Description
Global Flexitanks Market by Product Type (Monolayer Flexitanks and Multilayer Flexitanks); By Loading Type (Top Loading and Bottom Loading); By Application (Food-Grade Liquids, Non-Hazardous Chemicals/Liquids, Pharmaceutical Liquids and Others); By Region (North America, Asia-pacific, Europe, Latin America and Middle-East and Africa)- Analysis of market share, size & trends for 2016-19 and forecasts to 2030.
Product Overview
Flexitank is used for storing and transporting non-poisonous liquids for industrial and also for edibles purpose, like water, juice, diesel, food, edible oil, non-hazardous chemicals, syrups, pharmaceutical drugs and others. Flexitanks are made up of several layers of polyethylene and offers protection against contamination. Flexitanks are developed to ensure that the value and standard of the product is maintained during the transportation. With rapid industrialization and globalization, products are manufactured at one place but are demanded or consumed at other places and this is possible only when relevant transportation facilities are present.
Market Highlights
Flexitanks Market is anticipated to exceed USD 1297.34 million by 2030 from USD 356.13 million in 2019 at a CAGR of 19.93% throughout the forecast period, i.e., 2020-30. The Flexitanks Market is estimated to grow on the back of following reasons. The main drivers of the Flexitanks Market are rise in international trade of food & beverages, non-harmful chemicals, and flexible storage. Moreover, competitive advantages offered by flexitanks such as easy transportation, lower cost, & no repositioning costs coupled with increasing demand from end-user industries are likely to steer the market demand for flexitanks.
Global Flexitanks Market: Segments
Monolayer flexitanks to lead the demand for flexitanks due to its advantages over multilayer flexitanks
On the basis of type, the flexitanks market is segmented into monolayer flexitanks and multilayer flexitanks. The monolayer segment accounted for a major share in 2019 and is anticipated to be the fastest growing segment during the forecast period due to greater carrying capacity than multilayer flexitanks and more competitive advantages offered by monolayer flexitanks. These are used for transporting and storing all types of non-hazardous liquids and semi-solid goods. Thus, rising export and import is projected to boost the demand of monolayer flexitanks in upcoming years.
Global Flexitanks Market: Market Dynamics
Drivers
Competitive advantages of flexitanks to propel the growth of the market
Increase in the trade of exporting beverages worldwide, has supplied ignition to the growth of Flexitank market during the forecast period. Additionally, the services offered by flexitanks are cost-effective as compared to other drums &vessels and consequently businesses appraise employing Flexitanks as supreme alternative for decreasing transportation costs. This, however, will propel the market growth during the forecast period.
Global Flexitanks Market: Region
Asia-Pacific to grow at the highest CAGR during the forecast period
Global Flexitanks Market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. Geographically, Asia-Pacific is likely to dominate the market due to rapid industrialization and the concentration of major wine exporting industries in the region. Moreover, increased production of industrial products and non-hazardous chemicals is gaining the attention of flexitanks across the region. Growth aspects including expansion of end-user industries such as chemical, pharmaceutical, and food & beverage, will propel the market demand. Subsequently, Europe is anticipated to grow at a CAGR of XX% due to increase in industrial and chemical production in the region.
· Key Players
· SIA Flexitanks
o Company overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
· Braid Logistics
· Hengxin Plastic
· Environmental Packing Technologies
· Proagri Solutions
· Bulk Liquid Solutions
· Qingdao Global Flexitank Logistics
· Trust Flexitanks
· Myflexitank
· Trans Ocean Bulk Logistics
Global Flexitanks Market Report also contains an analysis on:
· Cloud Retail Comprehensive Market by segment:
o By Type
▪ Monolayer Flexitanks
▪ Multilayer Flexitanks
o By Loading Type
▪ Top Loading Flexitanks
▪ Bottom Loading Flexitanks
o By Application
▪ Food-Grade Liquids
▪ Non-Hazardous Liquids/Chemicals
▪ Pharmaceutical Liquids
▪ Others
o By Region
▪ North America
▪ Latin America
▪ Europe
▪ Asia-Pacific
▪ Middle east and Africa
· Flexitanks Market Size
· Flexitanks Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints
