Global Flexitanks Market (2020 to 2028) Size, Share and Trend Analysis Report
DUBLIN, September 29, 2021– (COMMERCIAL THREAD)–The “Flexitanks Market Size, Share and Trend Analysis Report by Product (Single Trip, Multi-Trip), by Application (Food, Chemicals, Industrials, Wine & Spirits, Oils, Pharmaceuticals) ), by region and segment forecast, 2020 – 2028 “ report was added to ResearchAndMarkets.com offer.
The global flexitank market size is expected to reach $ 3.31 billion by 2028, according to a new report from the publisher. It is expected to increase at a CAGR of 21.0% from 2020 to 2028.
Qingdao BLT Packing Industrial Co., Ltd. (BLT)
Braid Logistics UK Ltd.
Bulk Liquid Solutions Pvt. Ltd.
Buscherhoff Packaging Solutions GmbH
Environmental Packaging Technologies, Inc.
K Tank Supply Ltd.
Mak & Williams Flexitank Supply Ltd.
MY FlexiTank (MYF)
KriCon BV Group
Qingdao LAF Packing Co., Ltd.
Yunjet plastic packaging
Trans Ocean Bulk Logistics Ltd.
The growth in the global trade of various liquid food products, chemicals, pharmaceuticals and industrial products is mainly increasing the growth of the market.
The lower costs associated with flexitanks compared to conventional bulk liquid transport containers, such as ISO containers, IBCs, drums and barrels, are likely to propel their demand. In addition, flexitanks carry higher payloads than IBCs and drums, which turns out to be a more economical means of bulk transport.
The majority of flexitanks are designed for single use, which reduces the risk of contamination of packaged products. This superior protection against contamination makes it an ideal bulk packaging choice for food grade liquids and pharmaceuticals. In addition, flexitanks do not require a forklift or other mechanism, which makes loading and unloading much faster. The aforementioned factors attract several application industries.
Low cost compared to multi-trip flexitanks, wide availability and lower risk of contamination are the key factors responsible for the high adoption of single-trip products. However, the growing trend towards sustainability is likely to hold back the growth of one-way flexitanks. In addition, an increasing demand for packaged liquid products, such as juices, wines and spirits, due to the increasing penetration of the organized retail sector and the substantial growth of the middle class population, in particular in emerging countries like China and India, is expected to fuel market growth.
Highlights of the Flexitanks Market Report
The single-trip products segment accounted for the largest 93.8% share of sales in 2020 due to the excellent protection against contamination, low cost, high availability and non- cleaning requirement as they are consumable.
The food applications segment is expected to grow at the fastest revenue-based CAGR from 2020 to 2028. The growing demand for packaged beverages and liquid food additives is mainly contributing to the growth of the segment.
The chemical applications segment is expected to experience substantial growth from 2020 to 2028. This growth can be attributed to the growing popularity of flexitanks, as well as the fact that all non-toxic liquid chemicals can be transported using flexitanks.
Asia-Pacific has emerged as the main regional market and accounted for 64.43% of the total volume in 2020. The increase in commodity trade, along with increased market penetration, is expected to drive the growth of the regional market.
The market is very fragmented with the presence of a large number of medium-sized companies. Major players focus on competitive product prices and introduce new products to the market to attract end user companies
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Market Variables, Trends and Scope
3.1. Market lineage outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.3.1. Analysis of main commodity trends
3.3.2. Manufacturing trends
3.3.3. Analysis of sales channels
3.4. Regulatory framework
3.5. Technological framework
3.6. Flexitank Market – Market Dynamics
3.6.1. Market driver analysis
3.6.2. Analysis of market restrictions
3.6.3. Industry challenges
3.7. Analysis of commercial environmental tools: Flexitanks market
3.8. Major strategic agreements and alliances
3.9. Market entry strategies
Chapter 4. Flexitanks Market: Product Estimates and Trend Analysis
Chapter 5. Flexitanks Market: Application Estimates and Trend Analysis
Chapter 6. Flexitanks Market: Regional Estimates and Trend Analysis
Chapter 7. Competitive landscape
7.1. Key global players, their initiatives and their impact on the market
7.2. Categorization of key companies
7.3. Supplier landscape
7.3.1. List of main distributors and distribution partners
7.3.2. The main clients
7.3.3. Analysis of the company’s position on the market
7.4. Private companies
7.4.1. List of the main emerging companies
Chapter 8. Company Profiles
For more information on this report, visit https://www.researchandmarkets.com/r/za2o42
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210929005406/en/
Laura Wood, Senior Press Director
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