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    Flexitank Market | Covid-19 Impact Analysis

    Flexitank Market | Covid-19 Impact Analysis

    Flexitank Market | Covid-19 Impact Analysis
    Report code - SRCE160 Delivery - 2 Weeks
    Flexitank Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Flexitank Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Flexitank Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Flexitank Market Insights

    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.

    Flexitank Market - Snapshot

    Growth

    16.5% over the next five years

    Dominant Tank Type

    Multilayer

    Major Loading Type

    Top Load

    Dominant Application Type

    Food Grade Liquid

    Region with the Highest Demand

    Asia-Pacific

    Key Players

    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, and others.

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    Market Share Analysis

    Flexitank Market Forecast

    Flexitank Market Share: By Tank Type

    Based on the tank type, the market is segmented as monolayer and multilayer. Multilayer dominated the market in 2019, and is expected to register a higher CAGR during the forecast period. Higher durability and strength over monolayer flexitank and the ability to resist the contamination and moisture barriers are the prime reason for the dominance of the segment.

    Flexitank Market Share: By Loading Type

    Based on the loading type, the market is segmented as top loading and bottom loading. The top loading segment dominated the market in 2019; however, bottom loading is expected to register a higher CAGR during the forecast period. Bottom loading flexitank uses single valve for loading and unloading and hence, minimizes labor cost and loading & unloading time as compared to top load.

    Flexitank Market Share: By Application Type

    Based on the application type, the market is segmented as food grade liquids, non-hazardous chemicals, and pharmaceutical liquids. Food grade liquids dominated the market in 2019, and is expected to grow at a healthy CAGR during the forecast period. Food grade liquids are traded in bulk quantities across the regions. Asia-Pacific is the largest exporter of apple juice and edible oils. Wine, fruit juice, and fruit concentrates are exported from North America and South America.

    Flexitank Market Share: By Region

    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.

    Flexitank Market Analysis

    Some of the major players in the flexitank 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
    • others.

     

    Market Scope & Segmentation

    Flexitank is used for the storage and transportation of non-hazardous liquids such as water, fruit juice, food grade lubricants, wine, edible oil, latex, and additives. It reduces packaging storage and transportation cost due to its low unit cost and the convenience of positioning, speed of loading, and efficient use of loading weights.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Flexitank Market Analysis

    Flexitank Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The flexitank market is segmented into the following categories. 

    Flexitank Market Size, Share, & Forecast, by Tank Type:

    • Monolayer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Multilayer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flexitank Market Size, Share, & Forecast, by Loading Type:

    • Top Loading (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Bottom Loading (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flexitank Market Size, Share, & Forecast, by Application Type:

    • Food Grade Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-hazardous Chemicals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceuticals Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Flexitank Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the tank types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Flexitank Market in the foreseeable future?

    The flexitank market is expected to witness an impressive growth of 16.5% CAGR in the foreseeable future.

    Who are the key players in the Flexitank Market?

    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, and others are among the key players in the flexitank market.

    Which country/region is expected to remain the largest Flexitank Market?

    Asia-Pacific is expected to remain the largest flexitank market during the next five years.

    Which tank type is expected to register the higher CAGR in the Flexitank Market?

    Multilayer is expected to register the higher CAGR in the flexitank market in the coming years.

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