FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Management commitments: 402
Companies: 43 – Players covered include 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 .; Horizons packaging company; ProAmpac LLC; Novolex; TruSeal (Pty) Ltd. and others.
Blanket: All major geographies and key segments
Segments: Type of product (opaque, transparent); Type of material (plastic, paper, other types of materials); End use (financial institutions, hospitals, casinos, hotels, retail chains, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.
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Global Cash and Coin Deposit Bag Market to Reach $ 486.3 million by 2026
The cash and coins deposit bags are intended to provide businesses and customers with a weatherproof option for the safe transport of large cash and coins. These bags are of crucial importance in providing a high degree of protection against theft. The cash and coin deposit bags are made from tough materials such as sturdy plastic for sturdy support and convenient handling. The growth of the global market is expected to be driven by the growth of the cash logistics industry, security concerns related to the transport of cash and ATM refill fraud, the importance of cash management in casinos, sustained demand in the hotel and hospitality industry; and growing demand for coin-operated laundry services. Considering the importance of cash in an economy, cash logistics is emerging as a healthy industry with strong growth opportunities. Global demand for cash continues to grow steadily despite the growing adoption of electronic payment, with cash flow in terms of GDP exceeding 9.6%, up from around 8.1% in 2011. The COVID-pandemic- 19 ongoing work that continues unabated has pushed the world towards more liquidity. cost-effective, stimulating opportunities for cash handling and management products and solutions. The increase in the number of working women and the growth of dual-income households is driving the trend towards coin-operated laundry services.
In the midst of the COVID-19 crisis, the global cash and coin deposit bag market is estimated at US $ 372 million in 2020, is expected to reach a revised size of US $ 486.3 million by 2026, with a CAGR of 4.5% over the analysis period. Opaque, one of the segments analyzed in the report, is expected to register a CAGR of 4.9% and reach US $ 400.4 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Clear segment is readjusted to a revised CAGR of 3.3% for the next 7 year period.
The US market is estimated at $ 105.4 million in 2021, when China is expected to reach $ 68.1 million by 2026
The market for cash and coins deposit bags in the United States is estimated at US $ 105.4 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 68.1 million by 2026, with a CAGR of 6.6% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 3.3% and 3.5% respectively during the analysis period. In Europe, Germany is expected to grow at around 3.8% CAGR. While a significant fraction of the public in advanced economies have full access to credit cards and bank accounts, cash in circulation continues to increase, which can be credited at low interest rates. Become thin Asia Pacific continues to be pulled by India and China, fueled by the growing middle class, increasing income levels and the presence of a large unbanked or underbanked population. Following
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