Dublin, Oct. 19, 2022 (GLOBE NEWSWIRE) -- The "Cash and Coin Deposit Bags - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Cash and Coin Deposit Bags estimated at US$372 Million in the year 2020, is projected to reach a revised size of US$506.9 Million by 2027, growing at a CAGR of 4.5% over the period 2020-2027.
Opaque, one of the segments analyzed in the report, is projected to record 4.9% CAGR and reach US$400.4 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Clear segment is readjusted to a revised 3.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $101.7 Million, While China is Forecast to Grow at 6.6% CAGR
The Cash and Coin Deposit Bags market in the U.S. is estimated at US$101.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$72.2 Million by the year 2027 trailing a CAGR of 6.6% over the period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- As the Most Liquid Asset, the Importance of Cash in an Economy Can Never Be Undermined
- Factors Influencing Use of Cash: Percentage Breakdown by Consumer Preference
- Cash Larceny Continues to Remain a Major Threat for Cash Businesses Worldwide
- Stealing Cash From Point of Sale Devices & Cash Registers is the Most Popular Form of Cash Larceny
- Cash & Coin Deposit Bags is the First Step in Fraud Fighting
- Pandemic Provides the Perfect Platform for Cash Fraud
- Amid the Virus Led Recession, Cash in Circulation is Increasing Creating a Positive Twist in Market Events for Cash & Coin Deposit Bags. Here's a Peek Into this Interesting Phenomenon
- Cash-Use Makes a Resurgence & Shows Signs of Staying On Even Into the Post Pandemic Period
- Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 43 Featured)
- A. Rifkin Co.
- Block and Company, Inc.
- B-Sealed Pty Ltd.
- Dunbar Security Products, Inc.
- Dynaflex Private Limited
- Initial Packaging Solutions Ltd.
- International Plastics Inc.
- Korozo Ambalaj Sanayi Ve Ticaret AS
- MMF Industries
- NELMAR Security Packaging Systems Inc.
- Packaging Horizons Corporation
- ProAmpac LLC
- Novolex
- TruSeal (Pty) Ltd.
3. MARKET TRENDS & DRIVERS
- A Growing Cash Logistics Industry Offers Opportunities for Cash in Transit Bags
- Security Issues of Cash Transport & ATM Refill Frauds Provide a Strong Business Case for Cash & Coin Deposit Bags
- Increased Volumes of Cash-In Transit Expands the Addressable Market Opportunity for Cash & Coin Deposit Bags
- As an Industry Dealing with Cash & Coins, Casinos to Offer Room for Growth
- A Synopsized Review of Innovations in Cash & Coin Deposit Bags Designed for Casinos
- As Revenues From Casinos Increase So Will the Need for Physical Cash Controls to Safeguard Revenues Earned at Gaming Tables
- Growing Demand for Laundry Services Bodes Well for Cash & Coin Deposit Bags
- Expected Revenues Gains in the Laundry Industry Equals More Cash to Safeguard
- Banking Industry Emerges as the Largest End-User of Cash & Coin Deposit Bags
- Expanding ATM Networks to Increase Physical Cash Movement & Drive Demand for Cash-In Transit Safety Bags
- Growing Density of ATMs & Increased Frequency of ATM Refilling to Benefit Demand for Cash-In Transit Safety Bags
- Growing Number of ATMs Highlight the Fact that Cash is Still King
- Rise of Multi-Functional ATMs Popular for Cash Deposits Drives Demand for Cash Deposit Bags Among Bank Customers
- Adherence to Safety Protocols in Handling Cash is Non-Negotiable. Demand in the Hotels End-Use Industry Escapes Erosion
- Fraud Related Complaints Lodged Spikes Amid the Pandemic Even as Industries Collapse & Businesses Hurt
- Plummeting Revenues Amid Declining Hotel Occupancy Rates Juxtaposed With Rising Fraud to Keep Cash & Coin Deposit Bags Afloat During this Crisis
- Although Disconcerting, Money Laundering Through the Physical Transportation of Cash Pushes Up Growth in the Market
- Tamper Evident & Tamper Proof Bags Grow in Popularity
- Importance of Till Management in the Retail Industry Drives Demand for Cash Register Till Bags
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/te6g3l
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