Asia Pacific Flexitank Market Size & Outlook, 2022-2030
Asia Pacific flexitank market, 2018-2030 (US$M)
Related Markets
Asia Pacific flexitank market highlights
- The Asia Pacific flexitank market generated a revenue of USD 431.5 million in 2022.
- The market is expected to grow at a CAGR of -16.2% from 2023 to 2030.
- In terms of segment, single trip was the largest revenue generating type in 2022.
- Multi Trip is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 431.5 million |
| Market revenue in 2030 | USD 104.6 million |
| Growth rate | -16.2% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Multi Trip |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Trip, Multi Trip |
| Key market players worldwide | Star Bulk Carriers Corp, Packaging Corp of America, Ranpak Holdings Corp Ordinary Shares - Class A, HUYA Inc Class A, Kellanova Co, KION GROUP AG, Transocean Ltd, Truist Financial Corp |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 45.0% of the global flexitank market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 838.6 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific flexitank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexitank market will help companies and investors design strategic landscapes.
Single trip was the largest segment with a revenue share of 93.67% in 2022. Horizon Databook has segmented the Asia Pacific flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the most populous region in the world and accounts for 60% of the global population. By 2026, the urban areas are expected to hold 50% of the total Asia Pacific’s population. This, in turn, is expected to drive online grocery market as the urban population largely prefers online grocery shopping.
Dairy products is among the highly consumed products in grocery section due to high demand for milk powder, cheese, butter and other dairy product in Asia Pacific region. Thus, flexitanks demand is increasing to promote the high consumption of grocery particularly dairy in the region. Cheese consumption is high in Asia Pacific.
As per FAO, the average cheese consumption during 2017– 2019 was 2,585 kiloThousand Units which is expected to reach 3,205 kiloThousand Units by 2029. Rising preference for high-protein food items and changing consumption patterns are expected to boost the growth of the regional cheese market.
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Target buyers of Asia Pacific flexitank market databook
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Our clientele includes a mix of flexitank market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific flexitank market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific flexitank market size, by country, 2018-2030 (US$M)
Asia Pacific Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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