and the continuous evolution of fashion trends propels the demand for coil zippers.
"Rising Demand in Luggage and Bags to Spike Market Expansion"
Along with this, increased travel and a growing interest in luggage and bags are also anticipated to contribute to the demand for coil zippers in this sector. Consumers seek reliable and durable zipper solutions for their travel gear. As consumers prioritize durability and reliability in their travel gear, the demand for high-quality coil zippers remains on the ascent which makes them indispensable components in the luggage and bags industry. Therefore, these key factors are projected to accelerate the growth of the market in this forecast period.
RESTRAINING FACTOR
"Fluctuating Raw Material Prices Can Thwart Market Potential"
However, the coil zipper market is sensitive to fluctuations in raw material prices, particularly the materials used for zipper teeth and tapes. Unpredictable material costs can impact the profitability of manufacturers and potentially lead to increased product prices which can be a restraining factor for the potential growth of the market.
Coil Zipper Market REGIONAL INSIGHTS
"Asia Pacific Dominates the Market due to Robust Apparel and Textile Industries"
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, Middle East, and Africa.
The Asia Pacific region is poised to dominate the coil zipper market due to its status as a global manufacturing hub, particularly in countries such as China and Taiwan. The robust growth of the apparel and textile industry, coupled with rising consumer spending and an increasing middle class consumer base, fuels the demand for innovative and reliable coil zippers in clothing, accessories, and travel gear. As per market research, the region accounts for the largest coil zipper market shares in terms of market revenue. In addition to this, the region's cost advantage in manufacturing, rapid industrialization, and strategic investments by global zipper manufacturers further contribute to its market dominance. As well as the growing e-commerce sector also facilitates market visibility and accessibility which boost the market growth.
KEY INDUSTRY PLAYERS
"Key Players Emphasis on Collaborations and Strategic Partnerships to Access New Markets"
Prominent companies such as YKK, RIRI, YBS Zipper, KAO SHING ZIPPER, IDEAL Fastener, Coats Industrial, and other implement diverse strategies to beat the competition in the coil zipper market. They focus on continuous innovation in design and technology, offering a broad product portfolio tailored to different industries. Quality assurance and durability, coupled with global expansion and market reach, contribute to their success. Maintaining strong customer relationships, managing costs efficiently, and incorporating environmental sustainability practices further enhance their competitive position. These companies also engage in strategic partnerships, brand building, and adaptation to market trends to ensure they stay ahead in a dynamic and evolving coil zipper market.
List of Market Players Profiled
- YKK (Japan)
- RIRI (Switzerland)
- YBS Zipper (China)
- KAO SHING ZIPPER (Taiwan)
- IDEAL Fastener (U.S.)
- Coats Industrial (U.K.)
- SBS (China)
- 3F (Turkey)
- YCC (China)
Industry Development
In 2023, NATULON introduces a game-changer in zipper technology with the cutting-edge NATULON Plus zipper, placing a strong emphasis on user convenience. Through meticulous design optimization of both the zipper chain and slider, this innovation brings about a remarkable 50% reduction in operating force compared to standard size 3 coil zippers. Tailored for pocket applications, the NATULON Plus zipper offers seamless single-handed operation. The tape, teeth, cord, and thread are crafted entirely from recycled PET materials, setting a new standard for eco-conscious zipper solutions.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 12500 Million in 2018 |
Market Size Value By |
US$ 16400 Million by 2025 |
Growth Rate |
CAGR of 3.5% from 2018 to 2025 |
Forecast Period |
2022-2025 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the coil zipper market expected to touch by 2025?
The global coil zipper market is expected to reach USD 16400 million by 2025.
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What CAGR is the coil zipper market expected to exhibit by 2025?
The coil zipper market is expected to exhibit a CAGR of 3.5% by 2025.
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Which are the driving factors of the coil zipper market?
Growing demand in the apparel, luggage, and bags industry is of the driving factors of the coil zipper market.
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What are the key segments of the coil zipper market?
The coil zipper market segmentation that you should be aware of, which includes, based on the type of the coil zipper market is classified as nylon zipper, plastic zipper, and others. Based on application the coil zipper market is classified as luggage & bags, sporting goods, camping gear, and others