DUBLIN--(BUSINESS WIRE)--Dec 21, 2022--

The “Cash-in Transit Bags: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Cash-in Transit Bags estimated at US$347.6 Million in the year 2020, is projected to reach a revised size of US$399.4 Million by 2027, growing at a CAGR of 2% over the analysis period 2020-2027.

Deposit Bags, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$95.8 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Shipping Bags segment is readjusted to a revised 1.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $94.1 Million, While China is Forecast to Grow at 4% CAGR

The Cash-in Transit Bags market in the U.S. is estimated at US$94.1 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$78.3 Million by the year 2027 trailing a CAGR of 4% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.3% and 1.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$53.6 Million by the year 2027.

Coin Bags Segment to Record 2.2% CAGR

In the global Coin Bags segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$68.1 Million in the year 2020 will reach a projected size of US$77.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3% CAGR through the analysis period.

Select Competitors (Total 22 Featured) -

• A. Rifkin Co.
• ADSURE Packaging Limited
• Amerplast Ltd.
• Coveris Holdings SA
• Dynaflex Private Limited
• Harcor Security Seals Pty Ltd.
• Initial Packaging Solutions Ltd.
• ITW Envopak
• Korozo Group
• Leghorn Group Srl
• Mega Fortris (Malaysia) Sdn Bhd
• NELMAR Security Packaging Systems, Inc.
• Packaging Horizons Corporation
• Proampac LLC.
• Shields Bags & Printing Co
• Truseal (Pty) Ltd.
• Versapak International Ltd.

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 digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Cash-in Transit Bags - Global Key Competitors Percentage Market Share in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bvyrb7

View source version on businesswire.com:https://www.businesswire.com/news/home/20221221005525/en/

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KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/21/2022 01:02 PM/DISC: 12/21/2022 01:02 PM

http://www.businesswire.com/news/home/20221221005525/en