USD 1098.14 Million
Report ID:
SQMIG15A2465 |
Region:
Global |
Published Date: January, 2025
Pages:
191
|Tables:
89
|Figures:
71
Global Flexitanks Market size was valued at USD 1098.14 Million in 2023 and is poised to grow from USD 1,357.3 Million in 2024 to USD 7393.05 Million by 2032, growing at a CAGR of 23.6% in the forecast period (2025-2032).
The market is experiencing substantial growth driven by the increasing volume of commodity trade globally. As international trade expands, the demand for efficient transportation solutions for bulk liquids is rising, making flexitank a preferred choice. The shift toward sustainable and eco-friendly packaging solutions has played a crucial role in driving the adoption of flexitanks. As environmental concerns intensify, businesses are seeking ways to reduce their carbon footprint and promote sustainable practices throughout their supply chain. Flexitanks, being lightweight and producing less waste compared to traditional packaging options like drums or ISO tanks, are gaining popularity across the sectors. Moreover, the product offers a significantly lower upfront cost and reduced operational expenses, making it an attractive option for businesses looking to optimize their supply chain and transportation costs. The focus among companies to maximize storage capacity and minimize handling & cleaning expenses while ensuring the safe & efficient transportation of liquids will boost the growth of global flexitanks industry.The rising global commodity prices have made efficient transportation methods increasingly critical. As prices for key commodities, such as crude oil and agricultural products, continue to rise, maximizing profit margins through efficient shipping is vital for exporters. The ability to transport larger volumes at lower costs not only benefits exporters but also ensures competitive pricing for consumers. The global flexitanks market is expected to continue expanding as companies recognize the benefits of this innovative shipping method considering these dynamics.
Market snapshot - (2025-2032)
Global Market Size
USD 1098.14 Million
Largest Segment
Multi-trip
Fastest Growth
Single-trip
Growth Rate
23.6% CAGR
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The global flexitanks market is segmented by product, material type, application and region. Based on product, the market is segmented into single-trip and multi-trip. Based on material type, the market is segmented into polyethylene, polypropylene and others. Based on application, the market is segmented into foodstuffs, wine & spirits, chemical, oils, industrial products and pharmaceutical goods. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
As per global flexitanks market outlook, the multi-trip segment led the market with the largest revenue share of 54.82% in 2024. Single layer flexitank are primarily manufactured from materials such as polyethylene (PE), which is known for its lightweight and flexible characteristics. Typically featuring a thickness of around 1mm, these single layer flexitanks provide a reliable option for the transportation of various industrial products, including chemicals, liquid fertilizers, and certain food products. Their straightforward design allows for efficient filling and discharge processes, making them a popular choice among manufacturers and distributors looking to streamline their logistics operations. Single layer flexitanks are particularly valued for their cost-effectiveness and ease of handling, which can significantly reduce overall transportation costs while maintaining product integrity during transit.
As per global flexitanks market analysis, the single-trip segment is expected to grow at a significant CAGR of 21.0% during the forecast period. The market is experiencing significant growth, and this increase can be attributed to the enhanced protective qualities offered by multi-layer flexitank, which is designed to safeguard sensitive liquid cargo from contamination and external factors. Comprising multiple layers of materials such as polyethylene (PE), ethylene vinyl alcohol (EVOH), and aluminium, these flexitanks provide superior barrier properties, making them particularly suitable for transporting high-value products like pharmaceuticals, chemicals, and specialty liquids. The multi-layer construction not only extends the shelf life of the products but also ensures compliance with strict industry standards, thereby boosting their adoption among manufacturers and logistics providers.
The food stuffs segment led the market with the largest revenue share of 29.20% in 2024. Foodstuffs are among the most significant segments in the global market, given their growth over the years. The anticipated growth of the segment can be attributed to the rising consumption of grocery products coupled with the burgeoning growth of retail chains, especially hypermarkets & supermarket chains, in emerging economies. The segment includes a wide range of products, including fruit juices, concentrates, vegetable oils, palm oils, fish oils, edible oils, sorbitol, fructose, coconut oils, egg liquid, malt extract, corn oil, sauces, purees, and bakery & confectionery products, among others.
