Security Seals Market Size, Industry Analysis Report By Seal Type(Cable Seals, Padlock, Bolt Seals, Plastic Seals, Electronic Tracking & Sensing Seals, Tamper-Evident Seals, Security Tape), By Material(Plastic, Metal), By Operation(Single Use, Reusable), By Mode(Manual, Automatic/ Electronic), By Distribution Channel(Online, Offline), By Application(Transport & Logistics, Retail, Banks/Cash in Transit, Security Station, Government, Chemicals & Pharmaceuticals, Utilities, Airlines, Healthcare, Refineries, Post & Courier Services) & Region – Forecasts
- PUBLISHED ON
- 2024-01-08
- NO OF PAGES
- 250
- CATEGORY
- Electronics & Communication
Global Security Seals Market Analysis by Seal Type, Material, Operation, Mode, Distribution Channel, Application, and Region and segments forecast till 2033
Market Overview
The global security seals market was worth USD 955.03 million in 2021 and is anticipated to amplify at a CAGR of 6.20% over 2022-2030, thereby amassing USD 925.22 million by the end of the assessment timeframe.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 955.03 Million |
Market Forecast in 2033 | USD 925.22 Million |
CAGR % 2023-2033 | 6.20% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Seal Type, Material, Operation, Mode, Distribution Channel, Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Acme Seals Limited, American Casting Mfg., Hoefon Security Products B.V., J. Keller & Associates, Inc., JW Products Limited, Mega Fortis Group, Transport Security, Inc., Tyden Group, Unisto Ag, W.W. Grainger, Inc, ELC, EnvoPak, LegHorn, Precintia, and Shanghai JingFan Container Seal |
Security seals are tamper evident tools used to seal packaging materials, containers, or any goods to prevent contamination or theft. These seals are predominantly used to secure vessel containers, truck trailers, utility meters, airline duty-free trolley, and chemical drums. They are considered as one of the most cost effective way of securing goods in sensitive spaces.
Suring security concerns in sectors such as banking, courier service, and manufacturing along with the rapid increase in global trade are creating lucrative opportunities for the market to prosper. Moreover, the functionality and flexibility offered by security seals is accelerating their demand on a global level. Also, growing efforts of the industry players to develop cost-effective products using technological innovations is positively swaying the dynamics of this market place. However, high initial set up costs and the availability of alternative tamper evident packaging and sealing solutions are hindering the industry development to a large extent.
E-commerce platforms have been gaining massive popularity owing to the rising penetration of mobile phones and other smart devices. There has been a growing trend of e-shopping as it enables buyers to purchase anything they want without leaving the comfort of their homes. Moreover, they also get to enjoy a more tailored shopping experience as they can check product information and customers review at any time. This in turn has created a high demand for security seals to secure the products ordered by customers during the entire shipment cycle.
With rapid economic growth in various regions, there has been a sharp rise in the per capita income of the masses. This has further increased the purchasing power of the people, thereby resulting in massive developments in the e-commerce sector. This in turn has created lucrative opportunities for the security seals market to prosper.
Seal Type Insights
The Cable Seals segment is anticipated to witness significant progression over the projected timeline.
Material Insights
The metal segment is anticipated to garner substantial returns over the analysis timeline. This is credited to adoption of metal security seals to secure products of high importance including electronic devices and jewelry items.
Operation Insights
The Single Use segment is poised to capture a high market share over 2022-2033 attributing to rising adoption worldwide.
Mode Insights
The Automatic/ Electronic segment is poised to capture a high market share over 2022-2033 attributing to rising adoption and increasing penetration worldwide.
Distribution Channel Insights
The Offline segment is poised to capture a high market share over 2022-2033 attributing to rising adoption and increasing penetration worldwide.
Application Insights
The transport & logistics segment is poised to register notable gains ascribing to rising trends of online shopping among the masses.
Regional Insights
North America, Asia Pacific, Middle East & Africa, Europe, and South America are the primary regions constituting the geographical landscape of this business sphere. The security seals market in Asia Pacific is projected to expand with a high CAGR over 2022-2030 attributing to large scale usage of security seals in logistics and transportation industries.
