Flexitanks Market Analysis by Product, by Application and Segment Forecasts to 2022

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Flexitanks Market Size, Share, Trend Analysis,
Market Growth By Technology Application And
Segment Forecasts To 2022

The global flexitanks market is expected to reach USD 922.3 million by 2022, according to a new
study by Grand View Research, Inc. Cost advantage offered by bulk shipping has compelled most of
the shippers to look for bulk packaging solutions. Flexitanks being the most cost effective liquid bulk
packaging solution has gained more popularity than its counterparts such as ISO tanks and barrels.
Increasing need for efficient, flexible storage and portability of liquids has considerably driven the
global flexitanks market. Other advantages such as foldability, portability and easy setup have fueled
flexitanks demand over past few years.
Risks associated with bulk fluid transfer include leakage of contained products that subsequently
results in cleanup activities. Flexitanks are subject to pressures from container walls while on long
distance routes during rail and ship transport of cargoes. Although these products are manufactured
in accordance with environmental legislations, risks associated with leakage incidents still exist.
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Further key findings from the study suggest:
Global flexitanks market demand was 800,000 units in 2014 and is expected to reach 3,135,791 units
by 2022 growing at a CAGR of 18.6% from 2015 to 2022
Foodstuffs were the leading application segment and accounted for over 30% of total market
volume in 2014. Easy availability of FDA approved flexitanks in all regions has been a major factor for
its increased penetration.
Chemical is expected to be the fastest growing application segment at an estimated CAGR of 18.9%
from 2015 to 2022. The growth can be attributed to increasing popularity of flexitanks along with
the fact that all...