Market Overview:
The global security seals market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing instances of product tampering and counterfeiting, and the need for reliable authentication methods. The global security seals market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into plastic seals, metal seals, cable seals, and others. The plastic seal segment is expected to grow at a CAGR of 6% from 2018 to 2030 due to its low cost and easy availability. On the basis of application, the market is divided into ship transport and land transport segments. The ship transport segment accounted for majority share in 2017 owing to increased maritime trade across different regions worldwide. However, with rising concerns over product tampering and counterfeiting in land-based transportation modes such as roadways and railways; there has been an increase in demand for security seals for these applications as well over recent years which is anticipated propel this segments growth during forecast period .Geographically ,the global security seal smarketis classifiedinto North America , Latin America , Europe Asia Pacificand Middle East & Africa . In terms of revenue , Europe held majority sharein 2017andis projectedto maintainits leadduringthe forecastperiod .
Product Definition:
A security seal is a device used to physically protect or control access to a valuable object. Security seals are commonly used on cargo containers, postal boxes and bank bags. The seals are typically made of metal, plastic or paper and bear an identifying mark, such as a serial number.
Plastic Seals:
Plastic seals are manufactured using synthetic resins or natural rubber and are available in various forms such as rings, discs, tapes & strips. They find their application in sealing boxes, envelopes and cartons which contain sensitive information. The product is widely used by the packaging industry owing to its properties such as flexibility at low temperatures & high resistance against chemicals & solvents.
Metal Seals:
Metal seals are used in security seals market for various applications such as bank notes, cheque, and ID card. Metal seal is a thin metal sheet that is pressed into an adhesive or plastic substrate to provide evidence of authenticity. They are widely used in the packaging industry and can be customized according to client requirements.
Application Insights:
The land transport application segment accounted for the largest revenue share of over 60% in 2017. The demand for security seals is expected to increase due to stringent regulations regarding protection of assets and prevention of frauds in transportation industries, such as railways, roadways and shipping. For instance, according to a research conducted by the World Economic Forum in 2016, it was estimated that railway companies lose approximately USD 100 billion per year due to frauds committed during transportation activities. Thus, increasing awareness among end-users is expected to result in increased demand for security seals over the forecast period.
The ship transport industry has been witnessing significant growth owing to rising global trade activities across all major oceans resulting in an increased requirement of ships with high reliability and safety standards at both domestic.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of a large number of key market players and increased adoption of security seals in commercial applications such as banking and finance, government & defense. The U.S., being one of the most developed countries with high standards of living, is expected to drive regional growth through 2030.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing demand from developing economies such as India and China which are amongst the fastest-growing markets globally due to rapid economic development along with rising geopolitical tensions between various countries resulting in an increased need for better security solutions across industries including transport & logistics; manufacturing; etc.; thereby driving regional growth through 2030. Moreover, growing awareness about global events that resulted into sealing requirements at airports across Asia Pacific region has been observed since 2016 (specifically at Beijing Capital International Airport), thus further escalating market potential during future years (from 2018 till 2030).
Growth Factors:
- Increasing demand for security seals from end-use industries such as automotive, aerospace, and defense
- Growing awareness about the benefits of using security seals among businesses and consumers
- Proliferation of counterfeit products in global markets
- Stringent government regulations on product safety and quality control
- Technological advancements in security seal manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Security Seals Market Research Report
By Type
Plastic Seals, Metal Seals, Cable Seals, Others
By Application
Ship Transport, Land Transport
By Companies
American Seals, American Casting & Manufacturing, Harcor, Unisto, United Security Seals, TydenBrooks, Acme Seals, Mega Fortris Group, Yoseal, Onseal, Precintia, PROTECT, Sealseals, Anhui AFDseal, Harbor, ShangHai JingFan Container Seal
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Security Seals Market Report Segments:
The global Security Seals market is segmented on the basis of:
Types
Plastic Seals, Metal Seals, Cable Seals, Others
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
Ship Transport, Land Transport
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:
- American Seals
- American Casting & Manufacturing
- Harcor
- Unisto
- United Security Seals
- TydenBrooks
- Acme Seals
- Mega Fortris Group
- Yoseal
- Onseal
- Precintia
- PROTECT
- Sealseals
- Anhui AFDseal
- Harbor
- ShangHai JingFan Container Seal
Highlights of The Security Seals 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 Seals
- Metal Seals
- Cable Seals
- Others
- By Application:
- Ship Transport
- Land Transport
- 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 Seals 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?
