Dublin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- The "Flexitanks Market Trends and Shares Analysis by Product, Application, and Region (2024-2032)" report has been added to ResearchAndMarkets.com's offering.
The global flexitanks market size reached US$ 1.08 billion in 2023. Looking forward, market is projected to reach US$ 4.11 billion by 2032, exhibiting a growth rate (CAGR) of 15.93% during 2023-2032.
The global flexitanks industry is influenced by the growing demand for cost-effective and efficient bulk liquid transportation solutions. Moreover, the increasing need for safe and secure transportation of a wide range of liquids, including food-grade and non-hazardous chemicals, is propelling the market growth.
Additionally, the expanding international trade of commodities, such as wine, edible oils, and industrial chemicals, is boosting the demand for flexitanks as they provide a reliable and economical means of transporting large volumes of liquids, thereby further propelling the market growth. Furthermore, the rising awareness regarding environmental sustainability and the benefits of using flexitanks, such as reduced carbon footprint and lower packaging waste, is driving the market growth.
Competitive Landscape
The market is highly competitive, with several key players striving to capture a significant market share. These companies focus on product development, strategic partnerships, and geographical expansion to strengthen their position in the market. Established players offer a wide range of flexitank solutions tailored to specific industry needs, including food, wine, chemicals, and pharmaceuticals. They emphasize quality, compliance with industry regulations, and adherence to safety standards to gain customer trust. Additionally, technological advancements such as improved flexitank materials, enhanced loading and unloading mechanisms, and advanced tracking and monitoring systems are driving innovation in the market.
The market research report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
- Braid Logistics UK
- Bulk Liquid Solutions (P) Ltd.
- Buscherhoff Packaging Solutions GmbH
- Full-Pak
- Hengxin Plastic Co. Ltd.
- JF Hillebrand GROUP AG
- MY FlexiTank Industries Sdn. Bhd.
- SIA Flexitanks Ltd.
- TRUST Flexitanks S.L.
- Yunjet Plastic Packaging
Flexitanks Market Trends/Drivers
- Cost-effective and efficient bulk liquid transportation solutions
- Safe and secure transportation of various liquids
- Growing international trade of commodities
Flexitanks Industry Segmentation
This report provides an analysis of the key trends in each segment of the global flexitanks market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on product and application.
Breakup by Product:
- Single-Trip
- Multi-Trip
Single-trip flexitanks dominate the market.
Breakup by Application:
- Food
- Wine & Spirits
- Chemicals
- Oils
- Pharmaceutical Goods
- Others
Food applications hold the largest share in the market.
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Asia-Pacific exhibits a clear dominance, accounting for the largest flexitanks market share.
Key Questions Answered in This Report:
- How has the global flexitanks market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global flexitanks market?
- What is the impact of each driver, restraint, and opportunity on the global flexitanks market?
- What are the key regional markets?
- Which countries represent the most attractive flexitanks market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the flexitanks market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the flexitanks market?
- What is the competitive structure of the global flexitanks market?
- Who are the key players/companies in the global flexitanks market?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 148 |
| Forecast Period | 2023-2032 |
| Estimated Market Value (USD) in 2023 | $1.08 Billion |
| Forecasted Market Value (USD) by 2032 | $4.11 Billion |
| Compound Annual Growth Rate | 15.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/ixtfo4
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