Market Overview:
The global security bags market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing instances of terrorist activities and rising concerns for safety and security among consumers. In addition, the growing demand for anti-counterfeiting measures is also propelling the growth of this market. Based on type, the global security bags market can be segmented into plastic, paper, and fabric bags. Of these, plastic bags are expected to account for a major share in terms of revenue in 2018 owing to their high durability and resistance against tearing or tampering. By application, financial institutions are anticipated to hold a dominant position in terms of revenue contribution in 2018 followed by hospitals and casinos respectively.
Product Definition:
A security bag is a type of bag that is used to protect or secure an object from being accessed, damaged, or stolen. Security bags can be made from a variety of materials, including plastic, metal, and fabric. They are often reinforced with locks or other security features in order to prevent unauthorized access. Security bags are commonly used to protect valuable items such as jewelry, money, documents, and electronics.
Plastic:
Plastic is a durable, versatile, lightweight material that has been used for decades to make various products. It can be molded into different shapes and sizes and has many useful properties such as it can be easily printed or branded in order to help companies differentiate their product from the competitors.
Paper:
Paper is a material made from cellulose fibers that are extracted from natural plants. Cellulose is the main raw material used in the manufacturing of paper. The three primary types of paper are Kraft, bleached, and unbleached; these papers vary in terms of color and grade as well as applications.
The global market for security bags has been witnessing strong growth over the past few years on account increasing demand across commercial application areas such as retail stores, offices supply etc.
Application Insights:
The global security bags market is segmented on the basis of application into financial institutions, hospitals, casinos, government organizations and others. The other applications include corporate offices, retail stores and entertainment complexes. Hospitals were the largest application segment in 2017 owing to high usage rates at medical facilities coupled with a rise in terrorist attacks globally.Casinos are expected to be one of the fastest-growing segments over the forecast period due to an increase in gaming activities across various regions including Asia Pacific and Latin America which has resulted in an increased need for security measures at these locations.
Security bags are used during cash counting & banking operations as they offer protection against physical damage & theft of currency notes while being transported from banks to ATMs or back home again.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the most impacted countries owing to high demand for security bags from other regions as well as applications. North America and Europe are relatively mature markets and henceforth exhibit steady growth over a period of time with increased adoption of advanced technologies by manufacturers coupled with stringent regulations imposed by governments to maintain security standards being the key factors driving regional demand.
Asia Pacific is expected to be one of the fastest-growing regional markets during the forecast period owing to rapid economic development coupled with increasing government initiatives for improving infrastructure in various countries including India, China, Singapore, Thailand among others will drive industry expansion over next few years.
Growth Factors:
- Increasing demand for security bags from the banking and financial sector to protect cash and other valuables from theft or damage.
- Rising concerns over safety and security among consumers, which is driving demand for security bags for personal use.
- The increasing popularity of online shopping has led to a surge in the need for secure packaging solutions, such as security bags, to protect goods during transit.
- Growing awareness about the benefits of using security bags among businesses and consumers is helping to boost market growth.
- Technological advancements that have led to the development of new types of security bags are providing opportunities for growth in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Bags Market Research Report
By Type
Plastic, Paper, Fabric
By Application
Financial Institutions, Hospitals, Casinos, Government Organisations, Others
By Companies
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., Ampac Holdings LLC., 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, Adsure Packaging Limited
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Security Bags Market Report Segments:
The global Security Bags market is segmented on the basis of:
Types
Plastic, Paper, Fabric
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, Government Organisations, 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:
- 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.
- Ampac Holdings LLC.
- 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
- Adsure Packaging Limited
Highlights of The Security 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:
- Plastic
- Paper
- Fabric
- By Application:
- Financial Institutions
- Hospitals
- Casinos
- Government Organisations
- 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 Security 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.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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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?
Security bags are a type of bag that is used to protect items from theft or damage. They can be made from a variety of materials, including cloth, paper, and plastic.
Some of the key players operating in the security bags market are 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., Ampac Holdings LLC., 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, Adsure Packaging Limited.
The security bags market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Security 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 Security Bags Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Security 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 Security 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 Security Bags Market Size & Forecast, 2020-2028
4.5.1 Security Bags Market Size and Y-o-Y Growth
4.5.2 Security 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 Plastic
5.2.2 Paper
5.2.3 Fabric
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 Government Organisations
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Security 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 Security 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 Plastic
9.6.2 Paper
9.6.3 Fabric
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 Government Organisations
9.10.5 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 Plastic
10.6.2 Paper
10.6.3 Fabric
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 Government Organisations
10.10.5 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 Plastic
11.6.2 Paper
11.6.3 Fabric
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 Government Organisations
11.10.5 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 Plastic
12.6.2 Paper
12.6.3 Fabric
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 Government Organisations
12.10.5 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 Plastic
13.6.2 Paper
13.6.3 Fabric
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 Government Organisations
13.10.5 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 Security Bags Market: Competitive Dashboard
14.2 Global Security Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ampac Holdings LLC.
14.3.2 Mega Fortris (Malaysia) Sdn. Bhd.
14.3.3 Coveris Holdings S.A.
14.3.4 SECUTAC
14.3.5 Dynaflex Private Limited
14.3.6 NELMAR Security Packaging Systems Inc.
14.3.7 KOROZO Ambalaj San.ve Tic A.S.
14.3.8 TruSeal Pty Ltd.
14.3.9 HSA International Group
14.3.10 KENT PLASTIK LTD. STI.
14.3.11 Ampac Holdings LLC.
14.3.12 ITW Envopak Limited
14.3.13 Initial Packaging Solutions Ltd.
14.3.14 Vikela Aluvin Pty Ltd
14.3.15 A. Rifkin Co.
14.3.16 Packaging Horizons Corporation
14.3.17 Versapak International Ltd
14.3.18 Amerplast Ltd.
14.3.19 Securepac Industries Sdn Bhd
14.3.20 Adsure Packaging Limited
