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Cash and Coin Deposit Bags - Global Market Trajectory & Analytics

  • ID: 5141576
  • Report
  • February 2022
  • Region: Global
  • 427 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • A. Rifkin Co.
  • Block and Company, Inc.
  • B-Sealed Pty Ltd.
  • Dynaflex Private Limited
  • MMF Industries
  • Novolex

Global Cash and Coin Deposit Bags Market to Reach $486.3 Million by 2026


Cash and coin deposit bags are intended to provide businesses and customers with a temper-proof option for transporting high volume cash and coins in a safe manner. These bags hold a critical significance in offering high degree of protection from thefts. Cash and coin deposit bags are made using tough materials such as sturdy plastic for robust support and convenient handling. Growth in the global market is set to be driven by growing cash logistics industry, security issues of cash transport & ATM refill frauds, importance of cash handling in casinos, sustained demand in hospitality and hotels industry, and growing demand for coin-operated laundry services. Given the importance of cash in an economy, cash logistics is emerging into a healthy industry with robust growth opportunities. Global cash demand continues to increase consistently despite rising adoption of electronic payment, with cash circulation in terms of GDP exceeding 9.6%, up from around 8.1% in 2011. The ongoing COVID-19 pandemic which continues unabated has pushed the world towards a more cash-driven economy, spurring opportunities for cash handling and management products and solutions. The rise in number of working women and growth in dual-income households is driving the trend towards coin-operated laundry services.

Amid the COVID-19 crisis, 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$486.3 Million by 2026, growing at a CAGR of 4.5% over the analysis period. 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. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, 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 $105.4 Million in 2021, While China is Forecast to Reach $68.1 Million by 2026


The Cash and Coin Deposit Bags market in the U.S. is estimated at US$105.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$68.1 Million by the year 2026 trailing a CAGR of 6.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR. While a sizeable fraction of the public in advanced economies has full access to credit cards and bank accounts, cash in circulation continues to increase, which can be credited to low interest rates. Growth in Asia-Pacific continues to be driven by India and China, fueled by rising middle class, growing income levels and the presence of a large unbanked or under-banked population.

Select Competitors (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.
Frequently Asked Questions about the Global Market for Cash and Coin Deposit Bags

What is the estimated value of the Global Market for Cash and Coin Deposit Bags?

The Global Market for Cash and Coin Deposit Bags was estimated to be valued at $372.0 Million in 2020.

What is the growth rate of the Global Market for Cash and Coin Deposit Bags?

The growth rate of the Global Market for Cash and Coin Deposit Bags is 4.6%, with an estimated value of $486.3 Million by 2026.

What is the forecasted size of the Global Market for Cash and Coin Deposit Bags?

The Global Market for Cash and Coin Deposit Bags is estimated to be worth $486.3 Million by 2026.

Who are the key companies in the Global Market for Cash and Coin Deposit Bags?

Key companies in the Global Market for Cash and Coin Deposit Bags 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. and MMF Industries.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A. Rifkin Co.
  • Block and Company, Inc.
  • B-Sealed Pty Ltd.
  • Dynaflex Private Limited
  • MMF Industries
  • Novolex

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Cash and Coin Deposit Bags – Global Key Competitors Percentage Market Share in 2022 (E)
  • 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: M0 Money in Circulation in Countries Worldwide (In US$ Billion) As of August 2020
  • So Just How Much Has COVID-19 Impacted the Global Economy?
  • Virus Induced Recession Impacts Businesses & Consumers Across All Sectors: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Rapidly Eroding Consumer Confidence Encourages Increased Cash Hoarding: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • 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

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: Global Cash Logistics Industry (In US$ Billion) for the Years 2020 through 2025
  • 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: Global Casino Revenues (In US$ Billion) by Region for the Years 2021, 2023, 2025 & 2027
  • Growth in 2020, Only Slightly Weakened by COVID-19
  • Growing Demand for Laundry Services Bodes Well for Cash & Coin Deposit Bags
  • Expected Revenues Gains in the Laundry Industry Equals More Cash to Safeguard: Global Dry Cleaning & Laundry Services Market (In US$ Billion) by Region for the Years 2021, 2023 & 2025
  • 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: % ATM Deployments at Non-Bank Locations for the Year 2020
  • 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: Global ATM Density Per 100,000 People (In Number of Units)
  • Global Installed Base of ATMs (In 000 Units) by Region
  • 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: Fraud Complaints Lodged in the U.S for the Years 2018, 2019 & 2020 (In 000s)
  • Plummeting Revenues Amid Declining Hotel Occupancy Rates Juxtaposed With Rising Fraud to Keep Cash & Coin Deposit Bags Afloat During this Crisis: Hotel Occupancy Rates in Select Countries: March 2020
  • 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. MARKET ANALYSIS

UNITED STATES

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

AFRICA

  • Cash and Coin Deposit Bags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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.
Note: Product cover images may vary from those shown