Global Flexitank Market 2019 by Type, by Application, by Vehicle Type, By Region; Size and Forecast
by Aiden Lowther Market StrategyBlueWeave
Consulting, the Global Flexitank Market is poised to grow strong
during the forecast period 2019-2025. Owing to increasing demand for global
trade of beverages and competitive advantages of flexitanks compared to its
traditional substitutes included ISO tanks and drums has triggered the need for
flexitanks. Flexitanks are bags made up of polymer material like polyethylene,
polypropylene, etc. designed to carry and transport large quantities of
liquids. Rising demand for flexitanks across the globe mainly driven by the
economic benefits of flexitanks such as environment-friendly nature, the
requirement of lesser time and efforts in filling and discharging tanks.
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Compatibility
with a large number of industrially viable fluids along with reducing risk of
cross-contamination of liquids also has pushed the growth of flexitanks. On
account of globalization, commodity trade augmented drastically in recent past
owing to the growing availability of efficient means of transport. The industry
is projected to experience significant growth due to a high need for flexible,
efficient storage and portability of liquids. Moreover, characteristics like
foldability, portability, ease of setting up and growing popularity of bulk
transport are anticipated to fuel flexitank market over the forecast period.
In terms of
application, the food-grade liquids segment accounted for the largest market
share followed by chemical segment and is projected to dominate the global
flexitank market throughout the forecast period. Flexitanks can utilize in the
transportation of Food & Beverages like beer and wine, edible oils, food
additives, glycerin, mineral water, fruit juice, vegetable oils, and other flowable
food items. The growth in the global vegetable oil, beer, and fruit juice
market is projected to influence the growth of the global flexitanks market.
The
increasing demand from the food and beverage industry is likely to boost demand
for such products. Flexitanks have become an extensively accepted solution for
bulk wine transportation since the past decade. Flexitanks provide the cost
advantage in terms of lesser cost incurred with amplified cargo transport
capacity than the traditional modes of transportation.
Geographically, the
flexitank market analyzed across North America, Europe, Asia Pacific, Middle
East & Africa, and Latin America. The Asia Pacific is the leading region
during the forecast timeline. The regional growth primarily driven by
increasing positive demand from industries like food & beverage,
pharmaceutical, and chemical. Countries like China, Hong Kong, Australia,
Singapore, and New Zealand are among the top 15 exporters of wine. The presence
of this huge wine exporting industry across the region is promising for the
demand for flexitanks. The Netherlands, Denmark, and Spain are the major
exporters of various foods like fruit juices, olive oil, and malt extracts. The
growing industrial and chemical production in the UK and Germany has boosted
the demand for flexitanks.
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Companies such as Braid Logistics,
Bulk Liquid Solutions, Environmental Packaging Technologies, SIA Flexitanks,
Trans Ocean Bulk Logistics, Qingdao Laf Packaging, Hengxin Plastic, Qingdao
Global Flexitank Logistics, Trust Flexitanks, and Rishi FIBC are the leading
players of flexitank market across the globe.
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Created on Mar 23rd 2020 02:03. Viewed 401 times.