flexitanks market
Chemicals

Global Flexitanks Market growth is expected to be driven by Asia Pacific market in the next 5 years

Major factor driving growth of the global flexitanks market is rapid industrialization and increasing export of commodities in developed and developing countries. In addition, increasing demand from various sectors such as food and beverage, oil and gas, pharmaceutical, etc. for transportation is another factor expected to support growth of the global flexitanks market.

Global Flexitanks market is segmented on the basis of product type, application and region.

On the basis of product type the global flexitanks market is segmented in to single trips and multi trips.  The single trips segment is expected to account for highest share in the global flexitanks market in terms of revenue, owing to increasing carriage capacity and cost-effectiveness of disposable flexitanks. The multi trips segment is projected to register highest CAGR over the forecast period.

On the basis of application, the global flexitanks market is segmented into foodstuffs, wine & spirits, chemicals, oils, industrial products, and pharmaceutical. The food and beverage segment is expected to account for highest share in the global flexitanks market in terms of revenue, owing to increasing manufacturing and exports of foodstuff from various countries. The chemical segment is projected to register highest CAGR over the forecast period.

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Market in North America is expected to account for major revenue share in the global flexitanks market. This can be attributed to increasing exports of commodities, rapid industrialization, and presence of prominent market players operating in this region. Asia Pacific market is estimated to register highest CAGR in terms of revenue over the forecast period.

Key players operating in the global flexitanks market include Qingdao LAF Packaging Co. Ltd., Environmental Packaging Technologies Inc., TransOcean Bulk SIA Flexitanks Ltd., Bulk Liquid Solutions PVT.LTD., BLT Flexitank, My Flexitank Industries Sdn. Bhd., KriCon Group BV, M&W Flexitank, and Trust Flexitanks.

 

 

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