Flexitank Market

Flexitank Market

Flexitank Market Forecasts to 2030 - Global Analysis By Type (Monolayer, Multilayer and Bilayer), Usability (Single Use and Reusable), Loading Type, Material, Application and By Geography

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4.7 (41 reviews)
Published: 2024 ID: SMRC26098

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $974.75 MN

Projected Year Value (2030)

US $3,921.13 MN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

Acording to Stratistics MRC, the Global Flexitank Market is accounted for $974.75 million in 2023 and is expected to reach $3,921.13 million by 2030 growing at a CAGR of 22.0% during the forecast period. A flexitank is a flexible, collapsible container used for the transportation of non-hazardous liquids, typically for bulk liquid shipping. Made from various polymers, such as polyethylene or polypropylene, flexitanks are designed to fit within standard 20-foot freight containers, maximizing storage capacity while minimizing shipping costs. These containers offer a cost-effective alternative to traditional shipping methods like drums or ISO tanks, as they eliminate the need for cleaning and return logistics. Flexitanks are commonly used for transporting liquids such as foodstuffs, industrial chemicals, and pharmaceuticals, providing a safe and efficient solution for global liquid logistics. 

According to FTS Container Packaging Co., Ltd., about 30% of the global wine shipping is done via flexitanks. According to SIA Flexitanks, standard products can hold up to 24 tons of payload, which is about 15% more than IBCs and 40% more than drums.

Market Dynamics: 


Increasing demand for bulk liquids

The increasing demand for bulk liquids, such as oils, chemicals, and beverages, is a significant driver of the flexitank market. Flexitanks offer a cost-effective and efficient solution for transporting large quantities of liquids compared to traditional methods like drums or ISO tanks. Their ability to be used with standard shipping containers makes them highly versatile and adaptable to various transportation modes. Flexitanks reduce transportation costs, minimize product contamination risks, and maximize payload capacity, appealing to industries seeking economical and sustainable logistics solutions. 


Infrastructure limitations

Infrastructure limitations can significantly restrain the flexitank market. Flexitanks require appropriate infrastructure for transportation and storage, including ports equipped with suitable handling facilities and transportation networks capable of accommodating their size and weight. In regions with inadequate infrastructure, such as underdeveloped or remote areas, accessing markets or transporting goods using flexitanks becomes challenging. Limited infrastructure can lead to increased transportation costs, delays, and logistical complications, inhibiting the widespread adoption of flexitanks in such areas. 


Expansion of e-commerce and global trade

The expansion of e-commerce has revolutionized global trade dynamics, opening up vast opportunities for the flexitank market. As online retail continues to grow exponentially, the demand for efficient and cost-effective bulk liquid transportation solutions has surged. With the rise of cross-border e-commerce, particularly in emerging markets, the flexitank market is poised to capitalize on the increasing demand for seamless logistics solutions. This presents an opportunity for flexitank providers to leverage digital platforms and partnerships to tap into new markets and streamline supply chains, thereby fueling further growth and expansion in the global trade landscape.


Quality and safety concerns

Flexitanks, being flexible containers used for the transportation of liquids, are susceptible to various risks such as leaks, tears, and contamination, jeopardizing both product integrity and safety standards. Poor-quality flexitanks or improper handling can lead to spills, product contamination, and environmental hazards. Furthermore, inadequate quality control measures may result in structural failures during transport, potentially causing significant financial losses and reputational damage for the companies involved. Therefore, ensuring stringent quality standards, proper handling procedures, and adherence to safety regulations are paramount to mitigating these threats in the flexitank market.

Covid-19 Impact: 

The COVID-19 pandemic has significantly impacted the flexitank market. With disruptions in global supply chains and logistical challenges due to lockdowns and travel restrictions, the demand for flexitanks, which are used for bulk liquid transportation, fluctuated. Initially, there was a surge in demand for flexitanks to transport essential goods like food and pharmaceuticals. However, as industries slowed down and trade volumes decreased, demand dwindled. Additionally, the uncertainty surrounding the pandemic led to delays in investment decisions and projects, further affecting the flexitank market. 

The multilayer segment is expected to be the largest during the forecast period

Multilayer segment growth in the flexitank market is driven by the demand for enhanced safety and reliability in bulk liquid transportation has spurred the adoption of multilayer flexitanks, which offer superior strength and barrier properties compared to single-layer alternatives. Increasing regulatory requirements regarding the transportation of sensitive liquids, such as food-grade products and chemicals, have led to a higher preference for multilayer flexitanks due to their ability to provide better protection against contamination and leakage. 

