Market Overview:
The global tamper-proof safety bag market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for tamper-proof safety bags from various end-use industries, such as banks and finance, cash in transit, forensics and law enforcement, retail chain stores, courier and logistic company, airport and airlines, education sector smart packaging applications etc. In addition, the increasing awareness about product security among consumers is also fuelling the demand for tamper-proof safety bags across the globe. Based on type of material used for manufacturing tamper-proof safety bags; plastic accounted for a major share of the global market in 2017. However paper based Tamper Proof Safety Bags are witnessing high growth rates due to their ecofriendly nature when compared with other types of materials used for manufacturing these bags. Fabric based Tamper Proof Safety Bags are also gaining popularity owing to their features such as water resistance and durability. On basis of application; banks & finance sector held a dominant position in terms of revenue contribution in 2017 followed by cash in transit segment which is anticipated witness highest CAGR during forecast period 2018 – 2030 . This can be attributed growing concerns over security among financial institutions worldwide coupled with rising adoption rate TAMPER PROOF SAFETY BAGS by various Cash In Transit service providers globally .
Product Definition:
A tamper-proof safety bag is a bag that has been designed to be difficult or impossible to open without causing damage, making it ideal for storing and transporting valuable or sensitive items. The importance of tamper-proof safety bags lies in their ability to protect against accidental or unauthorized access, which can help keep valuable items safe from theft, damage, or tampering.
Plastic:
Plastic is a durable, versatile, lightweight material that has been used for thousands of years. It can be molded into various shapes and sizes and is available in multiple forms including synthetic, natural or semi-synthetic. The most commonly used plastic products are polyethylene (PE), polypropylene (PP), polystyrene (PS), acrylonitrile butadiene styrene (ABS) and nylon among others.
Paper:
Paper is a material made from cellulose fibers that are extracted from natural plants. Cellulose being an organic compound, it can be manufactured from several sources including wood, rags, leaves and even recycled paper. Paper is available in different grades and types based on the process of manufacturing followed such as bleached or unbleached Kraft paper; coated (powdered or pulp) sulfate papers; cellophane or transparent kraft paper among others.
Application Insights:
The banks and finance application segment led the global tamper-proof safety bag market in 2017. This is attributed to the rising number of heists that have taken place at banks worldwide. According to a study conducted by Risk Based Security, Inc., there were more than 6,000 reported incidents of safety breaches and over 1.5 million pieces of stolen property were stolen globally from January 2016 to December 2017. The cash in transit application segment is expected to witness significant growth over the forecast period owing to an increase in ATM frauds globally as well as locally across countries such as India, Brazil, China etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to the increasing number of banknote removals in countries such as India and China. The growing crime rate in this region has led to an increase in demand for these bags. In addition, rising awareness regarding money laundering activities is also anticipated to drive regional growth over the forecast period.
The market for tamper-proof safety bag is dominated by Europe due to high demand from banks & finance application segment on account of increasing cash transactions across economies including Germany, U.K.
North America was valued at USD X million in 2017 and it is projected that this trend will continue till 2030 with a CAGR of XX%. This can be attributed mainlyto high demand from banks & finance application segment on account of increased cash transactions across economies including U.S.
Growth Factors:
- Increasing demand for tamper-proof safety bags from the food and beverage industry as a result of stringent government regulations.
- Growing popularity of tamper-proof safety bags among consumers due to their enhanced security features.
- Proliferation of online retailing that is fuelling the demand for tamper-proof safety bags across different product categories.
- Rising investments by leading players in research and development activities to introduce innovative products in the market.
- Growing awareness about the benefits of using tamper-proof safety bags among consumers and businesses alike
Scope Of The Report
Report Attributes
Report Details
Report Title
Tamper-proof Safety Bag Market Research Report
By Type
Plastic, Paper, Fabric
By Application
Banks & Finance, Cash In Transit, Forensics & Law Enforcement, Retails Chain Stores, Courier & Logistic Company, Airport & Airlines, Education, Smart Packaging, Others
By Companies
Ampac Holdings LLC., Mega Fortris (Malaysia) Sdn. Bhd., SECUTAC, Dynaflex Private Limited, NELMAR Security Packaging Systems Inc., TruSeal Pty Ltd., HSA International Group, 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, Proficient Packaging CC, TSG, EUROSEAL, Supreme Development Company 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Tamper-proof Safety Bag Market Report Segments:
The global Tamper-proof Safety Bag 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
Banks & Finance, Cash In Transit, Forensics & Law Enforcement, Retails Chain Stores, Courier & Logistic Company, Airport & Airlines, Education, Smart Packaging, 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.
- SECUTAC
- Dynaflex Private Limited
- NELMAR Security Packaging Systems Inc.
- TruSeal Pty Ltd.
- HSA International Group
- 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
- Proficient Packaging CC
- TSG
- EUROSEAL
- Supreme Development Company Limited
Highlights of The Tamper-proof Safety Bag 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:
- Banks & Finance
- Cash In Transit
- Forensics & Law Enforcement
- Retails Chain Stores
- Courier & Logistic Company
- Airport & Airlines
- Education
- Smart Packaging
- 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 Tamper-proof Safety Bag 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?
A tamper-proof safety bag is a type of security bag that is designed to prevent unauthorized access to its contents. This type of security bag typically includes features such as a lock and key, an RFID tag, or a seal that must be broken in order for the contents to be accessed.
