Flexitanks Market : Global Industry Analysis and Forecast 2023-2029

Flexitanks are bags used to transport huge quantities of liquids upto 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, 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 loading/unloading.