Competitive Analysis
The prominent players influencing the industry trends are Acme Seals Limited, American Casting Mfg., Hoefon Security Products B.V., J. Keller & Associates, Inc., JW Products Limited, Mega Fortis Group, Transport Security, Inc., Tyden Group, Unisto Ag, W.W. Grainger, Inc, ELC, EnvoPak, LegHorn, Precintia, and Shanghai JingFan Container Seal.
The listed companies are emphasizing towards the expansion of their product portfolio to further strengthen their industry presence. To meet these growth goals, they are adopting various strategies including mergers & acquisitions, research & development investments, innovative product launches, partnerships, and collaboration deals.
Global Security Seals Market- Segmental Analysis
By Seal Type
• Cable Seals
• Padlock
• Bolt Seals
• Plastic Seals
• Electronic Tracking & Sensing Seals
• Tamper-Evident Seals
• Security Tape
• Others
By Material
• Plastic
• Metal
By Operation
• Single Use
• Reusable
By Mode
• Manual
• Automatic/ Electronic
By Distribution Channel
• Online
• Offline
By Application
• Transport & Logistics
• Retail
• Banks/Cash in Transit
• Security Station
• Government
• Chemicals & Pharmaceuticals
• Utilities
• Airlines
• Healthcare
• Refineries
• Post & Courier Services
• Others
Why to buy this Report?
The report provides quantitative and qualitative aspect for Security Seals Market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in Security Seals Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2020-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification
1. Global Security Seals Market Introduction and Market Overview
1.1. Objective of the Market Research Study
1.2. Security Seals Market Definition & Description
1.3. Research Data Parameters & Reporting Timelines
1.3.1. Historical Data Reporting Years – 2020 to 2021
1.3.2. Projected Data Reporting Years – 2022 to 2033
1.3.3. Reporting Data Parameters – Value (US$ Million)
1.4. Global Security Seals Market Scope and Market Estimation
1.4.1. Global Security Seals Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)
1.4.2. Global Security Seals Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033
1.5. Security Seals Market Segmentation
1.5.1. Seal Type of Global Security Seals Market
1.5.2. Material of Global Security Seals Market
1.5.3. Operation of Global Security Seals Market
1.5.4. Mode of Global Security Seals Market
1.5.5. Distribution Channel of Global Security Seals Market
1.5.6. Application of Global Security Seals Market
1.5.7. Key Regions of Global Security Seals Market
2. Global Security Seals Market - Executive Summary
2.1. Global Security Seals Market – Summary & Snapshot
2.2. Global Security Seals Market, By Seal Type (US$ Million)
2.3. Global Security Seals Market, By Material (US$ Million)
2.4. Global Security Seals Market, By Operation (US$ Million)
2.5. Global Security Seals Market, By Mode (US$ Million)
2.6. Global Security Seals Market, By Distribution Channel (US$ Million)
2.7. Global Security Seals Market, By Application (US$ Million)
2.8. Global Security Seals Market, By Geography (US$ Million)
2.9. Global Security Seals Market Outlook & Future Opportunities
3. Security Seals Market Trends, Outlook, and Factors Analysis
3.1. Global Security Seals Market Industry Development Trends under COVID-19 Outbreak
3.1.1. Global COVID-19 Status Overview
3.1.2. Influence of COVID-19 Outbreak on Global Security Seals Market Industry Development
3.1.3. Pre & Post COVID-19 Trends and Scenarios
