Flexitanks Market Size, Share & Trends Report

Flexitanks Market Size, Share & Trends Analysis Report By Product (Single-trip, Multi-trip), By Application (Food, Wine & Spirits, Chemicals, Oils), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Aug, 2020
  • Base Year for Estimate: 2019
  • Report ID: 978-1-68038-745-2
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 106

Report Overview

The global flexitanks market size was valued at USD 612.5 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 18.9% from 2020 to 2027. Increasing global trade coupled with competitive benefits of flexitanks over its traditional substitutes, such as ISO containers, drums, barrels, and IBC’s, is expected to drive the market. Flexitank is a bulk liquid container that is made up of multiple layers of polyethylene with an outer cover made from polypropylene. Flexitanks have different capacities ranging from twelve thousand liters to twenty-six thousand liters. These are commonly used for shipping an extensive range of liquid products including wines, fruit juices, concentrates, mineral water, edible oils, tallow, malt extracts, lubricants, fertilizers, non-hazardous chemicals, and pharmaceuticals.

The U.S. flexitanks market size

The market in the U.S. is expected to exhibit high growth on account of the rising product adoption by key application industries. Moreover, the U.S. has the presence of the world’s largest pharmaceutical companies including Pfizer, Johnson & Johnson, Eli Lilly and Company, and Abbott Laboratories. These companies prefer single-trip flexitanks for the transportation of temperature-sensitive liquids, thus resulting in significant prospects for the overall market growth in the country.

Flexitanks are considerably cheaper than ISO containers and drums and carry approximately 15% more payload than IBCs and 44% more than the drums, which makes them economically favored bulk packaging solutions. Moreover, they are majorly used for single-use, which reduces the risk of contamination. These factors are attracting key application industries, thereby augmenting product demand.

Furthermore, growing need to reduce the weight of bulk packaging to increase the cost-effectiveness of freight is projected to support market growth. In addition, low labor and logistic costs associated with flexitanks handling, zero cleaning cost owing to one-time use, and eco-friendliness are few other factors that are likely to fuel the product demand over the forecast years.

However, factors, such as leakage or breakage of the contents in flexitanks results in total loss of the shipper, which may reduce the product usage for the transportation of hazardous liquids, thereby limiting the market growth. Moreover, fluctuating prices of plastic resins, the raw material for manufacturing flexitanks, are expected to pose challenges to the industry participants.

Product Insights

The single-trip product segment led the market and accounted for the highest revenue share of 93% in 2019. The segment is estimated to retain its leading position throughout the forecast years due to the low cost and wide availability of single-trip products. Furthermore, the low risk of product contamination associated with single-trip flexitanks will augment their demand in the coming years. Single-trip flexitanks are typically manufactured using Polyvinyl Chloride (PVC); Polypropylene (PP); and single-, double- and multi-layered Polyethylene (PE).

Usually, 1mm thick PE is incorporated as the inner material in these products to enhance the barrier properties of the package. Single-trip products are ideal for the transportation of polymers, lubricating & transformer oils, surfactants, liquid malt, cement & construction additives, edible oils, and specialty chemicals. However, the segment is expected to lose its share to the multi-trip product segment owing to rising demand for multi-trip flexitanks as a result of high sustainability offered by these products.

Volume growth in the multi-trip product segment is projected to progress at a considerable CAGR over the forecast period. These flexitanks rank high on the sustainability front as they eliminate the need to be disposed of post a single user and can be reused numerous times, thereby optimizing the Total Cost of Ownership (TCO). Thus, these bulk packages are comparatively more efficient throughout the logistical circuit.

Application Insights

Food application led the market and accounted for more than 35% of the global revenue share in 2019 owing to high demand from end-use applications, such as fruit juices, sauces, concentrates, edible oils, and bakery & confectionery product manufacturers. The rapid expansion of retail chains and rising food requirements due to the growing population, in emerging economies, are anticipated to boost the product demand in this segment in the coming years.

Wine products are usually at risk of spoilage when packaged using ordinary shipping boxes. Polyethylene-based flexitanks help combat this issue and are being increasingly used by wine producers across the globe to replace insulated pouches or insulated shipping containers. Double- and multi-layered PE is among the most widely used materials for the packaging of wine.

