Zipper Market

Zipper Market Industry Overview:

A zipper can be defined as a device which is used to open and close parts of bags, clothes and shoes. It consists of two rows of plastic or metal which fasten or separate together as the person pulls a small tag along them. The global Zipper market was valued at around USD 13.2 billion in 2022 and is expected to register a CAGR of 7.6% during the review period to reach to around USD 23.6 billion by end of 2030.

Market Segmentation:

Based on product type, the global zipper market has been categorized into close-end and open-end. The close-end segment accounted for the largest market share in 2020 and is expected to register significant growth during the review period. The segment growth can be attributed to widespread demand for close-end zippers in various end-use industries. Close-end zippers are defined as the ones which have a stopper on the end to stop the zip pull from opening completely. The open-end segment is projected to register healthy growth during the review period.

Based on material type, the global zipper market has been segregated into metal, coil and molded plastic. The metal segment accounted for the largest market share in 2020 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to rising product demand in the end-use industries. Metal zipper can be defined as the two continuous rows of metal teeth protrusions which are meshed together to separate or close the zipper.  The molded plastic segment is expected to register healthy growth during the review period. Plastic molded zippers are made using acetal polymer which is extruded through a mold to shape the teeth.

Based on application, the global zipper market has been segmented into apparel, bags, shoes and others. The apparels segment accounted for the largest market share in 2020 and is expected to grow at a significant CAGR during the review period. The segment growth can be attributed to significant growth of the clothing and apparel industry. Changing fashion trends is likely to propel the growth of the apparel industry significantly and thus, zippers.  The bags segment is expected to grow at a healthy CAGR during the review period. The segment growth can be attributed to presence of various bags manufacturers coupled with high product demand across geographies.

Market Dynamics and Factors:

The growth of the global zipper market is primarily driven by widespread product usage across applications including bags, apparel, and shoes among others. In addition to this, rising product demand in products such as footwear products, camping gear and sporting goods is likely to propel the global zipper market growth at a significant rate during the review period. Increasing spending on branded and fashionable apparel and shoes in the developing countries coupled with rising per capita disposable income of the consumers is likely to boost the product demand substantially during the review period.

Growing demand for innovative, flame-resistant, chemical resistant and soft zippers is likely to create lucrative opportunities for the players operating in the global zipper market during the forecast period.

Geographical Analysis:

Geographically, the market has been segregated into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. The market in Asia-Pacific region accounted for the largest share in global zipper market in 2020 and is expected to grow at a significant CAGR during the review period. The regional market growth can be attributed to presence of established textile and apparel industry particularly in the developing countries such as India and China. Increasing consumer spending on fashionable and branded clothing and bags is likely to boost the product demand further. In addition to this, rising consumer interest in sports games has surged the demand for sports shoes, which, in turn is likely to bolster the global zipper market growth at significant rate during the review period.

The market growth in North America region is expected to be driven by strong presence of apparel and shoes industries particularly in the US.  Growing emphasis on development of innovative and chemical resistant zippers is likely to propel the zipper market growth at a significant rate during the review period.

The European market is expected to grow at a considerable CAGR on account of presence of strong presence of the end-use industries s. The key countries propelling the regional market growth includes Germany, UK and France. Germany dominated the market share in the region. Rising demand for premium apparels is likely to propel the market growth substantially during the review period.

The market in Latin America and the Middle East & Africa is expected to be driven by increasing product demand across verticals coupled with rising per capita disposable income and changing fashion trends.

Zipper Market Report Scope

Key Market Segmentation

Global Zipper Market - By Product Type

 o   Close-End

 o   Open-End

Global Zipper Market - By Material Type

 o   Metal 

 o   Coil

 o   Molded Plastic

Global Zipper Market - By Application

 o   Apparel

 o   Bags

 o   Shoes

 o   Others

Global Zipper Market - By Region

North America

 o   US

 o   Canada

 o   Mexico

Europe

 o   Germany

 o    UK

 o    France

 o    Italy

 o   Spain

 o   Russia

 o   Benelux

 o   Nordics

 o   Rest of Europe

 Asia-Pacific

 o    China

 o    India

 o    Japan

 o    South Korea

 o    Rest of Asia-Pacific

 Middle East and Africa

 South America