REPORT SCOPE & OVERVIEW
Flexitank Packaging Market size was USD 1029.62 million in 2022 and is expected to Reach USD 4368.47 million by 2030 and grow at a CAGR of 19.8 % over the forecast period of 2023-2030.
Flexitanks have capacities ranging from 12,000 to 26,000 liters. These are frequently used to ship a wide variety of liquid goods.
The market for temperature-sensitive liquid transportation in single-trip flexitanks has grown significantly as a result of pharmaceutical companies' preference for these containers. Because Flexitanks are significantly less expensive than ISO containers and drums and can carry up to 20% more payload than IBCs and 45% more payload than drums, they are the most economically advantageous bulk packaging options. Additionally, the majority of their uses are single-use, which lowers the possibility of contamination.
The need to reduce bulk packaging weight in order to improve freight cost-effectiveness is anticipated to support market expansion. A few other factors that are likely to boost product demand over the forecast years include low labor and logistic costs associated with handling flexitanks, zero cleaning costs due to one-time use, and eco-friendliness.
The use of the product for the transportation of hazardous liquids may be reduced as a result of factors like leakage or breakage of the contents in flexitanks, however, limiting the growth. Additionally, manufacturers should expect difficulties due to changing costs of plastic resins, which are used as raw materials in the production of flexitanks.
International trade is a major driver for the flexitank market
The demand for efficient and affordable transportation options for bulk liquids and commodities is rising as global trade expands. The demand for flexitank services is driven by expanding trade volumes, particularly in sectors like food and beverage, chemicals, and pharmaceuticals.
The food and beverage industry is a significant driver for the flexitank market.
The use of flexitanks requires appropriate infrastructure and handling facilities at both the origin and destination points
It's possible that some ports, terminals, or warehouses lack the infrastructure or equipment needed to handle flexitanks effectively. In such circumstances, flexitank services may not be widely used, which would limit their market potential.
The flexitank market presents opportunities for expansion in emerging markets
The need for liquid bulk transportation solutions rises as urbanization and industrialization take place in developing economies. By forming alliances and growing their services to meet the expanding demands of these regions, flexitank providers can access these markets.
Offering value-added services beyond basic flexitank transportation can create opportunities for differentiation and revenue growth.
Flexitanks have certain limitations when it comes to the types of liquids they can transport
Products with particular properties, such as corrosive chemicals, highly viscous substances, or temperature-sensitive goods, might not be appropriate for transportation in flexitanks. This makes it difficult for flexitank suppliers to satisfy a variety of customer demands because it restricts the use of flexitanks in some industries or limits the range of goods that can be transported.
IMPACT OF RUSSIAN UKRAINE WAR
For Bulk Distributor, the direct effects of the conflict on regional trade have largely been limited to the collapse of Ukraine's exports of sunflower oil and related goods. The largest producer and exporter of sunflower oil is Ukraine. Smaller shipments are frequently transported in flexitanks, but parcel tankers handle the bulk of the transport.\
Supply lines and transportation routes between Russia and Ukraine could be affected by the conflict. Due to safety concerns and logistical difficulties, Flexitank shipments may experience delays, route changes, or even a total suspension. The availability and price of Flexitank services may be impacted by this disruption.
The Black Sea and Sea of Azov coasts are currently hazardous or impassable. There have been missile attacks on ships, ship arrests, and lane closures for commercial shipping. Odessa and Mariupol, two seaports in Ukraine, are shut down, damaged, or even being attacked. Transport of containers and goods has stopped, and cargo and equipment are stranded at ports.
IMPACT OF COVID 19
Logistics and cargo transportation in the U.S. Are struggling as a result of the COVID-19 crisis. The economy has been negatively impacted by safety measures to stop the disease's spread. In April 2020 GDP fell and the unemployment rate rose by 14 % in US.
Since more people are now making purchases online due to COVID-19, the e-commerce platform has quickly gained popularity. When the economy recovers, some of these transactions will probably return to in-person interactions, but studies show that e-commerce has the potential to expand further.
The COVID-19 pandemic caused disruptions in global supply chains due to lockdowns, travel restrictions, and reduced production. Flexitank shipments were affected as factories and manufacturing facilities faced closures or operated at limited capacities. This led to delays, order cancellations, and a decline in demand for flexitank services.
KEY MARKET SEGMENTS
By Product Type
By Loading Type
Food Grade Liquids
Wine & Spirits
Asia Pacific dominated the market and held a 70.5 % share of the global volume in 2022, due to the presence of China and India, the two biggest agricultural producing countries. The expansion of the regional market was also aided by Indonesia and Malaysia's high levels of palm oil production and export. Due to the lower production costs in India and China, a number of important companies in Europe and North America have also outsourced production activities to these two nations. The demand for flexitanks is therefore expected to rise in the Asia Pacific region over the forecast period as a result of the potential growth of the food and pharmaceutical industries.
