Middle East & Africa Flexitank Market Size & Outlook
Middle East & Africa flexitank market, 2018-2030 (US$M)
Related Markets
MEA flexitank market highlights
- The MEA flexitank market generated a revenue of USD 35.4 million in 2022.
- The market is expected to grow at a CAGR of 15.6% 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, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 35.4 million |
| Market revenue in 2030 | USD 112.7 million |
| Growth rate | 15.6% (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, MEA region accounted for 3.7% 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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Middle East & Africa 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 93.5% in 2022. Horizon Databook has segmented the Middle East & Africa flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa flexitanks market is anticipated to expand moderately over the Forecasts period. Several countries in the Middle East & Africa are highly dependent on food imports, which, in turn, is likely to benefit the single-trip flexitanks market. Countries including the U.A.E., Saudi Arabia, Egypt, and Kuwait are some of the top fresh produce importers in the region.
In addition, factors including growing population and high disposable income especially with the younger population in the region has further increased the demand for various organic food products. Moreover, busy lifestyle and changing consumer preferences have pushed the demand for frozen food products.
Furthermore, growing tourism industry especially in the U.A.E. and Saudi Arabia is expected to augment the demand for food & beverage products. Thus, the aforementioned factors are, in turn, anticipated to benefit the flexitanks market in the region.
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Target buyers of Middle East & Africa 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 Middle East & Africa flexitank market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA flexitank market size, by country, 2018-2030 (US$M)
Middle East & Africa Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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