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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