Market Overview:
The global cash-in transit bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for secure and efficient transportation of cash across different applications such as financial institutions, hospitals, casinos, hotels, retail chains, government organizations and courier services. In addition, the increasing adoption of cashless transactions is also contributing to the growth of this market. Based on type, the global cash-in transit bags market can be segmented into deposit bags, shipping bags coin bags strap bags stockbags and custombags. The deposit bag segment is expected to account for a major share in terms of revenue in 2018 owing to its growing popularity among financial institutions for secure storage and transport of money.
Product Definition:
Cash- in Transit Bags are used to carry cash between different locations. The bags are often made of strong materials, such as canvas or leather, so that the cash is protected. Cash- in Transit Bags can be used by businesses or individuals who need to transport money between different places.
Deposit Bags:
Deposit bags are used to collect cash in transit. They are made of different materials such as plastic, paper and cotton depending upon the density of the material. The main function of deposit bags is to protect money from damage and moisture.
The global market for deposit bags is expected to witness significant growth over the forecast period owing to its increasing usage in cash-in-transit vehicles across various countries including India, China, Brazil and Mexico among others.
Shipping Bags:
The global shipping bags and its usage in cash-in-transit bags market is expected to witness significant growth over the forecast period. The primary factor driving this market is the increasing adoption of e-commerce platforms by retailers across the globe.
E-commerce retailing has been experiencing rapid growth over the past few years, which has resulted in increased demand for packaging materials such as boxes, bubble wrap, and shipping containers among others.
Application Insights:
The financial institutions segment dominated the global cash-in- transit bags market in 2017, accounting for over 40% of the overall revenue. The growth can be attributed to increasing demand from banks and other financial institutions for security against thefts and robberies at airports, railway stations, bus stands and markets. In addition, rising concerns regarding money laundering activities are further driving the adoption of these bags among financial institutions.
Hospitals are expected to emerge as one of the fastest growing application segments over the forecast period owing to increased awareness about safety measures taken by hospitals authorities towards transportation of valuables during medical emergencies or surgeries. In addition, these bags offer protection against theft or robbery while being carried by hospital staff or visitors on foot as well as by vehicle at a hospital premises. These factors are anticipated to drive their adoption in near future.
Casinos emerged as another prominent application segment owing to stringent security requirements imposed on them across various regions globally including Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to various factors such as rising demand for secure and efficient cash handling solutions, presence of a large number of banks and financial institutions, high usage rate of ATMs across U.S., and growing online banking transactions. Moreover, increasing use of smartphones coupled with rise in consumer preference for mobile banking is expected to drive regional market growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption by individuals for carrying money on their trips across countries especially during travels within Asia Pacific region as well as overseas trips has been observed that majority population prefers cash-in-transit bags due to its convenience factor which helps avoid long queues at airport or bank branches thus boosting industry demand over next eight years from 2018 till 2030 time frame.
Growth Factors:
- Increasing demand for cash-in-transit bags from the banking and financial sector as a result of increasing security concerns
- Rising demand for cash-in-transit bags from the retail sector due to increase in shopping and spending by consumers
- Growing use of cash-in-transit bags by ecommerce companies to ensure secure delivery of money transactions
- Proliferation of organized crime and terrorist activities, which is driving the demand for cash-in-transit bags as a security measure
- Technological advancements that are resulting in innovative designs and features being incorporated into cash transit bags, thereby enhancing their functionality
Scope Of The Report
Report Attributes
Report Details
Report Title
Cash- in Transit Bags Market Research Report
By Type
Deposit Bags, Shipping Bags, Coin Bags, Strap Bags, Stock Bags, Custom Bags
By Application
Financial Institutions, Hospitals, Casinos, Hotels, Retail Chains, Government Organizations, Courier Services, Others
By Companies
TruSeal, Harcor, Adsure Packaging, ITW Envopak, ProAmpac, Dynaflex, KOROZO, Versapak International, Shields Security Bags, A. Rifkin, TruSeal, Packaging Horizons, Initial Packaging, Leghorn Group, Coveris, Mega Fortris, Amerplast
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Cash- in Transit Bags Market Report Segments:
The global Cash- in Transit Bags market is segmented on the basis of:
Types
Deposit Bags, Shipping Bags, Coin Bags, Strap Bags, Stock Bags, Custom Bags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Financial Institutions, Hospitals, Casinos, Hotels, Retail Chains, Government Organizations, Courier Services, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TruSeal
- Harcor
- Adsure Packaging
- ITW Envopak
- ProAmpac
- Dynaflex
- KOROZO
- Versapak International
- Shields Security Bags
- A. Rifkin
- TruSeal
- Packaging Horizons
- Initial Packaging
- Leghorn Group
- Coveris
- Mega Fortris
- Amerplast
Highlights of The Cash- in Transit Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Deposit Bags
- Shipping Bags
- Coin Bags
- Strap Bags
- Stock Bags
- Custom Bags
- By Application:
- Financial Institutions
- Hospitals
- Casinos
- Hotels
- Retail Chains
- Government Organizations
- Courier Services
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cash- in Transit Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cash-in-transit bags are a type of bag that is used to store cash while it is being transported. They are typically made from a sturdy material, such as canvas or vinyl, and have a secure closure system.
