Press release
Bulk Container Packaging Market: MY Flexitank (MYF), Qingdao LAF Packaging Co. Ltd., Trust Flexitanks, Qingdao LAF Packaging Co. Ltd., Trust Flexitanks
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Flexitanks tanks are widely preferred by the oil exporters, as it helps in increasing the profit margin, by reducing the operational expenses. Increasing palm oil demand from Europe, India and China will complement the bulk packaging container market size over the estimated period. Furthermore, increasing biofuel production across the globe on account of its environment friendly characteristics along with government support will subsequently boost the product demand for transportation applications.
Thereby propelling the global bulk container packaging market size by 2024. Bulk Container Packaging Market size is set to exceed USD 6 billion by 2024; as per a new research report by Global Market Insights, Inc.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BLT Flexitank Industrial Co. Ltd.
2. Shandong Anthente New Materials Technology Co., Ltd.
3. Büscherhoff Spezialverpackung GmbH & Co. KG
4. Braid Logistics
5. Environmental Packaging Technologies, Inc.
6. K Tank Supply Limited
7. MY Flexitank (MYF)
8. Qingdao LAF Packaging Co. Ltd.
9. Trust Flexitanks
10. Qingdao LAF Packaging Co. Ltd.
11. Trust Flexitanks
In 2015, flexitank segment was valued close to USD 150 million and is likely to observe highest gains by 2024. Superior and value added product characteristics makes the product suitable in transportation of fruit juices, edible oil, beer and wine. For instance, these tanks offer minimum food grade product contamination threats.
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In 2015, FIBC (flexible intermediate bulk container) led the overall bulk container packaging market size in 2015. FIBC is broadly used in the transportation of polymers, building materials, chemicals and detergents.
In 2015, food grade & beverage application was valued roughly around USD 900 million. Growing population has substantially increased the food demand in massive volume along with low prices. This has positively influenced the food grade & beverage trade across the globe and thus will push the bulk container packaging market size by 2024. Bulk container packaging market size for chemicals will observe growth more than 10% by 2024.
In 2015, North America accounted for the largest chunk in the bulk container packaging market. The region is the major exporter corn, soybean, oilseeds and feeds and therefore has enormous product demand. However, Asia Pacific, mainly led by India and China, will observe highest growth close to 11% by 2024.
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In 2015, bulk container packaging market size was extremely consolidated with top three companies holding over 50% of the industry share. BLT Flexitank Industrial, MY Flexitank (MYF), SIA Flexitanks and Braid Logistics are few key industry players.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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