Flexitank Market Size Worth $8.47 Billion By 2032 | CAGR: 22.9%

The global flexitank market size is expected to reach USD 8.47 billion by 2032, according to a new study by Polaris Market Research. The report “Flexitank Market Share, Size, Trends, Industry Analysis Report, By Product (Single Trip, Multi-trip), By Application (Foodstuffs, Chemicals, Oils, Wine & Spirits, Pharmaceutical Goods, Others), By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is experiencing significant growth primarily due to the increasing global trade of various liquid commodities such as food products, chemicals, pharmaceuticals, and industrial goods. The lower costs associated with flexitanks compared to traditional bulk liquid transport containers, including ISO containers, Intermediate Bulk Containers (IBCs), drums, and barrels, are playing a crucial role in propelling their demand.

Flexitanks offer a more cost-effective solution for bulk liquid transportation, making them a preferred choice for businesses involved in international trade. Additionally, flexitanks boast higher payload capacities compared to IBCs and drums. This increased capacity not only contributes to cost savings but also enhances the overall efficiency of bulk transportation, making flexitanks an economical and practical choice for various industries engaged in the global movement of liquid goods.

A growing number of chemical companies are opting for flexitanks instead of traditional corrugated packaging, primarily driven by their cost-effectiveness and enhanced durability. Furthermore, flexitanks used in the chemical industry can be produced from recycled plastic resins, eliminating the necessity for using 100% virgin polymers. This not only contributes to reduced product costs but also aligns with sustainability goals by promoting the use of recycled materials.

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The majority of flexitanks are designed for single-use, a feature that significantly reduces the risk of product contamination during transportation. This heightened protection against contamination makes flexitanks an ideal choice for bulk packaging, particularly for industries dealing with food-grade liquids and pharmaceuticals where maintaining product purity is critical. Moreover, the efficiency of loading and unloading is enhanced with flexitanks, as they do not require the use of forklifts or other complex mechanisms. The simplified loading and unloading processes contribute to faster turnaround times, reducing the time and resources required for these operations.

The high adoption of single-trip flexitanks can be attributed to factors such as their lower cost compared to multi-trip flexitanks, widespread availability, and a reduced risk of contamination. However, the growing sustainability trend poses a potential constraint to the growth of single-trip flexitanks. Despite this, the market is expected to experience growth due to the increasing demand for packaged liquid products, including juices, wines, & spirits. The rise in demand for these products is driven by factors such as the expanding organized retail sector and substantial growth of the middle-class population, particularly in emerging countries like China and India. This demographic shift contributes to increased consumption and, consequently, fuels the growth of the flexitank market.

Flexitank Market Report Highlights

• Single trip segment held the largest share, owing to wide availability of single trip products
• Food-stuffs segment dominated he market, due to increasing trade of FMCG products and other perishable items
• Asia Pacific dominated the market, on account of rise in cross border trade and daily movement of packaged foods and medicines
• The key market players include Qingdao BLT Packing, Braid Logistics, Bulk Liquid Solutions, Full-Pak, HOYER, K Tank Supply, MY FlexiTank & KriCon Group.

Polaris Market Research has segmented the flexitank market report based on product, application, and region:

Flexitank, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Single trip
• Multi-trip

Flexitank, Application Outlook (Revenue - USD Billion, 2019 - 2032)

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

Flexitank, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Flexitank Market Report Scope