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The deposit cash-in-transit services market will register the highest growth rate over the forecast period due to more transactions taking place by cash and increased utilization. The segment is also witnessing gains as a result of the shifting focus toward secure and safe packaging. It consists of multi-layered polymer resins. The manufacturers are now including advanced structures to boost the superiority of these bags. Some of the existing deposit bags in the market have advanced features, such as warning indicators. The development in security features is likely to boost the segment growth over the forecast period. The fabric segment will register the highest growth rate over the forecast period as it doesn’t get damaged easily. Over the past few years, various manufacturers have been shifting toward developing fabric bags with a completely degradable film. Fabric bags are considered more sustainable and secure as compared to paper and other bags. These factors are anticipated to promote segment growth.
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