SAN FRANCISCO, March 1, 2016 /PRNewswire/ --
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.
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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.
Browse full research report with TOC on "Flexitanks Market Analysis By Product (Single-Trip, Multi-Trip), By Application (Foodstuffs, Wine & Spirits, Chemicals, Oils, Industrial Products, Pharmaceutical Goods) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/flexitanks-market
Single-trip flexitank was the leading product segment and accounted for 94.8% of total market volume in 2014. Curtailment of cleaning and repositioning cost is expected to remain key driving factors for this segment over the forecast period. Single-trip flexitanks are also expected to witness the highest growth over the forecast period.
Further key findings from the report suggest:
Grand View Research has segmented the global flexitanks market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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