The food-grade liquids segment is expected to have the highest CAGR during the forecast period

The Food-Grade Liquids segment in the Flexitank market has experienced significant growth due to an increasing demand for efficient and cost-effective transportation solutions for liquid food products such as edible oils, juices, and wines. Moreover, flexitanks provide superior safety and hygiene standards, ensuring that food-grade liquids maintain their quality and integrity throughout the transportation process. The flexibility of flexitanks allows for easy handling and storage, optimizing logistics and distribution networks. Furthermore, as global trade in food products continues to expand, the Food-Grade Liquids segment is poised for further growth, driven by the need for scalable and customizable shipping solutions. 

Region with largest share:

The North American region has experienced notable growth in the flexitank market due to the increasing preference for cost-effective and efficient bulk liquid transportation solutions. The rise in international trade of commodities such as chemicals, foodstuffs, and pharmaceuticals has contributed to the expansion of the flexitank market in the region. Moreover, advancements in flexitank technology, ensuring higher safety standards and reliability, have boosted adoption rates. The flexibility offered by flexitanks in accommodating varying liquid volumes and their eco-friendly nature have further propelled their popularity. 

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth due to rapid industrialization and globalization, which have led to increased demand for cost-effective and efficient bulk liquid transportation solutions. Moreover, the region's burgeoning food and beverage industry, coupled with expanding chemical and pharmaceutical sectors, has further fuelled the demand for flexitanks. Infrastructural developments in transportation and logistics have facilitated the widespread adoption of flexitanks as a viable alternative to traditional shipping methods. Furthermore, growing awareness about the environmental benefits of flexitanks, such as reduced carbon footprints and minimized waste, has also contributed to their popularity in the region. 

Key players in the market

Some of the key players in Flexitank market include BeFlexi, Flexible World Company Ltd., Flexitank Group, Hillebrand, Hinrich Industries, Qingdao LET Flexitank Co., Ltd., Rishi FIBC Solutions Pvt. Ltd., SIA Flexitanks, TIBA, UWL Inc. and VTG Tanktainer GmbH.  

Key Developments:

In November 2023, Hillebrand Gori, has announced a strategic collaboration with the International Wine Challenge (IWC), officially securing its role as the logistics partner for the world's foremost and globally recognized wine competition. Commencing in 2024, Hillebrand Gori will undertake the transportation of all consolidated wine samples destined for the International Wine Challenge, culminating in evaluation at the 2024 judging event in the United Kingdom.

In January 2022, UK-based logistics specialist Suttons International Limited, has grown its international presence following the complete acquisition of assets from VTG Tanktainer GmbH. The company’s purchase of VTG’s overseas ISO tank containers, personnel, and customer contracts has seen Suttons launch itself into the list of the top 10 global tank container operators. 

