Global Zipper Market Outlook

  • The global zipper market was valued at $ 10.4 billion in 2016 
  • The market is forecasted to grow at a CAGR of 8-9 percent to reach $ 14.8 billion by 2020 
  • Asia Pacific is the largest Zipper manufacturing geography followed by North America and Europe 

zippers-global-market-size

  • The apparel industry is the key driver of zipper demand (35 percent). The end-users are becoming brand-conscious and fashion-oriented. Hence, there has been an increased demand for high-quality branded zippers and exposed zippers 
  • Demand from the automobile sector demand (15 percent) is increasing, especially the flame retardant types that are used in seat covers and other upholstery parts
  • The other major demand applications are from the luggage sector (13 percent), which includes handbags, laptop backpacks, school bags, purses, followed by the upholstery sector (12 percent) 
  • Army, marine, PPE, sportswear, and footwear (25 percent) contribute to the rest of the demand

Market Overview

  • The global zippers market is expected to grow at a CAGR of 8–9 percent through 2017 and it is estimated to grow up to $ 14.8 billion by 2020. Strong demand and production for apparels, luggage, and footwear will fuel the demand
  • There has been a manufacturing shift towards destinations like Bangladesh, Cambodia, Laos and Myanmar due to lower import tariffs which result in lower prices of products 
  • Some of the East African countries, such as Ethiopia, Kenya, Uganda and Tanzania,3 are emerging as potential sourcing destinations for apparel. The working-age population in this region will have the highest growth in the next 20 years, which is capturing the attention of several industries

Major Importers for Zippers: Global

  • Vietnam has been the largest importer of zippers for the last two years 
  • The top 10 importing countries account for approximately 56 percent of the international trade for zippers 
  • Asia-Pacific contributes about 58 percent of the total import for zippers
  • The imported value of zippers has reduced by 8.8 percent in 2015 from 2014

Major Exporters for Zippers: Global

  • China has been the largest exporter of zippers for the last five years 
  • The top 10 exporting countries contribute about 86 percent of the international trade for zippers 
  • Asia-Pacific contributes about 75 percent of the total export for zippers 
  • The exported value of zippers has reduced by 6.34 percent in 2015 when compared to 2014 
  • Growth has been slow in global trade as crude oil prices have dropped