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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 2022-2027 at a CAGR of 14% to reach USD 2237 million by 2027.
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 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.
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:
The major applications of flexitanks include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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:
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.
|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.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Flexitanks Market Analysis
8.1 Key Industry Highlights
8.2 Global Flexitanks Historical Market (2017-2021)
8.3 Global Flexitanks Market Forecast (2022-2027)
8.4 Global Flexitanks Market by Product
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5 Global Flexitanks Market by Application
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5.2 Wine and Spirits
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5.5 Industrial Products
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5.6 Pharmaceutical Goods
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6 Global Flexitanks Market by Region
8.6.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Braid Logistics Group
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.2 Bulk Liquid Solutions (P) Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.3 Büscherhoff Packaging Solutions GmbH
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.4 Qingdao LAF Packing Co., Ltd.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12.2.5 SIA Flexitanks Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12.2.6 MY Flexitank Industries Sdn Bhd,
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Flexitanks Market: Key Industry Highlights, 2017 and 2027
2. Global Flexitanks Historical Market: Breakup by Engine Product (USD Million), 2017-2021
3. Global Flexitanks Market Forecast: Breakup by Engine Product (USD Million), 2022-2027
4. Global Flexitanks Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Flexitanks Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Flexitanks Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Flexitanks Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Flexitanks Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Flexitanks Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Flexitanks Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Flexitanks Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Flexitanks Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Flexitanks Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Flexitanks Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Flexitanks Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Flexitanks Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Flexitanks Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Flexitanks Market Structure
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 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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.
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 2022-2027, 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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