3.2. Security Seals Market Dynamics (Growth Impacting Factors & Rationales)
3.2.1. Drivers
3.2.1.1. Rising concern of security in different industries such as retail, banking, courier services, and others is anticipated to drive the market growth
3.2.1.2. Rapid expansion of Transport & Logistic Industry is expected to trigger the market growth
3.2.1.3. Increasing demand of customized solutions for security seals
3.2.2. Restraints
3.2.2.1. Increasing alternative of other materials (bio-degradable material) may impede the market growth
3.2.3. Opportunities
3.2.3.1. Technological advancements in security seals
3.2.4. Impact Analysis of Drivers and Restraints
3.3. Ecosystem/ Value Chain Analysis
3.4. Porter’s Five Forces Analysis
3.5. SWOT Analysis
3.6. PEST Analysis
3.7. Average Selling Prices and Pricing Trends Analysis of Security Seals Market
3.8. Technological Roadmap
3.9. Key Investment Pockets of Security Seals Market
3.9.1. By Seal Type
3.9.2. By Material
3.9.3. By Operation
3.9.4. By Mode
3.9.5. By Distribution Channel
3.9.6. By Application
3.9.7. By Regions
4. Global Security Seals Market: Estimates & Historic Trend Analysis (2020 to 2021)
4.1. Global Security Seals Market, 2020 – 2021 (US$ Million)
4.2. Global Security Seals Market, By Seal Type, 2020 to 2021 (US$ Million)
4.3. Global Security Seals Market, By Material, 2020 to 2021 (US$ Million)
4.4. Global Security Seals Market, By Operation, 2020 to 2021 (US$ Million)
4.5. Global Security Seals Market, By Mode, 2020 to 2021 (US$ Million)
4.6. Global Security Seals Market, By Distribution Channel, 2020 to 2021 (US$ Million)
4.7. Global Security Seals Market, By Application, 2020 to 2021 (US$ Million)
4.8. Global Security Seals Market, By Region, 2020 to 2021 (US$ Million)
5. Global Security Seals Market Estimates & Forecast Trend Analysis, by Seal Type
5.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Seal Type, 2022 & 2033
5.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Seal Type, 2022 to 2033
5.2.1. Cable Seals
5.2.2. Padlock
5.2.3. Bolt Seals
5.2.4. Plastic Seals
5.2.5. Electronic Tracking & Sensing Seals
5.2.6. Tamper-Evident Seals
5.2.7. Security Tape
5.2.8. Others
6. Global Security Seals Market Estimates & Forecast Trend Analysis, by Material
6.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Material, 2022 & 2033
6.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Material, 2022 to 2033
6.2.1. Plastic
6.2.2. Metal
7. Global Security Seals Market Estimates & Forecast Trend Analysis, by Operation
7.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Operation, 2022 & 2033
7.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Operation, 2022 to 2033
7.2.1. Single Use
7.2.2. Reusable
8. Global Security Seals Market Estimates & Forecast Trend Analysis, by Mode
8.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Mode, 2022 & 2033
8.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Mode, 2022 to 2033
8.2.1. Manual
8.2.2. Automatic/Electronic
9. Global Security Seals Market Estimates & Forecast Trend Analysis, by Distribution Channel
9.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Distribution Channel, 2022 & 2033
9.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Distribution Channel, 2022 to 2033
9.2.1. Online
9.2.2. Offline
10. Global Security Seals Market Estimates & Forecast Trend Analysis, by Application
10.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Application, 2022 & 2033
10.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Application, 2022 to 2033
