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Banks, armored couriers, and retailers are always in need of versatile security solutions. Tamper-evident bags help transport currency safely and securely.

Cash and coin deposit bags are becoming more feature-packed. While not new to the industry, tamper evident bank bags continue to be refined. Potential market and product trends in these bank security products show they are here to stay.

Market Forecast

Those responsible for the transport, storage, and processing of cash expect tamper-evident bags to display obvious signs of security issues—but if a bag is poorly designed, it may not. In the past, some bags could be resealed by thieves or tamper indicators could appear during routine handling.

Not only is the design of these bank security products rapidly changing, but there are notable trends emerging in the global market:

• From 2017–2022, a compound annual growth rate of 4% is anticipated.
• The market is projected to reach US$445 million in revenue.
• Financial institutions account for nearly 30% of the revenue share.
• Plastic continues to be the material of choice; it is widely available, low-cost, and versatile.
• The global plastic cash and coin deposit bag market is expected to exceed US$345 million by the end of 2022.
• Europe is expected to continue to be the leading market, with growth opportunities in the Asia Pacific region. ¹

Materials/Technologies

The materials and technologies now incorporated into tamper-evident bags used in the financial industry are making them more secure. In most cases, they’re made of multi-layer polymer resins that improve product quality. Tamper-evident closures and warning indicators on some bags are making them more versatile forms of security equipment.

Some technologies now integrated and seen in bank cash bags, coin bags, and bundle bags sold by ControlTek, include:

• Thermochromic ink: In the presence of heat, the ink turns red, revealing evidence the bag was tampered with.
• Tamper-resistant closures: Press seals and triple-seals with interior adhesive improve security while cash/coins are in transit.
• Serial numbers/barcodes: These are printed in a large format so they can be tracked using a CCTV security system.
• Security borders/micro printing: This makes it difficult to cut and reseal the bags without altering their original configuration and design.
• Void Messaging: This can reveal physical tampering attempts or the use of cold or chemicals to tamper with the bag.

Purchase Tamper-Evident Bags from CONTROLTEK

Designed to reduce theft and speed up investigations, our tamper-evident bank bags help make cash handling safer. They include TripLOK™, which includes micro perforations to reveal attempts to tamper with the closure. It also features an aqua-detect ink that reveals exposure to fluids.

The CoinLOK™ single-use coin bag is resistant to breakage and has a reinforced die-cut handle with triple-ply film that withstands high-stretch forces. For cash, SafeLOK™ provides various anti-tamper features, while SafeLOK™ VT adds a pocket for checks and deposit slips. PermaLOK™ for vaults has a side-weld construction and hot melt technology for a cost-effective security solution.

To learn more about CONTROLTEK’s tamper-evident bank security products, view our online brochures, purchase from our website, or call 888-808-6970 today.

Source:

1. https://ksusentinel.com/2021/02/23/cash-coin-deposit-bags-market-2017-latest-report-research-strategies-swot-analysis-future-development-trends-till-2022/