Views: 306 Author: Site Editor Publish Time: 2022-06-12 Origin: Site
Zipper is an essential fastening product and has become an indispensable part of our lives. From clothing, sports and camping equipment to luggage, zippers make life easier for consumers. The convenience and ease of use provided by zippers have led to the rapid growth of the global zippers market. Let's take a look at the trends that are worth paying attention to in the zipper market in the next few years.
Global zipper market development
The global zipper industry will grow at a compound annual growth rate of 7.64% between 2020 and 2024, reaching USD 16.96 billion. This will be driven by several factors such as the growth of the textile industry, sports equipment and consumer lifestyle changes, all of which will have a positive impact on the industry. The main contribution to the growth of the zipper market will be led by the textile industry, which sees the wide application of zippers in the field of apparel and apparel.
Insight into the global zipper market
The use of zippers is not limited to any specific area of the world. The demand for zippers in all continents of the world is consistent. This has prompted global players to set up factories in multiple countries, which not only helps to improve the cost-effectiveness of the zipper, but also ensures that the zipper can be quickly shipped to nearby areas.
The Asia-Pacific region occupies a dominant position, with a market share of 40.03% in 2018. Followed by Europe and North America. The Asia-Pacific region will continue to dominate, with a compound annual growth rate of 8.24% during the forecast period. China's efficient manufacturing facilities and India's high consumer demand in the apparel sector will ensure that the demand for zippers in the Asia-Pacific region will not weaken.
Application of zipper
Zippers are widely used in four popular market segments-clothing, luggage, sports and camping equipment. Among them, the apparel zipper market is considered to be the highest source of income in the global zipper industry. Zippers are used for pockets, cuffs, jackets, and also to enhance the appearance of clothing.
It is estimated that by 2022, the apparel industry will grow at a compound annual growth rate of 11.8%, reaching USD 1,182.9 billion. As emerging fashion trends subscribe to the use of zippers, the apparel market segment in the zip industry will have the highest market share, with a compound annual growth rate of US$7.89 billion by 2024.
We are one of the largest zipper and button manufacturers in China. The strong and optimistic outlook of the global zipper market will help us expand our business operations. We pay close attention to market development, which helps us provide quality products that can meet consumer needs. If you need any metal zippers for jackets, metal zippers for handbags, nickel zipper or custom metal zipper pulls, please contact us in time.