Security seals are a type of security feature that can be used on documents to help ensure their authenticity. They are typically a series of symbols or letters that appear on the front or back of a document, and can be used to identify it as being authentic.
Some of the major players in the security seals market are American Seals, American Casting & Manufacturing, Harcor, Unisto, United Security Seals, TydenBrooks, Acme Seals, Mega Fortris Group, Yoseal, Onseal, Precintia, PROTECT, Sealseals, Anhui AFDseal, Harbor, ShangHai JingFan Container Seal.
The security seals market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Security Seals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Security Seals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Security Seals Market - Supply Chain
4.5. Global Security Seals Market Forecast
4.5.1. Security Seals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Security Seals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Security Seals Market Absolute $ Opportunity
5. Global Security Seals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Security Seals Market Size and Volume Forecast by Type
5.3.1. Plastic Seals
5.3.2. Metal Seals
5.3.3. Cable Seals
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Security Seals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Security Seals Market Size and Volume Forecast by Application
6.3.1. Ship Transport
6.3.2. Land Transport
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Security Seals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Security Seals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Security Seals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Security Seals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Security Seals Demand Share Forecast, 2019-2026
9. North America Security Seals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Security Seals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Security Seals Market Size and Volume Forecast by Application
9.4.1. Ship Transport
9.4.2. Land Transport
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Security Seals Market Size and Volume Forecast by Type
9.7.1. Plastic Seals
9.7.2. Metal Seals
9.7.3. Cable Seals
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Security Seals Demand Share Forecast, 2019-2026
10. Latin America Security Seals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Security Seals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Security Seals Market Size and Volume Forecast by Application
10.4.1. Ship Transport
10.4.2. Land Transport
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Security Seals Market Size and Volume Forecast by Type
10.7.1. Plastic Seals
10.7.2. Metal Seals
10.7.3. Cable Seals
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Security Seals Demand Share Forecast, 2019-2026
11. Europe Security Seals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Security Seals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Security Seals Market Size and Volume Forecast by Application
11.4.1. Ship Transport
11.4.2. Land Transport
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Security Seals Market Size and Volume Forecast by Type
11.7.1. Plastic Seals
11.7.2. Metal Seals
11.7.3. Cable Seals
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Anlysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Security Seals Demand Share, 2019-2026
12. Asia Pacific Security Seals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Security Seals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Security Seals Market Size and Volume Forecast by Application
12.4.1. Ship Transport
12.4.2. Land Transport
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Security Seals Market Size and Volume Forecast by Type
12.7.1. Plastic Seals
12.7.2. Metal Seals
12.7.3. Cable Seals
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Security Seals Demand Share, 2019-2026
13. Middle East & Africa Security Seals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Security Seals Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Security Seals Market Size and Volume Forecast by Application
13.4.1. Ship Transport
13.4.2. Land Transport
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Security Seals Market Size and Volume Forecast by Type
13.7.1. Plastic Seals
13.7.2. Metal Seals
13.7.3. Cable Seals
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Security Seals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Security Seals Market: Market Share Analysis
14.2. Security Seals Distributors and Customers
14.3. Security Seals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. American Seals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. American Casting & Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Harcor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Unisto
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. United Security Seals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TydenBrooks
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Acme Seals
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mega Fortris Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Yoseal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Onseal
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Precintia
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. PROTECT
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sealseals
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Anhui AFDseal
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Harbor
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. ShangHai JingFan Container Seal
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
