The global flexitanks market was valued at $208.5 million in 2014 and is projected to reach $922 million by 2022. Growing export from the regions of Europe & Asia-Pacific has driven the bulk packaging market. Due to the huge cost savings offered by flexitanks, bulk product transporters prefer these tanks over the conventional transportation modes. Moreover, flexitanks provide a commercially cost-effective & better solution to liquid bulk transportation needs. Growing need for flexible and efficient storage has significantly driven the market. Competitive benefits like easy setup and portability have considerably driven the product demand in the market. Bulk commodity shipping has proven to be a better choice both environmentally and economically. Growing popularity of mass shipping is projected to boost the flexitanks market in the forecast period (2015–2022).
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Single-trip disposable bladders came up as the topmost product segment. It accounted for over 90 percent of the total product demands in 2014. Single-trip bladders are chosen over multi-trip bladders since they are very cost effective and have higher carriage capacity. Multi-trip bladders are useful to store & transport potable, irrigation & fire water, pesticides and so on.
The earlier top market segment was foodstuffs application with a demand share of over 30%. Flexitanks are used for the shipping of semisolid & liquid foodstuffs in bulk like fruit concentrates, fruit juices, edible oil, animal & vegetable fats, filtered water, wine etc. The environmental & economical benefits of bulk shipping have spurred the product popularity across exporters. The Food & Drug Administration (FDA) approved flexible tanks can also be used for bulk medicaments shipping.
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The Asia-Pacific flexitanks market led the global market accounting for over 60 percent of the total share in 2014. All the regions of Asia-Pacific have various applications product demands depending on the export commodity type. Due to growing commodity export from this region, the disposable bladders demand has increased in the region. Chemicals & industrial product export from the U.S. along with extensive foodstuffs export from Canada & Mexico has spurred the flexitanks market growth in the region.
Europe is a major wine & other foodstuffs’ exporter. The Netherlands, Denmark, & Spain are major exporters of foodstuffs such as olive oil, malt extracts, fruit juices etc. Growing production of chemical and industrial products in UK & Germany has increased the flexitanks demand in the oils & chemicals application sectors.
The key flexitanks manufacturers are Trans Ocean Bulk Logistics Ltd., Environmental Packaging Technologies Inc., SIA Flexitanks Ltd., BLT Flexitank, Bulk Liquid Solutions, and so on.
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