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Global Flexitanks Market: By Product: Single-trip, Multi-trip; By Application: Foodstuffs, Wine and Spirits, Chemicals, Oils, Industrial Products, Pharmaceutical Goods; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Flexitanks Market Outlook
The global flexitanks market stood at a value of around USD 1019 million in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 14% to reach USD 2237 million by 2027.
Multi-Trip Segment Holds a Significant Share in the Global Flexitanks Industry
The multi-trip flexitanks are gaining significant traction in various industries owing to the cost-effectiveness and efficiency offered by the product. Multi-trip flexitanks can be reused numerous times compared to single-trip products, thus, making the product more sustainable and cost-effective. In addition to this, multi-trip flexitanks are extremely durable and strong, which leads to enhanced transportation and storage of liquid products. Hence, these advantages are anticipated to propel the growth of this segment in the forecast period.
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The Asia Pacific Accounts for a Significant Share in the Flexitanks Industry
The flexitanks industry in the Asia Pacific is driven by the expansion of the major end use industries of flexitanks such as chemicals, oils, pharmaceuticals, and others. The growing efforts to reduce the weight of bulk packaging in order to improve the transportation of temperature-sensitive or hazardous liquids are likely to provide impetus to the market growth in the region. Furthermore, the stringent government regulations in countries like China, Japan, and others to promote eco-friendly transportation and packaging solutions are expected to aid the market.
Flexitanks: Market Segmentation
A flexitank is a collapsible container/bag which is kept in another dry container. The concept of flexitank was developed during the second world war in order to ship diesel or fuel. The tank can carry liquids and offer secure storage to liquid cargo in bulk. The capacity of flexitanks can exceed up to 24,000 litres of liquid.
Based on product, the market can be segmented into:
- Single-trip
- Multi-trip
The major applications of flexitanks include:
- Foodstuffs
- Wine and Spirits
- Chemicals
- Oils
- Industrial Products
- Pharmaceutical Goods
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Global Trade to Boost the Growth of the Flexitanks Industry
The rising application of flexitanks for shipping a range of liquid products, such as wines, juices, edible oils, fertilisers, pharmaceuticals, non-hazardous chemicals, and others is driving the market. The flexitanks industry is supported by factors like the growing global trade, rapid urbanisation, and the competitive benefits offered by the product over their traditional substitutes. In addition to this, the rising product demand in the food and beverages industry, which is being driven by the rising disposable incomes and changing lifestyles, is anticipated to propel the market growth in the forecast period. Moreover, the reduced labour and logistic cost associated with the handling and transportation of flexitanks and their eco-friendly nature is expected to further aid the market growth in the forecast period.
Key Industry Players in the Global Flexitanks Market
The report gives a detailed analysis of the following key players in the global flexitanks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Braid Logistics Group
- Bulk Liquid Solutions (P) Ltd.
- Büscherhoff Packaging Solutions GmbH
- Qingdao LAF Packing Co., Ltd.
- SIA Flexitanks Ltd.
- MY Flexitank Industries Sdn Bhd,
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region |
| Breakup by Product | Single-trip, Multi-trip |
| Breakup by Application | Foodstuffs, Wine and Spirits, Chemicals, Oils, Industrial Products, Pharmaceutical Goods |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Braid Logistics Group, Bulk Liquid Solutions (P) Ltd., Büscherhoff Packaging Solutions GmbH, Qingdao LAF Packing Co., Ltd., SIA Flexitanks Ltd., MY Flexitank Industries Sdn Bhd,, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Flexitanks Market Analysis
8.1 Key Industry Highlights
8.2 Global Flexitanks Historical Market (2018-2022)
8.3 Global Flexitanks Market Forecast (2023-2028)
8.4 Global Flexitanks Market by Product
8.4.1 Single-trip
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Multi-trip
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Flexitanks Market by Application
8.5.1 Foodstuffs
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Wine and Spirits
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Chemicals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Oils
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Industrial Products
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Pharmaceutical Goods
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.6 Global Flexitanks Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Flexitanks Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Flexitanks Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Flexitanks Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Flexitanks Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Flexitanks Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Braid Logistics Group
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Bulk Liquid Solutions (P) Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Büscherhoff Packaging Solutions GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Qingdao LAF Packing Co., Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 SIA Flexitanks Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 MY Flexitank Industries Sdn Bhd,
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Flexitanks Market: Key Industry Highlights, 2018 and 2028
2. Global Flexitanks Historical Market: Breakup by Engine Product (USD Million), 2018-2022
3. Global Flexitanks Market Forecast: Breakup by Engine Product (USD Million), 2023-2028
4. Global Flexitanks Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Flexitanks Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Flexitanks Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Flexitanks Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Flexitanks Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Flexitanks Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Flexitanks Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Flexitanks Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Flexitanks Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Flexitanks Market Structure
Key Questions Answered in the Report
In 2021, the global flexitanks market attained a value of nearly USD 1019 million.
The market is estimated to grow at a CAGR of 14% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 2237 million by 2027.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the growing global trade, thriving food and beverages sector, expansion of the major end use industries, and rapid urbanisation, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the shift from traditional shipping alternatives to flexitanks owing to their cost-effectiveness and sustainability.
Single-trip and multi-trip are the major products included in the market report.
Foodstuffs, wine and spirits, chemicals, oils, industrial products, and pharmaceutical goods are the different applications of flexitanks.
The major players in the industry are ZF Friedrichshafen AG, Kongsberg Automotive Holding ASA, Delta Kogyo Co., Ltd., and Dura Automotive Systems, among others.
Analyst Review
The global flexitanks market attained a value of USD 1019 million in 2021, driven by the thriving pharmaceutical and food and beverages industry. Aided by the increasing inclination towards modern shipping containers, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 14%. The market is projected to reach USD 2237 million by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the market is divided into single-trip and multi-trip. On the basis of application, the market is divided into foodstuffs, wine and spirits, chemicals, oils, industrial products, and pharmaceutical goods. The major regional markets for flexitanks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ZF Friedrichshafen AG, Kongsberg Automotive Holding ASA, Delta Kogyo Co., Ltd., and Dura Automotive Systems, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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