Zipper Market is driven by growing demand from the fashion industry with a healthy CAGR of 7.76% during the forecast period of 2022 to 2030
Research Reports
Apr 13, 2023
Zipper Market Insights
According to MRFR analysis, the global Zipper Market is expected to register a CAGR of 7.76% from 2022 to 2030 and hold a value of over USD 25,142.34 by 2030.
The term “zipper market” is not commonly used in the business or retail industry. However, it can be assumed to refer to the market for zippers, which are fasteners used in clothing, bags, and other products to connect two pieces of fabric or material. The zipper market includes the manufacturers, distributors, and retailers of zippers, as well as the end consumers who purchase and use them in their products. The market size and demand for zippers can be influenced by factors such as fashion trends, consumer preferences, and the production and availability of clothing and other products that use zippers.
The COVID pandemic has disrupted supply chains and caused changes in consumer behavior that have affected demand for zippers. On the supply side, the pandemic has led to temporary closures of factories and disruptions in the transportation of goods, which has affected the production and delivery of zippers. Some manufacturers have also had to adapt to new safety measures and social distancing protocols, which may have slowed down production.
On the demand side, the pandemic has led to changes in consumer behavior and fashion trends. Many people are now working from home and have less need for dressy or formal clothing, which may have reduced the demand for zippers on these types of garments. At the same time, there has been an increase in demand for casual wear and loungewear, which may have led to an increase in demand for zippers on these types of garments.
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Regional Analysis
The largest geographic market for zippers is in Asia-Pacific. A primary factor in the market expansion is the sizeable zipper production bases in China, India, Japan, Korea, and Bangladesh. Moreover, this area is a significant center for the production of textiles, the main market for zippers. The need for zippers is also being driven by a large population and an increase in the demand for trendy clothing.
After Asia-Pacific, Europe is the region with the greatest market for zippers. The majority of the demand comes from the manufacture of upscale clothing and baggage. The largest sub-segment in the European continent, Germany, generates enormous demand.
The US market sector has a sizable portion of the overall zipper market. The majority of the demand comes from the clothing and fashion industries. The high level of disposable income for clothes and fashion goods in this region is projected to drive market expansion.
Market Segmentation
The Global Zipper Market has been segmented into Product Type, Material Type, and Application
Based on the Product Type, the market has been segmented into Close-End, Open-End.
Based on the Material Type, the market has been segmented into Metal, Coil, and Molded Plastic.
Based on the Application, the market has been segmented into Apparel, Bags, Shoes, and Others.
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Key Players
Some of the key market players are YKK Corporation, Riri Group, SBS Zipper, Kao Shing Zipper Co Ltd, MAX Zipper Co Ltd, Coats Group plc, UCAN Zippers USA, and Lenzip Manufacturing Corp.
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