10.2.1. Transport & Logistics
10.2.2. Retail
10.2.3. Banks/Cash in Transit
10.2.4. Security Station
10.2.5. Government
10.2.6. Chemicals & Pharmaceuticals
10.2.7. Utilities
10.2.8. Airlines
10.2.9. Healthcare
10.2.10. Refineries
10.2.11. Post & Courier Services
10.2.12. Others
11. Global Security Seals Market Analysis and Forecast, by Region
11.1. Global Security Seals Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033
11.2. Global Security Seals Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Middle East and Africa
11.2.5. Latin America
12. North America Security Seals Market: Estimates & Forecast Trend Analysis
12.1. North America Security Seals Market Assessments & Key Findings
12.2. North America Security Seals Market Share (%) Estimates and Forecasts, 2022 & 2033
12.3. North America Security Seals Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
12.3.1. By Seal Type
12.3.2. By Material
12.3.3. By Operation
12.3.4. By Mode
12.3.5. By Distribution Channel
12.3.6. By Application
12.3.7. By Major Country
12.3.7.1. The U.S.
12.3.7.2. Canada
13. Europe Security Seals Market: Estimates & Forecast Trend Analysis
13.1. Europe Security Seals Market Assessments & Key Findings
13.2. Europe Security Seals Market Share (%) Estimates and Forecasts, 2022 & 2033
13.3. Europe Security Seals Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
13.3.1. By Seal Type
13.3.2. By Material
13.3.3. By Operation
13.3.4. By Mode
13.3.5. By Distribution Channel
13.3.6. By Application
13.3.7. By Major Country
13.3.7.1. Germany
13.3.7.2. The U.K.
13.3.7.3. France
13.3.7.4. Italy
13.3.7.5. Spain
13.3.7.6. Rest of Europe (includes all other European countries)
14. Asia Pacific Security Seals Market: Estimates & Forecast Trend Analysis
14.1. Asia Pacific Security Seals Market Assessments & Key Findings
14.2. Asia Pacific Security Seals Market Share (%) Estimates and Forecasts, 2022 & 2033
14.3. Asia Pacific Security Seals Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
14.3.1. By Seal Type
14.3.2. By Material
14.3.3. By Operation
14.3.4. By Mode
14.3.5. By Distribution Channel
14.3.6. By Application
14.3.7. By Major Country
14.3.7.1. China
14.3.7.2. Japan
14.3.7.3. India
14.3.7.4. ASEAN
14.3.7.5. South Korea
14.3.7.6. Rest of Asia Pacific (includes all other Asia Pacific countries)
15. Middle East & Africa Security Seals Market: Estimates & Forecast Trend Analysis
15.1. Middle East & Africa Security Seals Market Assessments & Key Findings
15.2. Middle East & Africa Security Seals Market Share (%) Estimates and Forecasts, 2022 & 2033
15.3. Middle East & Africa Security Seals Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
15.3.1. By Seal Type
15.3.2. By Material
15.3.3. By Operation
15.3.4. By Mode
15.3.5. By Distribution Channel
15.3.6. By Application
15.3.7. By Major Country
15.3.7.1. GCC
15.3.7.2. South Africa
15.3.7.3. Egypt
15.3.7.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)
16. Latin America Security Seals Market: Estimates & Forecast Trend Analysis
16.1. Latin America Market Assessments & Key Findings
16.2. Latin America Security Seals Market Share (%) Estimates and Forecasts, 2022 & 2033
16.3. Latin America Security Seals Market Size Estimates and Forecast (US$ Million) (2022 to 2033)
16.3.1. By Seal Type
16.3.2. By Material
16.3.3. By Operation
16.3.4. By Mode
16.3.5. By Distribution Channel
16.3.6. By Application
16.3.7. By Major Country
16.3.7.1. Brazil
16.3.7.2. Mexico
16.3.7.3. Rest of Latin America (includes all other Latin America countries)
17. Competitive Landscape
17.1. Security Seals Market Revenue Share Analysis (%), by Major Players (2021)
17.2. Security Seals Market Competition Matrix, by Leading Players
17.3. Security Seals List of Emerging, Prominent and Leading Players
17.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.
18. Company Profiles
18.1. Acme Seals Limited
18.1.1. Company Overview & Insights
18.1.2. Financial Performance
18.1.3. Product / Service Portfolio
18.1.4. Geographical Footprint & Share
18.1.5. Strategic Initiatives & Key Developments
*Similar details would be provided for all the players mentioned below
18.2. American Casting Mfg.
18.3. Hoefon Security Products B.V.
18.4. J. Keller & Associates, Inc.
18.5. JW Products Limited
18.6. Mega Fortris Group
18.7. Transport Security, Inc.
18.8. Tyden Group
18.9. Unisto Ag
18.10. W.W. Grainger, Inc.
18.11. ELC
18.12. EnvoPak
18.13. LegHorn
18.14. Precintia
18.15. ShangHai JingFan Container Seal
18.16. Others
19. Assumptions and Research Methodology
19.1. Data Mining
19.2. Secondary Research
19.3. Primary Research
19.4. Subject Matter Expert Advice
19.5. Quality Check
19.6. Final Review
19.7. Data Triangulation
19.8. Bottom-Up Approach
19.9. Top Down Approach
19.10. Research Flow
19.11. Key Insights from Industry Experts
19.12. Data Sources
19.13. Assumptions
19.14. Limitations
20. Conclusions and Recommendations
20.1. Key Research Findings and Conclusion
20.2. Key Insights & Recommendations from Analysts
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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