Global flexitanks market share

An increasing number of chemical companies are adopting flexitanks over traditional corrugated packaging due to their low cost and high durability. In addition, flexitanks for chemical industry applications can be manufactured from recycled plastic resins, which eliminates the need for 100% virgin polymers. This further lowers the product price and supports sustainability.

In the oil segment, flexitanks are commonly utilized for the transportation of base oils, lubricants, and transformer oils. The overall drive in innovation and production has led to the demand for industrial lubricants, such as metalworking fluids, greases, and process oils that are required for the smooth functioning of machinery. The growing demand for lubricants owing to the steady growth of the global manufacturing sector is expected to benefit the oil segment in the market.

Regional Insights

Asia Pacific led the market and accounted for over 62% share of the global revenue in 2019, owing to the presence of the two largest agricultural producing and consuming countries, namely China and India. In addition, the high production and export of palm oil from Indonesia and Malaysia contributed to the high share of the region in 2019.

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 the food and pharmaceutical industries is anticipated to increase the demand for flexitanks in the Asia Pacific region over the forecast period.

The market in Europe is expected to grow at a significant rate over the forecast period. This can be attributed to the increasing production and export of temperature-sensitive pharmaceuticals, particularly in Germany, Switzerland, Belgium, France, and the Netherlands.

North America is anticipated to expand at a considerable CAGR over the forecast period owing to the steady growth of the U.S. manufacturing industry. In addition, the presence of favorable trade agreements, such as NAFTA, which permit free trade within the U.S., Canada, and Mexico is likely to favor the growth of the market.

Key Companies & Market Share Insights

The global market is highly fragmented with the presence of a significant number of companies. Competitive prices and advancements in technologies coupled with innovative packaging solutions are followed in the market to gain competitive advantage. The presence of small-scale manufacturers that serve regional as well as international markets is likely to boost the competition for the key industry participants. Most of the major companies have implemented numerous organic and inorganic growth strategies from 2015 to 2019 to bolster their market position. In addition, new product launch and regional expansion are among the key business strategies adopted by these players to enhance their product portfolio and cater to the rising product demand. Some of the prominent players in the flexitanks market include:

  • Qingdao BLT Packing Industrial Co., Ltd. (BLT)

  • Braid Logistics U.K. Ltd.

  • Bulk Liquid Solutions Pvt. Ltd.

  • Büscherhoff Packaging Solutions GmbH

  • Environmental Packaging Technologies, Inc.

  • Full-Pak

  • K Tank Supply Ltd.

  • Mak & Williams Flexitank Supply Ltd.

  • MY FlexiTank (MYF)

  • KriCon Group BV

  • Qingdao LAF Packaging Co., Ltd.


  • Yunjet Plastics Packaging

  • Trans Ocean Bulk Logistics Ltd.

  • TRUST Flexitanks

Flexitanks Market Report Scope

Report Attribute


Market size value in 2020

USD 717.4 million

Revenue forecast in 2027

USD 2,440.5 million

Growth Rate

CAGR of 18.9% from 2020 to 2027

Base year for estimation


Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in units, revenue in USD million and CAGR from 2020 to 2027

Report coverage

Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application, region

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

The U.S.; Germany; The U.K.; France; Belgium; The Netherlands; China; India; Singapore; Brazil

Key companies profiled

Braid Logistics U.K. Ltd.; Bulk Liquid Solutions Pvt. Ltd.; Qingdao BLT Packing Industrial Co., Ltd. (BLT); Full-Pak; Environmental Packaging Technologies, Inc.

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Segments Covered in the Report

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global flexitanks market report on the basis of product, application, and region:

  • Product Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

    • Single-Trip

    • Multi-Trip

  • Application Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

    • Food

    • Wine & Spirits

    • Chemicals

    • Oils

    • Industrial Products

    • Pharmaceutical Goods

  • Regional Outlook (Volume, Units; Revenue, USD Million, 2016 - 2027)

    • North America

      • The U.S.

    • Europe

      • Germany

      • The U.K.

      • France

      • Belgium

      • Netherlands

    • Asia Pacific

      • China

      • India

      • Singapore

    • Central & South America

      • Brazil

    • Middle East & Africa

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