Flexitanks Market Size, Share, and Growth Analysis

Flexitanks Market By Product (Multi-trip, Single-trip), By Application (Foodstuffs, Chemical), By Material Type (Polyethylene, Polypropylene), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15A2465 | Region: Global | Published Date: January, 2025
Pages: 191 |Tables: 89 |Figures: 71

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Flexitanks Market Insights

Global Flexitanks Market size was valued at USD 1098.14 Million in 2023 and is poised to grow from USD 1,357.3 Million in 2024 to USD 7393.05 Million by 2032, growing at a CAGR of 23.6% in the forecast period (2025-2032).

The market is experiencing substantial growth driven by the increasing volume of commodity trade globally. As international trade expands, the demand for efficient transportation solutions for bulk liquids is rising, making flexitank a preferred choice. The shift toward sustainable and eco-friendly packaging solutions has played a crucial role in driving the adoption of flexitanks. As environmental concerns intensify, businesses are seeking ways to reduce their carbon footprint and promote sustainable practices throughout their supply chain. Flexitanks, being lightweight and producing less waste compared to traditional packaging options like drums or ISO tanks, are gaining popularity across the sectors. Moreover, the product offers a significantly lower upfront cost and reduced operational expenses, making it an attractive option for businesses looking to optimize their supply chain and transportation costs. The focus among companies to maximize storage capacity and minimize handling & cleaning expenses while ensuring the safe & efficient transportation of liquids will boost the growth of global flexitanks industry.The rising global commodity prices have made efficient transportation methods increasingly critical. As prices for key commodities, such as crude oil and agricultural products, continue to rise, maximizing profit margins through efficient shipping is vital for exporters. The ability to transport larger volumes at lower costs not only benefits exporters but also ensures competitive pricing for consumers. The global flexitanks market is expected to continue expanding as companies recognize the benefits of this innovative shipping method considering these dynamics.

Market snapshot - (2025-2032)

Global Market Size

USD 1098.14 Million

Largest Segment

Multi-trip

Fastest Growth

Single-trip

Growth Rate

23.6% CAGR

Global Flexitanks Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Flexitanks Market Segments Analysis

The global flexitanks market is segmented by product, material type, application and region. Based on product, the market is segmented into single-trip and multi-trip. Based on material type, the market is segmented into polyethylene, polypropylene and others. Based on application, the market is segmented into foodstuffs, wine & spirits, chemical, oils, industrial products and pharmaceutical goods. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Product

As per global flexitanks market outlook, the multi-trip segment led the market with the largest revenue share of 54.82% in 2024. Single layer flexitank are primarily manufactured from materials such as polyethylene (PE), which is known for its lightweight and flexible characteristics. Typically featuring a thickness of around 1mm, these single layer flexitanks provide a reliable option for the transportation of various industrial products, including chemicals, liquid fertilizers, and certain food products. Their straightforward design allows for efficient filling and discharge processes, making them a popular choice among manufacturers and distributors looking to streamline their logistics operations. Single layer flexitanks are particularly valued for their cost-effectiveness and ease of handling, which can significantly reduce overall transportation costs while maintaining product integrity during transit.

As per global flexitanks market analysis, the single-trip segment is expected to grow at a significant CAGR of 21.0% during the forecast period. The market is experiencing significant growth, and this increase can be attributed to the enhanced protective qualities offered by multi-layer flexitank, which is designed to safeguard sensitive liquid cargo from contamination and external factors. Comprising multiple layers of materials such as polyethylene (PE), ethylene vinyl alcohol (EVOH), and aluminium, these flexitanks provide superior barrier properties, making them particularly suitable for transporting high-value products like pharmaceuticals, chemicals, and specialty liquids. The multi-layer construction not only extends the shelf life of the products but also ensures compliance with strict industry standards, thereby boosting their adoption among manufacturers and logistics providers.

Analysis by Application

The food stuffs segment led the market with the largest revenue share of 29.20% in 2024. Foodstuffs are among the most significant segments in the global market, given their growth over the years. The anticipated growth of the segment can be attributed to the rising consumption of grocery products coupled with the burgeoning growth of retail chains, especially hypermarkets & supermarket chains, in emerging economies. The segment includes a wide range of products, including fruit juices, concentrates, vegetable oils, palm oils, fish oils, edible oils, sorbitol, fructose, coconut oils, egg liquid, malt extract, corn oil, sauces, purees, and bakery & confectionery products, among others.

As per the global flexitanks market forecast, the chemical segment is expected to grow at a significant CAGR of 24.4%. Flexitank has transformed the transport of non-hazardous chemicals in the chemical industry, offering a highly efficient, low-cost, and durable alternative to conventional packaging options like corrugated containers. Many companies are now opting for flexitank due to its lightweight and sturdy structure, which significantly reduces shipping costs while providing reliable protection during transit. Unlike traditional packaging, these flexitanks are often crafted from recycled polypropylene, ethylene vinyl acetate (EVA), and polyethylene, thereby minimizing the reliance on 100% virgin polymers. This shift supports both cost reduction and sustainability initiatives, allowing chemical manufacturers to meet growing environmental standards.

