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Flexitanks Market

Global Flexitanks Market Size, Trends, Analysis, Forecast: By Product: Single-trip, Multi-trip; By Application: Foodstuffs, Wine and Spirits, Chemicals, Oils, Industrial Products, Pharmaceutical Goods; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032

Global Flexitanks Market Outlook

The global flexitanks market size attained a value of approximately USD 1146.65 million in 2023. The market is further expected to grow at a CAGR of around 20.7% in the forecast period of 2024-2032, reaching a value of around USD 6,234.36 million by 2032.

 

Amidst growing environmental concerns, leading players in the flexitanks global market are developing flexitanks from recycled and renewable materials and investing towards research and development to improve the yielding strength and durability of flexitanks further. Rising costs of fuel and increased demand for international shipping of various products are surging the demand for lightweight and secure bulk packaging options, driving the growth of the global flexitanks market. Additional factors that are likely to boost the demand for flexitanks in the upcoming years include low labour and logistic costs involved in handling, zero cleaning costs in one-time use flexitanks, versatile applications, and eco-friendliness.

 

Global Flexitanks Market

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Multi-Trip Flexitanks Witnessing Increasing Demand Across Industries

Multi-trip flexitanks are gaining significant traction across various industries owing to the cost-effectiveness and efficiency offered by these flexitanks. As multi-trip flexitanks can be reused numerous times compared to single-trip products, they are considered more sustainable and cost-effective. In addition to this, multi-trip flexitanks are extremely durable and strong, which leads to enhanced safety of liquid contents during transportation and storage. Hence, these advantages are anticipated to propel the growth of this segment in the forecast period.

 

Global Flexitanks Market Share by Region

The Asia Pacific accounts for a sizable share of the market for flexitanks, driven by the expansion of major end use industries such as chemicals, oils, and pharmaceuticals, among others. The growing efforts to reduce the weight of bulk packaging in order to improve the transportation of temperature-sensitive or hazardous liquids are likely to provide impetus to the market growth in the region. Furthermore, stringent government regulations in countries like China and Japan, to promote eco-friendly transportation and packaging solutions, are expected to aid the growth of the market for flexitanks in the Asia Pacific.

 

Flexitanks Market Segmentation

A flexitank is a collapsible container/bag which is kept in another dry container. The concept of flexitank was developed during the second world war in order to ship diesel or fuel.  The tank can carry liquids and offer secure storage to liquid cargo in bulk. The capacity of flexitanks can exceed up to 24,000 litres of liquid.

 

Global Flexitanks Market

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Based on product, the market is bifurcated into:

  • Single-trip
  • Multi-trip

 

On the basis of application, the market is divided into:

  • Foodstuffs
  • Wine and Spirits
  • Chemicals
  • Oils
  • Industrial Products
  • Pharmaceutical Goods

 

The regional markets for flexitanks include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Global Trade to Boost the Flexitanks Market Growth

The rising application of flexitanks for shipping a range of liquid products, such as wines, juices, edible oils, fertilisers, pharmaceuticals, and non-hazardous chemicals, among others, is one of the key trends driving the market. The market for flexitanks is supported by factors like growing global trade, rapid urbanisation, and the competitive benefits offered by flexitanks over their traditional substitutes. In addition to this, the rising demand from the food and beverages industry, which is being driven by the increasing disposable incomes and changing lifestyles, is anticipated to propel the market growth of flexitanks in the forecast period. Moreover, the reduced labour and logistic costs associated with the handling and transportation of flexitanks and their eco-friendly nature is expected to further increase the flexitanks market demand in the coming years.

 

