IMARC Group, a leading market research company, has recently released a report titled “Flexitanks Market Report by Product (Single-Trip, Multi-Trip), Application (Food, Wine Spirits, Chemicals, Oils, Pharmaceutical Goods, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global flexitanks market share, trends, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global flexitanks market size reached US$ 1,087.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 4,113.9 Million by 2032, exhibiting a growth rate (CAGR) of 15.5% during 2024-2032.
Global Flexitanks Market Trends:
Ongoing advancements in material technology, enhancing the durability and safety of flexitanks, and the increasing emphasis on sustainable and eco-friendly packaging solutions are contributing to the market growth. Besides this, the rising e-commerce sector, which demands efficient and flexible logistics solutions for liquid goods, and the increasing investments in infrastructure development are boosting the demand for flexitanks.
Furthermore, the surging adoption of intermodal transportation, facilitating seamless transfer between different modes of transport, and the increasing focus on reducing logistical downtime and enhancing supply chain agility are fostering market expansion.
Request to Get the Sample Report:
https://www.imarcgroup.com/flexitanks-market/requestsample
Factors Affecting the Growth of the Flexitanks Industry:
- Increasing global trade:
As globalization intensifies, there is a notable rise in the cross-border transportation of goods, including bulk liquids such as chemicals, food-grade liquids, pharmaceuticals, and agricultural products. Flexitanks offer a practical solution for the efficient and safe transport of these goods. The versatility and large capacity of flexitanks, typically holding between 16,000 and 24,000 liters, make them ideal for shipping various types of liquid cargo. This capability aligns perfectly with the growing needs of international trade, ensuring that liquids can be transported efficiently across long distances without significant losses or contamination.
Furthermore, the demand for flexitanks is bolstered by their compliance with international shipping standards and regulations, making them a preferred choice for global trade operations.
- Cost-effectiveness and efficiency:
Flexitanks are recognized for their cost-effectiveness and operational efficiency, which are significant drivers of their market growth. Traditional methods of bulk liquid transportation, such as using ISO tanks or drums, often involve higher costs and complexities. Flexitanks, on the other hand, offer a more economical solution by reducing transportation and handling costs. They are designed to be a single-use product, eliminating the need for cleaning and the risk of contamination associated with multi-use containers. This single-use nature simplifies logistics, reduces turnaround times, and minimizes the potential for product spoilage.
Additionally, the lightweight and foldable design of flexitanks allows for lower shipping costs compared to traditional rigid containers, making them an attractive option for businesses looking to optimize their supply chain operations.
- Rising Demand for Bulk Liquid Transportation:
The growing demand for bulk liquid transportation, driven by various industries, is another critical factor fueling the flexitanks market.
For instance, the FB industry requires safe and hygienic transportation of products like edible oils, fruit juices, and wine. Flexitanks offer an ideal solution due to their food-grade quality and ability to maintain the integrity of the transported liquids. Similarly, the chemical industry benefits from the ability of flexitanks to transport hazardous and non-hazardous chemicals safely. The pharmaceutical industry also relies on flexitanks for transporting medical-grade liquids and other pharmaceutical products that require strict adherence to safety and hygiene standards. The adaptability of flexitanks to meet the specific needs of these diverse industries makes them an essential component in the bulk liquid transportation sector, further driving market growth.
Flexitanks Market Report Segmentation:
By Product:
- Single-Trip
- Multi-Trip
Single-trip flexitanks represent the largest segment due to their convenience and elimination of cleaning and contamination risks.
By Application:
- Food
- Wine Spirits
- Chemicals
- Oils
- Pharmaceutical Goods
- Others
The food sector accounted for the majority of the market share due to its reliance on flexitanks for the safe and hygienic transportation of bulk liquids such as edible oils and juices.
Regional Insights:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Asia Pacific leads the market with its robust manufacturing base and high demand for bulk liquid transport driven by rapid industrialization and trade activities.
Competitive Landscape with Key Players:
The competitive flexitanks market size has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- Braid Logistics UK
- Bulk Liquid Solutions (P) Ltd
- Büscherhoff Packaging Solutions GmbH
- Full-Pak
- Hengxin Plastic Co. Ltd.
- JF Hillebrand GROUP AG
- MY FlexiTank Industries Sdn Bhd
- SIA Flexitanks Ltd.
- TRUST Flexitanks SL
- Yunjet Plastic Packaging
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=reportid=3737flag=C
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe Africa: +44-753-713-2163 | Asia: +91-120-433-0800
