Flexitanks Market Size Is Anticipated To Reach USD 3.31 Billion By 2028
San Francisco, 28 Dec 2021: The Report Flexitanks Market Size, Share & Trends Analysis Report By Product (Single-trip, Multi-trip), By Application (Foodstuffs, Chemicals, Industrial Products, Wine & Spirits, Oils, Pharmaceutical Products), By Region, And Segment Forecasts, 2020 - 2028 The global flexitanks market size is expected to reach USD 3.31 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 21.0% from 2020 to 2028. The rising global trade of various liquid food products, chemicals, pharmaceuticals, and industrial products is principally augmenting the market growth. Lower costs associated with flexitanks compared to conventional bulk liquid transport containers, such as ISO containers, IBCs, drums, and barrels, are likely to propel their demand. Furthermore, flexitanks carry higher payloads than IBCs and drums, which prove them to be a more economical means of bulk transportation. A majority of the flexitan