Global Flexitanks Market

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Competitive Landscape

The report gives a detailed analysis of the following key players in the global flexitanks market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Braid Logistics Group
  • Bulk Liquid Solutions (P) Ltd.
  • Büscherhoff Packaging Solutions GmbH
  • Qingdao LAF Packing Co., Ltd.
  • SIA Flexitanks Ltd.
  • MY Flexitank Industries Sdn Bhd,
  • Qingdao LET Flexitank Co., Ltd.
  • LiquA Europe SLU
  • LSM S.A. (FLEXPACK)
  • UWL Inc.
  • FTS Container Packaging Co., Ltd.
  • BeFlexi Ltd.
  • Hinrich Industries
  • TIBA, S.L.U.
  • TRUST Flexitanks
  • Flexitank Group
  • Rishi FIBC Solutions Pvt Ltd.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • Single-trip
  • Multi-trip
Breakup by Application
  • Foodstuffs
  • Wine and Spirits
  • Chemicals
  • Oils
  • Industrial Products
  • Pharmaceutical Goods
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Braid Logistics Group
  • Bulk Liquid Solutions (P) Ltd.
  • Büscherhoff Packaging Solutions GmbH
  • Qingdao LAF Packing Co., Ltd.
  • SIA Flexitanks Ltd.
  • MY Flexitank Industries Sdn Bhd,
  • Qingdao LET Flexitank Co., Ltd.
  • LiquA Europe SLU
  • LSM S.A. (FLEXPACK)
  • UWL Inc.
  • FTS Container Packaging Co., Ltd.
  • BeFlexi Ltd.
  • Hinrich Industries
  • TIBA, S.L.U.
  • TRUST Flexitanks
  • Flexitank Group
  • Rishi FIBC Solutions Pvt Ltd.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Flexitanks Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Flexitanks Historical Market (2018-2023) 
    8.3    Global Flexitanks Market Forecast (2024-2032)
    8.4    Global Flexitanks Market by Product
        8.4.1    Single-trip
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Multi-trip
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    8.5    Global Flexitanks Market by Application
        8.5.1    Foodstuffs
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Wine and Spirits
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Chemicals
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Oils
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
        8.5.5    Industrial Products
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2023)
            8.5.5.3    Forecast Trend (2024-2032)
        8.5.6    Pharmaceutical Goods
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2023)
            8.5.6.3    Forecast Trend (2024-2032)
    8.6    Global Flexitanks Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023) 
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023) 
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023) 
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023) 
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023) 
            8.6.5.3    Forecast Trend (2024-2032) 
9    North America Flexitanks Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Flexitanks  Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Flexitanks Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Flexitanks Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Flexitanks Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
         16.2.1    Braid Logistics Group
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Bulk Liquid Solutions (P) Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Büscherhoff Packaging Solutions GmbH
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Qingdao LAF Packing Co., Ltd.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    SIA Flexitanks Ltd.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    MY Flexitank Industries Sdn Bhd,
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Qingdao LET Flexitank Co., Ltd.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    LiquA Europe SLU
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    LSM S.A. (FLEXPACK)
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    UWL Inc.
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    FTS Container Packaging Co., Ltd.
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    BeFlexi Ltd.
            16.2.12.1    Company Overview
            16.2.12.2    Product Portfolio
            16.2.12.3    Demographic Reach and Achievements
            16.2.12.4    Certifications
        16.2.13    Hinrich Industries
            16.2.13.1    Company Overview
            16.2.13.2    Product Portfolio
            16.2.13.3    Demographic Reach and Achievements
            16.2.13.4    Certifications
        16.2.14    TIBA, S.L.U.
            16.2.14.1    Company Overview
            16.2.14.2    Product Portfolio
            16.2.14.3    Demographic Reach and Achievements
            16.2.14.4    Certifications
        16.2.15    TRUST Flexitanks
            16.2.15.1    Company Overview
            16.2.15.2    Product Portfolio
            16.2.15.3    Demographic Reach and Achievements
            16.2.15.4    Certifications
        16.2.16    Flexitank Group
            16.2.16.1    Company Overview
            16.2.16.2    Product Portfolio
            16.2.16.3    Demographic Reach and Achievements
            16.2.16.4    Certifications
        16.2.17    Rishi FIBC Solutions Pvt Ltd.
            16.2.17.1    Company Overview
            16.2.17.2    Product Portfolio
            16.2.17.3    Demographic Reach and Achievements
            16.2.17.4    Certifications
        16.2.18    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Flexitanks Market: Key Industry Highlights, 2018 and 2032
2.    Global Flexitanks Historical Market: Breakup by Engine Product (USD Million), 2018-2023
3.    Global Flexitanks Market Forecast: Breakup by Engine Product (USD Million), 2024-2032
4.    Global Flexitanks Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Flexitanks Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Flexitanks Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Flexitanks Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Flexitanks Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Flexitanks Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Flexitanks Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Flexitanks Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Flexitanks Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Flexitanks Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Flexitanks Market Structure

Key Questions Answered in the Report

In 2023, the global market for flexitanks attained a value of around USD 1146.65 million.

The market is estimated to grow at a CAGR of 20.70% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 6,234.36 million by 2032.

The major drivers of the market include growing global trade, thriving food and beverages sector, and expansion of major end use industries.

The key global flexitanks market trends include the shift from traditional shipping alternatives to flexitanks owing to their cost-effectiveness and sustainability and increasing guidelines regarding the shipment of food-grade products, pharmaceutical components, and non-hazardous chemicals.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products in the market for flexitanks are single-trip and multi-trip.

The various applications of flexitanks in the market are foodstuffs, wine and spirits, chemicals, oils, industrial products, and pharmaceutical goods.

The major players in the market, according to the report, are Braid Logistics Group, Bulk Liquid Solutions (P) Ltd., Büscherhoff Packaging Solutions GmbH, Qingdao LAF Packing Co., Ltd., SIA Flexitanks Ltd., MY Flexitank Industries Sdn Bhd, Qingdao LET Flexitank Co., Ltd., LiquA Europe SLU, LSM S.A. (FLEXPACK), UWL Inc., FTS Container Packaging Co., Ltd., BeFlexi Ltd., Hinrich Industries, TIBA, S.L.U., TRUST Flexitanks, Flexitank Group, and Rishi FIBC Solutions Pvt Ltd., among others.

Analyst Review

The global flexitanks market attained a value of USD 1146.65 million in 2023, driven by the thriving pharmaceutical and food and beverages industries. Aided by the increasing inclination towards modern shipping containers, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 20.70%. The market is projected to reach USD 6,234.36 million by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is bifurcated into single-trip and multi-trip. On the basis of application, the market is divided into foodstuffs, wine and spirits, chemicals, oils, industrial products, and pharmaceutical goods. The major regional markets for flexitanks are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Braid Logistics Group, Bulk Liquid Solutions (P) Ltd., Büscherhoff Packaging Solutions GmbH, Qingdao LAF Packing Co., Ltd., SIA Flexitanks Ltd., MY Flexitank Industries Sdn Bhd, Qingdao LET Flexitank Co., Ltd., LiquA Europe SLU, LSM S.A. (FLEXPACK), UWL Inc., FTS Container Packaging Co., Ltd., BeFlexi Ltd., Hinrich Industries, TIBA, S.L.U., TRUST Flexitanks, Flexitank Group, and Rishi FIBC Solutions Pvt Ltd., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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