The 7-Zip archiver does an excellent job of compressing data efficiently. It can be called a "Swiss knife" in the world of archivers. It supports various compression algorithms and a wide variety of data formats such as ZIP, gzip, tar and RAR. A separate plus is that the archiver is free.
The first version of 7-Zip was released on July 18, 1999; in a relatively short time, the archiver could become very popular. A relative disadvantage of 7-Zip is that there is only a version for Windows (official client). But now, after only 22 years, there is also a version for Linux, an official build from the developers.