DUBLIN , Feb. 14, 2023 /PRNewswire/ — The “Zippers: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global zipper market will reach US$23.6 billion by 2030. Amid changes in the business environment post-COVID-19, the global zipper market is valued at US$17.7 billion in 2022 and is expected to reach a revised size of US$23.6 billion by 2030. the average annual growth rate is 3.7% for the analyzed period 2022-2030. Metal zippers, one of the market segments analyzed in the report, are expected to grow at a CAGR of 3.3% to reach US$11.1 billion by the end of the analysis period. Taking into account the ongoing recovery from the pandemic, the nylon zipper segment is estimated to grow at a CAGR of 4.5% over the next eight years. The US market size is expected to be US$4.8 billion, while China is expected to grow at a compound annual growth rate of 6.1%. China, as the world’s second largest economy, is expected to reach a projected market size of US$4.8 billion by 2030, with a CAGR of 6.1% during the analysis period from 2022 to 2030. Other notable geographic markets include Japan and Canada, which are expected to grow at 2% and 3% respectively between 2022 and 2030. In Europe, Germany is expected to grow at an average annual growth rate of approximately 2.4%. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach US$3.1 billion by 2030. Select a participant (82 choices in total) -
Special coverage of the Russian-Ukrainian war; global inflation; the easing of China’s zero-Covid policy and its “bumpy” reopening; supply chain disruptions, global trade tensions; and the risk of recession.
As we head into 2023, the global economy is at a critical crossroads, with many challenges and crises intertwined. Uncertainty over how Russia’s war against Ukraine will play out this year and what role it will play in driving global instability means troubles are not over on the inflation front.
Macro factors driving the apparel, apparel and luggage industries are creating parallel opportunities for zippers.
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Post time: Nov-08-2023