Latin America Flexitank Market Size & Outlook, 2022-2030
Latin America flexitank market, 2018-2030 (US$M)
Related Markets
Latin America flexitank market highlights
- The Latin America flexitank market generated a revenue of USD 41.2 million in 2022.
- The market is expected to grow at a CAGR of 17.3% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 41.2 million |
| Market revenue in 2030 | USD 147.6 million |
| Growth rate | 17.3% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Single 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, Latin America region accounted for 4.3% 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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Latin America 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 91.26% in 2022. Horizon Databook has segmented the Latin America flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
The region has a significant number of commercial farms, especially in Argentina, Brazil, Chile, Uruguay, and Colombia. Furthermore, the region has been experiencing considerable agricultural growth in the past decade owing to new technology for agricultural production. The substantial agricultural production offers growth opportunities to the players of flexitanks market in the region.
The region is witnessing the fastest e-commerce growth owing to increasing penetration of the internet. Online sales are expected to grow by 19% over the Forecasts period, which is significantly above the global average of 11%. Therefore, the growing online sales in the region are expected to positively influence single-trip flexitanks over the Forecasts period.
Additionally, with concerns around the use of plastic materials in flexitanks, paper-based insulating materials are being extensively adopted by food companies and consumers. These materials are also cheaper than plastic-based flexitanks.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America flexitank market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America flexitank market size, by country, 2018-2030 (US$M)
Latin America Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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