Press release
Flexitank Market is Forecasted to Reach US$ 2292.16 Million in 2028, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global flexitank market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/1001/flexitank-market.html#form
Report Highlights:
Market Size in 2028: US$ 2292.16 million
Growth (CAGR): 18.75% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Flexitank Market:
The global flexitank market is segmented based on tank type, loading type, application type, and region.
Based on tank type - The market is segmented as monolayer and multilayer. Multilayer dominated the market in 2022 and is expected to register a higher CAGR during the forecast period. Higher durability and strength over monolayer flexitank and the ability to resist contamination and moisture barriers are the prime reasons for the dominance of the segment.
Based on loading type - The market is segmented as top loading and bottom loading. The top loading segment dominated the market in 2022; however, bottom loading is expected to register a higher CAGR during the forecast period. Bottom loading flexitank uses a single valve for loading and unloading and hence, minimizes labor cost and loading & unloading time as compared to top load.
Based on application type - The market is segmented as food-grade liquids, non-hazardous chemicals, and pharmaceutical liquids. Food-grade liquids dominated the market in 2022 and are expected to grow at a healthy CAGR during the forecast period. Food-grade liquids are traded in bulk quantities across the regions. Asia-Pacific is the largest exporter of apple juice and edible oils. Wine, fruit juice, and fruit concentrates are exported from North America and South America.
To know the most attractive segments, click here:
https://stratviewresearch.com/1001/flexitank-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Asia-Pacific is estimated to remain the largest and the fastest-growing market during the forecast period. This growth outlook is majorly attributed to the following-
• Region is the largest producer of food-grade liquid and pharmaceuticals.
• The region also has the largest middle-class consumers of these products.
• China dominated the region's flexitank market in 2022.
Flexitank Market Drivers:
Some of the key drivers listed in the report are given below.
• Rise in the trade of food-grade and pharma-grade liquids and non-hazardous chemicals
• Competitive advantages over traditional tanks
Top Companies in the Flexitank Market:
Stratview Research has identified the following companies as the top market players.
• Braid Logistics
• Bulk Liquid Solutions
• Environmental Packaging Technologies
• Hengxin Plastic
• Qingdao Global Flexitank Logistics
• Qingdao Laf Packaging
• Rishi FIBC
• SIA Flexitanks
• Trans Ocean Bulk Logistics
• Trust Flexitanks
• others.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Flexitank Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Oil Storage Market: https://stratviewresearch.com/1300/oil-storage-market.html
• Water Storage Systems Market: https://stratviewresearch.com/1745/water-storage-systems-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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