Flexitanks Market Size And Forecast
TheGlobal Flexitanks Market report provides a holistic evaluation of the marketfor the forecast period. The report comprises various segments as well as ananalysis of the trends and factors that are playing a substantial role in themarket. These factors; the market dynamics involve the drivers, restraints,opportunities, and challenges through which the impact of these factors in themarket is outlined. The drivers and restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market. The GlobalFlexitanks Market study provides an outlook on the development of the market interms of revenue throughout the prognosis period.
Flexitanks Market was valued at USD 414.3 Million in 2019 and isprojected to reach USD1760.6 Million by 2027, growing at a CAGR of 19.9 % from 2020 to 2027.
What is Flexitanks?
Flexitanks,which is composed of polyethylene (PE) and polypropylene (PP), is a soft,high-strength, light-weight and disposable bladder utilized for the bulkshipments of non-hazardous liquid stuff in a standard 20-foot ISO container.The installation of a 24,000-liter flexitank takes approximately 10-20 minutes.Once the installation is completed, it is only a matter of connecting lines tothe flexitank and then turning on a pump to initiate filling. Depending on theviscosity of the merchandise, the loading period can take as few as 30-45minutes. Once the loading is completed, the loaded flexitank within the ISOcontainer can be conveyed by rail, road, or ship.
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The overall advantages of adoptinga flexitank in transportation are cost-effective in comparison with ISO tankcontainers or IBCs, has high payloads, have low weight and space, no return,cleaning and demurrage cost are applied, possess lower labor/time consuming forhandling & loading, it provides clean asepsis and no risk of contamination,it is environmentally friendly, does not require a forklift and can be rapidlypositioned by airfreight if urgently needed.
Flexitanksare only proper for the transportation and storage of non-hazardous liquid,which includes food liquors, industrial oil, and non-hazardous liquids. Foodliquor comprises, wine, edible oil, concentrated juice, food additive, mineralwater, malt extract, syrup, etc. Whereas, Industrial Oil includes lubricatingoil, lubricant additive, transformer oil, mineral oil, China wood oil (tungoil), glycerin, etc. On the other hand, Non-hazardous liquid chemicalencompasses plasticizer, synthetic resin, propylene glycol, ethylene glycol,herbicide, fertilizer, natural emulsion, synthetic latex, etc.
GlobalFlexitanks Market Outlook
Inthe report, the market outlook section mainly encompasses fundamental dynamicsof the market which include drivers, restraints, opportunities and challengesfaced by the industry. Drivers and Restraints are intrinsic factors whereasopportunities and challenges are extrinsic factors of the market.
An increase in the trade of wine globally is driving the Flexitanks markets.Additionally, Flexitanks possessing competitive advantages over the otheralternatives boost the global market growth in the estimated period. However,high volatility in prices of raw materials is estimated to hamper marketgrowth. Furthermore, an increase in commodity trade in BRICS nations andupbringing new configurations in Flexitanks and providing a bigger size ofcontainers offer a lucrative opportunity. Whereas, the availability oflow-quality Flexitanks and containers at cheap rates is a challenging factorfor the market.
VerifiedMarket Research narrows down the available data using primary sources tovalidate the data and use it in compiling a full-fledged market research study.The report contains a quantitative and qualitative estimation of marketelements which interests the client. The “Global Flexitanks Market” is mainlybifurcated into sub-segments which can provide a classified data regardinglatest trends in the market.
GlobalFlexitanks Market Competitive Landscape
The“Global Flexitanks Market” study report will provide a valuable insight with anemphasis on global market including some of the major players such as BraidLogistics, Bulk Liquid Solutions, Environmental Packaging Technologies, SIAFlexitanks, Trans Ocean Bulk Logistics, Qingdao Laf Packaging, Hengxin Plastic,Qingdao Global Flexitank Logistics, Trust Flexitanks, Rishi FIBC, and Others.Our market analysis also entails a section solely dedicated for such majorplayers wherein our analysts provide an insight to the financial statements ofall the major players, along with its product benchmarking and SWOT analysis.The competitive landscape section also includes key development strategies,market share and market ranking analysis of the above-mentioned playersglobally.
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Flexitanks Market, By Type
•Monolayer Flexitanks
• Mutilayer Flexitanks
Flexitanks Market, ByLoading type
•Top Loading Flexitanks
• Bottom Loading Flexitanks
Flexitanks Market, ByApplication
•Food-Grade Liquids
o Wine, Spirits, and Alcoholic Beverages
o Edible Oils
o Juice, Juice Concentrates, and Syrups
o Others
• Non-Hazardous Chemicals/Liquids
• Pharmaceutical Liquids
Flexitanks MarketGeographic Scope
•North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Middle East & Africa
o Latin America
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