Global Flexitanks Market By Product (%)

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Flexitanks Market Regional Insights

Asia Pacific dominated the flexitanks market with the largest revenue share of 46.93% in 2024. This high growth is attributable to the presence of the two largest agricultural-producing and consuming countries, namely China and India, in the region. Furthermore, several key companies in Europe and North America have been outsourcing production activities to India and China owing to the lower production costs in these countries. Therefore, the potential growth of food and pharmaceutical industries is anticipated to increase the demand for flexitank within the region during the forecast period. The flexitanks market in China is anticipated to grow at a substantial CAGR during the forecast period.

North America is the fastest growing region in the market. The flexitanks market in the U.S. accounted for the largest market share in North America in 2024, owing to the presence of large food & beverage and pharmaceutical industries coupled with strong per capita income. The presence of major flexitank manufacturers, such as Environmental Packaging Technologies, Inc. and Techno Group USA, in the US, are supporting the market growth. The demand is also gaining growth owing to the rising preference for flexitank by the shipping companies for the transportation of liquid orders. For instance, according to a US-based company that offers shipping services to manufacturers and receivers, InterlogUSA, tank containers were the primary means for transporting liquid cargo across the country, but that was the case before the invention of the flexitank.

Global Flexitanks Market By Geography
  • Largest
  • Fastest

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Flexitanks Market Dynamics

Drivers

Increase in Transportation of Commodity Products

  • According to a report by the World Trade Organization, the export of manufactured goods increased by 22% in 2021 after a decline of 5% in 2021. The growth is expected to continue its path upward with the increasing dependence of countries on each other for various commodities. Food products, chemicals, petroleum products, and pharmaceuticals are some of the major commodities expected to show maximum traction in the near future. Their transportation is expected to be increasingly safeguarded to avoid potential losses.

Cost Effectiveness of Flexitanks over Other Bulk Liquid Transportation Methods to Provide Growth Pathways

  • Flexitanks are not the only option for the transportation of liquid products, yet they are very cost-effective compared to other alternatives, such as IBCs and drums. While the cost of manufacturing is higher than other conventional products, their installation requires almost a quarter of the time and a very low amount of labor. According to SIA Flexitanks, standard flexitanks can hold up to 24 tons of payload, about 15% more than IBCs and 40% more than drums. This facilitates the reduction of transportation costs.

Restraints

Tearable and Inability to Sustain High Pressure Restrict the Adoption of Flexitanks

  • Flexitanks, widely used for transporting and storing liquids, are susceptible to wear and tear if the shipping container is not properly lined. Furthermore, while loading material, if the pressure inside the tank increases beyond the specified level, there is a possibility of the bursting of the tank. The pressure-sustaining capacity of these tanks is considerably lower than other bulk liquid transportation methods, which further restricts its adoption for the carriage of high-density liquids.

Environmental Impact of Single-use Flexitanks

  • The environmental impact of single use flexitanks, primarily made from plastic, poses a significant concern for market growth. Each use contributes to plastic waste, challenging the sustainability goals of countries with stringent plastic waste management regulations. As a result, businesses are actively seeking alternatives, including multi-use or biodegradable flexibags, to mitigate their environmental footprint and comply with eco-friendly standards.

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Flexitanks Market Competitive Landscape

The competitive scenario of the flexitanks market is characterized by the presence of both established players and emerging companies offering innovative solutions in water transport. Braid Logistics, SIA Flexitanks, Environmental Packaging Technologies etc. Key players such as Braid Logistics, SIA Flexitanks, and Environmental Packaging Technologies dominate the market with their extensive product portfolios and global distribution networks. These companies focus on enhancing product durability, capacity, and compatibility with a wide range of liquid commodities to cater to diverse industries such as food & beverage, chemicals, and pharmaceuticals.

Top Players in Flexitanks Market

  • Hillebrand Gori Group GmbH
  • Neoflex
  • FLUIDTAINER FLEXITANK SDN BHD
  • Qingdao Hengxin Plastic Co. Ltd
  • Philton Polythene Converters Ltd
  • Anthente International
  • LSM S.A. - FLEXPACK
  • United Accredited Co.
  • Transocean Forwarding & Commerce
  • Rishi FIBC Solutions Pvt Ltd
  • Hinrich Industries
  • ONE Flexitank
  • Infinity Bulk Logistics Sdn Bhd
  • Tancomed S.A.
  • Transolve Global

Recent Developments

  • November 2023, ASF, Inc., a logistics service provider, announced the expansion of its flexitank portfolio, providing highly efficient and environmentally friendly forms of shipping for non-hazardous bulk liquid cargo.
  • June 2022, Mediterranean Shipping Company became one of the companies to provide in-house liquid cargo solutions by introducing flexibag for shipping liquid cargo. Flexibags can carry up to 24,000 liters of non-hazardous liquids such as wine, edible oils, petroleum products, and chemicals, offering a cost-effective and safe alternative to other bulk liquid transportation solutions.
  • March 2022, SIA Flexitanks launched its innovative trinity tank. This three-pod reefer flexitank system would enable shippers to load multiple flexitanks in the same container to transport the bulk liquids. The tank has a total capacity of 27,000 liters, and one of the triple tanks can hold 9,000 liters.

