Press Release
Press Release
The rising demand for flexitanks for transportation of sensitive liquids in the pharmaceutical sector is driving the market growth. Flexitanks are light-weight and strong container, which is a great advantage of the product in this sector. Flexitank is a comparatively cheap option in the transportation sector, which is a major aiding factor in the market. The stringent government regulations across the emerging economies to counter the emission of greenhouse gases is likely to propel the demand for flexitanks, owing to the fact that flexitanks is eco-friendly and poses no harm to human life.
North America is anticipated to witness a considerable growth in the forecast period. The market in the region is anticipated to be driven by the rising demand for foodstuffs in countries like the United States of America and Canada. The rising demand for flexitanks to transport industrial products, owing to rapid industrialisation in the region, will also propel the market in the forecast period.
In March 2020, FESCO Transportation Group (MCX: FESH) collaborated with Rail Cargo Logistics to organise the first transportation of canola oil containers equipped with flexitanks. The transportation will happen from Krasnoyarsk territory to the port of Nantong, China.
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The major players in the global flexitanks market are Braid Logistics Group, Bulk Liquid Solutions (P) Ltd., Büscherhoff Packaging Solutions GmbH, Qingdao LAF Packing Co., Ltd., SIA Flexitanks Ltd., and MY Flexitank Industries Sdn Bhd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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