Flexitank is a collapsible, hermetically sealed, collapsible container or bag. The global market size reached US$772 million in 2021 and is expected to reach US$2,106 million by 2027
SHERIDAN, WYOMING, UNITED STATES, Oct. 18, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, “Flexitanks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global flexitanks market size reached US$772 million in 2021. Looking ahead, IMARC Group expects the market to reach $2,106 million by 2027, which will show a growth rate (CAGR) of 17.8% over the period 2022-2027.
Flexitank is a collapsible, hermetically sealed, collapsible container or bag that fits non-regulated liquid goods and is stored in a separate International Organization for Standardization (ISO) standard dry container. They are soft, high strength, lightweight and inherently disposable; Therefore, it is used for mass transportation of non-hazardous materials. Currently, flexitanks are available in various sizes to suit user preferences and possess the ability to ensure safe transportation of liquids in bulk. Compared to their alternatives, they hold more payload and resist bunching on the container sidewalls. Consequently, they are widely used to export various liquid goods such as wines, fruit juices, concentrates, mineral water, cooking oils, tallow, malt extracts, lubricants, fertilizers, non-hazardous chemicals and medicines.
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Note: We regularly track the direct impact of COVID-19 on the market as well as the indirect impact of related industries. These observations are integrated into the report.
Flexitanks Market Trends:
The continued transportation of various commodities due to international trade and the increasing need to minimize the weight of bulk packaging to improve freight efficiency primarily drives the market growth. In addition, flexitanks are environmentally friendly, require minimal labor and logistics costs and do not need to be cleaned as they are used only once, which in turn drives their demand in different sectors instead of industrial kegs. Furthermore, the extensive use of polyethylene (PE) as a recyclable material to manufacture flexitanks with improved designs over insulated bags or shipping containers for transporting wine to avoid the risk of spoilage favors market growth. In addition, increasing product demand from the Food & Beverage (F&B) industry due to rising disposable incomes and changing lifestyles is supporting the market growth.
Competitive landscape with key players:
The competitive landscape of the industry has also been studied along with the profiles of the major players.
Braid Logistics UK
Bulk Liquid Solutions (P) Ltd
Büscherhoff Packaging Solutions GmbH
Hengxin Plastic Co.Ltd.
Yunjet plastic packaging
Key Market Segmentation:
The report has categorized the market by product and application.
Breakdown by product:
Separation by application:
Wine & Spirits
Breakdown by region:
North America (United States, Canada)
Europe (Germany, France, UK, Italy, Spain, others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (UAE, Saudi Arabia, Qatar, Iraq, South Africa, others)
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Key highlights of the report:
Market performance (2016-2021)
Market Outlook (2022-2027)
Market drivers and success factors
Effects of COVID-19
Analysis of the value chain
Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
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