According to the business analysis report titled ‘Global Flexitank Market Size study, by Type (Monolayer flexitanks, Mutilayer Flexitanks , by Loading type (top loading flexitanks, bottom loading flexitanks), by Application (food-grade liquids, Non-hazardous chemicals/liquids, Pharmaceuticals liquids), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global flexitank market is anticipated to amass a valuation of 2692.96 Mn and record a stable CAGR exceeding 20.8% during 2021-2027.
 

Industry veterans are of the opinion that increase in the trade of wine in various regions and the durability of flexitanks over other alternatives fuels the growth of the global flexitank market.
 

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For the uninitiated, flexitanks, like ISO tanks, provide containers for shipping an array of liquids such as juices, wines, and oils among others.
 

Growth in trade of products across BRICS nations and new developments in terms of product innovation may help in the augmentation of the industry in the upcoming years. However, the easy accessibility of lower quality flexitanks and containers may hinder growth during the stipulated timeframe.
 

Moving on to the regional landscape, North America (U.S., Canada), Europe (U.K., Germany, Spain, France, Italy), Asia Pacific (India, China, Japan, South Korea), and Latin America (Brazil, Mexico) are the key geographies highlighted in the document. Experts cite that the widespread business of exporting wine in the Asia Pacific region helps to make the area the largest industry in the world in terms of market share.
 

Meanwhile, Europe flexitank market is expected to record the highest growth rate during 2021-2027, owing to a rise in the manufacturing and transportation of temperature-sensitive pharmaceuticals within the area. Besides, rising trade of wine in nations like U.K. is adding to the overall value. For instance, reliable sources state the value of wine exported from the country is rising year on year, with the export value increasing from USD 77.17 million in 2017 to USD 90.28 million in the year 2019.
 

Speaking of the competitive landscape, Rishi FIBC Solutions Pvt Ltd., Hengxin Plastic Co., Ltd, Trust Flexitanks, Braid Logistics, Qingdao Global Flexitank Logistics, Trans Ocean Bulk Logistics, Inc., Bulk Liquid Solutions, SIA Flexitanks Ltd., Environmental Packaging Technologies Ltd., and Qingdao LAF Packaging Co., Ltd. are the major players influencing the overall felixtank market dynamics.