Cargo Security Seal Market Expected To Grow Owing To Growth In Shipping Industry By 2026

Posted on 2021-05-17 by Future Market Insights, Inc in Retail // 0 Comments

Global Cargo Security Seals Market: An Overview

Cargo security seals are intended to secure shipping truck, trailers and containers. They help prevent forced entry and tampering. They are extensively used in the shipping industry across the world.

The global cargo security seals market is expected to grow on the backdrop of the growth of the shipping industry. Growth in global trade is expected to be a key factor driving the global cargo security seals market.

Furthermore, growth in the penetration of the Internet and e-commerce is expected to play a pivotal role in the growth of the global cargo security seals market.

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Moreover, they are available in a range of colours, which enables easy product differentiation and colour coding. The outlook for the growth of the global cargo security seals market is expected to be positive during the forecast period.

Global Cargo Security Seals Market: Dynamics

Furthermore, growth in the penetration of the Internet and e-commerce is expected to play a pivotal role in the growth of the global cargo security seals market. Modern technology integration is expected to play a key role in shaping the global cargo security seals market.

Technology, such as barcodes, is now being used on cargo security seals to keep track of cargo. Developing countries such as India and China have already witnessed meteoric growth in the organised retail market in the past few decades.

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Global Cargo Security Seals Market: Segmentation

The global cargo security seals market is segmented as follows –

On the basis of material, the global cargo security seals market is segmented into –

Plastic
Metal

On the basis of product type, the global cargo security seals market is segmented into –

Bolt seals
Cable seals
Tamper-evident seals
Barcoded seals
Others

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On the basis of end use, the global cargo security seals market is segmented into –

Bulk Tankers
Container Seals
Drums
Hatches
Truck Seals
Trailer Seals
Rail Cars
Others (Tote Boxes, Valves, etc.)

Global Cargo Security Seals Market: Regional Outlook

The North America security seals market is expected to be in the leading position during the forecast period, although it is likely to witness tough competition from the Asia Pacific security seals market in terms of growth.

China is expected to account for a lion’s share of the total Asia Pacific security seals market value during the forecast period.

Government initiatives in China and India that support local manufacturing are expected to boost the export capacity of these countries, due to which the export volume is likely to double over the next decade.

Therefore, the cargo security seals market is estimated to witness sizeable demand during the forecast period, especially from developing countries.

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Global Cargo Security Seals Market: Key players

Some of the key participants operating in the global cargo security seals market are –

American Casting Mfg.
Transport Security, Inc.
W. Grainger, Inc.
J. Keller & Associates, Inc.

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