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Flexitanks Market Trends

Report ID: GMI6319
Published Date: Jul 2023
Report Format: PDF

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Flexitanks Market Trends

The advancements in flexitank technology and material innovations are enhancing product performance, safety, and compatibility with a wider range of liquid products, making it a suitable transportation option across various industries. Also, through digitalization and integration of technology in the logistics sector, supply chain management is getting streamlined with real-time tracking and enhanced operational efficiency. These factors, along with the emerging trend of flexitank leasing and pooling services are shaping the industry dynamics at present.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for flexitanks was worth 955 million in 2023 and is expected to record a CAGR of over 20.1% during 2024 and 2032.

The single trip segment of flexitanks industry 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.

North America flexitanks value estimated at over USD 373 million in 2022 and is projected to showcase impressive growth through 2032, owing to the demand for sustainable packaging solutions in the region and the growing emphasis on optimizing supply chain logistics.

SIA Flexitanks, Bulk Liquid Solutions, Environmental Packaging Technologies (EPT), Trust Flexitanks, BeFlexi, Mak & Williams Flexitank Supply Limited, Qingdao LAF Packaging Co., Ltd., and Rishi FIBC Solutions Pvt. Ltd. among others.