I would not see Zip as a file format, it's just compressed version of some other format. You therefore inherit all the pros and benefits of the compressed file,

I would not see Zip as a file format, it's just compressed version of some other format. You therefore inherit all the pros and benefits of the compressed file, which might be columnar storage (e.g. Parquet) or row-based (e.g. Avro), but those "modern" formats have compression built in, no need for zipping.