p7zip is a file archiver with a high compression ratio.
The main features of 7-Zip
High compression ratio in new 7z format with LZMA compression
Packing / unpacking: 7z, ZIP, GZIP, BZIP2 and TAR
Unpacking only: ARJ, CAB, CHM, CPIO, DEB, DMG, HFS, ISO, LZH, LZMA, MSI, NSIS, RAR, RPM, UDF, WIM, XAR and Z.
For ZIP and GZIP formats, 7-zip provides a compression ratio that is 2-10 % better than the ratio provided by PKZip and WinZip
Strong AES-256 encryption in 7z and ZIP formats
Self-extracting capability for 7z format