Flexitank Market Size, Share, Opportunities, And Trends By Product Type (Multilayer, Monolayer), By Reusability (Single-Use, Multi-Use (Reusable)), By Loading Type (Top Loading, Bottom Loading), By Application (Food Grade Liquid (Edible Oils, Juices, Concentrates And Syrups, Others), Non-Hazardous Chemicals, Pharmaceutical Liquids), And By Geography - Forecasts From 2023 To 2028
- Published : Jul 2023
- Report Code : KSI061615844
- Pages : 128
The flexitank market is evaluated at US$727.938 million for the year 2021 growing at a CAGR of 18.26% reaching the market size of US$2,354.828 million by the year 2028.
A flexitank is a large, flexible container used for transporting non-hazardous liquids in bulk. Typically made of multi-layered, food-grade polyethylene, it is designed to fit inside a standard shipping container, effectively converting it into a liquid cargo vessel. Flexitanks provide a cost-effective and efficient alternative to traditional liquid transportation methods, offering increased capacity, easy loading and unloading, and reduced carbon footprint. They are widely used in various industries, such as food and beverages, chemicals, and pharmaceuticals, to transport liquids safely and securely over long distances.
The flexitank market refers to the global industry involved in the manufacturing, distribution, and utilization of flexitanks for bulk liquid transportation. It encompasses various sectors such as food and beverages, chemicals, pharmaceuticals, and industrial liquids, where flexitanks provide a cost-effective and efficient solution for transporting large volumes of non-hazardous liquids. The market's growth is driven by the increasing demand for flexible and sustainable liquid transportation methods, the globalization of trade, and the growing emphasis on optimizing supply chain efficiency while reducing logistics costs and carbon emissions.
- Cost-Effectiveness: Flexitanks offer a cost-effective alternative to traditional bulk liquid transportation methods like drums or ISO tanks. They are more affordable to manufacture, handle, and transport, making them an attractive option for companies looking to reduce logistics costs.
- Increased Demand for Bulk Liquid Transport: With the global expansion of industries like food and beverages, chemicals, and pharmaceuticals, there is a growing need for bulk liquid transportation solutions. Flexitanks provide a practical and efficient way to move large volumes of liquids across long distances.
- Space Utilization: Flexitanks maximize space utilization in shipping containers, enabling companies to transport a greater volume of liquids in a single shipment. This optimization leads to reduced shipping costs and increased supply chain efficiency.
- Customizable Sizes: Flexitanks come in various sizes, allowing companies to choose the most suitable capacity for their specific shipping requirements. This flexibility caters to the diverse needs of different industries and products.
- Compatibility with Various Liquid Types: Flexitanks are designed to handle a wide range of non-hazardous liquids, including food-grade products, chemicals, and industrial liquids. Their versatility makes them a preferred choice for diverse liquid cargo.
- Reduction in Carbon Footprint: Compared to other bulk liquid transportation options, such as drums or IBCs (Intermediate Bulk Containers), flexitanks generate lower carbon emissions during transportation. This aspect aligns with sustainability goals and regulations, contributing to their popularity.
- Easy Handling and Loading: Flexitanks are lightweight and easy to handle, simplifying the loading and unloading processes. Their quick installation and removal save time and labor costs for both shippers and receivers.
- Minimized Risk of Contamination: Flexitanks are made from food-grade, FDA-approved materials, ensuring the safe transportation of sensitive liquid products without the risk of contamination. This is crucial for industries dealing with food and pharmaceuticals.
- Globalization of Trade: The increasing globalization of trade and the growth of international markets drive the demand for efficient and secure bulk liquid transportation. Flexitanks enable companies to access new markets and respond to global supply chain demands effectively.
- Regulatory Compliance: Flexitanks comply with international transportation regulations and safety standards, ensuring a secure and reliable method for transporting liquids across borders. This compliance gives companies confidence in using flexitanks for their shipments.
Products offered by key companies:
- Flexitank Solutions launched a new line of flexitanks that are designed to be tracked and traced throughout their lifecycle. This allows companies to ensure that their flexitanks are being used in a sustainable manner and that they are not ending up in landfills.
Positive growth in the food and beverage segment:
The segment of the Flexitank market that is experiencing rapid positive growth is the food and beverages industry. This growth can be attributed to several factors. Firstly, the increasing demand for bulk transportation of liquid food products, such as edible oils, juices, and wines, from production hubs to global markets. Flexitanks offer a cost-effective and efficient solution for shipping large quantities of liquid food products. Secondly, the rising popularity of flexitanks is driven by their hygienic and contamination-free features, ensuring the integrity and quality of food and beverage products during transportation. Lastly, the shift towards sustainable and eco-friendly packaging solutions in the food and beverages industry further drives the adoption of flexitanks, as they reduce waste compared to traditional packaging formats.
The Asia-Pacific region is expected to hold a significant share:
The Asia-Pacific region is expected to dominate the flexitank market share. This dominance can be attributed to several factors. Firstly, the region's significant manufacturing and export activities, especially in industries like chemicals, food and beverages, and pharmaceuticals, drive the demand for bulk liquid transportation solutions like flexitanks. Secondly, the expanding logistics and transportation sector in countries like China and India, along with their strategic location for international trade, further boosts the adoption of flexitanks. Additionally, the increasing focus on cost-efficient and environmentally-friendly shipping solutions favors the widespread use of flexitanks in the Asia-Pacific region.
- In Feb 2023, Ian Taylor and HOYER conducted the first flexitank operation in Peru, using new single-layer Powertex bags. These bags offer various benefits for liquid cargo, such as improved discharge performance, resistance against leakage, and eco-friendliness.
- In Nov 2022, FESCO Transportation Group introduced FESCO Flexi, a new service for transporting bulk liquids in containers using sealed flexitank liners. The service covers rail, sea, and intermodal transportation both domestically and internationally.
- By Product Type
- By Reusability
- Multi-Use (Reusable)
- By Loading Type
- Top Loading
- Bottom Loading
- By Application
- Food Grade Liquid
- Edible Oils
- Concentrates and Syrups
- Non-Hazardous Chemicals
- Pharmaceutical Liquids
- Food Grade Liquid
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Data
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. FLEXITANK MARKET, BY PRODUCT TYPE
6. FLEXITANK MARKET, BY REUSABILITY
6.3. Multi-Use (Reusable)
7. FLEXITANK MARKET, BY LOADING TYPE
7.2. Top Loading
7.3. Bottom Loading
8. FLEXITANK MARKET, BY APPLICATION
8.2. Food Grade Liquid
8.2.1. Edible Oils
8.2.3. Concentrates and Syrups
8.3. Non-Hazardous Chemicals
8.4. Pharmaceutical Liquids
9. FLEXITANK MARKET, BY GEOGRAPHY
9.2. North America
9.2.1. United States
9.3. South America
9.4.1. United Kingdom
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Bulk Liquid Solutions Pvt. Ltd.
11.2. Büscherhoff Packaging Solutions GmbH
11.3. MY FlexiTank (MYF)
11.4. KriCon Group BV
11.5. SIA FLEXITANKS
11.6. TRUST Flexitanks
11.7. UWL, Inc.
Bulk Liquid Solutions Pvt. Ltd.
Büscherhoff Packaging Solutions GmbH
MY FlexiTank (MYF)
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