To know the impact of COVID-19 On Flexitank Market Size By Type (Multilayer Flexitanks, Monolayer Flexitanks, Bilayer Flexitanks), By Application (Food, Oils, Chemicals, Industrial Products, Wine and Spirit, Pharmaceutical Goods) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Brandessence Market Research has published a new report title and According to Study “ Global Flexitank Market is valued at USD 514.8 Million in 2020 and expected to reach USD 1791.5 Million by 2027 with a CAGR of 19.5% over the forecast period”.
Complete Analysis of Global Flexitank Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising demand of food-grade liquid and pharmaceutical liquids, less installation and loading time, and fewer number of operators requirement are anticipated to drive the growth of Global Flexitank Market.
Scope of Global Flexitank Market Report:
Flexitank is fundamentally an enormous size fluid container which is utilized for moving fluids from one place to another by safe way. It is a liquid storage container made from flexible material such as polyurethane. Number of layers of polyethylene are use to make flexitank. The external piece of the fluid container is covered with polypropylene. These layers are comes with pump and valve which make them waterproof and airproof. As per the transporters which transport fluid items in an enormous sum it’s helpful, incidentally, to be reasonable and safe. The bundling of the flexitank is done in an enviro-friendly way and it is utilized at a time. The Flexitank was developed by the U.S. military to store and move water and diesel fuel during the 1960s. Flexitanks are broadly used for food-level items like edible oil, natural product concentrates, refreshments and non-dangerous compound transportation because of protection against pollution. As the sacks are dispensable, there is no cleaning cost when utilizing flexitanks.
During Covid-19 pandemic, the government has imposed the restriction on transportation of industrial goods and other items which led to significant drop in flexitank market. Social distancing and other restrictions have shown a decline impact on flexitank market. With economies picking up again, a gradual recovery of production activities is rebounding previously estimated forecasts, restoring the direction to pre-pandemic levels.
Global Flexitank Market Segmentation:
Global Flexitank Market is segmented on the basis of type, application and region & country level. Based upon type, flexitank market is classified into multilayer flexitanks, monolayer flexitanks and bilayer flexitanks. Based upon application, the market is divided into food, oils, chemicals, wine & spirit, industrial product and pharmaceutical goods.
- Multilayer Flexitanks
- Monolayer Flexitanks
- Bilayer Flexitanks
- Industrial Products
- Wine and Spirit
- Pharmaceutical Goods
The regions covered in this global flexitank market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of flexitank is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Key Players for Global Flexitank Market Report:
Some major key players for Global Flexitank market report cover prominent players like Environmental Packaging Technologies, MY FlexiTank, Qingdao LAF Packaging, Braid Logistics U.K. Ltd., Bulk Liquid Solutions Pvt. Ltd., Büscherhoff Packaging Solutions GmbH, KriCon Group BV, Yunjet Plastics Packaging, Trans Ocean Bulk Logistics Ltd., TRUST Flexitanks and others.
News: DHL Unveils New Transportation System for Safe and More Affordable Bulk Liquid Transportation
January 27th, 2021; DHL Global Forwarding has announced the launch of a new bulk liquid transporter solution, a system of Flexitanks called DHL Reefertanks. The DHL Reefertanks are requiring temperature control to the United States, however can be used in any country that sees a requirement for this new item. The new DHL Reefertanks are essential for DHL Global Forwarding's main goal to give care in the end-to-end delivering process, in accordance with boosting item volume moved and giving clients a more cost-effective transport arrangement. Three-tank framework developed in association with provider Liquitank Solutions to transport mass fluids like citrus juice which require temperature control while transporting. In Mexico new system is being to ship any non-dangerous mass fluid.
Rising Demand of Food-Grade Liquid and Pharmaceutical Liquids Drive the Market Growth
The major factors driving the growth of global flexitank market are increasing demand for global intravenous flexitank market. Rising demand of food-grade liquid and pharmaceutical liquids are also supplementing the market growth. Flexitanks are generally used in the food grade item like malts, consumable oil and organic product concentrates refreshment. It gives high effectiveness alongside protection against contamination with non-hazardous chemical transportation. And most of the Flexitanks are disposable, and thus there is no related cleaning cost as on account of tank holders and barrels. This reduces the item contamination risk. In addition, less installation and loading time has been playing a key role in driving the flexitank market from last few years. Furthermore, flexibag disposal and assurance also increases the demand of flexitank market. After release the flexibag, the linings and all auxillary hardware will be taken out from the holder and securely disposed or reused for other use as concurred between the transporter and the recipient, as per nearby guidelines. Utilized flexibag material isn't expected for reusing in flexibag manufacturing because of possible quality issues. However, lack of necessary equipments, lower durability and leakage due to excessive force may hamper the market growth. In spite of that, flexitank are cost effective, eco-friendly and light weight can offer more opportunities for the further growth of the flexitank market.
North America is Expected to Dominate the Global Flexitank Market
The global flexitank market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the flexitank market within the forecast period that increased domestic chemical and industrial goods production leading to higher production of commodities in this region. In the U.S. increasing export of oil and boom of shale gas is also attracting the numerous petrochemical producers to set up the plant in the country. Flexitanks offer a dynamic, adaptable, secure, and financially effective answer for all mass fluid vehicle requirements.
Asia Pacific is projected to witness the fast growth in the global flexitank market due to the increasing growth in end-user industries like chemical, pharmaceutical, and food & beverage in this region. The demand for flexitank is increasing due to the region is a center point for chemical and industrial products which leads to a high rate of commodity exports. Europe is expected to witness a high growth rate due to the development in industrial and chemical industries in Germany and the U.K.
Key Benefits for Global Flexitank Market Report:
- Global Flexitank Market report covers in-depth historical and forecast analysis.
- Global Flexitank Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Flexitank Market report helps to identify opportunities in marketplace.
- Global Flexitank Market report covers extensive analysis of emerging trends and competitive landscape.
Flexitank Market By Regional & Country Level:
- Southeast Asia
Middle East and Africa
- Rest of Middle East and Africa
Frequently Asked Questions (FAQ) :
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Flexitank Market Size by Growth Potential, Competitive Market Share & Forecast to 2027
Flexitank Market Size By Type (Multilayer Flexitanks, Monolayer Flexitanks, Bilayer Flexitanks), By Application (Food, Oils, Chemicals, Industrial Products, Wine and Spirit, Pharmaceutical Goods) Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
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