The Global Market for Zippers is Projected to Reach US$13.7 Billion by 2020

Strong Demand for Apparel, Footwear & Luggage Drives the Global Zippers Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Zippers. The global market for Zippers is projected to reach US$13.7 billion by 2020, driven by the strong production and sales of apparel, luggage, and footwear.

Zippers are indispensable fastening devices ubiquitous in the textile, apparel, fashion, footwear, furnishing, automotive and travel gear industries. Virtually every piece of garment has zip fasteners to secure them in place. From pants, jackets, boots, tents, backpacks, luggage, to purses, handbags, wallets, and pencil cases, zippers are ubiquitously used, making it an indispensable part of everyday life. Recovering demand in the apparel, luggage and footwear industries as a result of growing GDP, changing lifestyles, heightened fashion consciousness, rising standards of living, and increasing disposable income, is helping drive growth in the market.

Continued innovation in aesthetic and mechanical design and functionality is also expected to spur growth in the market. Air tight, waterproof and flame-resistant zippers are opening up new avenues for growth in the market. Airtight zippers are extremely useful in the design and production of completely airtight suits for astronauts and aircrew. Similarly, waterproof zippers are analogous to airtight zippers and are used in waterproof products such as immersion suits that keep divers and scuba divers dry and warm in cold waters. Manufacturers are also customizing products based on specific requirements of clients by offering zippers, zipper pullers, sliders and tapes in various colors and finishes in order to suitably match the end-product. In addition, the growing prominence of exposed zippers as a hot fashion trend is benefiting growth in the apparel industry. A key technology advancement offering significant growth opportunity is the replacement of metallic zippers with plastic zippers that require lesser maintenance. Although metal zippers are firm, strong, and durable, they are susceptible to corrosion when exposed to oxides and chemicals. Apart from corrosion, metal zippers are heavy and add to the overall weight of the garment, luggage or accessory.

As stated by the new market research report on Zippers, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 8.8% over the analysis period. Growth in the region is led by healthy GDP gains, rising standards of living, increasing disposable income, growing population and a parallel rise in demand for textile and apparel. Strong automobile production in the region is encouraging use of zippers, especially flame retardant spiral zips, for seat covers and other vehicle upholstery systems.

Key players covered in the report include CMZ Zipper (WUXI) Co. Ltd., Coats Plc., EMR Fermuar Tekstil ve Aksesuar, Fujian SBS Zipper Science & Technology Co. Ltd., Giovanni Lanfranchi S.p.A., Hang Sang Zipper Co. Ltd., IDEAL Fastener Corporation, Jinjiang Fuxing Zipper Co. Ltd., KCC Zipper Group, Max Zipper Co. Ltd., Olympic Zippers Ltd., Sea-Cheng Enterprise Co. Ltd., Talon International Inc., Tex Corp Limited, YKK Group, and ZIP Industries Limited, among others.

The research report titled “Zippers: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections in US dollars by major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.