Stratview Research announces the launch of a new research report on the Flexitank Market is Segmented by Tank Type (Monolayer, Multilayer), by Loading Type (Top Loading, Bottom Loading), by Application Type (Food Grade Liquids, Non-hazardous Chemicals, and Pharmaceutical Liquids), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Flexitank Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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Report Features
The report delivers a detailed view of the industry based on Flexitank Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Flexitank market is likely to witness a CAGR of 16.5% during the forecast period. The prime factor contributing to the demand for flexitank is the rise in trade of food-grade and pharma-grade liquids and non-hazardous chemicals. Competitive advantages over traditional tanks are also driving the flexitank market.
Regional Analysis:
In terms of regions, Asia-Pacific is estimated to remain the largest and the fastest-growing market during the forecast period as the region is the largest producer of food grade liquid and pharmaceuticals. The region also has the largest middle-class consumers of these products. China dominated the region’s flexitank market in 2019. The supply chain hampered due to the COVID-19 outbreak; hence, a negative impact of it will impede the demand in 2020. However, the market is expected to rebound with the resumption in normal trade.
Go Through the Full Scope of the Report Here: https://www.stratviewresearch.com/toc/1001/flexitank-market.html
According to the report, the key players of the market are –
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The flexitank market is expected to witness an impressive growth of 16.5% CAGR in the foreseeable future.
Asia-Pacific is expected to remain the largest flexitank market during the next five years.