Flexitanks Market is poised to touch USD 1.48 billion by 2024
Flexitanks Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Flexitanks Market was valued at USD xx billion in 2016 and projected to reach USD 1.48 billion by 2024 growing at a CAGR of xx% during 2016 to 2024.
The growing demand for flexible storage systems, together with the growing concern for liquid portability, is the main drivers of growth in the sector. Competitive advantages, such as flexibility, profitability, portability and ease of implementation, should increase Flexitank market demand at a steady rate during the forecast period.
Browse details of 109 number of pages research report developed on Flexitanks Market @ https://www.researchcosmos.com/reports/global-flexitanks-market-research-report-2018/2963790
Flexitanks Market Growth Drivers and Restraints:
It is expected that the introduction of polypropylene and polyethylene disposable bladders will increase the potential of the market and solve the problems with the drum, IBC and ISO containers. Because bladders allow occasional use of internal plastic bags, the risk of cross contamination is reduced.
It is expected that significant demand for food and oil, as well as greater consumer awareness of the benefits of flexitanks, will attract new customers. The economic slowdown is pushing end users to evaluate a profitable mode of transport. It is likely that government investments, combined with the integration of green logistics practices, will stimulate the demand of the sector.
Geographical Analysis of Flexitanks Market:
The Asia Pacific region is expected to represent the fastest growing local market, accounting for 61% of the total share volume in 2015. The region is expected to reach 67.4% of the overall market share by 2024 due to rapid industrialization and exports of commodities from countries such as Thailand, Malaysia, Indonesia, India, China and Vietnam.
It is likely that the increase in the production of industrial products and the growing demand for industries such as food, beverages, pharmaceuticals and chemicals will increase the demand for flexitanks worldwide. As the Asia-Pacific region is a center for the manufacture of chemical products and industrial products, the high export rate of products from this region has stimulated the market for single-travel flexitanks.
Europe accounted for around 14.6% of the market in 2015 by volume. It is the largest exporter of food and wine. The Netherlands, Denmark and Spain are the main exporters of many foods, such as fruit juices, olive oil and malt extracts. The increase in industrial and chemical production in the United Kingdom and Germany has led to demand for flexitanks from the chemical and petroleum application segments. As an economic transport mode, demand for these is expected to increase in all regions.
Ask For Free Sample of the report @ https://www.researchcosmos.com/request/global-flexitanks-market-research-report-2018/2963790
Key Players of Flexitanks Market:
Some of the companies indulged in the development and expansion of this market include Qingdao LAF Packaging Co. Ltd., Environmental Packaging Technologies Inc., TransOcean Bulk SIA Flexitanks Ltd, Logistics Ltd, Bulk Liquid Solutions, BLT Flexitank, MY FlexiTank, KriCon Group BV, Mak & Williams, and Trust Flexitanks.
Flexitanks Market Segmentation:
By Product:
- Type 1
- Type 2
By End User / Application:
- Food Applications
- Industrial Applications
- Chemical Applications
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-flexitanks-market-research-report-2018/2963790
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos