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Security Seals Market By type (Cable seals, Padlock, Bolt Seals, Plastic Seals, Electronic Tracking and Sensing Seals, Tamper-Evident Seals and Others); By application (E-Commerce, Cash in Transit, Security Station, Government, Chemicals Utilities, Airlines and Transportation, Post Services, Customized Solutions and Others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Security seals are a tool used to seal the containers, packaging material, or other products in a manner that offers some degree of security and protection against abuse. Such seals can help users avoid contamination, either accidental or intentional, by theft. Protection seals are widely used to protect duty-free vessel containers, truck trailers, gas barrels, service meters, and airline trolleys. Over the past few years, safety seals have been widely used as an effective way to protect items in vulnerable spaces. Security and safety issues among users in a variety of industries, such as banking, manufacturing, and courier service, are expected to drive the global security seal market.
Security seals are made more cost-effective by technical developments in safety seals. It is expected that the production of stronger and more sophisticated security seals would improve the demand for safety seals. In addition, mixed metals or specialized materials are more difficult to crack but make obvious slight hacking attempts, which in turn drive the seal's industry as well. In addition, it is also expected that stringent legislation implemented by regional and government bodies to pursue healthy and secure business practices across diverse industries would drive the seal's industry. Users prefer seals for safety to provide a simple, effective, and inexpensive solution for protection. The possibility of piracy and theft of goods due to weak security management has pushed the global seals market further 
Source: Fatpos Global
By type, the market can be segmented into Cable seals, Padlock, Bolt Seals, Plastic Seals, Electronic Tracking and Sensing Seals, Tamper-Evident Seals, and Others.
The application segment can be classified into E-Commerce, Cash in Transit, Security Station, Government, Chemicals Utilities, Airlines and Transportation, Post Services, Customized Solutions, and Others. Strides made by the e-commerce industry were strong undercurrent. With numerous features and real-time monitoring, brands become cautious about the issues of unauthorized access demand solutions. Thereby spurring the segment demand.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Rising global trade is expected to be a major factor in improving the global security seal market. Global trade is rising at 3.8 percent per year, according to the International Monetary Fund (IMF). This drives the transport and logistics industries, which in turn boosts the market for safety seals. Owing to its broad use in the transport and logistics industries, safety seals are preferred. Their versatility and durability are expected to further fuel demand. In addition, it is also expected that stringent legislation implemented by regional and government bodies to pursue healthy and secure business practices across diverse industries would drive the seal's industry. Users prefer seals for safety to provide a simple, effective, and inexpensive solution for protection. Possibility of piracy and theft of goods due to weak security management has pushed the global seals market further. Moreover, they are made more cost-effective by technical developments in safety seals. It is expected that the production of stronger and more sophisticated security seals would improve the demand for safety seals. In addition, mixed metals or specialized materials are more difficult to crack but make obvious slight hacking attempts, which in turn drive the seal's industry as well.
APAC region has shown tremendous sales potential for new opportunities in the security seal industry. In expanding this regional sector, strides made by the e-commerce industry were a strong undercurrent. With numerous features and real-time monitoring, brands become cautious about the issues of unauthorized access demand solutions. The rising customization trend has spurred new business opportunities in North America. Technological developments are also increasing demand in the regional market.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Key players are launching innovative products and providing users with reliable security solutions which are expected to improve security seal sales. In addition, emerging players across the globe are emphasizing the production of a wide range of safety seals and providing tailored solutions to meet rising consumer needs.
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