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Market Summary

The Global Flexitanks Market is projected to grow at a CAGR of 18.8% from USD 442.7 million in 2019 to USD 1.77 billion in 2027. Growing usage of fuel storage, industrial chemical storage, temporary storage, food-grade storage, portable liquid storage, and others are propelling the overall market demands. Flexitanks are economical solutions as compared to ISO drums and tanks and are used as an alternative to lower the cost of transporting non-toxic liquids. There is no repositioning cost, and low labor & load cost makes it an effective solution.

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ISO tank, Sia flexitanks, DHL flexitanks, flexibag, Autopot flexitank, flex tank container, Autopot flexitank pro are some of the most used and high-demanding product solutions that create a huge enforcement in the market and have been additionally discussed in details in the report. Leading and growing players in the market that have been investing an extensive amount in the research & development in such corresponding factors have observed enormous growth in their business.

Flexitanks are fitted in an ocean container, which helps in providing a cost-effective and healthier alternative to shippers who transports bulk liquid products. These type of tanks are made from custom formulated blended polyethylene, for the carriage of a wide range of liquid foodstuffs. The components used are Food and Drug Administration (FDA) approved and are also approved by stringent international bodies for the transport of bulk liquid goods - rendering it safe and sound, and making it a highly environmental-friendly packaging medium. It is for single use. Flexitanks offer a dynamic, flexible, secure, and cost-effective solution for all bulk liquid transport requirements.

North America is forecasted to hold a market share of 20.0% in the year 2026. The rise in export of oil and boom of shale gas in the U.S. is expected to attract many petrochemical manufacturers to set up the plant in the country. The increased domestic chemical and industrial goods production are leading to higher production of commodities.

Product Type Outlook:

Singlelayer Flexitank dominated the market with 91.6% of the share in the year 2018 and is forecasted to grow with a higher CAGR of 19.1% during the forecast period. These type of tanks have increased carrying capacity as compared to multilayer flexitank and is also cost-efficient. Singlelayer flexitanks can carry all types of non-hazardous liquids and semi-solid products.

Multilayer Flexitank is forecasted to grow with a CAGR of 17.7% during the forecast period. Multilayer helps protect the cargo from being contaminated. These provide high durability and strength as well.

Application Outlook:

Top loading flexitank is forecasted to grow with a CAGR of 18.0% during the forecast period. These type of flexitanks witness huge demand in Europe, for food-grade liquids and non-toxic chemicals transportation. There are difficulties in loading and unloading for the top loading flexitanks.

Bottom loading Flexitanks held the larger market share of 56.3% in the year 2019. These type of flexitanks require less labor and fewer work hours as compared to the top loading. One of the valves is used for loading and unloading.

Regional Outlook:

The Asia Pacific region held more than half the market for flexible tanks throughout the forecast period. Factors such as growth in end-user industries like chemical, pharmaceutical, and food & beverage, will propel the market demand. The region is a hub for chemical and industrial products which leads to a high rate of commodity exports, in turn propelling the demand for flexitank.

Europe is forecasted to grow with a CAGR of 19.2% during the forecast period. The growth in industrial and chemical industries in Germany and the U.K. has boosted the demand for the market. Flexitank is cost-effective and an effective mode of transportation which is anticipated to fuel the market demand.

Market-O-Nomics

Flexitank is used to transport almost any non-toxic liquids, for industrial as well as food application, like juice concentrate, food, edible and animal oils, and fats, syrups, juices, wine, water, pharmaceutical, and food additives among other products.

The rise in trade of food-grade liquid and pharmaceutical liquids are propelling the demand for the market. Moreover, the competitive benefits of flexitank over traditional substitutes are also driving the market.

Flexitanks are cheaper than tank containers, drums, and intermediate bulk containers (IBCs). The product has 15% more payload than IBCs, 44% more payload than drums, and 50% more payload than bottles.

Bulk liquid flexitank has a higher risk of large leakage and a major reason for the special approval and handling instructions for properly filling up a container with a flexitank.

Pharmaceutical liquids are forecasted to hold a market share of 22.8% in the year 2019. Growth in the healthcare sector, especially in emerging nations, are creating a demand for pharmaceutical liquid. Flexitanks also avoid contamination of the liquid which is crucial for the medicines. The rise in export of the product is propelling the market of flexitanks in pharmaceutical liquids.

Companies considered and profiled in this market study

SIA Flexitanks, Bulk Liquid Solutions, Trust Flexitanks, Braid Logistics, Environmental Packaging Technologies, Proagri Solutions, Qingdao Global Flexitank Logistics, Hengxin Plastic, Trans Ocean Bulk Logistics, and Myflexitank, among others are leading players involved in the market.

In June 2017, Environmental Packaging Technologies (EPT) inaugurated a flexitank under the brand name of LIQUIRIDE, for refrigerated shipping containers. The company is expected to benefit from this new line of flexitanks, which focuses on applications that need temperature-control transportation of fresh juices and concentrates.

Start-up Traction

The industry poses significant amount of opportunities for small manufacturers and startups to come up with cost-effective solutions in the manufacturing & processing. Many innovative start-ups that are growing remarkably have been profiled in the report with all their innovative techniques and developments. There is a continuous growth in demand from the end-users, which can encourage several startups to launch innovative products in this market.

Deals Landscape

Mergers and Acquisitions are an integral part of this industry. These mergers and acquisitions help us decide the strategic initiatives taken up by the leading players as well as growing companies dealing in this market, and have been included in this report.

Expert Insights:

Reports and Data forecasts in the Flexitanks industry, having considered the interviews with some of the most prestigious personalities and experts in this market. ISO tank, Sia flexitanks, DHL flexitanks, flexibag, Autopot flexitank, flex tank container, Autopot flexitank pro are some of the most used and high-demanding product solutions that create a huge enforcement in the market and have been additionally discussed in details in the report. Leading and growing players in the market that have been investing an extensive amount in the research & development in such corresponding factors have observed enormous growth in their business. However, the main players, according to experts, need to review their strategies in order to support the following COVID 19 scenario and to maintain healthy relationships with their business partners. As a result of this pandemic, the world's average disposable income would decrease. The main manufacturers of the company are expected to attempt to discover new areas.

Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2027. The scope of the report can be defined as:

For the purpose of this report, Reports and Data have segmented into the global Flexitanks market on the basis of type, loading type, application, and region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Singlelayer Flexitank

Multilayer Flexitank

Loading Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Top Loading Flexitanks

Bottom Loading Flexitanks

Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

Food-Grade Liquids

Non-Hazardous Chemicals/Liquids

Pharmaceutical Liquids

Others

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2017-2027)

North America U.S Canada

Europe Germany U.K France BENELUX Rest of Europe

Asia Pacific China India Japan Rest of APAC

MEA Saudi Arabia UAE Rest of MEA

Latin America Brazil Rest of LATAM

