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Cash/coin Deposit Bags Segment by Application to Dominate the Global Security Bags Market

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News provided by

Future Market Insights

08 Aug, 2017, 13:00 GMT

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VALLEY COTTAGE, New York, August 8, 2017 /PRNewswire/ --

The global security bags market has witnessed good growth opportunities in the recent past, with key players leveraging the various applications of security bags and targeting a growing customer base keeping in mind the key preferences of consumers towards tamper evidence features, convenience of use, and optimal pricing of security bags. According to a new report published by Future Market Insights titled "Security Bags Market: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2027)," the global security bags market is slated to exhibit a significant growth rate of 8.8% in terms of value to reach a market valuation of US$ 702.3 Mn by the end of the forecast period in 2027.

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Global Security Bags Market Analysis, by Raw Material Type 

The global security bags market is segmented on the basis of raw material type into plastic, paper, and fabric. Plastic will continue to remain a favourite among consumers and be the dominant segment throughout the forecast period, anticipated to hold a market share in excess of 75% throughout the forecast period. The paper and fabric segments will be nowhere close to the plastic segment throughout the duration of the forecast period. In terms of revenue CAGR, the plastic segment will outnumber the other segments, registering a 9.1% CAGR during the period of forecast.

Request a Sample Report with Table of Contents and Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-4011

Global Security Bags Market Analysis, by Product Type 

By product type, the global security bags market is segmented into opaque and clear. Opaque segment is the clear winner here with a CAGR of 9.0% and estimated total revenues in excess of US$ 500 Mn by 2027 end, resulting from a market share in excess of 75% throughout the forecast period.

Global Security Bags Market Analysis, by Application  

In terms of application, the global security bags market is segmented into cash/coin deposit bags, strap bags, card & dice bags, evidence bags, and pharmaceutical distribution bags. Cash/coin deposit bags will continue to dominate the global market throughout the assessment period, estimated to reach a market valuation exceeding US$ 490 Mn by the end of 2027. While strap bags are unlikely to match the revenue contribution of cash/coin deposit bags, in terms of CAGR, both these segments stand at 8.9%.

Global Security Bags Market Analysis, by End Use  

The global security bags market is segmented on the basis of end use into financial institutions, hospitals, casinos, hotels, national retail companies, government organisations, courier services companies, and academic institutions. Financial institutions will lead the race in this segment, with an estimated 30% market share towards the end of the forecast period. In terms of volume, the financial institutions segment is pegged at over 16,000 tonnes by 2027 end. This segment is slated to register a CAGR of 9.4% in terms of value and reach a market valuation of about US$ 216 Mn by 2027. Courier services companies segment is the runner-up in the value CAGR race, standing at a close 9.0%.

Preview Analysis on Global Security Bags Market Segmentation By Raw Material Type - Plastic (HDPE, LDPE, PVC, Others), Paper, Fabric; By Product Type - Opaque, Clear; By Application - Cash/Coin Deposit Bags, Strap Bags, Card & Dice Bags, Evidence Bags, Pharmaceutical Distribution Bags; By End Use -Financial Institutions, Hospitals, Casinos, Hotels, National Retail Companies, Government Organisations, Courier Services Companies, Academic Institutions: http://www.futuremarketinsights.com/reports/security-bags-market

Global Security Bags Market - Regional Forecast  

In this report, Future Market Insights has analysed the seven key regions of North America, APEJ, Western Europe, Eastern Europe, Latin America, MEA, and Japan. North America, APEJ, and Western Europe will stand toe-to-toe in terms of market share, each holding a value share in excess of 20% throughout the forecast period. North America is anticipated to be the market leader in 2017 and is projected to gain significant market share due to a high growth of security products in the region. The North America security bags market will grow at a CAGR of 9.0% in terms of value over the forecast period. Currently North America has the highest concentration of security bags manufacturers. In APEJ, there is a steady increase in financial institutions and logistics services; as a result, the region will witness the highest growth in the global security bags market. APEJ will register a CAGR of 9.1% in terms of value. North America and APEJ will record a significant rise of 50 basis points in market share, while Western Europe will record an increase of 30 basis points.

Good market opportunity for key players 

Some of the key players profiled in the report include Ampac Holdings LLC., Mega Fortris (Malaysia) Sdn. Bhd., Coveris Holdings S.A., SECUTAC, Dynaflex Private Limited, NELMAR Security Packaging Systems Inc., KOROZO Ambalaj San.ve Tic A.S., TruSeal Pty Ltd., HSA International Group, KENT PLASTIK LTD. STI., Harwal Ltd., ITW Envopak Limited, Initial Packaging Solutions Ltd., Vikela Aluvin Pty Ltd, A. Rifkin Co., Packaging Horizons Corporation, Versapak International Ltd, Amerplast Ltd., Securepac Industries Sdn Bhd, and Adsure Packaging Limited.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: http://www.futuremarketinsights.com/reports/security-bags-market

An increase in demand for security packaging from the financial sector offers a good potential for key players to grab this opportunity and expand their operations. For instance, in May 2014, Mega Fortris Middle East expanded its operations to a bigger warehouse facility in Dubai Silicon Oasis. Likewise, in November 2013, NELMAR Security Packaging Systems Inc. added 50,000 sq. ft of production and warehouse facility to its existing facility while in December 2013, Dynaflex Private Limited expanded its market in UAE and Ireland.

More from FMI's Cutting-edge Intelligence: 

  • Protective Packaging Market Segmentation By Material Type - Foamed Packaging, Paper and Plastic; By Product Type - Foam Protective Packaging, Flexible Protective Packaging and Rigid Protective Packaging; By Function Type - Wrapping, Void Fill, Cushioning, Insulation, Blocking and Bracing: http://www.futuremarketinsights.com/reports/protective-packaging-market
  • Digital Printing For Packaging Market Segmentation By Technology Type - Liquid Toner, Electrographic Printing, Nano-Graphic Printing, Stream Inkjet Technology Printing, Others; By Product Type - Labels, Films & Wraps, Bags & Sacks, Boxes, Folding Cartons, Bottles, Cans, Pouches & Sachets, Others; By End Use - Food, Beverages (Alcoholic, Non-Alcoholic), Pharmaceuticals, Personal Care & Cosmetics, Electronic Components, Chemicals, Others (Automotive Products etc.): http://www.futuremarketinsights.com/reports/digital-printing-for-packaging-market
  • Beverage Packaging Market Segmentation by Raw Material - Glass, Metal, Plastic, Paper/Paperboard; by Product Type - Glass Bottles, Alcoholic Beverages, Carbonated Soft Drinks (CSD)/ Soda, Plastic Bottles, Cans, Liquid Cartons, Pouch/Sachets: http://www.futuremarketinsights.com/reports/global-beverage-packaging-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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