Report Details-
Global Flexitank Market, By Product (Monolayer, Bi-layer, Multilayer), Type (Single Use, Reusable), Loading Type (Top Loading, Bottom Loading), Material (Polyethylene, Polypropylene, Others), Application (Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights of Flexitank Market
The flexitank market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to rise to USD 3,988.685 million by 2029 and to grow at a CAGR of 21.0% in the above-mentioned forecast period.
Flexitanks, also referred as flexibags, are made up of multilayers of polyethylene and an outer layer of woven polypropylene, and are commonly used to transport materials such as juices, wines, non-hazardous chemicals, and other materials across international borders. They are useful in transportation of bulk quantities of products and are used across various application such as the food grade liquids, non-hazardous chemicals, industrial liquids, agricultural liquids and others.
The increasing demand of wine across the globe and highly competitive benefits over other available products are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the flexitank market in the forecast period are the portable setups and initiatives taken by government to incorporate green logistic practices will further carve the way for the growth of market in the forecast period of 2022 to 2029. In addition to this, the growth in the global trade of food-grade liquids, non-hazardous chemicals, and pharmaceutical liquids are further expected to cushion the overall markets growth. The competitive benefits of flexitanks over their traditional substitutes, such as ISO containers, drums, barrels, and IBCs are projected to boost the market’s growth in the above-mentioned forecast period. On the other hand, the availability of the substitutes are expected to impede the growth of the flexitank market. The toppling risk associated with the use of flexitanks are also projected to hamper market’s overall growth in the forecast period of 2022 to 2029.
Global Flexitank Market Scope and Market Size
The flexitank market is segmented on the basis of product, type, loading type, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
On the basis of product, the flexitank market is segmented into monolayer, bi-layer and multilayer. Multilayer segment holds the largest market share due to its high durability and strength.
On the basis of type, the flexitank market is segmented into single use and reusable.
On the basis of loading type, the flexitank market is segmented into top loading and bottom loading
On the basis of material, the flexitank market is segmented into polyethylene, polypropylene and others. Polyethylene’s have been segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE).
Flexitank market is segmented in terms of market value, volume, market opportunities and niches into multiple applications. The application segment for flexitanks market include food grade liquids, non-hazardous chemicals, industrial liquids, agricultural liquids and others.
Flexitank Market Country Level Analysis
The flexitank market is analyzed and market size, volume information is provided by product, type, loading type, material and application as referenced above.
The countries covered in the flexitank market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the flexitank market as the region is the rapid industrialization and increasing commodity exports from many countries such as Thailand, Malaysia, Indonesia, India, China and Vietnam within the region in the above-mentioned forecast period. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to the increasing transportation activities from food and beverage, pharmaceutical, and other sectors, and presence of prominent players operating in this region.
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Competitive Landscape and Flexitank Market Share Analysis
The flexitank market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flexitank market.
Some of the major players operating in the flexitank market report are
v Bulk Liquid Solutions,
v SIA FLEXITANKS,
v Qingdao LAF Packaging Co., Ltd.,
v Hengxin Plastic Co.,Ltd.,
v Qingdao Global Flexitank Logistics,
v TRUST Flexitanks,
v Rishi FIBC Solutions PVT. Ltd.,
v PROAGRI SOLUTIONS LLC.,
v Anthente International,
v MYFLEXITANK,
v Hinrich Industries.,
v bornitflexi,
v UWL, Inc.,
v Sun Logistics and
v Büscherhoff Packaging Solutions GmbH,
among others.
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Major TOC of the Report
· INTRODUCTION
· MARKET SEGMENTATION
· MARKET OVERVIEW
· EXECUTIVE SUMMARY
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