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The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026. Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047 The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking maximum efforts to curb the spread and minimize the adverse effects. As a result, several businesses have been forced to shut down. Due to social distancing practices, there is hesitancy among business vendors as well as working professionals across the world. The Covid-19 pandemic has had a huge adverse effect across several industries. The report will include the impact of the Covid-19 pandemic on the global market. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic. Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth. Increasing Regulatory Approvals will Help Companies Generate Huge Revenues The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals has made the highest impact on market growth. In November 2019, SIA Flexitanks got approval from the Canadian CN Rail network and Norfolk Southern Rail network for shipping of flexitanks. SIA already has shipping approvals from CSX and BNSF rail networks and this approval will help the company expand its transportation over other regions. These approvals will open new territories and markets for the company and subsequently generate massive revenues in the coming years. SIA’s approval from CN and NSR networks will not just benefit the company but will also have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other industry developments, similar to this and discusses their impact on market growth. Asia Pacific to Emerge Dominant; Increasing Food and Chemical Manufacturing Hubs Will Aid Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of food as well as chemical manufacturing units in several countries across this region will have a direct impact on the growth of the regional market. Additionally, the increasing efforts put in import as well as export activities will create several opportunities for market growth. As of 2019, the market in Asia Pacific was worth USD 245.42 million and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the increasing transport activities for liquid chemicals through rail-based containers. List of companies profiled in the report: Qingdao BLT Packing Industrial Co., Ltd. (China) Qingdao LET Flexitank Co., Ltd. (China) LiquA Europe SLU (Spain) Qingdao LAF Packaging Co., Ltd. (China) LSM SA (Argentina) UWL Inc. (U.S.) FTS Container Packaging Co., Ltd. (China) SIA Flexitanks (Ireland, USA, Malaysia) BeFlexi (Cyprus) Hinrich Industries (Malaysia) TIBA (Spain) Flexible World Company Ltd. (Vietnam) Flexitank Group (Spain) Hillebrand (Germany) Braidco (UK) Rishi FIBC Solutions Pvt. Ltd.(India) VTG Tanktianer GmbH (Germany) Other Key Players

In recent years, there has been a growing demand for sustainable and eco-friendly materials. As a result, the Polylactic Acid market has been gaining popularity and is expected to continue growing in the coming years. polylactic acid market is a biodegradable and compostable polymer that is made from renewable resources such as corn starch, sugarcane, and cassava. It is commonly used in a wide range of applications, including packaging, textiles, and consumer goods. In this blog, we will take a closer look at the factors driving the growth of the polylactic acid market and the benefits of using this eco-friendly material. Information Source -https://www.fortunebusinessinsights.com/polylactic-acid-pla-market-103429 The Growing Demand for Sustainable Materials The demand for sustainable materials has been on the rise in recent years, driven by growing concerns about the impact of polylactic acid market waste on the environment. Single-use polylactic acid market products, in particular, have been a major cause of concern as they contribute to the accumulation of polylactic acid market waste in landfills and oceans. Consumers are increasingly looking for alternative materials that are eco-friendlier and less harmful to the environment. the polylactic acid market is an attractive alternative to traditional petroleum-based polylactic acid markets-tics as it is made from renewable resources and is biodegradable. It has a lower carbon footprint compared to other polylactic acid markets-tics, making it a more sustainable choice for manufacturers and consumers alike. This has resulted in an increased demand for polylactic acid market-based products in a range of industries, including packaging, textiles, and consumer goods. Packaging Industry Driving the Growth of the Polylactic Acid Market The packaging industry has been a major driver of growth in the polylactic acid market. The demand for sustainable and eco-friendly packaging solutions has been on the rise, driven by consumer demand and regulatory pressure. Many countries have implemented regulations and policies aimed at reducing polylactic acid market waste, which has further increased the demand for sustainable packaging solutions. polylactic acid market-based packaging offers a range of benefits over traditional polylactic