Global Flexitank Market To Record Double-Digit Growth Over 2020-2026

As per Zion Market Research, the global flexitank market is expected to cross USD 1.09 Billion in 2023. The market is forecast to reach USD 5.33 Billion by 2032, growing at a compound annual growth rate (CAGR) of 19.3% during the forecast period 2024-2032. Development in the global trade of non-hazardous chemicals, food-grade liquids, and pharmaceutical liquids is the primary booster for the global market. In addition to this, its competitive advantages over other conventional substitutes power the growth of flexitank market.

The Multilayer Category To Power The Flexitank Market And Expected To Be The Quickest-Developing Type Category

The multilayer type category added up for the biggest share and predicted to clock the max CAGR by 2032. This category has high-performance advantages over the monolayer category. These advantages are its strength and durability which are extremely needed when flexitanks are carried using old containers. In addition to this, flexitanks have various layers that defend the cargo from being contaminated. Its moisture and oxygen barrier characteristics are important for the transport of food-grade liquids. These advantages power the global market for flexitank.

Food-Grade Liquids Application Category Expected To Clock The Maximum CAGR In The Years To Come

Food grade liquids such as juice concentrates, juice, animal oils, wine, glucose, edible oils, jam, glycerin, sauces, malt extract, vinegar, sorbitol, sugar syrup, and water are traded in huge quantities all over the world. These liquids are sold all over all the areas. For instance, apple juice and edible oils are exported hugely from the Asia Pacific area. Juice concentrate, fruit juice, and wine are exported from South America, North America, and Europe. Hence, flexitank finds worldwide requirement in the food-grade liquid segment.

Asia Pacific Expected To Be The Biggest Market In The Years To Come

Asia Pacific has the biggest populous nations such as India and China. Japan, China, Indonesia, South Korea, India, and Malaysia are the primary user markets for flexitanks. Hong Kong, China, Singapore, Australia, and New Zealand are amongst the leading 15 wine exporters. The attendance of this big wine exporting sector all over the area is approving for the requirement for flexitanks. In addition to this, in palm oil exports, Malaysia, Indonesia, and Thailand power the global market with biggest exports. Malaysia and Indonesia are the top two biggest palm oil exporting nations all over the world. Across Asia Pacific, the bulk of the flexitank requirement is powered by exports of food-grade liquids.

Browse the full “Flexitank Market - by Loading Type (Top Loading and Bottom Loading), by Type (Multilayer and Monolayer), by Application (Non-Hazardous Chemicals/Liquids, Food-Grade Liquids, and Pharmaceutical Liquids), and by Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/flexitanks-market

Global Flexitank Market: Competitive Players

Key players profiled in the report include-

• Bulk Liquid Solutions
• Environmental Packaging Technologies
• Braid Logistics
• SIA Flexitanks
• Trans Ocean Bulk Logistics

The global flexitank market is segmented as follows:

by Type:

• Monolayer
• Multilayer

by Loading Type:

• Top Loading
• Bottom Loading

by Application

• Food-Grade Liquids
• Non-Hazardous Chemicals/Liquids
• Pharmaceutical Liquids

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com