Zippers Market Size, Share, Growth, And Industry Analysis, By Type (Metal Zipper, Nylon Zipper and Plastic Zipper), By Application (Garment, Luggage and Bags, Sporting Goods and Camping Gear), Regional Forecast From 2024 To 2031

Updated On: 08 April 2024

Zippers Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global zippers market size was USD 13850 million in 2021 and the market is expected to reach USD 29103.78 million in 2031, with a growing compound annual growth rate (CAGR) of 7.71% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with zippers experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

An object called a zipper is used to open and close sections of clothing and bags. It serves as a fastening element to tie the edges of materials that have been opened or other flexible materials, such bags. Along with luggage and bags, it is frequently used to tie and secure pants. In comparison to hooks, buttons, and other fastener options, zippers are by far the most widely used and desired fastener.

It is anticipated that the global market for fasteners will expand significantly. Industries have introduced new technology as a result of robust industrialization. The garment sector, which is a key component in the growth of the worldwide zipper market, has been spurred by extensive industry evolution. Additionally, the worldwide zipper market has been fueled by an increase in disposable income. The demand for premium zippers has also expanded as customers in developing economies spend more money on branded and stylish clothing. The expansion of international trade and tourism opportunities has increased the need for the growth of the luggage sector, which in turn fuels the expansion of the world zipper market.

COVID-19 Impact: Reduced Purchasing Power Due to the Pandemic to Hamper Market Growth

The epidemic significantly disrupted the market by altering consumer purchasing behavior. Within days, it became difficult to find toilet paper, shelf-stable food and drink, and cleaning supplies in some places. The consumer products sector is becoming increasingly impacted by sustainability. Demand for consumer items made ethically and ecologically is rising. The coronavirus pandemic has had an impact on small and medium-sized enterprises. However, it has helped the e-commerce sector. The expanding use of zippers in several applications is causing the market to expand.

Latest Trends

"The Trend of Customized Zipper to Attract Consumers"

The continued trend of customized zipper is one of the main factors contributing to the growing market share of zipper. Manufacturers of zipper place a strong emphasis on tailoring their products to the needs of customers. There are more chances for the worldwide zipper market as a result of the growing need for affordable, high-quality zipper, particularly in the apparel industry.

Zippers Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into metal zipper, nylon zipper and plastic zipper.

In terms of product, metal zipper is the largest segment.

• By Application Analysis

Based on application, the market can be divided into garment, luggage and bags, sporting goods and camping gear.

In terms of application, garment is the largest segment.

Driving Factors

"Usage of Zippers in Footwear to Augment Market Growth"

Another significant driving force is the widespread usage of zippers in footwear, camping gear, and recreational items like tents and sleeping bags. The consumption of goods with fasteners, rising economies, and an increase in the number of garment, textile, and fashion accessory manufacturing businesses in Southeast Asia are the main drivers propelling the growth of the worldwide zipper market. Flammable fasteners, chemically resistant fasteners, soft fasteners, and printed fasteners are recent breakthroughs in the zipper market that also contribute to the growth of the global zipper market. The need for high-end zipper has expanded due to consumer preference for branded purses, shoes, and luggage.

"Demand for Premium Zipper to Uplift Market Profile"

It is anticipated that the global market for zipper will expand significantly. Industries have introduced new technology as a result of robust industrialization. The garment sector, which is a key component in the growth of the worldwide zipper market, has been spurred by extensive industry evolution. Additionally, the market has been fueled by an increase in disposable income. The demand for premium zipper has also expanded as customers in developing economies spend more money on branded and stylish clothing. The expansion of international trade and tourism opportunities has increased the need for the growth of the luggage sector, which in turn fuels the expansion of the world zipper market.

Restraining Factors

"Chain Teeth Fasteners to Impede Market Expansion"

In comparison to other forms of zipper, the chain teeth are simpler to shift and fall off. They cost more than other types of zippers due to the high cost of raw materials. Among them, copper zipper of the same type are slightly stronger than aluminum zipper. This is anticipated to constraint zippers market growth

Zippers Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"Asia Pacific to Dominate the Market Due to Numerous Manufacturers"

The majority of zipper are currently produced in Asia Pacific and the region owns largest zippers market share. The company is the largest domestic producer by volume, producing 1.4 billion sliders and 80 million fasteners a month at five production centers spread across the nation. Asia Pacific is the world's leading producer of zipper, and it also excels at manufacturing and selling other fastening items including snaps and buttons, webbing, hook and loop, systems for self-closing tape, and metal and plastic accessories like clips and buckles.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Major market participants in the zipper industry are vying for market share in terms of price, quality, and innovation. Manufacturers in the organized sector compete primarily on the basis of brand quality, while those in the unorganized sector compete on the basis of lower prices. Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• CMZ Zipper (Wuxi) Co., Ltd. (China)
• YKK Corporation (Japan)
• IDEAL Fastener Corporation (U.S.)
• Hang Sang Zipper Co. Ltd. (Hong Kong)
• KCC Zipper Group (Vietnam)
• Max Zipper Co., Ltd. (Taiwan)
• ZIP Industries Limited (China)
• EMR Fermuar Tekstil ve Aksesuar (Turkey)
• Olympic Zipper Ltd. (India)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.