Some of the major players in the tamper-proof safety bag market are Ampac Holdings LLC., Mega Fortris (Malaysia) Sdn. Bhd., SECUTAC, Dynaflex Private Limited, NELMAR Security Packaging Systems Inc., TruSeal Pty Ltd., HSA International Group, 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, Proficient Packaging CC, TSG, EUROSEAL, Supreme Development Company Limited.
The tamper-proof safety bag market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tamper-proof Safety Bag 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. Tamper-proof Safety Bag Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tamper-proof Safety Bag Market - Supply Chain
4.5. Global Tamper-proof Safety Bag Market Forecast
4.5.1. Tamper-proof Safety Bag Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tamper-proof Safety Bag Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tamper-proof Safety Bag Market Absolute $ Opportunity
5. Global Tamper-proof Safety Bag 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. Tamper-proof Safety Bag Market Size and Volume Forecast by Type
5.3.1. Plastic
5.3.2. Paper
5.3.3. Fabric
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tamper-proof Safety Bag 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. Tamper-proof Safety Bag Market Size and Volume Forecast by Application
6.3.1. Banks & Finance
6.3.2. Cash In Transit
6.3.3. Forensics & Law Enforcement
6.3.4. Retails Chain Stores
6.3.5. Courier & Logistic Company
6.3.6. Airport & Airlines
6.3.7. Education
6.3.8. Smart Packaging
6.3.9. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tamper-proof Safety Bag 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. Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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. Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Demand Share Forecast, 2019-2026
9. North America Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Market Size and Volume Forecast by Application
9.4.1. Banks & Finance
9.4.2. Cash In Transit
9.4.3. Forensics & Law Enforcement
9.4.4. Retails Chain Stores
9.4.5. Courier & Logistic Company
9.4.6. Airport & Airlines
9.4.7. Education
9.4.8. Smart Packaging
9.4.9. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tamper-proof Safety Bag Market Size and Volume Forecast by Type
9.7.1. Plastic
9.7.2. Paper
9.7.3. Fabric
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 Tamper-proof Safety Bag Demand Share Forecast, 2019-2026
10. Latin America Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Market Size and Volume Forecast by Application
10.4.1. Banks & Finance
10.4.2. Cash In Transit
10.4.3. Forensics & Law Enforcement
10.4.4. Retails Chain Stores
10.4.5. Courier & Logistic Company
10.4.6. Airport & Airlines
10.4.7. Education
10.4.8. Smart Packaging
10.4.9. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tamper-proof Safety Bag Market Size and Volume Forecast by Type
10.7.1. Plastic
10.7.2. Paper
10.7.3. Fabric
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 Tamper-proof Safety Bag Demand Share Forecast, 2019-2026
11. Europe Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Market Size and Volume Forecast by Application
11.4.1. Banks & Finance
11.4.2. Cash In Transit
11.4.3. Forensics & Law Enforcement
11.4.4. Retails Chain Stores
11.4.5. Courier & Logistic Company
11.4.6. Airport & Airlines
11.4.7. Education
11.4.8. Smart Packaging
11.4.9. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tamper-proof Safety Bag Market Size and Volume Forecast by Type
11.7.1. Plastic
11.7.2. Paper
11.7.3. Fabric
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
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 Tamper-proof Safety Bag Demand Share, 2019-2026
12. Asia Pacific Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Market Size and Volume Forecast by Application
12.4.1. Banks & Finance
12.4.2. Cash In Transit
12.4.3. Forensics & Law Enforcement
12.4.4. Retails Chain Stores
12.4.5. Courier & Logistic Company
12.4.6. Airport & Airlines
12.4.7. Education
12.4.8. Smart Packaging
12.4.9. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tamper-proof Safety Bag Market Size and Volume Forecast by Type
12.7.1. Plastic
12.7.2. Paper
12.7.3. Fabric
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 Tamper-proof Safety Bag Demand Share, 2019-2026
13. Middle East & Africa Tamper-proof Safety Bag 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 Tamper-proof Safety Bag 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 Tamper-proof Safety Bag Market Size and Volume Forecast by Application
13.4.1. Banks & Finance
13.4.2. Cash In Transit
13.4.3. Forensics & Law Enforcement
13.4.4. Retails Chain Stores
13.4.5. Courier & Logistic Company
13.4.6. Airport & Airlines
13.4.7. Education
13.4.8. Smart Packaging
13.4.9. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tamper-proof Safety Bag Market Size and Volume Forecast by Type
13.7.1. Plastic
13.7.2. Paper
13.7.3. Fabric
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 Tamper-proof Safety Bag Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tamper-proof Safety Bag Market: Market Share Analysis
14.2. Tamper-proof Safety Bag Distributors and Customers
14.3. Tamper-proof Safety Bag Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ampac Holdings LLC.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mega Fortris (Malaysia) Sdn. Bhd.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SECUTAC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Dynaflex Private Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NELMAR Security Packaging Systems Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TruSeal Pty Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HSA International Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ITW Envopak Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Initial Packaging Solutions Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Vikela Aluvin Pty Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. A. Rifkin Co.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Packaging Horizons Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Versapak International Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Amerplast Ltd.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Securepac Industries Sdn Bhd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Adsure Packaging Limited
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Proficient Packaging CC
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TSG
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. EUROSEAL
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Supreme Development Company Limited
14.4.20.1. Overview
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