openPR Logo
Press release

Security Bags Market Projected to be Resilient by US$ 702.3 Mn During 2017-2027

02-04-2019 03:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Security Bags Market Projected to be Resilient by US$ 702.3 Mn

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.

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.

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.

Get Sample Copy of Report @

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%.

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 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.

Buy Full Report Now @

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.

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, an aerial view of the competitive framework, and future market trends.

Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Security Bags Market Projected to be Resilient by US$ 702.3 Mn During 2017-2027 here

News-ID: 1557838 • Views: 184

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Security

Security Printing Market Security Printing Market
Security Printing Market: An Overview Increased cases of forgery and counterfeiting practices are anticipated to drive the security printing market over the forecast period. Counterfeiting practices are particularly prevalent in bank notes, passports, postage stamps, identity cards, stock certificates, and contraband. Security printing helps in prevention of tampering and forgery of the instruments mentioned above. Obtain Report Details @ The key end market verticals in security printing market includes Banking, Financial Services
Security Assessment Market Report 2018: Segmentation by Security Type (Endpoint …
Global Security Assessment market research report provides company profile for Kaspersky (Russia), IBM (US), FireEye (US), Optiv Security (US), Qualys (US), Trustwave (US), Veracode (US), Check Point (Israel), Absolute Software (Canada), Rapid7 (US), CynergisTek (US) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth
Stadium Security Market -
Worries about the possibility of reoccurrence of terrorist attacks on large gatherings, especially during sports events, have been anticipated to increase the demand for stadium security. In 2017, the Manchester Arena bombing injured over 500 people and killed 23, including the attacker. Currently, almost every large stadium around the globe has been well-equipped with advanced systems such as intrusion alarms, metal detectors, fire alarms, access control systems, and CCTV cameras. Obtain
Best Security Alarm System | Home Security Alarms | Security One
The organization prides itself on delivering exceptional customer service to its extensive and eclectic group of customers which encompasses a comprehensive demographic group of individuals and businesses with respect to age, geographic area and income level. While many organizations both within and outside of the security industry consider themselves to both value and provide premium customer service, has incorporated the rendering of superior customer service into its very
Pelco Security Products
Spytown is the Security SuperStore that specializes in home security systems and one of the leading manufacturers that supply their products is Altronix. Altronix Corporation is a leading designer and maker of low voltage electronic components. Altronix offers a wide-ranging line of Security, Fire, CCTV, Access, Nurse Call, and Automation products. The security industry requires electronic components which can perform flawlessly under rigorous conditions, twenty-four hours a day. Incorporating cutting edge
SafeTech’s Guard Security Announces Mobile Security Services
It is with great pleasure and enthusiasm that SafeTech Guard Security announces the launch of Mobile Security Services. Beginning today Guard Security will offer hired security guard officers who can perform mobile security patrols and security inspection. The security guard units will be positioned in vehicles to patrol larger areas that can not be covered on foot. The security guard officers are trained to work in both residential and commercial