Flexitanks Key Market Trends

Flexitanks Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to SkyQuest analysis, rising costs of fuel and increased demand for international shipping of various products are surging the demand for lightweight and secure bulk packaging options. Additional factors that are likely to boost the demand for flexitanks in the upcoming years include low labour and logistic costs involved in handling, zero cleaning costs in one-time use flexitanks, versatile applications, and eco-friendliness. Multi-trip flexitanks are gaining significant traction across various industries owing to the cost-effectiveness and efficiency offered by these flexitanks. As multi-trip flexitanks can be reused numerous times compared to single-trip products, they are considered more sustainable and cost-effective. In addition to this, multi-trip flexitanks are extremely durable and strong, which leads to enhanced safety of liquid contents during transportation and storage. Hence, these advantages are anticipated to propel the growth of this segment in the forecast period.

Report Metric Details
Market size value in 2023 USD 1098.14 Million
Market size value in 2032 USD 7393.05 Million
Growth Rate 23.6%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Single-trip and multi-trip
  • Material Type
    • Polyethylene, Polypropylene and Others
  • Application
    • Foodstuffs, Wine & Spirits, Chemical, Oils, Industrial Products and Pharmaceutical Goods
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Hillebrand Gori Group GmbH
  • Neoflex
  • FLUIDTAINER FLEXITANK SDN BHD
  • Qingdao Hengxin Plastic Co. Ltd
  • Philton Polythene Converters Ltd
  • Anthente International
  • LSM S.A. - FLEXPACK
  • United Accredited Co.
  • Transocean Forwarding & Commerce
  • Rishi FIBC Solutions Pvt Ltd
  • Hinrich Industries
  • ONE Flexitank
  • Infinity Bulk Logistics Sdn Bhd
  • Tancomed S.A.
  • Transolve Global
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Flexitanks Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Flexitanks Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Flexitanks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexitanks Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexitanks Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Flexitanks Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Flexitanks Market size was valued at USD 1098.14 Million in 2023 and is poised to grow from USD 1,357.3 Million in 2024 to USD 7393.05 Million by 2032, growing at a CAGR of 23.6% in the forecast period (2025-2032).

The competitive scenario of the flexitanks market is characterized by the presence of both established players and emerging companies offering innovative solutions in water transport. Braid Logistics, SIA Flexitanks, Environmental Packaging Technologies etc. Key players such as Braid Logistics, SIA Flexitanks, and Environmental Packaging Technologies dominate the market with their extensive product portfolios and global distribution networks. These companies focus on enhancing product durability, capacity, and compatibility with a wide range of liquid commodities to cater to diverse industries such as food & beverage, chemicals, and pharmaceuticals. 'Hillebrand Gori Group GmbH', 'Neoflex', 'FLUIDTAINER FLEXITANK SDN BHD', 'Qingdao Hengxin Plastic Co. Ltd', 'Philton Polythene Converters Ltd', 'Anthente International', 'LSM S.A. - FLEXPACK', 'United Accredited Co.', 'Transocean Forwarding & Commerce', 'Rishi FIBC Solutions Pvt Ltd', 'Hinrich Industries', 'ONE Flexitank', 'Infinity Bulk Logistics Sdn Bhd', 'Tancomed S.A.', 'Transolve Global'

According to a report by the World Trade Organization, the export of manufactured goods increased by 22% in 2021 after a decline of 5% in 2021. The growth is expected to continue its path upward with the increasing dependence of countries on each other for various commodities. Food products, chemicals, petroleum products, and pharmaceuticals are some of the major commodities expected to show maximum traction in the near future. Their transportation is expected to be increasingly safeguarded to avoid potential losses.

Increasing Global Trade to Boost the Flexitanks Market Growth: The rising application of flexitanks for shipping a range of liquid products, such as wines, juices, edible oils, fertilizers, pharmaceuticals, and non-hazardous chemicals, among others, is one of the key trends driving the market. The flexitanks market is supported by factors like growing global trade, rapid urbanization, and the competitive benefits offered by flexitanks over their traditional substitutes.

Asia Pacific dominated the flexitanks market with the largest revenue share of 46.93% in 2024. This high growth is attributable to the presence of the two largest agricultural-producing and consuming countries, namely China and India, in the region. Furthermore, several key companies in Europe and North America have been outsourcing production activities to India and China owing to the lower production costs in these countries. Therefore, the potential growth of food and pharmaceutical industries is anticipated to increase the demand for flexitank within the region during the forecast period. The flexitanks market in China is anticipated to grow at a substantial CAGR during the forecast period.

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Flexitanks Market

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