New York, Sept. 23, 2019 (GLOBE NEWSWIRE) -- The benefits of portability, foldability, and ease of set up along with cost-effectiveness, provided by the flexitanks are driving the demand for the product.
The global flexitanks market is forecast to reach USD 1.49 Billion by 2026, according to a new report by Reports and Data. Growth in the trade of food-grade liquids, non-toxic chemicals, and pharmaceutical liquids are the major driving factors of the flexible tank market.
Flexitank is a bulk liquid container that consists of multiple layers of polyethylene that has an outer covering of woven polypropylene and can be used for transportation of any non-toxic liquids using the standard 20-foot railway or sea container. Flexitank is used to transport almost any non-toxic liquids, for industrial as well as food application, like juice concentrate, food, edible and animal oils, and fats, syrups, juices, wine, water, pharmaceutical, and food additives among other products.
The Asia Pacific region held more than half the market for flexible tanks throughout the forecast period. Rapid industrialization and rise in commodity export in countries like Malaysia, Thailand, China, India, Indonesia, and Vietnam are encouraging market growth. Furthermore, factors such as growth in end-user industries like chemical, pharmaceutical, and food & beverage, will propel the market demand. The region is a hub for chemical and industrial products which leads to high rate of commodity exports, in turn propelling the demand for flexitank.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1891
Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/flexitanks-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Flexitanks market on the basis of type, loading type, application, and region:
Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Loading Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Application Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Order Now: https://www.reportsanddata.com/checkout-form/1891
Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)
Browse more similar reports on Logistics category by Reports And Data
Logistics Automation Market - https://www.reportsanddata.com/report-detail/logistics-automation-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.