Press Releases
 
Cash-in Transit Market – Expected to Accumulate Revenues Worth US$ 452.2 Mn by 2025

, 3 September 2018 -- Cash-in Transit Market – Expected to Accumulate Revenues Worth US$ 452.2 Mn by 2025

The global market for cash-in transit bags is expected to gain momentum on account of the emergence of new players into the market. The competition in the market has been intensifying over the past years due to a range of strategies adopted by the leading market players. The relevance of cash-in transit bags has increased in recent times which has in turn generated huge market gap. The market players are expected to take advantage of this sizeable market gap in order to enhance their growth prospects. Furthermore, the market vendors are anticipated to focus on consolidating their position in the market by keeping a futuristic approach in all their endeavours. In other words, the business strategies of the players are aimed at acquiring long-term profits rather than short term gains. The leading market players are projected to rely on quality and durability of their products to gain a competitive advantage over others. The small and medium-sized players are expected to form strategic alliances in order to avert the competition from established market players. Geographical expansion through acquisition of defunct local players is also foreseen as a key business strategy of the leading market players. ITW Envopak Limited, Dynaflex Pvt. Ltd, Harcor Security Seals Pty Ltd, The Versapak Group, A. Rifkin Co., TruSeal (Pty) Ltd, Mega Fortris Group, Amerplast Ltd., Shields Bags & Printing Co, Packaging Horizons Corp, Coveris Holdings S.A, Nelmar Group, Adsure Packaging Ltd, Initial Packaging Solution Ltd, ProAmpac Holdings, LLC, and Leghorn Group are the key players identified in the global market for cash-in transit bags.

Get Brochure For More Information@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=41714

The global market for cash-in transit bags is expected to expand at a steady CAGR of 3.3% over the period between 2017 and 2025, finds Transparency Market Research (TMR). Furthermore, the market is expected to accumulate revenues worth US$ 452.2 Mn by 2025.

Availability of Biodegradable Bags to Enhance Market Growth

The global market for cash-in transit bags has been growing at the back for rising security concerns with regards to the transfer of cash or coins from geographical location to another. The manufacturers of cash-in transit bags have introduced safer, more secure, and environment-friendly bags that has given a push to the demand within the global market. Since the consumers have shown an inclination towards biodegradable products, the availability of biodegradable cash-in transit bags has given an impetus to the growth of the global market. Besides this, cyber thefts and scandals have shifted the focus on physical transfer of currency from one place to another. Owing to the aforementioned factors, the demand within the global market for cash-in transit bags is expected to reach unprecedented levels over the forthcoming years.

Quick-Transaction Options could Hamper Market Growth

Several online options for money transfer have emerged in recent times, and this has reduced the physical transfer of cash across regions. Furthermore, the installation of ATMs across the emerging economies has also affected the global market for cash-in transit bags. Cashless payment options do not come with the hassles of completing formalities of documentation and registration. This shifts the focus away from physical transfer of cash which in turn affects the global market for cash-in transit bags.

Market Segmentation:

Global Cash-in Transit Bags Market, by Bags Type

Deposit Bags
Shipping Bags
Coin Bags
Strap Bags
Stock Bags
Custom Bags

Global Cash-in Transit Bags Market, by Material Type

Plastic Bags
Paper Bags
Fabric Bags

Global Cash-in Transit Bags Market, by End-Use

Financial Institutions
Hospitals
Casinos
Hotels
Retail Chains
Government Organizations
Courier Services
Academic Institutions

Get Customize Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=41714

# # #


Submitted by K Singha on Monday, 3 September 2018 at 7:34 PM
Category: Science & Research
 
Related News

Asia Pacific Organic Personal Care Ingredients Market Report-2024
Thursday, 18 Apr 2019

Asia Pacific Nasal Drops Market: Status and Forecast 2024
Wednesday, 17 Apr 2019

Quantum dot imaging advances
Tuesday, 16 Apr 2019

Global Arthroscopy Devices Market: Status and Forecast 2025
Tuesday, 16 Apr 2019

Global Cardiac Assist Devices Market: Status and Forecast 2025
Monday, 15 Apr 2019

Related Events

Aerospace Mental Health and Wellbeing Conference RAeS London - 22/23 May 2019
Wednesday, 22 May 2019

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Outcrop Gold Provides Corporate Update
Monday, 22 Apr 2019

Holter ECG Monitor Market Size, Status and Forecast to 2026
Monday, 22 Apr 2019

Play Online Lottery
Monday, 22 Apr 2019

Rapid Test Market to Deliver Positive Growth Results until 2026
Monday, 22 Apr 2019

dbForge Studio for Oracle Now Has A New Look & Oracle 19c Support
Monday, 22 Apr 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Tuesday, 23 April 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 3rd Annual NASH Summit | April 22-25, 2019 | Boston, MA
  • Rx Drug Abuse and Heroin Summit
  • European NeoAg Summit 2019
  • 46th IOP Plasma Physics Conference, Loughborough, UK
  • Transformational CISO Assembly in Nashville - April 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.