Stratview Research announces the launch of a new research report on the Flexitank Market is Segmented by Tank Type (Monolayer, Multilayer), by Loading Type (Top Loading, Bottom Loading), by Application Type (Food Grade Liquids, Non-hazardous Chemicals, and Pharmaceutical Liquids), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Flexitank Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Flexitank Market size, market growth, and opportunities. The report also analyses market key aspects such as-
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Covid-19 Impact analysis.
- Market environment analysis: Growth drivers and constraints, and SWOT analysis.
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
Highlights from the Report
Flexitank market is likely to witness a CAGR of 16.5% during the forecast period. The prime factor contributing to the demand for flexitank is the rise in trade of food-grade and pharma-grade liquids and non-hazardous chemicals. Competitive advantages over traditional tanks are also driving the flexitank market.
In terms of regions, Asia-Pacific is estimated to remain the largest and the fastest-growing market during the forecast period as the region is the largest producer of food grade liquid and pharmaceuticals. The region also has the largest middle-class consumers of these products. China dominated the region’s flexitank market in 2019. The supply chain hampered due to the COVID-19 outbreak; hence, a negative impact of it will impede the demand in 2020. However, the market is expected to rebound with the resumption in normal trade.
According to the report, the key players of the market are –
- Braid Logistics
- Bulk Liquid Solutions
- Environmental Packaging Technologies
- Hengxin Plastic
- Qingdao Global Flexitank Logistics
- Qingdao Laf Packaging
- Rishi FIBC
- SIA Flexitanks
- Trans Ocean Bulk Logistics
- Trust Flexitanks
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