The Flexitanks Market was worth USD 0.25 billion in 2014 and is expected to reach approximately USD 0.93 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 15.68% during the forecast period. Expanding demand for flexible storages combined with rising concerns in regards to portability of fluids are the essential elements driving the business development. Competitive benefits, for example, cost-effectiveness, portability, foldability alongside simplicity of set up are anticipated to support demand for flexitanks market at a lively pace over the figure time frame. Flexitanks are practical solutions in comparison with ISO tanks and drums, attributable to these factors, market players consider this as a basic alternative for saving transportation cost for non-hazardous liquids. No repositioning costs, less labour and loading costs are a portion of the variables which make this product a productive alternative for mass liquids to be transported to remote goals.
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The leading players in the market are Qingdao LAF Packaging Co Ltd, Mak & Williams Flexitank Supply Ltd, Environmental Packaging, SIA Flexitanks Ltd, Braid Logistics UK Ltd, My Flexitank Industries Sdn Bhd, Kricon Group, Bulk Liquid Solutions Pvt Ltd, Büscherhoff Spezialverpackung GmbH & Co KG, Full-Pak and BLT Packing Industrial Co LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Application Outlook and Trend Analysis:
Food stuffs application developed as the main application fragment and represented a share of the overall industry of 35.6% in 2015. Expanding foodstuffs trade from different nations is anticipated to encourage the demand over the figure period. The chemicals portion involved the second biggest share of the overall industry of 20.7% in 2015. Bulk synthetic transportation was generally done through ISO tanks and barrels. Nonetheless, the high cleaning and repositioning expenses of these methods of transportation constrained end-users to consider a more prudent technique using flexitanks.
Regional Outlook and Trend Analysis:
Asia Pacific is anticipated to be the quickest developing local market which represented 61% of the aggregate volume share in 2015. The district is foreseen to achieve 67.4% of the general share of the overall industry by 2024 attributable to quick industrialization and product send out from nations like Malaysia, Thailand, India, Indonesia, China, and Vietnam. Europe represented roughly 14.6% of the market in 2015 by volume. It is the essential exporter foodstuff and wine. The Netherlands, Denmark, and Spain are the major exporters of various foods, for example, organic product juices, malt extracts and olive oil.
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Table Of Content:-
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
- Executive Summary
2.1. Key Highlights
- Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
22.214.171.124. Emerging Markets to Offer Lucrative Growth Opportunities
…CONTINUED FOR TOC
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Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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