Flexitanks Market Analysis

Flexitanks Market Analysis

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The flexitanks market share from chemicals application is touted to register strong CAGR over 2023 to 2032 as the product provides a secure & efficient solution for the transportation of various chemical products, including industrial chemicals, specialty chemicals, petrochemicals, and more. Flexitanks are designed to meet stringent safety standards and regulations to ensure the integrity and compatibility of the chemicals during transit. The focus on cost-effective and reliable bulk liquid transportation in the chemical industry for various manufacturing processes and supply chain operations is supporting the adoption of flexitanks.

The single trip segment of flexitanks market accounted for a revenue share of 73% in 2022 and is poised to grow notably through 2032, due to its convenience and reduced risk of cross-contamination between different liquid shipments. Businesses with intermittent liquid transportation needs or those dealing with sensitive or high-value liquids often opt for single trip flexitanks, as they offer a cost-effective and hassle-free solution for short-term shipping requirements. The durability as well as the elimination of return transportation journey with safe disposable or recycling of the product is propelling the demand for single trip flexitanks.
 

North America flexitanks market value estimated at over USD 373 million in 2022 and is projected to showcase impressive growth trends during the forecast period, owing to the need for sustainable packaging solutions, the expansion of e-commerce, and the growing emphasis on optimizing supply chain logistics. The well-developed infrastructure and extensive international trade in the region are creating opportunities for flexitanks manufacturers. Additionally, the strict regulatory compliance requirements have led to the development of high-quality and safety-compliant flexitanks, further adding to the regional market growth.