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Flexitanks are increasingly being used to transfer industrial products and oils. They are gaining popularity amongst exporters due to the environmental and economic benefits of bulk commodity shipping.
Region wise, the market is spilt into Asia Pacific, Europe, North America and MEA( Middle East & Africa). Asia Pacific led the market in 2014. It consumed over 60 % of the global volumes that year. Optimistic outlook on commodity export in Indonesia, China, Thailand, India and Vietnam has been a key driver.
Europe is an important exporter of several foodstuffs and wine. Denmark, Spain and the Netherlands export fruit juices, malt extracts, olive oil, etc. European demand for flexitanks in chemicals & oil applications is growing on account of rising manufacture of chemical and industrial products in Germany and UK.
Key companies in the global flexitanks market include Trans Ocean Bulk Logistics Ltd, Environmental Packaging Technologies Inc., SIA Flexitanks Ltd., and Qingdao LAF Packaging Co. Ltd. High integration exists among distributors, manufacturers and logistics services.
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