Over the course of the forecast, it is anticipated that the European market will expand significantly. In particular in Germany, Switzerland, and the Netherlands, this can be attributed to the rise in production and export of pharmaceuticals that are temperature-sensitive.
The steady growth of the US manufacturing sector, it will cause North America to grow at a significant CAGR during the forecast period .
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin American
Key players List-
Some major key players in the Flexitank Packaging market are Environmental Packaging Technologies Inc, SIA FLEXITANKS, Mak & Williams Flexitank Supply Ltd, Braid Logistics UK Ltd, Yunjet Plastics Packaging, K Tank Supply Ltd, Trans Ocean Bulk Logistics Ltd, Büscherhoff Packaging Solutions GmbH, TRUST Flexitanks, Full-Pak, and other players.
The Pulse Flexitank, a new Flexitank from Hillebrand, can agitate its contents for uniform viscosity.
|Market Size in 2022||US$ 1029.62 Mn|
|Market Size by 2030||US$ 4368.47 Mn|
|CAGR||CAGR of 19.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product Type (Single-Trip, Multi-Trip)
• By Loading Type (Top Loading, Bottom Loading)
• By Application (Food Grade Liquids, Pharmaceutical Liquids, Industrial Products, Wine & Spirits, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Environmental Packaging Technologies Inc, SIA FLEXITANKS, Mak & Williams Flexitank Supply Ltd, Braid Logistics UK Ltd, Yunjet Plastics Packaging, K Tank Supply Ltd, Trans Ocean Bulk Logistics Ltd, Büscherhoff Packaging Solutions GmbH, TRUST Flexitanks, Full-Pak|
|Key Drivers||• International trade is a major driver for the flexitank market
• The food and beverage industry is a significant driver for the flexitank market.
|Market Opportunities||• The flexitank market presents opportunities for expansion in emerging markets
• Offering value-added services beyond basic flexitank transportation can create opportunities for differentiation and revenue growth.
Ans: Flexitank Market is expected to grow at a CAGR of 19.8 % over the forecast period of 2023-2030.
Ans: The Flexitank Market size was USD 1029.62 Mn in 2022 and is expected to Reach USD 4368.47 Mn by 2030.
Ans: International trade is a major driver for the flexitank market.
Ans: Major key players in the Flexitank Packaging market are Environmental Packaging Technologies Inc, SIA FLEXITANKS, Mak & Williams Flexitank Supply Ltd, Braid Logistics UK Ltd, Yunjet Plastics Packaging, K Tank Supply Ltd, Trans Ocean Bulk Logistics Ltd, Büscherhoff Packaging Solutions GmbH, TRUST Flexitanks, Full-Pak.
Ans: Asia Pacific dominated the market and held a 70.5 % share of the global volume in 2022, due to the presence of China and India, the two biggest agricultural producing countries.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Flexitank Market Segmentation, By Product Type
9. Flexitank Market Segmentation, By Loading Type
9.1 Top Loading
9.2 Bottom Loading
10. Flexitank Market Segmentation, By Application
10.1 Food Grade Liquids
10.2 Pharmaceutical Liquids
10.3 Industrial Products
10.4 Wine & Spirits
11. Regional Analysis
11.2 North America
11.2.1 North America Flexitank Market by Country
11.2.2North America Flexitank Market By Product Type
11.2.3 North America Flexitank Market By Loading Type
11.2.4 North America Flexitank Market By Application
18.104.22.168 USA Flexitank Market By Product Type
22.214.171.124 USA Flexitank Market By Loading Type
126.96.36.199 USA Flexitank Market by Application
188.8.131.52 Canada Flexitank Market By Product Type
184.108.40.206 Canada Flexitank Market By Loading Type
220.127.116.11 Canada Flexitank Market By Application
18.104.22.168 Mexico Flexitank Market By Product Type
22.214.171.124 Mexico Flexitank Market By Loading Type
126.96.36.199 Mexico Flexitank Market By Application
11.3.1 Europe Flexitank Market by Country
11.3.2 Europe Flexitank Market By Product Type
11.3.3 Europe Flexitank Market By Loading Type
11.3.4 Europe Flexitank Market By Application
188.8.131.52 Germany Flexitank Market By Product Type
184.108.40.206 Germany Flexitank Market By Loading Type
220.127.116.11 Germany Flexitank Market By Application
18.104.22.168 UK Flexitank Market By Product Type
22.214.171.124 UK Flexitank Market By Loading Type
126.96.36.199 UK Flexitank Market By Application
188.8.131.52 France Flexitank Market By Product Type
184.108.40.206 France Flexitank Market By Loading Type
220.127.116.11 France Flexitank Market By Application
18.104.22.168 Italy Flexitank Market By Product Type
22.214.171.124 Italy Flexitank Market By Loading Type
126.96.36.199 Italy Flexitank Market By Application
188.8.131.52 Spain Flexitank Market By Product Type
