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Fixed Length Seals Market Industry Trends, Survey, Growth and Forecast to 2028

02-22-2019 04:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Fixed Length Seals Market Industry Trends, Survey, Growth

Fixed length seals are security seals which have a fixed operational length. These seals are available in a variety of lengths so as to accommodate different applications. Fixed length seals do not have sliding feature, these seals lock into the place by clicking, and this feature makes them more tamper resistant than variable length seals with sliding mechanisms. Fixed length seals can be numbered or embossed to make them even more resistant to tampering. The overall outlook for fixed length seals is expected to remain positive and grow at a healthy CAGR during the forecast period, as these seals are relatively a newer segment to the seals & closure market and have extensive applications. Manufacturers of fixed length seals offer these seals in a variety of sizes and dimensions to cater to different applications.

Fixed Length Seals Market: Dynamics

Fixed length seals are gaining traction due to their extensive application in transportation and logistics. These seals are used throughout the supply chain to prevent losses occurred due to tampering. The fixed length seals market is primarily driven by the demand generated by the transportation and logistics industry. Owing to the functionality as well as flexibility fixed length seals impart to the packaging, their applications are expected to increase. This is expected to fuel the demand for fixed length seals during the forecast period.

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However, end-use manufacturers do not prefer these seals for the applications where the print area of the needs to be larger. To overcome this, the manufacturers of fixed length seals have incorporated their seals with barcodes so that all the product information can be put on the seal.

In July 2018, Acme Seals launched two new seals to provide their clients with upgraded versions of their Bulldog Seal and M Seal, which are among their best selling products.

Such product innovations by the manufacturers are expected to contribute to growth in demand for fixed length seals.

Fixed Length Seals Market: Segmentation

Globally the fixed length seals market has been segmented on the basis of product type, material, applications and end use industries.

On the basis of product type, the global fixed length seals market has been segmented as follows

Padlock fixed length seals

Truck fixed length seals

Tote fixed length seals

Others

On the basis of material, the global fixed length seals market has been segmented as follows

Plastic

Polypropylene

Acrylic

Polyamide

Polyethylene

Metal

On the basis of applications, the global fixed length seals market has been segmented as follows

Boxes and Cartons

Drums and Containers

Bags & Pouches

Product Tags

Transportation vehicles

Others (Doors, First aid boxes, Fire extinguishers etc.)

On the basis of end use industries, the global fixed length seals market has been segmented as follows

Food service

Medical devices & pharmaceuticals

Transport & logistics

Consumer goods

Others

Fixed Length Seals Market: Regional Outlook

Geographically, the global fixed length seals market has been segmented into seven key regions, which includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Japan, and Middle East & Africa (MEA). Countries in the Asia Pacific region are projected to be the most lucrative market for fixed length seals. This can be attributed to increased consumer spending on packaged goods coupled with significant rise in trade activities. North America market is expected to dominate the fixed length seals market followed by Western Europe.

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Fixed Length Seals Market: Key Players

Examples of some of the key players operating in the global fixed length seals market are TydenBrooks, Acme Seals Limited, Essentra PLC, Unisto AG, Cambridge Security Seals, Mega Fortris (Malaysia) Sdn. Bhd., American Casting & Mfg. Corp., Versapak Security Seals, Innovic Seals, Total Seal USA, Beloma Beira Logistics Management, and Vikela Aluvin Pty. Ltd. among others. Many regional and unorganized players are expected to contribute to the global fixed length seals market during the forecast period.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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