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Submitted 2018-12-26 12:57:21 Global Flexitanks market was valued US$ 330 Mn in 2017 and is estimated to reach US$ 1085 mn by 2026 at a CAGR of about 14% during a forecast period.

The report segment of Flexitanks market based on type, product, application, material Jacob deGrom Jersey , and region. In terms of type, the Flexitanks market is classified into single-use, reusable. Based on product, the Flexitanks market is categorized into monolayer, bi-layer, and multilayer. On the basis of application Wilson Ramos Jersey , the Flexitanks market is divided into foodstuffs, wine & spirits, chemicals, oils. Based on material, the Flexitanks market is segmented into polyethylene, polypropylene. Region wise into North America Noah Syndergaard Jersey , Europe, Asia Pacific, Middle East & Africa, and Latin America.

Flexitanks are bags used to transport huge quantities of liquids up to 24,000 liters, in a 20- feet container. Increase in demand for flexible storages coupled with growing concerns regarding portability of liquids are the primary factors driving the industry growth. Flexitanks are cost-effective solutions as compared to ISO tanks & drums Michael Conforto Jersey , owing to these factors, market players consider this as an essential alternative for saving transportation cost for non-hazardous liquids. No repositioning costs, low labor and loading costs are some of the factors which make this product an efficient option for bulk fluids to be transported to remote destinations. Increase in trend of bulk transport is estimated to foster the market over the forecast period. Chances of damage to the flexitanks material are high due to improper or careless handling during loadingunloading.

Global Flexitanks market

Flexitanks market is segmented into type, product, application, material Robinson Cano Jersey , and region. In terms of type, Single use flexitank was the most significant type segment which accounted for 954,037 units by volume in 2017. Most of the single use flexitanks are made from polyethylene as recycling and disposal of such products is easier. Single use flexitanks are available for all kinds of non-hazardous liquid and semi-solid commodities. Reusable bladders are mostly used to store and transport pesticides, irrigation water, fire water, and potable water. A higher initial cost of reusable flexitanks is the most prominent growth barrier in the segment.

Based on product Todd Frazier Jersey , multilayer flexitanks have gained an important portion of the flexitanks market share in the past few years and the trend is likely to continue during the forecast period. On the basis of application, Foodstuffs application emerged as the dominating application segment followed by chemicals. Hazardous chemicals are not transported by flexitanks as the danger associated with the spillage of the. Cheap Jerseys Free Shipping Cheap Jerseys China Wholesale Cheap Wholesale Jerseys Wholesale Jerseys Wholesale Jerseys From China Cheap NBA T-shirts Wholesale Hats China Cheap Shirts Free Shipping Cheap T-shirts Wholesale Cheap NCAA T-shirts