Flexitanks Market Overview, Production-Consumption Ratio and Analysis Research Report 2018-2023
Flexitanks Market from Qurate’s Repository provides detailed information, in-depth analysis, and forecast which is developed by a team of experts and professionals
(EMAILWIRE.COM, September 10, 2018 ) The Flexitanks Market was worth USD 0.25 billion in 2014 and is expected to reach approximately USD 0.93 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 15.68% during the forecast period. Expanding demand for flexible storages combined with rising concerns in regards to portability of fluids are the essential elements driving the business development. Competitive benefits, for example, cost-effectiveness, portability, foldability alongside simplicity of set up are anticipated to support demand for flexitanks market at a lively pace over the figure time frame. Flexitanks are practical solutions in comparison with ISO tanks and drums, attributable to these factors, market players consider this as a basic alternative for saving transportation cost for non-hazardous liquids. No repositioning costs, less labour and loading costs are a portion of the variables which make this product a productive alternative for mass liquids to be transported to remote goals.
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Product Outlook and Trend Analysis
Single trip flexitank was the most significant product fragment which represented 934,027 units by volume in 2015. Inferable from expanded carriage limit and low repositioning costs these tanks are favoured by manufacturers on an extensive scale. The majority of the single trip flexitanks are produced using polyethylene as reusing and disposal of such products is easier. The cost-effectiveness of expendable flexitanks has made them much pervasive than the other type. Single trip flexitanks are accessible for a wide range of non-hazardous fluid and semi-solid products. The expanding ware exchange is anticipated to encourage the single trek flexitanks' request over the gauge time frame.
Application Outlook and Trend Analysis
Food stuffs application developed as the main application fragment and represented a share of the overall industry of 35.6% in 2015. Expanding foodstuffs trade from different nations is anticipated to encourage the demand over the figure period. The chemicals portion involved the second biggest share of the overall industry of 20.7% in 2015. Bulk synthetic transportation was generally done through ISO tanks and barrels. Nonetheless, the high cleaning and repositioning expenses of these methods of transportation constrained end-users to consider a more prudent technique using flexitanks.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to be the quickest developing local market which represented 61% of the aggregate volume share in 2015. The district is foreseen to achieve 67.4% of the general share of the overall industry by 2024 attributable to quick industrialization and product send out from nations like Malaysia, Thailand, India, Indonesia, China, and Vietnam. Europe represented roughly 14.6% of the market in 2015 by volume. It is the essential exporter foodstuff and wine. The Netherlands, Denmark, and Spain are the major exporters of various foods, for example, organic product juices, malt extracts and olive oil.
Competitive Insights
The leading players in the market are Qingdao LAF Packaging Co Ltd, Mak & Williams Flexitank Supply Ltd, Environmental Packaging, SIA Flexitanks Ltd, Braid Logistics UK Ltd, My Flexitank Industries Sdn Bhd, Kricon Group, Bulk Liquid Solutions Pvt Ltd, Büscherhoff Spezialverpackung GmbH & Co KG, Full-Pak and BLT Packing Industrial Co LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Flexitanks Market is segmented as follows-
By Product:
Multi-trip
Single-trip
By Application:
Wine & Spirits
Oils
Pharmaceutical Goods
Foodstuffs
Chemicals
Industrial Products
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Request for Free Sample@ https://www.qurateresearch.com/report/sample/AnT/QBI-CMR-AnT-54251
Product Outlook and Trend Analysis
Single trip flexitank was the most significant product fragment which represented 934,027 units by volume in 2015. Inferable from expanded carriage limit and low repositioning costs these tanks are favoured by manufacturers on an extensive scale. The majority of the single trip flexitanks are produced using polyethylene as reusing and disposal of such products is easier. The cost-effectiveness of expendable flexitanks has made them much pervasive than the other type. Single trip flexitanks are accessible for a wide range of non-hazardous fluid and semi-solid products. The expanding ware exchange is anticipated to encourage the single trek flexitanks' request over the gauge time frame.
Application Outlook and Trend Analysis
Food stuffs application developed as the main application fragment and represented a share of the overall industry of 35.6% in 2015. Expanding foodstuffs trade from different nations is anticipated to encourage the demand over the figure period. The chemicals portion involved the second biggest share of the overall industry of 20.7% in 2015. Bulk synthetic transportation was generally done through ISO tanks and barrels. Nonetheless, the high cleaning and repositioning expenses of these methods of transportation constrained end-users to consider a more prudent technique using flexitanks.
Regional Outlook and Trend Analysis
Asia Pacific is anticipated to be the quickest developing local market which represented 61% of the aggregate volume share in 2015. The district is foreseen to achieve 67.4% of the general share of the overall industry by 2024 attributable to quick industrialization and product send out from nations like Malaysia, Thailand, India, Indonesia, China, and Vietnam. Europe represented roughly 14.6% of the market in 2015 by volume. It is the essential exporter foodstuff and wine. The Netherlands, Denmark, and Spain are the major exporters of various foods, for example, organic product juices, malt extracts and olive oil.
Competitive Insights
The leading players in the market are Qingdao LAF Packaging Co Ltd, Mak & Williams Flexitank Supply Ltd, Environmental Packaging, SIA Flexitanks Ltd, Braid Logistics UK Ltd, My Flexitank Industries Sdn Bhd, Kricon Group, Bulk Liquid Solutions Pvt Ltd, Büscherhoff Spezialverpackung GmbH & Co KG, Full-Pak and BLT Packing Industrial Co LTD. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Enquiry About Report@ https://www.qurateresearch.com/report/enquiry/AnT/QBI-CMR-AnT-54251
The Flexitanks Market is segmented as follows-
By Product:
Multi-trip
Single-trip
By Application:
Wine & Spirits
Oils
Pharmaceutical Goods
Foodstuffs
Chemicals
Industrial Products
By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Click on the link to Buy Now@ https://www.qurateresearch.com/report/buy/AnT/QBI-CMR-AnT-54251
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Contact Information:
Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
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Qurate Business Intelligence
Nehal Chinoy
Tel: +919881074592
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results