Singapore Flexitank Market Size & Outlook, 2022-2030
Singapore flexitank market, 2018-2030 (US$M)
Related Markets
Singapore flexitank market highlights
- The Singapore flexitank market generated a revenue of USD 30.8 million in 2022 and is expected to reach USD 157.8 million by 2030.
- The Singapore market is expected to grow at a CAGR of 22.7% 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 30.8 million |
| Market revenue in 2030 | USD 157.8 million |
| Growth rate | 22.7% (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, Singapore accounted for 3.2% of the global flexitank market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flexitank market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 393.9 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 92.53% in 2022. Horizon Databook has segmented the Singapore flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
The country is gaining revenue owing to its strong networking with other Asian countries. Its position is secured as the connecting hub between Asia and the rest of the world. Singapore offers unparalleled connectivity to passengers and cargoes, particularly because of its efficient location and access to Asian markets.
According to Maritime Singapore, the country has served for 12 consecutive 2-year terms on the Council of the International Maritime Organization (IMO). During its tenure, it has made significant contributions toward advancing the efforts of the international maritime community to promote secure, safe, efficient, and sustainable shipping.
On the basis of application, the foodstuffs segment is the major contributor to the flexitanks market; it is also anticipated to exhibit the fastest growth over the Forecasts period from 2021 to 2030. The increasing demand for food ingredients is a prominent factor behind the growth of flexitanks in the country.
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Target buyers of Singapore 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 country-level data and insights on the Singapore flexitank market , including forecasts for subscribers. This country databook contains high-level insights into Singapore flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore flexitank market size, by type, 2018-2030 (US$M)
Singapore Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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