Key Insights of Flexitanks Market Covering Prime Factors and Competitive Outlook till 2026

Albany, USA, 2018-May-16 — /EPR Network/ —An up-to-date research report 2018 has been disclosed by Market Research Reports Search Engine (MRRSE) highlighting the title “Flexitanks Market” which provides an outlook for current market value as well as the expected forecast including Rate on Investment (ROI) together with the growing CAGR near 14.3% during 2018-2025. The report studies the Flexitanks Market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

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Flexitanks are bags used to transport large quantities of liquids upto 24,000 liters, in a 20- feet container. They are manufactured in standard sizes, ranging from 10,000 liters to 24,000 liters. They are bags of polymer materials such as polyethylene, polypropylene, PVC coated fabric, etc. usually employed for transportation of non-hazardous liquids such as wine, fruit juices, edible oils, industrial liquids, sweeteners, agricultural liquids, etc. All the liquids that do not fall under the category of dangerous goods as per IMDG code can be transported using flexitanks. Currently, flexitanks are employed for transport of edible liquids such as wine, fruit juices, edible oils, sweeteners, etc. Around 30% of the wine all over the world is transported using flexitanks. Flexitanks are of three types: monolayer, bi-layer, and multilayer. Multilayer flexitanks are the most preferred type owing to their low cost and several advantages. The flexitanks market is anticipated to offer significant potential, especially in the Asia Pacific region. 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.

Low Overall Cost of Flexitanks Compared to that of Other Bulk Packaging Products

 

The average cost of a flexitank is much higher than the per unit cost of intermediate bulk container IBCs or drums. However, in case of transport of large quantities of liquids, the overall cost of flexitanks, including operational cost, proves to be more economical than that of its counterparts. A standard 20-feet container is usually chosen to transport bulk quantities of liquids. The 20-feet container accommodates one flexitank with the capacity of 24000 liters. It requires around 18 units to 20 units of IBC tanks and 80 units of drums to transport an equivalent or lesser quantity of liquid in a 20-feet container. The quantity of cargo/liquid that can be transported decreases marginally in IBCs and drums due to the large number of units. The per unit cost of ISO tanks is high. It ranges from around US$ 15,000 to US$ 16,000. Often, ISO tanks are procured on a rental basis, wherein the per day rent of these tanks ranges between US$ 15 and US$ 20. This proves to be high for longer duration journeys. Furthermore, the user has to bear an additional return cost for getting the empty ISO tanks back to the destination. Thus, the overall cost of flexitanks proves to be 30% to 40% lesser compared to that of other bulk packaging products.

Risk of Cargo Loss due to Leakage

Risk of leakage of cargo in flexitanks is higher than that in other bulk packaging carriers. Flexitanks are made up of polyethylene or polypropylene. Chances of damage to the flexitank material are high due to improper or careless handling during loading/unloading. Therefore, utmost care has to be taken while loading and discharging flexitanks in and from containers. These operations can be conducted by operators that provide fitting services of flexitanks into containers. These can also be carried out by flexitank manufacturers with technical expertise and knowhow. Flexitanks are useful in transportation of bulk quantities of products. Hence, they appeal only to users transporting bulk quantities of cargo/liquid. Flexitanks are not feasible for small players transporting less quantities of liquids. An entire quantity of a liquid is stored in a flexitank. Therefore, chances of losing the entire quantity of liquid during a case of contamination is high. This can lead to significant losses.

The report comprises profiles of major companies operating in the global flexitanks market. Key players in the flexitanks market are Trans Ocean Bulk Logistics Ltd., Braid Logistics UK, Trust Flexitanks, and Qingdao Global Flexitank Logistics etc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

Detailed Report with specifies Table of Content @ https://www.mrrse.com/flexitanks-market

The global Flexitanks market has been segmented as follows:

Flexitanks Market, by Product

  • Monolayer
  • Bi-layer
  • Multilayer

Flexitanks Market, by Type

  • Single Use
  • Reusable

Flexitanks Market, by Material

  • Polyethylene
    • HDPE
    • LDPE
    • LLDPE
  • Polypropylene
  • Others

Flexitanks Market: by Application

  • Food Grade Liquids
  • Non-hazardous Chemicals
  • Industrial Liquids
  • Agricultural Liquids
  • Others

Flexitanks Market: Regional Analysis

  • North America
    • S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Malaysia
    • Other ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC
    • Iran
    • South Africa
    • Rest of Middle East & Africa

Key Takeaways

  • The flexitanks market is anticipated to expand at a significant rate due to increasing demand for edible liquids and their growing trade
  • Flexitanks provide several advantages over alternatives and prove to be very economical as compared to other bulk packaging products
  • Multilayer, single-use flexitanks are the most preferred type across the globe. They are anticipated to continue their dominance during the forecast period.
  • Loss of cargo due to leakage is one of the major concerns during the export of liquids. These incidents primarily occur due to adoption of improper ways of installation and loading in flexitanks. Fitting operations should ideally be carried out by a person or organization having technical expertise and knowhow about flexitanks. Thus, flexitank manufacturers have the opportunity to forward integrate their operations and provide fitting services of flexitanks in containers. Some of the existing players have integrated operations with respect to flexitank manufacturing and fitting services.
  • Polyethylene forms the major material, by weight, in the overall construction of flexitanks. In terms of application, the food grade liquids segment is anticipated to dominate the market during the forecast period.
  • Asia Pacific is anticipated to dominate the market and expand at a significant rate during the forecast period

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