Summary

Global Flexitank Market is valued at approximately USD 1.02 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 22.80% during the forecast period 2023-2030. Flexitanks are large, flexible containers used for the transportation of non-hazardous liquids in bulk. They are typically made of multiple layers of polyethylene or similar materials that are resistant to punctures and leaks. Flexitanks are designed to fit into standard 20-foot shipping containers, effectively turning them into bulk liquid transport units. Growth in the market is anticipated to be driven by rising international commerce activity as well as the competitive advantages of flexitanks over more traditional alternatives including ISO containers, drums, barrels, and IBCs. The capacity of flexitanks ranges from 12,000 to 26,000 litres. A broad variety of liquid goods, including wines, concentrates, fruit juices, edible oils, mineral water, malt extracts, lubricants, tallow, non-hazardous chemicals, fertilizers, and medications, are typically sent using them.

Some of the biggest pharmaceutical businesses in the world, such as Pfizer, Johnson & Johnson, Eli Lilly and Company, and Abbott Laboratories, are based in the United States. These businesses favour single-trip flexitanks when shipping temperature-sensitive liquids, which means that the U.S. industry has a lot of room to grow. Flexitanks are economically preferred bulk packaging options since they are significantly less expensive than ISO containers and drums and can carry 15% more payload than IBCs and 44% more than drums. Additionally, they are mostly made to be used once, which lowers the chance of contamination. The market is expected to rise because of an increasing requirement to decrease bulk packaging weight to improve freight cost-effectiveness. In addition, a few other variables that are projected to drive product demand during the projection years 2023-2030 are minimal labour and logistic costs related to handling flexitanks, zero cleaning expenses due to one-time usage, and eco-friendliness. However, circumstances such as leaks or breaks in the contents of these tanks lead to the shipper's complete loss, which may limit the use of the product for the transportation of hazardous liquids and therefore the growth of the market. Furthermore, manufacturers may expect difficulties due to the volatile prices of plastic resins, which are needed as raw materials to make flexitanks. However, the leakage or breakage of contents in these tanks results in total loss of shipper which may reduce product usage for transportation of hazardous liquids stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Flexitank Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the presence of China and India, the two major agricultural-producing and consuming countries. Furthermore, the growth of the regional market is facilitated by high production as well as the export of palm oil from Malaysia and Indonesia. North America is expected to develop at a high CAGR throughout the projected period, owing to the consistent growth of the United States manufacturing industry. Furthermore, the existence of advantageous trade agreements such as NAFTA, which allow for unrestricted trade between the United States, Canada, and Mexico, is anticipated to promote market expansion.

Major market player included in this report are:
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)

Recent Developments in the Market:
 In November 2023, The logistics services provider ASF, Inc. has added more environmentally friendly and efficient methods of transporting non-hazardous bulk liquid goods to its portfolio.
Global Flexitank Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Product, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
 Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Single trip
Multi-trip

By Application:
Foodstuffs
Wine & Spirits
Chemicals
Oils
Industrial Products
Pharmaceutical Goods

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Table of Contents

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Flexitank Market, by Region, 2020-2030 (USD Billion)
1.2.2. Flexitank Market, by Product, 2020-2030 (USD Billion)
1.2.3. Flexitank Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Flexitank Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Flexitank Market Dynamics
3.1. Flexitank Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing global trade activities
3.1.1.2. Growing need to reduce the weight of bulk packaging to increase the cost-effectiveness of freight
3.1.2. Market Challenges
3.1.2.1. Leakage or breakage of contents in these tanks result in total loss of shipper which may reduce product usage for transportation of hazardous liquids
3.1.3. Market Opportunities
3.1.3.1. Low labor and logistic costs associated with flexitanks handling
Chapter 4. Global Flexitank Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Flexitank Market, by Product
5.1. Market Snapshot
5.2. Global Flexitank Market by Product, Performance - Potential Analysis
5.3. Global Flexitank Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Flexitank Market, Sub Segment Analysis
5.4.1. Single trip
5.4.2. Multi-trip
Chapter 6. Global Flexitank Market, by Application
6.1. Market Snapshot
6.2. Global Flexitank Market by Application, Performance - Potential Analysis
6.3. Global Flexitank Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Flexitank Market, Sub Segment Analysis
6.4.1. Foodstuffs
6.4.2. Wine & Spirits
6.4.3. Chemicals
6.4.4. Oils
6.4.5. Industrial Products
6.4.6. Pharmaceutical Goods
Chapter 7. Global Flexitank Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Flexitank Market, Regional Market Snapshot
7.4. North America Flexitank Market
7.4.1. U.S. Flexitank Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Flexitank Market
7.5. Europe Flexitank Market Snapshot
7.5.1. U.K. Flexitank Market
7.5.2. Germany Flexitank Market
7.5.3. France Flexitank Market
7.5.4. Spain Flexitank Market
7.5.5. Italy Flexitank Market
7.5.6. Rest of Europe Flexitank Market
7.6. Asia-Pacific Flexitank Market Snapshot
7.6.1. China Flexitank Market
7.6.2. India Flexitank Market
7.6.3. Japan Flexitank Market
7.6.4. Australia Flexitank Market
7.6.5. South Korea Flexitank Market
7.6.6. Rest of Asia Pacific Flexitank Market
7.7. Latin America Flexitank Market Snapshot
7.7.1. Brazil Flexitank Market
7.7.2. Mexico Flexitank Market
7.8. Middle East & Africa Flexitank Market
7.8.1. Saudi Arabia Flexitank Market
7.8.2. South Africa Flexitank Market
7.8.3. Rest of Middle East & Africa Flexitank Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Qingdao BLT Packing Industrial Co., Ltd. (BLT)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Braid Logistics UK Ltd.
8.3.3. Bulk Liquid Solutions Pvt. Ltd.
8.3.4. Büscherhoff Packaging Solutions GmbH
8.3.5. Environmental Packaging Technologies, Inc.
8.3.6. Full-Pak
8.3.7. HOYER GmbH
8.3.8. K Tank Supply Ltd.
8.3.9. Mak & Williams Flexitank Supply Ltd.
8.3.10. MY FlexiTank (MYF)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption