Zipper Market Infographics Description
- The global zipper market is estimated at US$ 7,542.6 Mn in 2020.
- Global zipper market is projected to reach US$ 12,641.3 Mn in 2030 at a CAGR of 5.4% from 2021 to 2030.
- Amongst product type, the open-end segment in the global zipper market is estimated to account for a majority revenue share of 38.1% in 2020 end, owing to increasing demand for open-end zippers in apperal industry for manufacturing cardigans, sweatshirts, jackets, sweaters, etc.
- Among all the material type, metal is expected to register the highest CAGR of over 5.6%, followed by plastic segment.
- Amongst application, the garments segment in the global zipper market is estimated to account for a majority revenue share of 35.6% in 2020 end, owing to emergence of strong and appealing brands, particularly catering to the millennial population is expected to boost sales of garments across various regions.
- Companies profiled in the report are YKK Corporation, Coats Group plc, SBS, Fuxing Group, Talon International, Inc., KEE Zippers Corporation Limited, Tex Corp Limited, Toni Zippers, NEO Zipper Co., Ltd, WeiXing Co., Ltd. (SAB) and others.
Report Overview
As per the latest insights from Market.us, the global zipper market is projected to witness significant growth over the next decade. The market, currently valued at USD 13.6 billion in 2023, is expected to more than double and reach approximately USD 26.8 billion by 2033. This expansion represents a steady compound annual growth rate (CAGR) of 7.00% between 2024 and 2033.
This upward trend is fueled by increasing demand across various industries, including fashion, luggage, and outdoor gear. Zippers remain an essential component in countless products, and their versatility ensures they stay relevant even as consumer preferences evolve. Emerging markets are playing a key role in driving growth, with rising disposable incomes and a growing appetite for high-quality products boosting the demand for zippers.
A zipper is a device consisting of two flexible strips of fabric, each equipped with a row of metal or plastic teeth. When these strips are interlocked by a sliding piece (the slider), they form a continuous closure used in a variety of applications such as clothing, luggage, and other textile products. Zippers come in several types, including close-end, open-end, and others tailored for specific uses.
The zipper market is primarily driven by the robust growth of the apparel and fashion industry. The demand for functional and fashionable clothing, including sportswear and casual wear, significantly contributes to the extensive use of zippers. Additionally, the rising trend in outdoor activities has bolstered the demand for durable outdoor apparel, further stimulating the zipper market. The luggage and travel accessories sector also plays a crucial role, as increased travel boosts the need for reliable zippers in luggage products.
Market demand is influenced by the need for both aesthetic appeal and functionality in zippers. Close-end zippers dominate the market due to their widespread application across various industries. Metal zippers are particularly valued for their durability and are prominently used in luxury fashion and high-end outdoor gear.
The zipper market is witnessing significant opportunities through technological advancements and the growing emphasis on sustainability. Innovations such as smart zippers equipped with NFC chips and eco-friendly zippers made from recycled materials cater to the evolving consumer preferences towards sustainable and technologically integrated products. Moreover, the expansion of e-commerce has opened new avenues for zipper sales, with online platforms becoming increasingly popular for purchasing fashion and travel-related products.
Recent technological innovations have introduced multifunctional zippers that offer enhanced features like water repellency, heat resistance, and sustainability. Smart textiles are also becoming part of the zipper industry, with the integration of advanced materials that offer better performance and additional functionalities. This includes zippers that can change color with UV exposure or provide added security features for travel gear.
Key Takeaways
- The global zipper market is set to witness remarkable growth, reaching a projected market value of approximately USD 26.8 billion by 2033, up from USD 13.6 billion in 2023. This growth is fueled by a robust Compound Annual Growth Rate (CAGR) of 7.00% during the forecast period from 2024 to 2033.
- Close-end zippers dominate the market, holding a significant 64.5% share. Their popularity stems from their versatility, making them essential across industries like fashion, accessories, and luggage.
- Metal zippers account for the largest material segment, capturing a substantial 68.5% market share. Their unmatched durability and aesthetic appeal, especially in luxury fashion and outdoor gear, make them a preferred choice for premium applications.
- The garment industry remains the largest application segment for zippers, with a 35.6% share. Zippers are an indispensable part of everyday clothing and high-fashion items, driving consistent demand in this sector.
- North America holds the largest share of the global zipper market, commanding 42.3%. This dominance is driven by the region’s established fashion industry, high disposable incomes, and a strong demand for quality products.
- Europe follows with a notable 28.7% share, bolstered by its thriving luxury fashion sector and increasing consumer preference for sustainable and high-quality zippers.
Driver
Increasing Demand for Functional and Fashionable Apparel
The global zipper market is witnessing significant growth, primarily driven by the rising demand for functional and fashionable apparel. As consumers increasingly favor casual and athleisure wear, the need for high-quality zippers that blend functionality with aesthetic appeal has surged. This trend is supported by a growing awareness among consumers about sustainable fashion, which is pushing demand for eco-friendly zippers. Manufacturers are responding by developing innovative products such as waterproof, reversible, and recycled material zippers, enhancing both the utility and sustainability of their offerings.
Restraint
Intense Competition and Price Sensitivity
Despite the robust demand, the zipper market faces substantial challenges due to intense competition and price sensitivity among manufacturers. The industry is characterized by a high degree of competition, which often leads to pricing pressures, affecting profit margins. Additionally, fluctuations in the prices of raw materials further complicate pricing strategies and operational planning for zipper manufacturers. These factors collectively restrain the market’s growth, as companies must balance between cost-effective production processes and maintaining high-quality standards to stay competitive.
Opportunity
Expansion into Emerging Markets
The zipper market presents significant opportunities for expansion into emerging markets, particularly in regions with rising disposable incomes and increasing urbanization. Countries in Asia-Pacific, such as China and India, are rapidly growing markets due to their large populations and increasing consumer spending on apparel and accessories. Manufacturers can capitalize on this trend by introducing tailored products that cater to regional preferences and styles. Additionally, leveraging advancements in technology to improve production efficiencies can help companies establish a strong foothold in these burgeoning markets.
Market Challenge
Adapting to Technological Advancements
One of the main challenges in the zipper market is keeping pace with technological advancements. The industry is moving towards the integration of smart technologies, such as NFC chips and RFID tags, which add value to traditional zipper products by enhancing their functionality. However, adopting these technologies requires substantial investment in research and development, as well as updates to manufacturing processes. Companies must also navigate the complexities of integrating new technologies with existing systems, all while ensuring that they meet consumer expectations for innovation and performance.
Market Key Players
- YKK Group
- SBS Zipper
- Ideal Fastener Corporation
- Coats Group plc
- Riri Group
- Kao Shing Zipper Co., Ltd.
- UCAN Zippers USA
- Talon International, Inc.
- YBS Zipper Co., Ltd.
- Fujian SBS Zipper Science & Technology Co., Ltd.
- KCC Zipper Co., Ltd.
- Excella GmbH & Co. KG
