Global Flexitank Market, By Product (Monolayer, Bi-layer, and Multilayer), Type (Single Use and Reusable), Loading Type (Top Loading and Bottom Loading), Material (Polyethylene, Polypropylene, and Others), Application (Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, and Others) – Industry Trends and Forecast to 2031.
Flexitank Market Analysis and Size
The market is experiencing significant growth, driven by the increasing demand for cost-effective and efficient bulk liquid transportation solutions. Flexitanks offer several advantages over traditional shipping methods, including lower transportation costs, reduced risk of contamination, and faster loading and unloading times. These factors, coupled with the growing demand for non-hazardous liquid transportation in industries such as food and beverage, pharmaceuticals, and chemicals, are driving the market's growth.
The global flexitank market size was valued at USD 3.39 billion in 2023 and is projected to reach USD 15.58 billion by 2031, with a CAGR of 21% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Monolayer, Bi-layer, and Multilayer), Type (Single Use and Reusable), Loading Type (Top Loading and Bottom Loading), Material (Polyethylene, Polypropylene, and Others), Application (Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America
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Market Players Covered
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Qingdao BLT Packing Industrial Co., Ltd. (BLT), (China), Braid Logistics UK Ltd. (U.K.), Bulk Liquid Solutions (India), Büscherhoff Packaging Solutions GmbH (Germany), Environmental Packaging Technologies, Inc. (U.S.), HOYER GmbH (Germany), K Tank Supply Ltd. (U.K.), Mak & Williams Flexitank Supply Ltd. (U.K.), MY FLEXITANK, (Malaysia), KriCon Group BV (Netherlands), Qingdao LAF Packaging Co., Ltd. (China), SIA FLEXITANKS (Latvia), Yunjet Plastics Packaging (China), Trans Ocean Bulk Logistics Ltd. (U.K.), TRUST Flexitanks (Singapore), FLUIDTAINER FLEXITANK Sdn Bhd (Malaysia), Hinrich Industries (U.S.), ONE Flexitank (Malaysia), ORCAFLEXI SDN BHD (Malaysia), INFINITY BULK LOGISTICS SDN. BHD (Malaysia), and Rishi FIBC Solutions Pvt Ltd. (India)
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Market Opportunities
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Market Definition
A flexitank is a flexible, collapsible container made of polyethylene or polypropylene used for transporting non-hazardous liquids in bulk. Flexitanks are designed to fit inside a standard 20-foot shipping container, allowing for the efficient and cost-effective transportation of liquids such as oils, juices, and chemicals.
Flexitank Market Dynamics
Drivers
- Growing Demand for Non-Hazardous Liquid Transportation
Flexitanks provide a safe and reliable solution for transporting various liquids, including edible oils, beverages, and pharmaceutical ingredients. The flexibility and versatility of flexitanks make them well-suited for handling various types of non-hazardous liquids, meeting the transportation needs of these industries. The use of flexitanks is expected to increase with growing demand for these products, further driving the growth of the market.
- Cost-Effective Solution for Liquid Transportation
Flexitanks offer a cost-effective alternative to traditional bulk liquid transportation methods, such as drums or ISO tanks. The lower transportation costs associated with flexitanks, including reduced handling and storage expenses, drive their adoption in various industries. Flexitanks eliminate the need for costly return shipments of empty containers, as they can be easily disposed of or recycled after use. Additionally, flexitanks can be shipped via standard 20-foot containers, reducing the need for specialized transportation equipment and lowering costs.
Opportunities
- Technological Advancements
Ongoing advancements in flexitank technology, including the development of new materials and designs, aim to enhance flexitanks' performance, reliability, and sustainability, making them more appealing to a wider range of industries. The use of advanced materials such as high-density polyethylene (HDPE) and polyethylene terephthalate (PET) in flexitank construction improves their strength and durability, ensuring the safe transportation of liquids. These technological advancements enable flexitanks to meet the evolving needs of industries requiring efficient and reliable bulk liquid transportation solutions, driving their adoption and market growth.
- Expansion of End-Use Industries
The need for efficient and reliable bulk liquid transportation solutions increases with the expansion of industries such as food and beverage, pharmaceuticals, and chemicals. Flexitanks provide a cost-efficient and versatile option for liquid transportation, suitable for industries with diverse transportation requirements. In addition, the versatility of flexitanks allows them to be used for a wide range of liquid products, further contributing to their appeal. As the demand for these products continues to grow globally, the use of flexitanks is expected to increase, driving market growth in the coming years.
Restraints/Challenges
- Environmental Concerns
Flexitanks are typically made of polyethylene or polypropylene, which are not easily biodegradable. Ensuring the sustainability and recyclability of flexitanks is essential for addressing these concerns and maintaining market growth. Manufacturers increasingly focus on developing eco-friendly materials and recycling programs for used flexitanks. Disposing used flexitanks and the environmental impact of flexitank materials are significant challenges for the market.
- Limited Awareness and Infrastructure
Limited awareness about flexitanks, their advantages over traditional methods, and how to properly use and maintain them, and the lack of specialized infrastructure such as inadequate facilities or equipment for handling flexitanks, such as suitable loading and unloading areas, storage facilities, and transportation networks can hinder the adoption of flexitanks in industries.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flexitank market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In November 2023, ASF, Inc., a logistics service provider, revealed its plans to broaden its flexitank portfolio, offering highly efficient and environmentally friendly shipping solutions for non-hazardous bulk liquid cargo
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Flexitank Market Scope
The market is segmented on the basis of product, type, loading type, material, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Monolayer
- Bi-layer
- Multilayer
Type
- Single Use
- Reusable
Loading Type
- Top loading
- Bottom loading
Material
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Linear low-density polyethylene (LLDPE)
Application
- Food Grade Liquids
- Non-Hazardous Chemicals
- Industrial Liquids
- Agricultural Liquids
- Others
Flexitank Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, product, type, loading type, material, and application as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.
Asia-Pacific is expected to dominate the market due to rapid industrialization and increasing commodity exports from countries such as Thailand, Malaysia, Indonesia, India, China, and Vietnam.
North America is expected to be the fastest growing due to increasing transportation activities in food and beverage, pharmaceuticals, and others. The region benefits from the presence of prominent players in the market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flexitank Market Share Analysis
The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the market are:
- Qingdao BLT Packing Industrial Co., Ltd. (BLT) (China)
- Braid Logistics UK Ltd. (U.K.)
- Bulk Liquid Solutions (India)
- Büscherhoff Packaging Solutions GmbH (Germany)
- Environmental Packaging Technologies, Inc. (U.S.)
- HOYER GmbH (Germany)
- K Tank Supply Ltd. (U.K.)
- Mak & Williams Flexitank Supply Ltd. (U.K.)
- MY FLEXITANK (Malaysia)
- KriCon Group BV (Netherlands)
- Qingdao LAF Packaging Co., Ltd. (China)
- SIA FLEXITANKS (Latvia)
- Yunjet Plastics Packaging (China)
- Trans Ocean Bulk Logistics Ltd. (U.K.)
- TRUST Flexitanks (Singapore)
- FLUIDTAINER FLEXITANK Sdn Bhd (Malaysia)
- Hinrich Industries (U.S.)
- ONE Flexitank (Malaysia)
- ORCAFLEXI SDN BHD (Malaysia)
- INFINITY BULK LOGISTICS SDN. BHD (Malaysia)
- Rishi FIBC Solutions Pvt Ltd. (India)
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