Indicative Seals Market

Indicative Seals Market: Overview

Indicative seals are security seals that used to secure various products such as bags. Indicative seals helps to prevent tampering and counterfeiting of products. The need for secure transfer of cash, gold, or any other valuables from one place to other has become as an imperative part of day-to-day processes which can be ensure by indicative seals attached with security bags.

The indicative seals market trend for food applications is shifting to become light in weight, with constant efforts to reduce cost and achieve sustainability targets. The demand for lightweight indicative seals creates opportunities for bag seal and closure manufacturers, as they focus on developing innovative products in order to gain the first mover advantage.

Also, material saving is beneficial for manufacturers, and stimulates more investment in new and innovative products. Most of the prominent manufacturers of plastic indicative seals are spending high amounts of money on the research and development of these seals.

Many indicative seals manufacturers such as Mega Fortis collaborated with several casinos for providing security bags with indicative seals and other equipment with integrated RFID technologies in order to sustain in the indicative seals market.

With an increase in the demand for indicative seals from the financial sector, key players that operate in the indicative seals market are expected to grab this opportunity. Also key players in the market are focusing on incorporating latest technologies, such as sequential barcoding, use of RFIDs and temper-evident seals & closures.

In many developed GCC countries, such as UAE, Saudi Arabia and Qatar are planning to intensify investment in the security solutions such as indicative seals market in order to back smart city initiatives in the upcoming years.

Indicative Seals Market: Regional Outlook

Asia Pacific is expected to dominate the indicative seal market in the near future. The Middle-East, especially GCC countries has geographical proximity with trade giants in Europe & Asia-Pacific. Hence, with continuous growing trade relations between these regions, courier & logistics service providers in this region have seen sharp upsurge over the last two decades in the indicative seals market.

Indicative Seals Market: Key Players

Some of the key players in the indicative seals market are as follows:

• TruSeal (Pty) Ltd.
• Vikela Aluvin Pty Ltd
• MM Megafortris Co., Ltd.
• Tyden Group
• MEGA FORTRIS GROUP
• CATHAY SEAL PTE LTD
• LEGHORN GROUP
• HSA International Group
• ITW Envopak Limited
• Harwal Group

Indicative Seals Market: Key Developments

Key players operating in the indicative seals market focus on the marketing of its products through various exhibitions to enhance their customer base and market presence. Some of the major developments of indicative seals market are as follows:

• In Jan 2014, HSA Security Seals participated in Intersec 2014 –World’s leading trade fair for Security, Safety and Fire Protection
• In February 2016, TruSeal Pty Ltd. developed a new range of security seals for shipping containers.
• In 2017, the Vikela Aluvin Pty Ltd expanded its manufacturing capacity, and invested in technology to develop and innovate new products.
• Harwal Group collaborated with UAE Bank for providing security solutions.
• In May 2014, Mega Fortris Middle East expanded its operations to a bigger facility with a bigger warehouse in Dubai Silicon Oasis.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Indicative Seals Market: Segmentation

On the basis of product type, global indicative seals market can be segmented as:

• Cable Seals
• Fixed Length Seals
• Pull-through Seals
• Specialty Seals

On the basis of material, global indicative seals market can be segmented as:

• Plastic
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Metal

On the basis of end use, global indicative seals market can be segmented as:

• Logistic Services
• Financial Institution
• Hospitals
• Hotels
• Courier Services Companies
• Academic Institutions