The global cash and coin deposit bags market is projected to grow at a CAGR of over 4% CAGR during the period 2017- 2022.
Albany, NY -- (SBWIRE) -- 12/12/2017 -- Security is one of the most important things when it comes to cash. In most of the financial institutions, cash and coin deposit bags are used for safe and secure transactions, owing to which demand has continued to remain steady in this sector. Analysts reveal that financial institutions remain the largest end users of cash and coin deposit bags, accounting for nearly 30% revenue share of the global market. To elaborate further about the market, a study titled "Cash & Coin Deposit Bags Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022" has been added to the wide repository of Market Research Hub (MRH). This 170-pages study offers a holistic outlook of the market covering market trends, factors along with industry growth prospects from 2012 to 2017, and forecast to 2022. The report also highlights opportunities in the cash and coin deposit bags market at the global and regional level.
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The regional outlook offered in the report offers analysis and insights on the markets in North America, Europe, Latin America, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA). Looking to the global market scenario, it has been analyzed that the global cash and coin deposit bags market continues to be driven by increasing focus on secure and safe packaging. The global cash and coin deposit bags market is predictable to grow at a CAGR of over 4% CAGR and reach approximately US$ 445 Mn in revenues by the end of the forecast period 2017-2022.
Major Insights from the study
Some of the cash and coin deposit bags available in the market have advanced features, such as warning indicator and tamper-evident closures. The constant efforts in enhancing security features is likely to boost the adoption of cash and coin deposit bags during the valuation period 2017-2022. Region-wise, Europe accounts for the highest revenue share and continue to be one of the leading markets for cash and coin deposit bags globally.
In this study, a detailed discussion of the segmentation of the cash and coin bags market provides readers with a clear view of the various components of the market. The market has been segmented on the basis of product type, material type, end use, and region. By product type, the segmentation has been presented on the basis of opaque and clear. By material type, the segmentation covers fabric, paper and plastic. The prime end users in the global cash and coin deposit bags market comprises academic institutions, financial institutions, retail chains, casinos, hotels, hospitals, courier services, and government organizations.
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The final section of the report deals with the competitive landscape which highlights the key players that are operating in the cash and coin deposit bags market along with details such as business positioning, financial standing, and SWOTs. Leading companies in the global cash and coin deposit bags market include Illinois Tool Works Inc, Coveris Holdings S.A., Packaging Horizons Corp, KOROZO Ambalaj San. Ve Tic. A.S, Dynaflex Private Limited, Truseal (Pty) Ltd, Initial Packaging Solutions Ltd., ProAmpac LLC, NELMAR Security Packaging Systems Inc., and A. Rifkin Co.
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