Flexitanks Market Share, Size, Analysis, Growth, Industry Trends and Forecasts to 2022- Hexa Research
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Flexitanks Market Share, Size, Analysis, Growth, Industry Trends and Forecasts to 2022- Hexa Research
" Flexitanks offer huge cost savings as compared to traditional transportation methods for bulk commodity traders. The Flexitanks market is expected to experience substantial growth due to high need for flexible, efficient storage and portability of liquids. "
The worldwide Flexitanks Market was worth over USD 208.5 million in 2014. It would grow to USD 923 million by 2022. Rising export from Europe and Asia Pacific has triggered demand for bulk packaging across the globe. Rising requirement for flexible storage and portability of liquids is favoring market growth. Flexitanks offer competitive advantages that include ease of setup, foldability and portability.
They are more cost-effective as compared to ISO( International Organization for Standardization) tanks & drums. These tanks eliminate repositioning costs. Their loading and labor costs are also low. Hence they are highly preferred in case of bulk liquids for remote destinations.
The flexitanks market is segmented as per products, applications and regions. Single-trip and multi-trip are the two product categories. In 2014, single-trip disposable bladder dominated the market, contributing over 90 % of the total demand. These bladders are highly cost-effective. They offer increased carriage capacity and low costs. On the other hand, multi-trip tanks bear extra costs related to repositioning and cleaning.
Applications encompass industrial products, foodstuffs, pharmaceutical goods, chemicals & oils. Foodstuffs were the leading application, with volume share exceeding 30 % in 2014. Flexitanks are used to transport semi- solid and liquid foods such as edible oil, fruit concentrates, fruit juices, potable water. Those with FDA( Food & Drug Administration) approval may also be used to transfer bulk medicaments across borders.
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