Industry Background:
Flexitanks, also known as flexi-bags provide an alternative to tank containers for shipping oils, wines, food-grade liquids, juices, as well as nonhazardous chemicals around the world. These tanks are typically loaded into 20 feet food-grade containers for maritime transport. These are available in sizes range from 16,000 to 26,000 litres. Polymer materials used to manufacture these flexitanks includes polypropylene, polyethylene, as well as PVC coated fabric. Flexitanks are used for transportation of all the liquids which do not fall under the category of dangerous goods as per IMDG code. Presently, flexitanks are used for transport of edible liquids including wine, edible oils, fruit juices, as well as sweeteners, among others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Environmental Packaging Technologies, Inc. (United States), My Flexitank Industries Sdn Bhd (Malaysia), Qingdao LAF Packaging Co., LTD (China), SIA Flexitanks Ltd. (Ireland), Trans Ocean Bulk Logistics Ltd (United Kingdom), BeFlexi Ltd. (The Republic of Cyprus), BLT Flexitank Industrial CO., LTD (United States), Kricon Group B.V. (The Netherlands), Mak & Williams Flexitank Supply Ltd (United Kingdom) and Rishi fibc solutions private limited (India) |
According to AMA, the market for Flexitanks is expected to register a CAGR of 14.1% during the forecast period to 2030. This growth is primarily driven by Advancements in the field of liquid handling, Growing commodity trade and Cost-effectiveness of flexitanks.
Globally, a noticeable market trend is evident
The Transportation Infrastructure sector in the Asia-Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Environmental Packaging Technologies, Inc. (United States), My Flexitank Industries Sdn Bhd (Malaysia), Qingdao LAF Packaging Co., LTD (China), SIA Flexitanks Ltd. (Ireland), Trans Ocean Bulk Logistics Ltd (United Kingdom), BeFlexi Ltd. (The Republic of Cyprus), BLT Flexitank Industrial CO., LTD (United States), Kricon Group B.V. (The Netherlands), Mak & Williams Flexitank Supply Ltd (United Kingdom) and Rishi fibc solutions private limited (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. One of the key player in global flexitanks market, Qingdao Hengxin Plastics Co., Ltd has increased its flexitanks production capacity to 200,000 units in 2018. Since a decade, the company has been manufacturing flexitanks. This production capacity expansion will further support the company to remain competitive in the market.
Market Growth Drivers:
Advancements in the field of liquid handling, Growing commodity trade and Cost-effectiveness of flexitanks
Restraints:
Risk of Cargo Loss Due to Leakage
Opportunities:
Growing Contribution of Developing Regions in Global Trade and Technological Advancements in Flexitanks
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Flexitanks Market
- Analysis about New Entrants in Flexitanks Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Flexitanks Study Sheds Light on
The Flexitanks Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Flexitanks industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Flexitanks industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.