The global market for flexitanks is poised for substantial growth over the next decade, driven by the increasing demand for cost-effective, efficient, and environmentally sustainable bulk liquid transportation. As industries shift towards flexible packaging solutions, flexitanks are emerging as a game-changing alternative to traditional drums, ISO tanks, and IBCs.
The Flexitank Market Size was estimated at USD 1.15 billion in 2023 and is expected to arrive at USD 7.46 billion by 2032, growing at an impressive CAGR of 23.09% over the forecast period 2024–2032. This strong upward trajectory is fueled by a combination of logistical advantages, growing international trade in liquid commodities, and increased awareness of product-specific storage needs.
Key Market Drivers:
- Rising Global Trade of Non-Hazardous Liquids:
Flexitanks are increasingly used for the transport of edible oils, juices, wines, and other non-hazardous liquids. The cost-efficiency and increased payload capacity they offer compared to conventional containers make them highly attractive for exporters and logistics companies.
- Sustainability and Reduced Carbon Footprint:
Flexitanks are lightweight, single-use containers that require less cleaning and reduce return shipping costs. Their lower carbon footprint is aligning with the sustainability goals of global supply chains, contributing to higher adoption.
- Cost-Efficiency and Operational Flexibility:
By allowing up to 40% more payload than drums and reducing packaging, handling, and labor costs, flexitanks present significant cost benefits. Their compatibility with standard 20-foot containers further enhances their utility.
- Technological Innovations and Customization:
Modern flexitanks are equipped with advanced materials to resist contamination, leakage, and temperature variation. Custom designs tailored to specific liquids or geographic shipping conditions are further driving demand.
- Expanding Applications Across Industries:
Beyond food and beverage, flexitanks are gaining traction in the chemical, pharmaceutical, and agricultural sectors. Their ability to handle a diverse range of liquid products makes them versatile across multiple verticals.
Key Players
- Qingdao BLT Packing Industrial Co., Ltd. (BLT)
- Nelson Global
- Braid Logistics
- Bulk Liquid Solutions
- Büscherhoff Packaging Solutions GmbH
- Environmental Packaging Technologies Inc.
- Full-Pak Bulk Containers
- K Tank Supply Ltd
- Mak & Williams Flexitank Supply
- MYFLEXITANK
- KriCon Group
- Qingdao LAF Technology Co., Ltd.
- SIA FLEXITANKS
- Shanghai Yunjet Plastic Packaging Co., Ltd.
- TRUST Flexitanks
- Techno Group USA
- Hillebrand Gori Group GmbH
- Neoflex
- FLUIDTAINER FLEXITANK SDN BHD
- Qingdao Hengxin Plastic Co. Ltd.
Conclusion:
The flexitank market is on an accelerated growth path, propelled by the global push for economical, safe, and environmentally friendly liquid logistics solutions. As industries increasingly seek scalable and innovative packaging alternatives, flexitanks are set to redefine bulk liquid transport. Companies that innovate in product design, quality control, and customer-specific solutions will hold a competitive edge in this rapidly expanding market.
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