About Flexi tank
Flexi tanks are referred as flexi bags which is made of polyethylene and outer layer of polypropylene are commonly used for transport material such as juices, wines, non-hazardous chemicals, and other chemical cross international border. They are useful in transportation of bulk quantities of products. These flexi tanks can be used for the transport both food grade and non edible liquids. Flexi tanks are also extensively used to transfer non-hazardous chemicals is high across the globe. These liquid tanks are made up of multiple layer of flexible yet durable plastic film which ensure the safe of plastic storage container. The Flexi tank market is on a promising trajectory, driven by increasing demand for liquid transportation, cost-effectiveness, and environmental benefits. By addressing the existing challenges and capitalizing on the emerging opportunities, the Flexi tank market can continue its impressive growth in the years to come.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 21.9% |
The global market is highly fragmented with the presence of a significant number of companies. Competitive prices and advancements in technologies, coupled with innovative packaging solutions, are followed by market players to gain a competitive advantage. The presence of small-scale manufacturers that serve regional as well as international markets is likely to boost competition for key industry participants. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Flexi tank market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qingdao BLT Packing Industrial Co., Ltd. (China), Qingdao LET Flexitank Co., Ltd. (China), LiquA Europe SLU (Spain), Bulk Liquid Solutions Pvt. Ltd. (India), Mak & Williams Flexitank Supply Ltd. (United Kingdom), Braid Logistics UK Ltd. (United Kingdom), Qingdao LAF Packaging Co., Ltd. (China), K Tank Supply Ltd. (United Kingdom), Yunjet Plastics Packaging (China) and KRiCon Group BV (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Hinrich Industries (Germany), SIA FLEXITANKS (Ireland), Orcaflexi SDN BHD (Malaysia), FLUIDTAINER Flexi Tank (United States) and Trust Flexitanks (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Flexi tank market by Type (Monolayer, Bilayer and Multilayer), Application (Wine, Agriculture, Petrochemicals, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Flexi tank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. 25 Liters will boost the Flexi tank market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene will boost the Flexi tank market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancement in flexi tank technology and material
Market Growth Drivers:
Rising demand for Bulk liquid transportation and Cost effectiveness
Challenges:
Collaborating with regulatory bodies to address safety
Restraints:
Limited Reusability of Flexi tanks
Opportunities:
Expansion of International Trade and Increase demand across diverse industries
Market Leaders and their expansionary development strategies
In November 2023, Qingdao BLT Packing Industrial Co., Ltd. and Yunjet Plastics Packaging form a strategic alliance to develop innovative flexi tank designs and production technologies
In December 2023, One Flexi tank Industries launches a range of food-grade flexi tanks certified for transporting and storing edible liquids, catering to the growing demand for safe and sustainable food packaging solutions.
Key Target Audience
Pharmaceutical Companies, Food and beverages, Mining and Oil gas industries, Agriculture Business, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.