Press Release
According to BlueWeave 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.
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.
Food grade liquid application is projected to be the most lucrative segment of the global flexitank market during 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.
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The Asia Pacific accounts for the lion’s share of the global flexitank market during the forecast period
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.
Global Flexitank Market: Competitive Landscape
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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The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of global flexitank market size & forecast. The report promises to provide state-of-the-art technology of flexitank production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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