Global Flexitanks Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Flexitanks Market By Product, Type, Material, and Applications: Global Opportunity Analysis and Industry Forecast, 2018–2025,” the Flexitanks Market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Flexitanks are bulk liquid storage bag or bladder made up of multilayer of materials such as polyethylene and woven polypropylene. Flexitanks are used to transport goods such as base oils, alcoholic beverages, glycerin, pharmaceutical and chemical but not hazardous liquids. However, lot of care need to be taken as the container from inside must be free from rust, nails, and sharp edges. Flexi tanks converts box metal container into tanker. These storage systems come in both top loading and bottom loading options.
Increased demand for flexitanks from end use sectors like food & beverages, chemicals and pharmaceutical is expected to further drive the flexitanks market. Its cost effectiveness, fold ability, and higher capacity is the driving the demand for flexitanks globally. However, risk of leakage, fluctuation in prices of raw materials and inability to transport hazardous liquids are some of the factors expected to hamper the growth of flexitank market globally.
This report provides a detailed analysis of Flexitanks market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
Global flexitanks market is majorly segmented on the basis of Product (Monolayer, Bi-layer, and Multilayer) Type (Single Use, Reusable), Material (Polyethylene, and Polypropylene) and Application (Food Grade Liquids, Non-hazardous Chemicals, Industrial Liquids, and Agricultural Liquids).
By geography, Global Flexitanks market is studied across North America, Europe, Asia-Pacific, and LAMEA. Progressive business environment combined with the growing demand for flexitanks from end use sectors is fuelling the growth of flexitanks market in Europe. Growth of flexitanks market in North America region is influenced by factors such as e as huge export import numbers, existence of large industries and changing business dynamics. Expansion of international trading activities, enhanced industrialization and countries like India and China are driving the growth of flexitanks market in Asia-Pacific region.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in Global Flexitanks Market and what are their strategies? • What segment and region will lead the market and why?
The major companies profiled in the report include: TransOcean Bulk Logistics Ltd, SIA Flexitanks Ltd., Qingdao LAF Packaging Co. Ltd, Bulk Liquid Solutions, Mak & Williams, BLT Flexitank, Trust Flexitanks, MY FlexiTank, and KriCon Group BV.
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