As per the global flexitanks market forecast, the chemical segment is expected to grow at a significant CAGR of 24.4%. Flexitank has transformed the transport of non-hazardous chemicals in the chemical industry, offering a highly efficient, low-cost, and durable alternative to conventional packaging options like corrugated containers. Many companies are now opting for flexitank due to its lightweight and sturdy structure, which significantly reduces shipping costs while providing reliable protection during transit. Unlike traditional packaging, these flexitanks are often crafted from recycled polypropylene, ethylene vinyl acetate (EVA), and polyethylene, thereby minimizing the reliance on 100% virgin polymers. This shift supports both cost reduction and sustainability initiatives, allowing chemical manufacturers to meet growing environmental standards.
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Asia Pacific dominated the flexitanks market with the largest revenue share of 46.93% in 2024. This high growth is attributable to the presence of the two largest agricultural-producing and consuming countries, namely China and India, in the region. Furthermore, several key companies in Europe and North America have been outsourcing production activities to India and China owing to the lower production costs in these countries. Therefore, the potential growth of food and pharmaceutical industries is anticipated to increase the demand for flexitank within the region during the forecast period. The flexitanks market in China is anticipated to grow at a substantial CAGR during the forecast period.
North America is the fastest growing region in the market. The flexitanks market in the U.S. accounted for the largest market share in North America in 2024, owing to the presence of large food & beverage and pharmaceutical industries coupled with strong per capita income. The presence of major flexitank manufacturers, such as Environmental Packaging Technologies, Inc. and Techno Group USA, in the US, are supporting the market growth. The demand is also gaining growth owing to the rising preference for flexitank by the shipping companies for the transportation of liquid orders. For instance, according to a US-based company that offers shipping services to manufacturers and receivers, InterlogUSA, tank containers were the primary means for transporting liquid cargo across the country, but that was the case before the invention of the flexitank.
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Increase in Transportation of Commodity Products
Cost Effectiveness of Flexitanks over Other Bulk Liquid Transportation Methods to Provide Growth Pathways
Tearable and Inability to Sustain High Pressure Restrict the Adoption of Flexitanks
Environmental Impact of Single-use Flexitanks
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The competitive scenario of the flexitanks market is characterized by the presence of both established players and emerging companies offering innovative solutions in water transport. Braid Logistics, SIA Flexitanks, Environmental Packaging Technologies etc. Key players such as Braid Logistics, SIA Flexitanks, and Environmental Packaging Technologies dominate the market with their extensive product portfolios and global distribution networks. These companies focus on enhancing product durability, capacity, and compatibility with a wide range of liquid commodities to cater to diverse industries such as food & beverage, chemicals, and pharmaceuticals.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, rising costs of fuel and increased demand for international shipping of various products are surging the demand for lightweight and secure bulk packaging options. Additional factors that are likely to boost the demand for flexitanks in the upcoming years include low labour and logistic costs involved in handling, zero cleaning costs in one-time use flexitanks, versatile applications, and eco-friendliness. Multi-trip flexitanks are gaining significant traction across various industries owing to the cost-effectiveness and efficiency offered by these flexitanks. As multi-trip flexitanks can be reused numerous times compared to single-trip products, they are considered more sustainable and cost-effective. In addition to this, multi-trip flexitanks are extremely durable and strong, which leads to enhanced safety of liquid contents during transportation and storage. Hence, these advantages are anticipated to propel the growth of this segment in the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1098.14 Million |
Market size value in 2032 | USD 7393.05 Million |
Growth Rate | 23.6% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Flexitanks Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flexitanks Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flexitanks Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flexitanks Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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