Los Angeles, CA -- (SBWIRE) -- 08/02/2019 -- The availability of various types of products differing according to functionality and type of material is foretold to attract demand in the global zippers market. Consumers are observed to demand more reliability and durability benefits from manufacturers. This has encouraged zipper companies to launch new and innovative products with improved mechanism and added benefits. Innovation on the part of daily use products such as shoes and luggage is also expected to create lucrative prospects for zipper manufacturers. In May 2019, a press release said that the laces on adidas Falcon have been replaced with a new zipper for easy wear and removal of the shoes.
Increasing Purchase of Apparels and Bags to Create Massive Demand
The zippers business has come a long way, even in times when fashion trends changed dramatically. One of the factors that has sustained the business all these years is the constant innovation and improvement in the mechanical part of zippers. Growth in the sales of footwear, luggage, bags, and garments is foreseen to augment the demand for zippers. High use of zippers as a preferred fastener for backpacks and jeans could be another powerful factor helping with the growth of the global zippers market. The advent of innovative zippers such as watertight, airtight, and flame-resistant zippers is anticipated to create opportunities globally.
International Trade to Bring about Consolidation of Giant Players
Companies could be interested in exporting zippers if international trade problems such as import tariffs and information and transport costs become less intense. Less efficient companies are expected to lose their share of the home market to best performers of the industry. Trade liberalization and globalization are anticipated to bring new benefits for consumers in the global zippers market, such as lower price of products due to intensified competitive conditions. International trade is foreseen to promote the consolidation and rise of high-growth players with a significant market share.
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Market Expected to Lean toward Global Duopoly in Future
The global zippers market has seen some changes in the past few decades. Initially, companies thrived in their home markets and were challenged by foreign firms through means of imports. Then, multinational behemoths such as Japan's YKK were observed to coexist with scores of competitors. In the current market situation, consolidation of companies is largely observed, especially in China. Some of the popular Chinese companies such as SBS are expected to stay in direct competition with their mighty rival YKK.
? Global duopoly could be in the offing as SBS and YKK go head to head
? However, global duopoly is not expected to dilute the intensiveness of competition
? SBS is looking to up the ante by introducing plastic zippers and using better-quality metal
? SBS already has big clients such as Decathlon and Adidas
? Nonetheless, YKK is predicted to stay ahead of the competition due to comparative advantages
Players to Concentrate on Reducing Carbon Emissions
The report profiles key players of the global zippers market, including QCC, Hualing Zipper, Hengxiang Zipper, ABC Zipper, THC Zipper, DIS, JKJ Zipper, TAT Zipper, HSD Zipper, Xinyu Zipper, Zhejiang LIDA Zipper, CMZ ZIPPER, Xinhong Zipper, YQQ, Weixing Group, YCC, 3F, SBS, Sancris, KCC Zipper, HHH Zipper, Sanli Zipper, MAX Zipper, SALMI, Coats Industrial, IDEAL Fastener, Kao Shing Zipper, YBS Zipper, RIRI, and YKK. Companies are prophesied to focus on maintaining sustainability and reducing carbon footprint. In June 2019, YKK introduced its environment-friendly zipper NATULON, manufactured using recycled bottles, to fight the problem of plastic waste.
By Type
? Plastic Zipper
? Nylon Zipper
? Metal Zipper
? Others
By Application
? Garment
? Luggage and Bags
? Sporting Goods
? Camping Gear
? Others
By Region
Researchers predict Asia Pacific to secure a remarkable share of the global zippers market because of large consumption of lifestyle products with zippers. Other factors that could contribute to the growth of the regional market are Southeast Asian countries transforming into textile and apparel manufacturing hubs and improving economic conditions.
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