Zipper Market Size, Share & Industry Trends Analysis Report By Mode of Operation & Product Type
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| Zipper Market |
Zipper Market Overview:
The zipper is a device that helps close and open parts of
clothes and bags. It binds and holds the edges of bags to be easily opened and
closed conveniently. The fast and secure ways of opening a bag help the
consumers manage time and give a more convenient and fashionable way of using
the bags. They have become quite outspread with the fast and easy usage of all
the bags over the ones with hooks, buttons, or fastener solutions. This has
eventually led to the increasing production and consumption of luggage, travel,
and domestic bag with zippers. The sporting goods and the footwear economies,
in particular, had shown enormous growth as far as the zipper industry was
concerned.
Zipper
Market Size is Expected to Reach USD 25,142.34 Million By 2030, and
it will grow at a 7.76% CAGR during the Forecast Period 2022-2030.
The major driving factor of the Zipper Market is consumers'
increasing usage of zip-based clothing bags. The increasing demand for fashion
leads manufacturers and retailers to produce more zipper bags that stand well
in fashion. The brand name matters. The zipper mechanism is also used in the
footwear industry besides the bags. The usage and acceleration of the soft
zippers and chemical resistant zippers, along with the printed and preference
zippers, have been driving the Zipper Market.
Additionally, the innovations of multiple zipper facilities
in the bags have increased the convenience of luggage carriages. Urbanization
and the ever-growing demand for more enhanced and premium bags drive the market
the most. The pandemic, like any other industry, had its part of the effect on
the Zipper Market. The impositions put forward by the government made certain
and subtle changes in the entire marketing department of the same. As a result,
there was a severe downfall in the market's expansion and the accessories
sector. The demand for the market had greatly and rapidly declined to challenge
the market in the forecast period.
Top Key Players:
There are many prominent Zipper market players involved in
the market for zippers, such as Salmi Oy (Finland), Triple Power (Fujian), Zipper
Co., Ltd. (China), Max Zipper Co., LTD (Taiwan), Keen Ching Industrial Co.,
Ltd. (Taiwan), HHH Zipper (South Korea), and others. In September 2020, the
leading Japanese fastening systems manufacturing company, YKK, launched its
zipper with the technology of Polygiene’s ViralOff®. The product development
promise to treat and reduce 99% of viruses in 2 hours.
Regional Analysis:
Increased consumption of zipper bags in countries like the
UK, the US, and developing countries like India has increased the requirement
for zippers. This means that Zipper Market is globally spread over the areas of
the North America parts of Asia-Pacific like China and Japan, and Europe.
Market Segmentation:
The Zipper
Market Overview is segmented into the types and applications
according to market expectations.
The market is segmented into nylon, plastic, and metal
zipper, depending on the types. Depending upon the luxury market estimation,
these departments are further sub-segmented into more segments.
Depending upon the end-use, the Zipper Market is segmented
into the pieces of luggage, bags and sporting goods, and camping gear.
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