Stratview Research has announced a new report on the Flexitank Market. According to the report, the market was estimated at USD 807.95 million in 2022 and is likely to witness a CAGR of 18.75% during 2023-2028 to reach USD 2292.16 million in 2028.

What is flexitank?

Flexitank is used for the storage and transportation of non-hazardous liquids such as water, fruit juice, food-grade lubricants, wine, edible oil, latex, and additives. It reduces packaging storage and transportation cost due to its low unit cost and the convenience of positioning, speed of loading, and efficient use of loading weights.

Market Segmentation

The Flexitank Market is segmented by Tank Type (Monolayer, Multilayer), by Loading Type (Top Loading, Bottom Loading), by Application Type (Food Grade Liquids, Non-hazardous Chemicals, and Pharmaceutical Liquids), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Based on the tank type, the market is segmented as monolayer and multilayer. Multilayer dominated the market in 2022 and is expected to register a higher CAGR during the forecast period. Higher durability and strength over monolayer flexitank and the ability to resist contamination and moisture barriers are the prime reason for the dominance of the segment.

Based on the loading type, the market is segmented as top loading and bottom loading. The top loading segment dominated the market in 2022; however, bottom loading is expected to register a higher CAGR during the forecast period. Bottom loading flexitank uses a single valve for loading and unloading and hence, minimizes labor cost and loading & unloading time as compared to top load.

Based on the application type, the market is segmented as food-grade liquids, non-hazardous chemicals, and pharmaceutical liquids. Food-grade liquids dominated the market in 2022 and are expected to grow at a healthy CAGR during the forecast period. Food-grade liquids are traded in bulk quantities across the regions. Asia-Pacific is the largest exporter of apple juice and edible oils. Wine, fruit juice, and fruit concentrates are exported from North America and South America.

In terms of regions, Asia-Pacific is estimated to remain the largest and the fastest-growing market during the forecast period as the region is the largest producer of food-grade liquid and pharmaceuticals. The region also has the largest middle-class consumers of these products. China dominated the region’s flexitank market in 2022.

How stakeholders can benefit from this report –

This report covers a thorough analysis of the following segments:

  • Flexitank Market Dynamics.
  • Supply & Demand Value Chain.
  • Flexitank Market Current Trends/Issues/Challenges.
  • Competition & Companies involved.
  • Effecting Technology.
  • Flexitank Market Drivers and Restraints.

Market Dynamics

The prime factor contributing to the demand for flexitank is the rise in the trade of food-grade and pharma-grade liquids and non-hazardous chemicals. Competitive advantages over traditional tanks are also driving the flexitank market.

Research Methodology

The report provides a thorough analysis that reflects today’s Flexitank Market realities and future market possibilities. The information provided in the report can play a crucial role for the users as well as investors, or those who are planning to step into the industry, in formulating the growth strategies to expedite their growth process.

Experts at Stratview have compiled this report after following a detailed research methodology comprising secondary research, and primary interviews with industry stakeholders. Several authenticated sources such as company annual reports, fact books, press releases, white papers, and articles have been leveraged to gather the data.

Key Players

The following are the key players in the Flexitank Market.

  • Braid Logistics
  • Bulk Liquid Solutions
  • Environmental Packaging Technologies
  • Hengxin Plastic
  • Qingdao Global Flexitank Logistics
  • Qingdao Laf Packaging
  • Rishi FIBC
  • SIA Flexitanks
  • Trans Ocean Bulk Logistics
  • Trust Flexitanks
  • others.

Report Customization Options

With this detailed report, Stratview Research also offers one of the following (complementary) customization options to our valued clients:

  • Company Profiling –Detailed profiling of additional market players (up to three players)
    • Competitive Benchmarking – Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement or any further query related to the report, please send your inquiries to sales@stratviewresearch.com. You may also connect with our market experts at +1-313-307-4176