Flexitanks Market Size, Share, Growth Analysis, By Layer Type (Single Layer, Multi-layer), By Type (Single-Use Flexitanks, Multi-Use Flexitanks), By Material, By Loading Capacity, By Application, By Region - Industry Forecast 2025-2032

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 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. 'Hillebrand Gori Group GmbH', 'Neoflex', 'FLUIDTAINER FLEXITANK SDN BHD', 'Qingdao Hengxin Plastic Co. Ltd', 'Philton Polythene Converters Ltd', 'Anthente International', 'LSM S.A. - FLEXPACK', 'United Accredited Co.', 'Transocean Forwarding & Commerce', 'Rishi FIBC Solutions Pvt Ltd', 'Hinrich Industries', 'ONE Flexitank', 'Infinity Bulk Logistics Sdn Bhd', 'Tancomed S.A.', 'Transolve Global'

According to a report by the World Trade Organization, the export of manufactured goods increased by 22% in 2021 after a decline of 5% in 2021. The growth is expected to continue its path upward with the increasing dependence of countries on each other for various commodities. Food products, chemicals, petroleum products, and pharmaceuticals are some of the major commodities expected to show maximum traction in the near future. Their transportation is expected to be increasingly safeguarded to avoid potential losses.

Increasing Global Trade to Boost the Flexitanks Market Growth: The rising application of flexitanks for shipping a range of liquid products, such as wines, juices, edible oils, fertilizers, pharmaceuticals, and non-hazardous chemicals, among others, is one of the key trends driving the market. The flexitanks market is supported by factors like growing global trade, rapid urbanization, and the competitive benefits offered by flexitanks over their traditional substitutes.

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.