The clothing fasteners market has gone through perseverance and innovations in terms of both functionality and aesthetics, in last few years. The product innovations such as air tight, movable, flame resistance, and water proof zippers and buttons has increased the market penetration of the clothing fasteners in various new applications such as Military and fire fighters clothing. The airtight zippers are gaining popularity in waterproof garments such as immersion suits that keep scuba divers dry and warm in cold waters. In addition, the airtight zippers are also used widely in the airtight suits used by the aircrew.
Based on the material, the clothing fasteners market can be classified as ornamentals and non-ornamentals. Based on the product, the global clothing fasteners market can be classified as Zippers, Hook-and-loop tape, Buttons, snaps & garment hooks, loose trims, Tape & ribbons, Applique & transfers, and Trims, cord & fringe. Based on the type, the global clothing fastener market can be classified as permanent clothing fasteners and temporary clothing fasteners. By material non-ornamentals clothing fasteners have the largest market share. Based on the type, the zippers hold the largest market.
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A clothing fastener is used to fasten two pieces of cloth together, while it provides a method of “donning and doffing” for everyday dressing. The clothing fasteners can be either permanent or temporary, permanent fasteners are tailored in the garment. On the other hand, temporary fasteners can be of many forms, including basting, eye closures for bras and hooks. The growing living standards, enhanced fashion consciousness, increasing middle class population, in addition with changing life style of consumers in developing countries, is driving the global clothing fastener market. The e-retail industry in Asia Pacific and Latin America has driven robust growth in the garments retail sales volumes.
Asia Pacific had been the largest and fastest growing market of clothing fasteners, in 2014. The large presence of textile and garment industry is driving the demand of clothing fastener in this region. Clothing fasteners market in North America and Europe have shown signs of market saturation for clothing fasteners, and the demand is mainly anticipated from the luxury goods and garment industry. Latin American clothing fasteners market led by Brazil is expected to be 2nd fastest growing clothing fastener market after Asia Pacific. Country wise the U.S., Canada, Brazil, Germany, Italy, the U.K., India, China and Japan are some of the major markets of clothing fasteners.
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The growing demand of ornamental clothing fasteners from luxury garments and goods, along with the advent of durable plastic zippers, tape, and ribbons are emerging opportunity for the clothing fasteners market. On the other hand, the increased labor cost in China, and increasing cost of raw materials used in clothing fasteners are the major roadblocks for clothing fasteners market, from suppliers side prospects.
The global clothing fastener market is highly fragmented, as the top 5 players operating in the clothing fastener market accounted for less than 40% of the total market share. However, the trend towards M&A is observed in recent years, Morito Co. Ltd., a U.S. based supplier of clothing fasteners has acquired Scovill Fasteners, in the year 2014.
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Some of the competitors in the clothing fasteners and ornaments market are Darice Inc., Dill Buttons of America Inc., Prym Consumer USA Inc., Jo-Ann Stores LLC., CMZ Zipper (WUXI) Co. Ltd., IDEAL Fastener Corporation, Sea-Cheng Enterprise Co. Ltd., Talon International Inc., and YKK Fastening Products Group.
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