Los Angeles, CA -- (SBWIRE) -- 09/09/2019 -- In a new publication released by QYR Consulting, the global Zippers market is predicted to grow at a moderate CAGR of 4.5% during the forecast period 2019-2025. Titled "Global Zippers Market Report, History and Forecast 2014-2025," the report indicates that the global market value is predicted to reach over US$ 21.9 Bn by the end of 2025, which was around US$ 15.4 Bn in the year 2018. The textile industry has observed a significant transformation over the past few years. Changing trends in the fashion industry are boosting the demand for Zippers in the global market. For instance, consumers are demanding for durability and reliability benefits from the manufacturers. The availability and functionality of various products according to their material type are expected to create positive impact on the global Zippers market.
Application of Zippers Across the Industries to Impact Positively on the Global Zippers Market
Changing lifestyles with rising spending capacity is anticipated to grow the global Zippers market. Increasing demand for bags, apparel according to the changing fashion trends is likely to create a positive impression on the global Zippers market. The emergence of unique zippers such as airtight Zippers, flame-resistant Zippers, and watertight Zippers are foretold to create opportunities across the globe. The usage of zippers by Jeans and luggage bag producers could be another factor for triggering market growth.
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Zippers made from biodegradable material is a noticeable trend. Apart from this, creative use of myriad types of zips such as half zips, coil zips, and interlocking teeth zips in the fashion industry is anticipated to record remarkable market growth in the future years. Moreover, increasing demand for flame retardant spiral zips for vehicle cushioning and seat covers are supplementing the market growth. Changing fashion trends in apparel, bags, shoes, and luggage bags to attract demand for Zippers.
Global Zippers Market: Geographical Analysis
Asia Pacific is likely to grab a major market share in the global Zippers market. The growing consumption of lifestyle products and the booming fashion industry are the two important reasons that are predicted to increasing demand for Zippers in the Asia Pacific region. An escalation in economic conditions and remarkable transformation in the apparel manufacturing hub of Asian countries are the important factors that are supplementing the market growth.
Global Zippers Market: Segmental Analysis
The global Zippers market is primarily segmented into two segments such as by type and by application. By type, the market is segmented into nylon zippers, plastic zippers, metal zippers, and Others. Metal and plastic zippers are widely used by small scale manufacturers of bags, purses, jeans, and apparel. By application, the global Zippers market is segmented into sporting goods, luggage and bags, garment, camping gear, and Others. According to the report, garment segment is predicted to hold a substantial market share in the global Zippers market. Apart from garment segment, luggage and bags are anticipated to exhibit steady growth in the years to come.
Global Zippers Market: Key Players
Growing demand for apparel and bags are creating global opportunities for Zippers manufacturers. The key Zippers manufacturers functioning in the market are Hengxiang Zipper, Weixing Group, QCC, Xinhong Zipper, RIRI, ABC Zipper, Hualing Zipper, THC Zipper, DIS, JKJ Zipper, YCC, HSD Zipper, Xinyu Zipper, IDEAL Fastener, YKK, CMZ ZIPPER, Zhejiang LIDA Zipper, YQQ, SBS, MAX Zipper, Sancris, HHH Zipper, Sanli Zipper, KCC Zipper, SALMI, TAT Zipper, Coats Industrial, Kao Shing Zipper, YBS Zipper, and 3F.
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