The Flexitank Packaging Market size was USD 1.23 billion in 2023 and is expected to Reach USD 5.23 billion by 2031 and grow at a CAGR of 19.8 % over the forecast period of 2024-2031.
Flexitanks have capacities ranging from 12,000 to 26,000 liters. These are frequently used to ship a wide variety of liquid goods.
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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.
KEY DRIVERS:
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.
RESTRAIN:
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.
OPPORTUNITY:
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.
CHALLENGES:
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.
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.
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.
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
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Asia Pacific dominated the market and held a 44 % share of the global volume in 2023, 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 .
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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 the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
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.
| Report Attributes | Details |
| Market Size in 2023 | US$ 1.23 Bn |
| Market Size by 2031 | US$ 5.3 Bn |
| CAGR | CAGR of 19.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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 1233.48 Mn in 2023 and is expected to Reach USD 5233.45 Mn by 2031.
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 44% share of the global volume in 2023, due to the presence of China and India, the two biggest agricultural producing countries.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 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
8.1 Single-Trip
8.2 Multi-Trip
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
10.5 Others
11. Regional Analysis
11.1 Introduction
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
11.2.6 USA
11.2.6.1 USA Flexitank Market By Product Type
11.2.6.2 USA Flexitank Market By Loading Type
11.2.6.3 USA Flexitank Market by Application
11.2.7 Canada
11.2.7.1 Canada Flexitank Market By Product Type
11.2.7.2 Canada Flexitank Market By Loading Type
11.2.7.3 Canada Flexitank Market By Application
11.2.8 Mexico
11.2.8.1 Mexico Flexitank Market By Product Type
11.2.8.2 Mexico Flexitank Market By Loading Type
11.2.8.3 Mexico Flexitank Market By Application
11.3 Europe
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
11.3.6 Germany
11.3.6.1 Germany Flexitank Market By Product Type
11.3.6.2 Germany Flexitank Market By Loading Type
11.3.6.3 Germany Flexitank Market By Application
11.3.7 UK
11.3.7.1 UK Flexitank Market By Product Type
11.3.7.2 UK Flexitank Market By Loading Type
11.3.7.3 UK Flexitank Market By Application
11.3.8 France
11.3.8.1 France Flexitank Market By Product Type
11.3.8.2 France Flexitank Market By Loading Type
11.3.8.3 France Flexitank Market By Application
11.3.9 Italy
11.3.9.1 Italy Flexitank Market By Product Type
11.3.9.2 Italy Flexitank Market By Loading Type
11.3.9.3 Italy Flexitank Market By Application
11.3.10 Spain
11.3.10.1 Spain Flexitank Market By Product Type
11.3.10.2 Spain Flexitank Market By Loading Type
11.3.10.3 Spain Flexitank Market By Application
11.3.11 The Netherlands
11.3.11.1 Netherlands Flexitank Market By Product Type
11.3.11.2 Netherlands Flexitank Market By Loading Type
11.3.11.3 Netherlands Flexitank Market By Application
11.3.11 Rest of Europe
11.3.11.1 Rest of Europe Flexitank Market By Product Type
11.3.11.2 Rest of Europe Flexitank Market By Loading Type
11.3.11.3 Rest of Europe Flexitank Market By Application
11.4 Asia-Pacific
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
11.4.6 Japan
11.4.6.1 Japan Flexitank Market By Product Type
11.4.6.2 Japan Flexitank Market By Loading Type
11.4.6.3 Japan Flexitank Market By Application
11.4.7 South Korea
11.4.7.1 South Korea Flexitank Market By Product Type
11.4.7.2 South Korea Flexitank Market By Loading Type
11.4.7.3 South Korea Flexitank Market By Application
11.4.8 China
11.4.8.1 China Flexitank Market By Product Type
11.4.8.2 China Flexitank Market By Loading Type
11.4.8.3 China Flexitank Market By Application
11.4.9 India
11.4.9.1 India Flexitank Market By Product Type
11.4.9.2 India Flexitank Market By Loading Type
11.4.9.3 India Flexitank Market By Application
11.4.10 Australia
11.4.10.1 Australia Flexitank Market By Product Type
11.4.10.2 Australia Flexitank Market By Loading Type
11.4.10.3 Australia Flexitank Market By Application
11.4.11 Rest of Asia-Pacific
11.4.11.1 APAC Flexitank Market By Product Type
11.4.11.2 APAC Flexitank Market By Loading Type
11.4.11.3 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
11.5.6 Israel
11.5.6.1 Israel Flexitank Market By Product Type
11.5.6.2 Israel Flexitank Market By Loading Type
11.5.6.3 Israel Flexitank Market By Application
11.5.7 UAE
11.5.7.1 UAE Flexitank Market By Product Type
11.5.7.2 UAE Flexitank Market By Loading Type
11.5.7.3 UAE Flexitank Market By Application
11.5.8 South Africa
11.5.8.1 South Africa Flexitank Market By Product Type
11.5.8.2 South Africa Flexitank Market By Loading Type
11.5.8.3 South Africa Flexitank Market By Application
11.5.9 Rest of Middle East & Africa
11.5.9.1 Rest of Middle East & Asia Flexitank Market By Product Type
11.5.9.2 Rest of Middle East & Asia Flexitank Market By Loading Type
11.5.9.3 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
11.6.6 Brazil
11.6.6.1 Brazil Flexitank Market By Product Type
11.6.6.2 Brazil Africa Flexitank Market By Loading Type
11.6.6.3 Brazil Flexitank Market By Application
11.6.7 Argentina
11.6.7.1 Argentina Flexitank Market By Product Type
11.6.7.2 Argentina Flexitank Market By Loading Type
11.6.7.3 Argentina Flexitank Market by By Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Flexitank Market By Product Type
11.6.8.2 Rest of Latin America Flexitank Market By Loading Type
11.6.8.3 Rest of Latin America Flexitank Market By Application
12 Company Profile
12.1 Environmental Packaging Technologies Inc
12.1.1 Market Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 SIA FLEXITANKS
12.2.1 Market Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Mak & Williams Flexitank Supply Ltd
12.3.1 Market Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Braid Logistics UK Ltd
12.4.1 Market Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Yunjet Plastics Packaging
12.5.1 Market Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 K Tank Supply Ltd
12.6.1 Market Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Trans Ocean Bulk Logistics Ltd
12.7.1 Market Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Büscherhoff Packaging Solutions GmbH
12.8.1 Market Overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 TRUST Flexitanks
12.9.1 Market Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Full-Pak
12.10.1 Market Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
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
15. Conclusion
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