Canada Flexitank Market Size & Outlook, 2024-2030
Canada flexitank market, 2018-2030 (US$M)
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Canada flexitank market highlights
- The Canada flexitank market generated a revenue of USD 22.5 million in 2022 and is expected to reach USD 103.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 21.1% from 2023 to 2030.
- In terms of segment, single trip was the largest revenue generating type in 2022.
- Single Trip is the most lucrative type segment registering the fastest growth during the forecast period.
Flexitank market data book summary
| Market revenue in 2022 | USD 22.5 million |
| Market revenue in 2030 | USD 103.8 million |
| Growth rate | 21.1% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Single Trip |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 2.3% of the global flexitank market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. flexitank market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 78.7 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 91.11% in 2024. Horizon Databook has segmented the Canada flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
The flexitanks market in Canada is a growing industry, with increasing demand for cost-effective and flexible bulk liquid transportation solutions. The use of flexitanks for the storage and transportation of various liquids such as edible oils, chemicals, and wine, has gained popularity in Canada due to its advantages over traditional tank containers, such as lower transportation costs, easier and safer handling, and more environmentally friendly.
Major players in the Canadian flexitanks market include SIA Flexitanks, SF Pack, and Trans Ocean Bulk Logistics. Canada’s chemical industry is an export intensive. According to the report of the Chemistry Industry Association of Canada, 74% of chemical production was exported in 2021 to the U.S. China, and Mexico.
The export value is significantly increasing in Canada, for instance, in 2021, Export of chemical was higher by approximately by 26% compared to 2020. Thus, the increasing demand for bulk liquid chemical transportation solutions for import and export purposes has led to an increased use of flexitanks in Canada.
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Our clientele includes a mix of flexitank market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada flexitank market , including forecasts for subscribers. This country databook contains high-level insights into Canada flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada flexitank market size, by type, 2018-2030 (US$M)
Canada Flexitank Market Outlook Share, 2024 & 2030 (US$M)
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