"Assisting You in Establishing Data Driven Brands"

Cash in Transit Bags Market Size, Share & Industry Analysis, By Product Type (Deposit Bags, Shipping Bags, Coin Bags, Others), By Material Use (Plastic, Paper, Fabric), By Application (Retail, Financial Institutions, Casino, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104510 | Status : Ongoing



Cash in transit bags is a carrier that is specifically designed for moving a large amount of cash from one location to other. The certain positive attributes of the usage of the product include the transfer of cash is more secure, it assists to protect the cash from bad weather conditions, and others. The increasing consumption of the product for the transportation of cash from one branch of bank to another is likely to generate more needs for the product. Furthermore, the innovation of smart cash transit bags which has built-in GPS for security purposes to easy track in case of robbery or loss acts as an opportunity for market growth. For instance, Satcom Cash Bag S100 comes with the capability of tracking the bag and provide information regarding the status of the location and also gives an alert when there is low cash.

The growing popularity of the usage of the product for cash supply to ATM points around the world act as a driving factor for the market growth. The rising growth of the casino industry resulting in an increase in the transportation of cash to and from the casino has played an important role in the growing demand for the cash transit bags. For instance, according to the American Gaming Association data issued, in 2018 the American commercial casino industry is estimated to generate a revenue of USD 41.6 billion. Furthermore, the increasing placement of different types of vending machines in various countries is helping to propel the need for the product. Additionally, the rising trend of the use of coin parking meter in developed and developing countries around the world has also contributed to the growing demand for cash in transit bags.

Nevertheless, the rising usage of digital money transaction across various industry sectors act as a hampering factor for market growth.

Up Arrow

Key Market Driver -

The increasing popularity for the use of the product across the globe for cash supply to ATM points act as a driving factor for the market growth

Down Arrow

Key Market Restraint -

The use of digital money transaction act as a restraining factor for the market growth

Key Players Covered:

Controltek, ITW Envopak Limited, ProAmpac Holdings, LLC, Harcor Security Seals Pty Ltd, Dynaflex Pvt. Ltd, Adsure Packaging Ltd, Shields Bags & Printing C, and others are the key companies operating in cash in transit bags.

The cash in transit bags market is segmented into product type, material use, application, and geography.

On the basis of product type, the market is fragmented into deposit bags, shipping bags, coin bags, and others(strap bags, stock bags, custom bags). Deposit bags are projected to be the largest segment on an account of being convenient and popularity use especially for small businesses and people depositing money to the bank. Likewise, its ability to carry a limited amount of cash makes it safer from a robbery which thus upsurges the consumption of this segment.

Based on material use, the market is grouped plastic, paper, fabric. Plastic is anticipated to be the leading segment owing to its ability to protect the cash from getting wet, less prone to tearing, and is also easy to carry around while still providing durability.

By application, retail is estimated to be the prominent segment due to a large number of transactions of money from consumer to cashier is done through cash. Similarly, the rising establishment of a supermarket in various parts of the globe help to increase the demand in this segment.

Regional Analysis:

On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Asia Pacific is assessed to be the prominent market shareholder and is anticipated to continue throughout the forecast period of 2020-2027. The rising growth of the economy of this region leading to the increasing spending made on consumer goods items such as electronics, clothing, household goods, and others in retail outlets majority in cash has a significant contribution to the demand of the product. For instance, according to the Indian Brand Equity Foundation, August 2020, is declaring that the Indian FMCG sector is estimated to generate a revenue of USD 52.75 billion in the financial year of 2018.  Additionally, a large number of government organizations of various countries still receiving the majority of bills such as electric, water, and others in cash have resulted to upsurge the need for the product.

North America is estimated to display substantial growth in the cash transit bags market owing to a large number of its financial institutions such as investment banking, brokerages, the insurance company, and others taking high precautionary measures with the transaction of cash. A large number of theme park visitors in this region still popularly using cash as a mode of payment has also helped to generate traction. For instance, according to the Theme Entertainment Association data issued, is declaring that in 2019 the top 20 theme park of the United States experience an overall growth rate of 1.2% which is representing about 1.8 million new visits.

To gain extensive insights into the market, Request for Customization




By Product Type

  • Deposit Bags

  • Shipping Bags

  • Coin Bags

  • Others(Strap bags, Stock Bags, Custom Bags)

By Material Use

  • Plastic

  • Paper

  • Fabric

By Application

  • Retail

  • Financial Institutions

  • Casino

  • Others(Academic Institution, Hotels)

By Geography

  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)

Key Industry Developments-

  • In June 2020, Controltekusa cash transit bag producer announced that it is adding virtual site survey services for investigative loss prevention solutions to better support retailers while maintaining a pledge to the health and safety of employees and customers.

  • In October 2018, cash transit bag brand called ADSURE Packaging Limited declared that it has taken part Intelligent Security Tamper Evident Packaging Seminar.

  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Consumer Goods Clients

Health Canada

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.