Vidhi Kapoor According to IMARC Group’s latest report, titled “Flexitanks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global flexitanks market size reached US$ 772 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,106 Million by 2027, exhibiting a growth rate (CAGR) of 17.8% during 2022-2027.
Flexitanks refer to storage bags or pouches that help in the bulk transportation of non-hazardous liquids stored in a dry shipping container. They are made utilizing several layers of polyethylene, lined with cardboard and corrugated paper, and covered using woven polypropylene. Flexitanks are safe, thin, cost-effective, offer high operational efficiency, and enhance protection against contamination as compared to intermodal containers. Consequently, they find extensive applications in numerous sectors, such as food, chemical, oils, pharmaceutical, wine and spirits, etc.
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Flexitanks Market Trends:
The expanding in international trade, owing to the growing global population, the escalating need for food, and the declining arable land area are among the key factors driving the flexitanks market. In addition to this, the implementation of various stringent guidelines and regulations by governing bodies across countries aimed at preventing safety issues during the shipment of food-grade products, pharmaceutical materials, and non-hazardous chemicals is further stimulating the market growth.
Apart from this, the rising environmental concerns across the globe and the elevating focus among leading market players on collaborating with other companies to develop flexitanks employing renewable and recycled materials are acting as significant growth-inducing factors. Furthermore, the inflating investments in research and development (R&D) activities to improve the yielding strength and durability of the products to ensure safe transportation and the shifting preferences toward imported alcoholic beverages are also positively influencing the global market. Besides this, the increasing demand for monolayer products, on account of their lower product cost, is anticipated to bolster the flexitanks market in the coming years.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Braid Logistics UK
- Bulk Liquid Solutions (P) Ltd
- Büscherhoff Packaging Solutions GmbH
- Full-Pak
- Hengxin Plastic Co. Ltd.
- JF Hillebrand
- MY FlexiTank
- SIA Flexitanks
- TRUST Flexitanks
- Yunjet Plastic Packaging
Key Market Segmentation:
The report has categorized the market based on product and application.
Breakup by Product:
- Single-Trip
- Multi-Trip
Breakup by Application:
- Food
- Wine & Spirits
- Chemicals
- Oils
- Pharmaceutical Goods
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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