According to IMARC Group’s latest report, titled “Flexitanks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited reached a value of US$ 510 Million in 2020. Flexitanks are storage containers that assist in transporting non-hazardous liquids like chemicals safely over distant areas. They are utilized for storing food-grade products, such as fruit concentrates, alcohol, edible oil, and eggs, as they are reliable, convenient, and cost-effective. They occupy minimal space and offer operational efficiency and protection against microbial contamination. 

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A considerable increase in the international shipment of food products and beverages represents one of the key factors bolstering the market growth. In addition, flexitanks are used to store potable water during emergencies. They are also ideal for transporting industrial liquid chemicals, such as detergents, lubricants, fertilizers, latex, and paints. Apart from this, key players are developing renewable and recyclable flexitanks with enhanced durability and strength. This, coupled with the rising usage of flexitanks for the safe transportation of pharmaceutical products and the escalating need for prescribed drugs, is projected to propel the market growth. Looking forward, IMARC Group expects the flexitanks market to grow at a CAGR of 18.5% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

• Braid Logistics UK
• Bulk Liquid Solutions (P) Ltd
• Büscherhoff Packaging Solutions GmbH
• Full-Pak
• Hengxin Plastic Co. Ltd.
• JF Hillebrand
• MY FlexiTank
• SIA Flexitanks
• TRUST Flexitanks
• Yunjet Plastic Packaging

Market Segmentation:

Breakup by Product:

• Single-Trip
• Multi-Trip

Breakup by Application:

• Food
• Wine & Spirits
• Chemicals
• Oils
• Pharmaceutical Goods
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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