acid market packaging. It is biodegradable and compostable, which means it can be easily disposed of without harming the environment. It also has a lower carbon footprint compared to traditional polylactic acid market stic packaging, making it a more sustainable choice. In addition to being eco-friendly, polylactic acid market-based packaging also offers excellent performance and durability. It is strong and lightweight, which makes it an ideal choice for a range of packaging applications. It can also be easily molded into different shapes and sizes, making it a versatile material for manufacturers. Consumer Goods and Textile Industries Also Adopting Polylactic Acid Market polylactic acid market-based textiles, on the other hand, offer a sustainable alternative to traditional fabrics. They are made from renewable resources and are biodegradable, which means they can be easily disposed of without harming the environment. polylactic acid market-based textiles are also lightweight and comfortable, making them a popular choice for clothing and other textile applications. Benefits of Using Polylactic Acid Market-Based Materials Using polylactic acid market-based materials offers a range of benefits for manufacturers and consumers alike. First and foremost, the polylactic acid market is an eco-friendly material that is made from renewable resources. This makes it a more sustainable choice compared to traditional petroleum-based polylactic acid market sticks. polylactic acid market is also biodegradable and compostable, which means it can be easily disposed of without harming the environment. It breaks down into the water, carbon dioxide, and organic matter, which can be safely absorbed into the environment. This makes it an ideal choice for single-use items such as packaging and consumer goods.

The global flexitank market size is projected to reach USD 1,201.6 million by the end of 2027. The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2020-2027,” the market was worth USD 439.3 million in 2019 and will exhibit a CAGR of 13.7% during the forecast period, 2019-2026. Information Source- https://www.fortunebusinessinsights.com/flexitank-market-103047 The recent coronavirus outbreak has created a sense of panic across the world. Due to the rapid spread of the disease, governments across the world are taking maximum efforts to curb the spread and minimize the adverse effects. As a result, several businesses have been forced to shut down. Due to social distancing practices, there is hesitancy among business vendors as well as working professionals across the world. The Covid-19 pandemic has had a huge adverse effect across several industries. The report will include the impact of the Covid-19 pandemic on the global market. It will also include the strategies that major companies are adopting to overcome the downfalls during this pandemic. Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth. Increasing Regulatory Approvals will Help Companies Generate Huge Revenues The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of regulatory approvals has made the highest impact on market growth. In November 2019, SIA Flexitanks got approval from the Canadian CN Rail network and Norfolk Southern Rail network for shipping of flexitanks. SIA already has shipping approvals from CSX and BNSF rail networks and this approval will help the company expand its transportation over other regions. These approvals will open new territories and markets for the company and subsequently generate massive revenues in the coming years. SIA’s approval from CN and NSR networks will not just benefit the company but will also have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other industry developments, similar to this and discusses their impact on market growth. Asia Pacific to Emerge Dominant; Increasing Food and Chemical Manufacturing Hubs Will Aid Growth The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The increasing number of food as well as chemical manufacturing units in several countries across this region will have a direct impact on the growth of the regional market. Additionally, the increasing efforts put in import as well as export activities will create several opportunities for market growth. As of 2019, the market in Asia Pacific was worth USD 245.42 million and this value is projected to increase further in the coming years. The market in North America will also witness considerable growth driven by the increasing transport activities for liquid chemicals through rail-based containers. List of companies profiled in the report: Qingdao BLT Packing Industrial Co., Ltd. (China) Qingdao LET Flexitank Co., Ltd. (China) LiquA Europe SLU (Spain) Qingdao LAF Packaging Co., Ltd. (China) LSM SA (Argentina) UWL Inc. (U.S.) FTS Container Packaging Co., Ltd. (China) SIA Flexitanks (Ireland, USA, Malaysia) BeFlexi (Cyprus) Hinrich Industries (Malaysia) TIBA (Spain) Flexible World Company Ltd. (Vietnam) Flexitank Group (Spain) Hillebrand (Germany) Braidco (UK) Rishi FIBC Solutions Pvt. Ltd.(India) VTG Tanktianer GmbH (Germany) Other Key Players