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CO21048381 |
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Apr 2021 |
Global tamper-proof safety bag market observed a significant development in the recent years and is anticipated to grow over the forecast duration. Tamper-proof safety bags are widely used for delivering the products like food products, medicines, couriers, etc., in a secured way. Tamper proof safety bags are made of good quality materials that make them durable and strong for storage and mailing products. The features that make the bag popular today are its self-adhesive quality, strength, waterproof cover, and opaqueness.
The market for global tamper-proof safety bags is flourishing, and it is estimated that the market will boom in the coming years. Increase in the online purchases has resulted in the increase in the demand for tamper-proof safety bags in the market. However, the onetime use feature of the tamper bags challenges the global tamper-proof safety bags market growth.
Increase in awareness among consumers and companies regarding the safety of the products during transportation has driven the tamper-proof market across the globe. Strict rules laid down by government authorities to ensure the safety of product packaging has also led to a shift in the design of bags. This is due to rise in tampered food products and it is observed in the past that many products require a more safe and secure way of packaging. This factor has significantly contributed to the growth of the global tamper proof bag market, globally.
The expanding pharmaceutical market is also a driving factor of the tamper proof bags because it is compulsory for the companies to use tamper proof labels or packaging material which can ensure high safety of the product. Also, increase in online purchases has also flourished the global tamper proof bags market.
The major factor restraining the expansion of the global tamper-proof bags market is the issue with the sealing process like non-adherence of the seal to the container which raises safety issues and delays product delivery. Another restriction to the tamper proof bags market is its one-time-utilization structure, the packaging cannot be used more than once. Also, increased awareness about the harmful effects of plastic on environment has also affected the growth of the tamper-proof bag market.
The rising number of pharmaceutical and food & beverage industries gives a golden opportunity to the manufacturers to increase their supply of tamper-proof bag and thus increase their market globally. The year 2020 had a great impact on tamper-proof bag market globally due to COVID-19 pandemic as the worldwide lockdown had forced the people to opt for online purchasing and shopping. This factor has increased the market revenue for tamper-proof bag market, globally.
Also, the extensive use of tamper-proof bags in courier services has further opened the doors for the tamper-proof bags market.
The global tamper-proof safety bag market is segmented into plastic, paper, and fiber. Plastic is chemically resistant, inexpensive, lightweight, heat sealable, easy to print, and can be molded into different shape. These properties of plastic make it the leading material for tamper-proof safety bags market. Due to environmental issues related to biodegradability, paper and fiber market is expected rise in the forecast period.
On the basis of region, global temper-proof safety bags market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. It is expected that North America will lead the global tamper-proof safety bags market in the forecast duration due to the presence of technologically advance industries which extensively use tamper proof safety bags for product packaging. Also, pharmaceutical industries are increasing in the region which is further accelerating the growth of the tamper-proof safety bags market. This is because the Food and Drug Administration has made it mandatory for the pharmaceutical companies to use tamper-proof bags for packaging of medicines.
Asia-Pacific is likely to witness growth at a high CAGR due to growth of the packaging industry in key economic countries such as China and India. China holds a major share in the packaging market due to large number of industries. Middle East, Africa, and Latin America are expected evolve at a slow pace because of less technological advancements and less developed industries.
Some of the key players operating in the market are Innoseal Systems Inc., ADSURE Packaging Limited, Quick Pak Inc., Tamper Technologies Ltd, and Butler Staple Company.
Aspect |
Particulars |
Historical Market Estimations |
2019 |
Base Year for Market Estimation |
2020 |
Forecast timeline for Market Projection |
2021-2028 |
Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Types |
|
Key Regions Covered |
North America, Asia-Pacific, Europe |
Key Companies Profiled |
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