Global Flexitanks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global flexitanks market in its upcoming report titled, “Global Flexitanks Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global flexitanks market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flexitanks market report has been segmented on the basis of product type, application, and region.

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A Flexitank is a bag that fits into a standard ISO container and is used for transport or storage of a non-regulated liquid inside a cargo transport unit (container). Flexitanks are prepared using different types of materials such as Multilayer polyethylene, single and double layer polyethylene, barrier tanks, PVC, and bottom discharge. Flexitanks are capable of holding carbon fuels and are not effected by products such as Jet-A1, transformer oil and other fuels.

Rising storage and transportation costs and increasing demand from various sectors such as food and beverages, pharmaceutical, oil and gas sectors, etc. for containers that are cost-effective, easy for loading and unloading as compared to standard ISO tanks and drums are major factors driving growth of the global flexitanks market. In addition, various benefits of flexitanks such as high storage capacity, compatible to carry various liquids including hazardous chemicals, multi-use, protection of products from other contaminations, and easy load and discharge are other factors expected to support growth of the global flexitanks market.

However, limitations to use of flexitanks such as non-availability of proper set-up for loading and unloading of products, leak or breakage to flexitank will result in total loss for shipper, etc., which are factors expected to limit growth of the global flexitanks market over the next few years.

North America market is expected to dominate in the global flexitanks market with higher revenue share as compared to other regional markets, owing to increasing transportation activities from food and beverage, pharmaceutical, and other sectors, and presence of prominent players operating in this region. Europe market accounts for second-largest revenue share in the global flexitanks market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue. This can be attributed to rapid industrialization and increasing commodity exports in emerging economies in this region.

Global Flexitanks Market Segmentation:

By Product Type:

• Single trip
• Multi trip

By Application:

• Foodstuffs
• Wine & Spirits
• Chemicals
• Oils
• Industrial Products
• Pharmaceutical Goods

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa