Fixed Length Seals Market: An Overview
Fixed length seals are security seals which have a fixed operational length. These seals are available in a variety of lengths so as to accommodate different applications. Fixed length seals do not have sliding feature, these seals lock into the place by clicking, and this feature makes them more tamper resistant than variable length seals with sliding mechanisms. Fixed length seals can be numbered or embossed to make them even more resistant to tampering. The overall outlook for fixed length seals is expected to remain positive and grow at a healthy CAGR during the forecast period, as these seals are relatively a newer segment to the seals & closure market and have extensive applications. Manufacturers of fixed length seals offer these seals in a variety of sizes and dimensions to cater to different applications.
Fixed Length Seals Market: Dynamics
Fixed length seals are gaining traction due to their extensive application in transportation and logistics. These seals are used throughout the supply chain to prevent losses occurred due to tampering. The fixed length seals market is primarily driven by the demand generated by the transportation and logistics industry. Owing to the functionality as well as flexibility fixed length seals impart to the packaging, their applications are expected to increase. This is expected to fuel the demand for fixed length seals during the forecast period.
However, end-use manufacturers do not prefer these seals for the applications where the print area of the needs to be larger. To overcome this, the manufacturers of fixed length seals have incorporated their seals with barcodes so that all the product information can be put on the seal.
In July 2018, Acme Seals launched two new seals to provide their clients with upgraded versions of their Bulldog Seal and M Seal, which are among their best selling products.
Such product innovations by the manufacturers are expected to contribute to growth in demand for fixed length seals.
Fixed Length Seals Market: Segmentation
Globally the fixed length seals market has been segmented on the basis of product type, material, applications and end use industries.
On the basis of product type, the global fixed length seals market has been segmented as follows
Padlock fixed length seals,Truck fixed length seals,Tote fixed length seals,Others
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On the basis of material, the global fixed length seals market has been segmented as follows
Plastic(Polypropylene,Acrylic,Polyamide & Polyethylene) & Metal
On the basis of applications, the global fixed length seals market has been segmented as follows
Boxes and Cartons,Drums and Containers,Bags & Pouches,Product Tags,Transportation vehicles,Others (Doors, First aid boxes, Fire extinguishers etc.)
On the basis of end use industries, the global fixed length seals market has been segmented as follows
Food service,Medical devices & pharmaceuticals,Transport & logistics,Consumer goods & Others
Fixed Length Seals Market: Regional Outlook
Geographically, the global fixed length seals market has been segmented into seven key regions, which includes North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excl. Japan (APEJ), Japan, and Middle East & Africa (MEA). Countries in the Asia Pacific region are projected to be the most lucrative market for fixed length seals. This can be attributed to increased consumer spending on packaged goods coupled with significant rise in trade activities. North America market is expected to dominate the fixed length seals market followed by Western Europe.
Fixed Length Seals Market: Key Players
Examples of some of the key players operating in the global fixed length seals market are TydenBrooks, Acme Seals Limited, Essentra PLC, Unisto AG, Cambridge Security Seals, Mega Fortris (Malaysia) Sdn. Bhd., American Casting & Mfg. Corp., Versapak Security Seals, Innovic Seals, Total Seal USA, Beloma Beira Logistics Management, and Vikela Aluvin Pty. Ltd. among others. Many regional and unorganized players are expected to contribute to the global fixed length seals market during the forecast period.