Flexitanks Market Estimated to Cross US$ 6.30 Bn by 2030

The global Flexitanks market size is expected to reach USD 6.30 billion by 2030, registering a CAGR of 23.0% over the forecast period 2021 – 2030.

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Growth Factors

 The rising global trade of various liquid food products, chemicals, pharmaceuticals, and industrial products is principally augmenting the market growth.

Lower costs associated with flexitanks compared to conventional bulk liquid transport containers, such as ISO containers, IBCs, drums, and barrels, are likely to propel their demand. Furthermore, flexitanks carry higher payloads than IBCs and drums, which prove them to be a more economical means of bulk transportation.

A majority of the flexitanks are designed for single-use, which reduces the risk of packed product contamination. This superior protection against contamination makes them an ideal bulk packaging choice for food-grade liquids and pharmaceuticals. In addition, flexitanks do not require the forklift or other mechanism, which makes loading and unloading much faster. The aforementioned factors are attracting several application industries.

Report Coverage

Report Scope Details
Market Size USD 6.30 billion by 2030
Growth Rate CAGR of 23.0% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Braid Logistics UK Ltd.; Bulk Liquid Solutions Pvt. Ltd; Qingdao BLT Packing Industrial Co., Ltd. (BLT); Full-Pak; Environmental Packaging Technologies, Inc.

Report Highlights

The single-trip product segment led the market and accounted for a revenue share of 94.9% in 2020. The segment is estimated to retain its leading position throughout the forecast period due to the low cost and wide availability of single-trip products.

the multi-trip product segment is projected to expand at a considerable CAGR over the forecast period. These flexitanks rank high on the sustainability front as they eliminate the need to be disposed of post a single user and can be reused numerous times, thereby optimizing the Total Cost of Ownership (TCO).

The foodstuffs application segment led the market and accounted for a 38.7% share of the global revenue in 2020 owing to the high demand from end-use applications, such as fruit juices, sauces, concentrates, edible oils, and bakery and confectionery products.

Wine products are usually at risk of spoilage when packaged using ordinary shipping boxes. Polyethylene-based flexitanks help combat this issue and are being increasingly used by wine producers across the globe to replace insulated pouches or insulated shipping containers.

Asia Pacific led the market and accounted for 68.4% share of the global volume in 2020 owing to the presence of the two largest agricultural producing and consuming countries, namely China and India. In addition, the high production and export of  from Indonesia and Malaysia contributed to the growth of the regional market.

North America is anticipated to expand at a considerable CAGR over the forecast period owing to the steady growth of the U.S. manufacturing industry. In addition, the presence of favorable trade agreements, such as NAFTA, which permit free trade within the U.S., Canada, and Mexico is likely to favor the growth of the market.

Key Players

  • Qingdao BLT Packing Industrial Co., Ltd. (BLT)
  • Braid Logistics UK Ltd.
  • Bulk Liquid Solutions Pvt. Ltd.
  • Büscherhoff Packaging Solutions GmbH
  • Environmental Packaging Technologies, Inc.
  • Full-Pak
  • K Tank Supply Ltd.
  • Mak & Williams Flexitank Supply Ltd.
  • MY FlexiTank (MYF)
  • KriCon Group BV
  • Qingdao LAF Packaging Co., Ltd.
  • SIA FLEXITANKS
  • Yunjet Plastics Packaging
  • Trans Ocean Bulk Logistics Ltd.
  • TRUST Flexitanks

Market Segmentation

  • Product
    • Single-trip
    • Multi-trip
  • Application
    • Foodstuffs
    • Wine & Spirits
    • Chemicals
    • Oils
    • Industrial Products
    • Pharmaceutical Goods
  • Regional
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
      • Belgium
      • Netherlands
    • Asia Pacific
      • China
      • India
      • Singapore
    • Central & South America
      • Brazil
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Flexitanks Market, By Product

7.1.  Flexitanks Market, by Product, 2021-2030

7.1.1.    Single-trip

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Multi-trip

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Flexitanks Market, By Application

8.1.  Flexitanks Market, by Application, 2021-2030

8.1.1.    Foodstuffs

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Wine & Spirits

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Chemicals

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Oils

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Industrial Products

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Pharmaceutical Goods

8.1.6.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Flexitanks Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              Qingdao BLT Packing Industrial Co., Ltd. (BLT)

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Braid Logistics UK Ltd.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Bulk Liquid Solutions Pvt. Ltd.

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Büscherhoff Packaging Solutions GmbH

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Environmental Packaging Technologies, Inc.

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Full-Pak

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              K Tank Supply Ltd.

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Mak & Williams Flexitank Supply Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              MY FlexiTank (MYF)

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           KriCon Group BV

10.10.1.               Company Overview

10.10.2.               Product Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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