Types Covered:
• Monolayer 
• Multilayer 
• Bilayer  

Usability’s Covered:
• Single Use
• Reusable

Loading Types Covered:
• Top Loading 
• Bottom Loading 

Materials Covered:
• Polyethylene 
• Polypropylene 
• Other Materials 

Applications Covered:
• Non-Hazardous Chemicals/Liquids  
• Food-Grade Liquids   
• Pharmaceutical Goods  
• Chemicals  
• Industrial Products  
• Other Applications   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary           
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology          
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions         
3 Market Trend Analysis           
 3.1 Introduction          
 3.2 Drivers          
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats          
 3.6 Application Analysis          
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry          
5 Global Flexitank Market, By Type           
 5.1 Introduction          
 5.2 Monolayer          
 5.3 Multilayer          
 5.4 Bilayer          
6 Global Flexitank Market, By Usability           
 6.1 Introduction          
 6.2 Single Use          
 6.3 Reusable          
7 Global Flexitank Market, By Loading Type           
 7.1 Introduction          
 7.2 Top Loading          
 7.3 Bottom Loading          
8 Global Flexitank Market, By Material           
 8.1 Introduction          
 8.2 Polyethylene          
  8.2.1 Low Density Polyethylene (LDPE)         
  8.2.2 Linear Low-Density Polyethylene (LLDPE)         
  8.2.3 High-Density Polyethylene (HDPE)         
 8.3 Polypropylene          
 8.4 Other Materials          
9 Global Flexitank Market, By Application           
 9.1 Introduction          
 9.2 Non-Hazardous Chemicals/Liquids          
 9.3 Food-Grade Liquids          
  9.3.1 Edible Oils         
  9.3.2 Juices         
  9.3.3 Alcoholic Beverages         
  9.3.4 Concentrates & Syrups         
  9.3.5 Other Food-Grade Liquids         
 9.4 Pharmaceutical Goods          
 9.5 Chemicals          
 9.6 Industrial Products          
 9.7 Other Applications          
10 Global Flexitank Market, By Geography           
 10.1 Introduction          
 10.2 North America          
  10.2.1 US         
  10.2.2 Canada         
  10.2.3 Mexico         
 10.3 Europe          
  10.3.1 Germany         
  10.3.2 UK         
  10.3.3 Italy         
  10.3.4 France         
  10.3.5 Spain         
  10.3.6 Rest of Europe         
 10.4 Asia Pacific          
  10.4.1 Japan         
  10.4.2 China         
  10.4.3 India         
  10.4.4 Australia         
  10.4.5 New Zealand         
  10.4.6 South Korea         
  10.4.7 Rest of Asia Pacific         
 10.5 South America          
  10.5.1 Argentina         
  10.5.2 Brazil         
  10.5.3 Chile         
  10.5.4 Rest of South America         
 10.6 Middle East & Africa          
  10.6.1 Saudi Arabia         
  10.6.2 UAE         
  10.6.3 Qatar         
  10.6.4 South Africa         
  10.6.5 Rest of Middle East & Africa         
11 Key Developments           
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures          
 11.2 Acquisitions & Mergers          
 11.3 New Product Launch          
 11.4 Expansions          
 11.5 Other Key Strategies          
12 Company Profiling           
 12.1 BeFlexi          
 12.2 Flexible World Company Ltd.          
 12.3 Flexitank Group          
 12.4 Hillebrand          
 12.5 Hinrich Industries          
 12.6 Qingdao LET Flexitank Co., Ltd.          
 12.7 Rishi FIBC Solutions Pvt. Ltd.          
 12.8 SIA Flexitanks          
 12.9 TIBA          
 12.10 UWL Inc.          
 12.11 VTG Tanktainer GmbH          
List of Tables            
1 Global Flexitank Market Outlook, By Region (2021-2030) ($MN)           
2 Global Flexitank Market Outlook, By Type (2021-2030) ($MN)           
3 Global Flexitank Market Outlook, By Monolayer (2021-2030) ($MN)           
4 Global Flexitank Market Outlook, By Multilayer (2021-2030) ($MN)           
5 Global Flexitank Market Outlook, By Bilayer (2021-2030) ($MN)           
6 Global Flexitank Market Outlook, By Usability (2021-2030) ($MN)           
7 Global Flexitank Market Outlook, By Single Use (2021-2030) ($MN)           
8 Global Flexitank Market Outlook, By Reusable (2021-2030) ($MN)           
9 Global Flexitank Market Outlook, By Loading Type (2021-2030) ($MN)           
10 Global Flexitank Market Outlook, By Top Loading (2021-2030) ($MN)           
11 Global Flexitank Market Outlook, By Bottom Loading (2021-2030) ($MN)           
12 Global Flexitank Market Outlook, By Material (2021-2030) ($MN)           
13 Global Flexitank Market Outlook, By Polyethylene (2021-2030) ($MN)           
14 Global Flexitank Market Outlook, By Low Density Polyethylene (LDPE) (2021-2030) ($MN)           
15 Global Flexitank Market Outlook, By Linear Low-Density Polyethylene (LLDPE) (2021-2030) ($MN)           
16 Global Flexitank Market Outlook, By High-Density Polyethylene (HDPE) (2021-2030) ($MN)           
17 Global Flexitank Market Outlook, By Polypropylene (2021-2030) ($MN)           
18 Global Flexitank Market Outlook, By Other Materials (2021-2030) ($MN)           
19 Global Flexitank Market Outlook, By Application (2021-2030) ($MN)           
20 Global Flexitank Market Outlook, By Non-Hazardous Chemicals/Liquids (2021-2030) ($MN)           
21 Global Flexitank Market Outlook, By Food-Grade Liquids (2021-2030) ($MN)           
22 Global Flexitank Market Outlook, By Edible Oils (2021-2030) ($MN)           
23 Global Flexitank Market Outlook, By Juices (2021-2030) ($MN)           
24 Global Flexitank Market Outlook, By Alcoholic Beverages (2021-2030) ($MN)           
25 Global Flexitank Market Outlook, By Concentrates & Syrups (2021-2030) ($MN)           
26 Global Flexitank Market Outlook, By Other Food-Grade Liquids (2021-2030) ($MN)           
27 Global Flexitank Market Outlook, By Pharmaceutical Goods (2021-2030) ($MN)           
28 Global Flexitank Market Outlook, By Chemicals (2021-2030) ($MN)           
29 Global Flexitank Market Outlook, By Industrial Products (2021-2030) ($MN)           
30 Global Flexitank Market Outlook, By Other Applications (2021-2030) ($MN)           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.            

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at info@strategymrc.com

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