Zippers Market Description
The global market for zippers is estimated to reach $14.8 billion by 2020 while growing at a continuous CAGR of 8 to 9 percent. The Asia Pacific is the largest manufacturer of zippers, followed by Europe and North America. The demand for zippers is driven the mostly by the apparel industry, which constitutes 35 percent of the zipper demand market. A majority of end-users are becoming brand-conscious and fashion-oriented, which has increased the demand for high-quality branded zippers. Demand from the automobile sector has also been increasing (15 percent), particularly in the flame retardant zippers that are utilized in seat covers and other upholsteries. The luggage sectors is another major demand application (13 percent), which includes handbags, school bags, laptop backpacks, purses, followed by the upholstery segment (12 percent).
There has been a shift of manufacturing to destinations like Cambodia, Bangladesh, Laos, and Myanmar due to import tariffs which cause lower prices in production. The report also provides the regional market outlook of zippers in areas such as the APAC, North America, and Europe, followed by an overview of drivers and constraints impacting the global market.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.