The worldwide flexitanks market was worth over USD 200 million in
2014. It would grow to USD 923 million by 2022. Rising export from Europe and
Asia Pacific has triggered demand for bulk packaging across the globe. Rising
requirement for flexible storage and portability of liquids is favoring market
growth. Flexitanks offer competitive advantages that include ease of setup,
foldability and portability.
They are more
cost-effective as compared to ISO (International Organization for
Standardization) tanks & drums. These tanks eliminate repositioning costs.
Their loading and labor costs are also low. Hence they are highly preferred in
case of bulk liquids for remote destinations.
The flexitanks
market is segmented as per products, applications and regions. Single-trip and
multi-trip are the two product categories. In 2014, single-trip disposable
bladder dominated the market, contributing over 90% of the total demand. These
bladders are highly cost-effective. They offer increased carriage capacity and
low costs. On the other hand, multi-trip tanks bear extra costs related to
repositioning and cleaning.
Applications
encompass industrial products, foodstuffs, pharmaceutical goods, chemicals
& oils. Foodstuffs were the leading application, with volume share
exceeding 30% in 2014. Flexitanks are used to transport semi-solid and liquid
foods such as edible oil, fruit concentrates, fruit juices, potable water.
Those with FDA (Food & Drug Administration) approval may also be used to
transfer bulk medicaments across borders.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/automotive-and-transportation-industry
Flexitanks are
increasingly being used to transfer industrial products and oils. They are
gaining popularity amongst exporters due to the environmental and economic
benefits of bulk commodity shipping.
Region wise, the
market is spilt into Asia Pacific, Europe, North America and MEA (Middle East
& Africa). Asia Pacific led the market in 2014. It consumed over 60% of the
global volumes that year. Optimistic outlook on commodity export in Indonesia,
China, Thailand, India and Vietnam has been a key driver.
Europe is an
important exporter of several foodstuffs and wine. Denmark, Spain and the
Netherlands export fruit juices, malt extracts, olive oil, etc. European demand
for flexitanks in chemicals & oil applications is growing on account of
rising manufacture of chemical and industrial products in Germany and UK.
Key companies in
the global flexitanks market include Trans Ocean Bulk Logistics Ltd,
Environmental Packaging Technologies Inc., SIA Flexitanks Ltd., and Qingdao LAF
Packaging Co. Ltd. High integration exists among distributors, manufacturers
and logistics services.
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Full Report with TOC @ https://www.hexaresearch.com/research-report/flexitanks-market/
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