Flexitanks Market Research Insights 2023-29

The global flexitanks market size was valued at USD 890.3 million in 2022 and is poised to grow at a CAGR of 18.3% during the forecast period 2023-2029. Some trends in the global flexitanks market include the increasing adoption of environmentally friendly materials, such as recyclable and biodegradable flexitanks, advancements in flexitank design and technology for enhanced performance and safety, and the integration of IoT and tracking systems for real-time monitoring of cargo. The market presents opportunities for expansion, driven by the growing demand for bulk liquid transportation, particularly in industries such as food and beverages, chemicals, and agriculture. Additionally, the exploration of new geographical markets and the development of innovative flexitank solutions are potential avenues for growth in the industry.

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The global flexitanks market segmentation:
1) By Product: Monolayer, Bi-layer, Multilayer.
2) Type: Single Use, Reusable.
3) Loading Type: Top Loading, Bottom Loading.
4) Material: Polyethylene, Polypropylene, Others.
5) Application: Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, Others.

Monolayer Segment Dominate the Flexitanks Market:
The Monolayer segment is one of the most anticipated segments in the global flexitanks market. Monolayer flexitanks are single-layered containers designed for the transportation of non-hazardous liquids. These flexitanks are typically made of high-quality polyethylene or similar materials that offer strength and flexibility. They are cost-effective and easy to handle, making them a preferred choice for bulk liquid transportation. The monolayer flexitanks are particularly anticipated due to their simplicity, affordability, and suitability for a wide range of liquid products. Their versatility and convenience make them an attractive option for industries such as food and beverages, chemicals, and agriculture, driving their anticipated growth in the global flexitanks market.

Asia Pacific Leads the Global Flexitanks Market:
Asia Pacific, the Flexitanks market holds a significant market share in 2022 and the market is expected to grow at a significant CAGR during the forecast period. Countries like Australia, New Zealand, Thailand, and Vietnam are major exporters of food products and agricultural commodities. Flexitanks provide a suitable solution for transporting liquids such as edible oils, juices, wines, and other food-grade products. The use of flexitanks ensures the safe and hygienic transportation of these goods, maintaining their quality and integrity. The growth of the agricultural and food export industry in the Asia Pacific region creates a demand for flexitanks, driving the market's expansion.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Flexitanks market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region. , In 2022, Bulk Liquid Solutions (BLS) launched a new line of flexitanks that are designed for use in the chemical industry. These flexitanks are made of materials that are resistant to chemicals and are certified for use in the chemical industry., In 2022, Flexitank Solutions (FS) launched a new line of flexitanks that are designed for use in the pharmaceutical industry. These flexitanks are made of materials that are sterile and are certified for use in the pharmaceutical industry.

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Key players' profiles in the flexitanks market report are Qingdao BLT Packing Industrial Co., Ltd. (BLT), Braid Logistics UK Ltd., Bulk Liquid Solutions Pvt. Ltd., Büscherhoff Packaging Solutions GmbH, Environmental Packaging Technologies, Inc., Full-Pak, K Tank Supply Ltd., Mak & Williams Flexitank Supply Ltd., MY FlexiTank (MYF), KriCon Group BV.

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