Flexitank Market To Reach $4.75 Billion By 2030 | CAGR: 22.8%

Flexitank Market Growth & Trends

The global flexitank market size is expected to reach USD 4.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.8% from 2024 to 2030. The rising global trade of various liquid food products, chemicals, pharmaceuticals, and industrial products is principally augmenting the market growth.

Lower costs associated with flexitanks compared to conventional bulk liquid transport containers, such as ISO containers, IBCs, drums, and barrels, are likely to propel their demand. Furthermore, flexitanks carry higher payloads than IBCs and drums, which prove them to be a more economical means of bulk transportation.

A majority of the flexitanks are designed for single-use, which reduces the risk of packed product contamination. This superior protection against contamination makes them an ideal bulk packaging choice for food-grade liquids and pharmaceuticals. In addition, flexitanks do not require the forklift or other mechanism, which makes loading and unloading much faster. The aforementioned factors are attracting several application industries.

Low cost as compared to multi-trip flexitanks, wide availability, and lower risk of contamination are the key factors responsible for the high adoption of single-trip products. However, increasing sustainability trend is likely to restrain the growth of the single-trip flexitanks. Moreover, increasing demand for packaged liquid products, such as juices, and wines and spirits, on account of the rising penetration of the organized retail sector and substantial growth of the middle-class population, especially in emerging countries like China and India, is expected to fuel the market growth.

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Flexitanks Market Report Highlights

• Single-trip product segment led the market in 2023 with a revenue share of over 93.0%. The segment is estimated to retain its leading position throughout the forecast period due to low cost and wide availability of single-trip products.

• In terms of volume, the multi-trip product segment is projected to expand at a considerable CAGR over the forecast period.

• Foodstuffs application segment led the market in 2023 with a global revenue share of 28.0% owing to high demand from end-use applications, such as fruit juices, sauces, concentrates, edible oils, and bakery and confectionery products.

• Asia Pacific dominated the market in 2023 with the largest revenue share of over 45.0%, owing to the presence of two largest agricultural-producing and consuming countries, namely China and India.

Flexitanks Market Segmentation                                                                                      

Grand View Research has segmented the global flexitank market report based on product, application, and region:

Flexitank Market Product Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Single trip

• Multi-trip

Flexitank Market Application Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• Foodstuffs

• Wine & Spirits

• Chemicals

• Oils

• Industrial Products

• Pharmaceutical Goods

Flexitank Market Regional Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Belgium

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • Singapore

  • Malaysia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • United Arab Emirates (UAE)

  • South Africa

List of Key Players of Flexitank Market

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

• Braid Logistics UK Ltd.

• Bulk Liquid Solutions Pvt. Ltd.

• Büscherhoff Packaging Solutions GmbH

• Environmental Packaging Technologies, Inc.

• Full-Pak

• HOYER GmbH

• K Tank Supply Ltd.

• Mak & Williams Flexitank Supply Ltd.

• MY FlexiTank (MYF)

• KriCon Group BV

• Qingdao LAF Packaging Co., Ltd.

• SIA FLEXITANKS

• Yunjet Plastics Packaging

• Trans Ocean Bulk Logistics Ltd.

• TRUST Flexitanks

• FLUIDTAINER FLEXITANK Sdn Bhd

• Hinrich Industries

• One Flexitank Industries Sdn Bhd

• ORCAFLEXI SDN BHD

• Infinity Bulk Logistics Sdn Bhd

• Rishi FIBC Solutions Pvt Ltd. (India)