184.108.40.206 Spain Flexitank Market By Loading Type
220.127.116.11 Spain Flexitank Market By Application
11.3.11 The Netherlands
18.104.22.168 Netherlands Flexitank Market By Product Type
22.214.171.124 Netherlands Flexitank Market By Loading Type
126.96.36.199 Netherlands Flexitank Market By Application
11.3.11 Rest of Europe
188.8.131.52 Rest of Europe Flexitank Market By Product Type
184.108.40.206 Rest of Europe Flexitank Market By Loading Type
220.127.116.11 Rest of Europe Flexitank Market By Application
11.4.1 Asia Pacific Flexitank Market by Country
11.4.2 Asia Pacific Flexitank Market By Product Type
11.4.3 Asia Pacific Flexitank Market By Loading Type
11.4.4Asia Pacific Flexitank Market By Application
18.104.22.168 Japan Flexitank Market By Product Type
22.214.171.124 Japan Flexitank Market By Loading Type
126.96.36.199 Japan Flexitank Market By Application
11.4.7 South Korea
188.8.131.52 South Korea Flexitank Market By Product Type
184.108.40.206 South Korea Flexitank Market By Loading Type
220.127.116.11 South Korea Flexitank Market By Application
18.104.22.168 China Flexitank Market By Product Type
22.214.171.124 China Flexitank Market By Loading Type
126.96.36.199 China Flexitank Market By Application
188.8.131.52 India Flexitank Market By Product Type
184.108.40.206 India Flexitank Market By Loading Type
220.127.116.11 India Flexitank Market By Application
18.104.22.168 Australia Flexitank Market By Product Type
22.214.171.124 Australia Flexitank Market By Loading Type
126.96.36.199 Australia Flexitank Market By Application
11.4.11 Rest of Asia-Pacific
188.8.131.52 APAC Flexitank Market By Product Type
184.108.40.206 APAC Flexitank Market By Loading Type
220.127.116.11 APAC Flexitank Market By Application
11.5 The Middle East & Africa
11.5.1 The Middle East & Africa Flexitank Market by Country
11.5.2 The Middle East & Africa Flexitank Market By Product Type
11.5.3 The Middle East & Africa Flexitank Market By Loading Type
11.5.4The Middle East & Africa Flexitank Market By Application
18.104.22.168 Israel Flexitank Market By Product Type
22.214.171.124 Israel Flexitank Market By Loading Type
126.96.36.199 Israel Flexitank Market By Application
188.8.131.52 UAE Flexitank Market By Product Type
184.108.40.206 UAE Flexitank Market By Loading Type
220.127.116.11 UAE Flexitank Market By Application
11.5.8 South Africa
18.104.22.168 South Africa Flexitank Market By Product Type
22.214.171.124 South Africa Flexitank Market By Loading Type
126.96.36.199 South Africa Flexitank Market By Application
11.5.9 Rest of Middle East & Africa
188.8.131.52 Rest of Middle East & Asia Flexitank Market By Product Type
184.108.40.206 Rest of Middle East & Asia Flexitank Market By Loading Type
220.127.116.11 Rest of Middle East & Asia Flexitank Market By Application
11.6 Latin America
11.6.1 Latin America Flexitank Market by Country
11.6.2 Latin America Flexitank Market By Product Type
11.6.3 Latin America Flexitank Market By Loading Type
11.6.4 Latin America Flexitank Market By Application
18.104.22.168 Brazil Flexitank Market By Product Type
22.214.171.124 Brazil Africa Flexitank Market By Loading Type
126.96.36.199 Brazil Flexitank Market By Application
188.8.131.52 Argentina Flexitank Market By Product Type
184.108.40.206 Argentina Flexitank Market By Loading Type
220.127.116.11 Argentina Flexitank Market by By Application
11.6.8 Rest of Latin America
18.104.22.168 Rest of Latin America Flexitank Market By Product Type
22.214.171.124 Rest of Latin America Flexitank Market By Loading Type
126.96.36.199 Rest of Latin America Flexitank Market By Application
12 Company Profile
12.1 Environmental Packaging Technologies Inc
12.1.1 Market Overview
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 SIA FLEXITANKS
12.2.1 Market Overview
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Mak & Williams Flexitank Supply Ltd
12.3.1 Market Overview
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Braid Logistics UK Ltd
12.4.1 Market Overview
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Yunjet Plastics Packaging
12.5.1 Market Overview
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 K Tank Supply Ltd
12.6.1 Market Overview
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Trans Ocean Bulk Logistics Ltd
12.7.1 Market Overview
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Büscherhoff Packaging Solutions GmbH
12.8.1 Market Overview
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 TRUST Flexitanks
12.9.1 Market Overview
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10.1 Market Overview
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. USE Cases and Best Practices
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