Albany, NY -- (SBWire) -- 06/05/2018 --A new market research report, titled "Flexitanks Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," has been added to the repository of Market Research Hub (MRH), recently. The report is an extensive assessment of the flexitanks market for an eight-year period (2018-2026), based on the detailed examination of market size and share, growth pattern, recent trends, and estimations.
Polymer bags that are made up of polypropylene and polyethylene, which are used for transportation of bulk quantities of liquids, are referred to as flexitanks. These tanks are extensively used in transportation of edible liquids, including palm oil, coconut oil, cotton seed oil, babassu oil, crude palm kernel, fruit juices, and wine. The study indicates that multilayer, single-use tanks constitute the most commonly used flexitank type, owing to a heap of advantageous features exhibited by them. The most sought after material used in manufacturing flexitanks is polyethylene, of LLDPE is said to be the predominantly used form. Being an economical alternative for bulk transportation of liquids, flexitanks are expected to witness healthy demand during the projection period.
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The global market for flexitanks has been assessed by individual region as well as on a global level, in the aforementioned report. The market forecast is provided in terms of volume (units) and value (US$ Mn) over the eight-year forecast period. In the market dynamics section, the report provides thorough insights on the most prominent factors that are anticipated to hold a positive as well as negative impact on the global flexitanks market performance during the projection period. Examination of recently spotted trends in the industry and the latest opportunities, which can potentially create optimistic prospects for market participants, have also been covered extensively in the report.
The next part of the report includes detailed analysis of the value chain in the global flexitanks market, providing a comprehensive view of the market. The Porter's Five Forces model has been included in the report in order to help readers grasp the overall status of the competitive landscape at present, along with the forecast scenario through 2026. The study also encompasses the market attractiveness analysis that benchmarks the products and applications of flexitanks, based on their growth patterns and rates, market size, and attractiveness indices.
Material-wise, polyethylene is expected to remain a major segment by weight, whereas application-wise, food grade liquids are presumed to dominate over all other applications throughout the forecast period, as indicated by the report. Regional examination of the global market for flexitanks reveals that Asia Pacific will continue to dominate other regional markets, exhibiting a significant CAGR value over 2018-2026.
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Key market players are expected to embrace integrated operational approach in near future.
Bulk transportation and export of edible liquids will continue to face a few challenges, including leakage and the following loss of cargo. While these limitations arise due to improper installation and loading, they can be potentially overcome by manual monitoring the fitting operations by dedicated skilled resources with extensive knowledge and technical expertise. Flexitank manufacturers are likely to encounter with multiple opportunities in near future, through forward integration of their operations and provision of professional fitting services of flexitanks in containers. Some of the key players included in the report already involve integrated operations their existing process, in terms of flexitank manufacturing and fitting services.
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Global Flexitanks Market Revenue to Surge Through 2026, Driven by Bolstering Edible Liquid Consumption & Trade
Asia Pacific is one of the leading exporters of liquids such as vegetable oils, aerated & non-aerated beverages, water, industrial and agricultural liquids, etc. due to which Asia Pacific accounted for a major share of the flexitanks market in 2017.