The global demand for Flexitank Market is presumed to reach the market size of nearly USD 3713.41 MN by 2028 from USD 591.79 MN in 2021 with a CAGR of 30% under the study period 2022 - 2028.
A Flexitank is a hermetically sealed, collapsible, flexible bag or bladder that fits inside a standard container or a twenty-foot dry van. It's a bulk liquid storage unit with numerous layers of polyethylene and a woven polypropylene outer covering. Flexitanks are commonly used to transport food-grade products such as edible oil, fruit concentrates, drinks, and non-hazardous chemicals due to their high efficiency and superior contamination protection. Flexitanks are the most convenient way to transport non-hazardous commodities in bulk, such as chemicals and food.
Market Dynamics
Because of the growing need to reduce the weight of bulk packaging to increase freight cost-effectiveness, the flexitank market is predicted to develop. Low labor and logistic costs connected with flexitanks handling, zero cleaning expenses due to one-time usage, and environmental friendliness are a few more aspects that are likely to drive product demand in the following years. However, flexitank contents spilling or breaking result in a total loss for the shipper, limiting product use for hazardous liquid transportation, therefore restricting overall flexitank market expansion.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of flexitank. The growth and trends of flexitank industry provide a holistic approach to this study.
Market Segmentation
This section of the flexitank market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Loading Type
- Top Loading
- Bottom Loading
By Application
- Food-Grade Liquids
- Non-Hazardous Chemicals/Liquids
- Pharmaceutical Liquids
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Flexitank market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Flexitank Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the flexitank market include Qingdao BLT Packing Industrial Co., Ltd. (BLT), Braid Logistics UK Ltd., Bulk Liquid Solutions Pvt. Ltd., Büscherhoff Packaging Solutions GmbH, Environmental Packaging Technologies, Inc., Full-Pak, K Tank Supply Ltd., Mak & Williams Flexitank Supply Ltd., MY FlexiTank (MYF), KriCon Group BV, Qingdao LAF Packaging Co., Ltd., SIA FLEXITANKS, Yunjet Plastics Packaging, Trans Ocean Bulk Logistics Ltd., TRUST Flexitanks. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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