Some of the key players operating in the cash- in transit bags market are TruSeal, Harcor, Adsure Packaging, ITW Envopak, ProAmpac, Dynaflex, KOROZO, Versapak International, Shields Security Bags, A. Rifkin, TruSeal, Packaging Horizons, Initial Packaging, Leghorn Group, Coveris, Mega Fortris, Amerplast.
The cash- in transit bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cash- in Transit Bags Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cash- in Transit Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cash- in Transit Bags Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cash- in Transit Bags Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cash- in Transit Bags Market Size & Forecast, 2020-2028
4.5.1 Cash- in Transit Bags Market Size and Y-o-Y Growth
4.5.2 Cash- in Transit Bags Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Deposit Bags
5.2.2 Shipping Bags
5.2.3 Coin Bags
5.2.4 Strap Bags
5.2.5 Stock Bags
5.2.6 Custom Bags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Financial Institutions
6.2.2 Hospitals
6.2.3 Casinos
6.2.4 Hotels
6.2.5 Retail Chains
6.2.6 Government Organizations
6.2.7 Courier Services
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cash- in Transit Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cash- in Transit Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Deposit Bags
9.6.2 Shipping Bags
9.6.3 Coin Bags
9.6.4 Strap Bags
9.6.5 Stock Bags
9.6.6 Custom Bags
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Financial Institutions
9.10.2 Hospitals
9.10.3 Casinos
9.10.4 Hotels
9.10.5 Retail Chains
9.10.6 Government Organizations
9.10.7 Courier Services
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Deposit Bags
10.6.2 Shipping Bags
10.6.3 Coin Bags
10.6.4 Strap Bags
10.6.5 Stock Bags
10.6.6 Custom Bags
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Financial Institutions
10.10.2 Hospitals
10.10.3 Casinos
10.10.4 Hotels
10.10.5 Retail Chains
10.10.6 Government Organizations
10.10.7 Courier Services
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Deposit Bags
11.6.2 Shipping Bags
11.6.3 Coin Bags
11.6.4 Strap Bags
11.6.5 Stock Bags
11.6.6 Custom Bags
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Financial Institutions
11.10.2 Hospitals
11.10.3 Casinos
11.10.4 Hotels
11.10.5 Retail Chains
11.10.6 Government Organizations
11.10.7 Courier Services
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Deposit Bags
12.6.2 Shipping Bags
12.6.3 Coin Bags
12.6.4 Strap Bags
12.6.5 Stock Bags
12.6.6 Custom Bags
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Financial Institutions
12.10.2 Hospitals
12.10.3 Casinos
12.10.4 Hotels
12.10.5 Retail Chains
12.10.6 Government Organizations
12.10.7 Courier Services
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Deposit Bags
13.6.2 Shipping Bags
13.6.3 Coin Bags
13.6.4 Strap Bags
13.6.5 Stock Bags
13.6.6 Custom Bags
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Financial Institutions
13.10.2 Hospitals
13.10.3 Casinos
13.10.4 Hotels
13.10.5 Retail Chains
13.10.6 Government Organizations
13.10.7 Courier Services
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cash- in Transit Bags Market: Competitive Dashboard
14.2 Global Cash- in Transit Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TruSeal
14.3.2 Harcor
14.3.3 Adsure Packaging
14.3.4 ITW Envopak
14.3.5 ProAmpac
14.3.6 Dynaflex
14.3.7 KOROZO
14.3.8 Versapak International
14.3.9 Shields Security Bags
14.3.10 A. Rifkin
14.3.11 TruSeal
14.3.12 Packaging Horizons
14.3.13 Initial Packaging
14.3.14 Leghorn Group
14.3.15 Coveris
14.3.16 Mega Fortris
14.3.17 Amerplast
