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Flexitanks Market Size, Share & Trends Analysis Report By Product (Single-trip, Multi-trip), By Application (Foodstuffs, Chemicals, Industrial Products, Wine & Spirits, Oils, Pharmaceutical Products), By Region, And Segment Forecasts, 2020 - 2028

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    Report

  • 113 Pages
  • September 2021
  • Region: Global
  • Grand View Research
  • ID: 5440518
Description Jump to:
The global flexitanks market size is expected to reach USD 3.31 billion by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 21.0% from 2020 to 2028. 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.

Low cost as compared to multi-trip flexitanks, wide availability, and lower risk of contamination are the key factors responsible for the high adoption of single-trip products. However, increasing sustainability trend is likely to restrain the growth of the single-trip flexitanks. Moreover, increasing demand for packaged liquid products, such as juices, and wines and spirits, on account of the rising penetration of the organized retail sector and substantial growth of the middle-class population, especially in emerging countries like China and India, is expected to fuel the market growth.

Flexitanks Market Report Highlights

  • The single-trip product segment accounted for the largest share of 93.8% in terms of revenue in 2020 owing to the excellent protection against contamination, low cost, wide availability, and non-requirement of cleaning as they are expendable
  • The foodstuffs application segment is anticipated to expand at the fastest revenue-based CAGR from 2020 to 2028. Increasing demand for packaged beverages and liquid food additives are mainly contributing to the growth of the segment
  • The chemicals application segment is expected to witness substantial growth from 2020 to 2028. The growth can be attributed to the increasing popularity of flexitanks, along with the fact that all non-toxic liquid chemicals can be transported using flexitanks
  • Asia Pacific emerged as the leading regional market and accounted for 64.43% share of the total volume in 2020. Increasing commodity trade, along with higher market penetration, is expected to spur the regional market growth
  • The market is highly fragmented with the presence of a significant number of medium-sized companies. Key players are focusing on competitive product pricing and introducing new products within the market to attract end-user companies

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends Analysis
3.3.2. Manufacturing Trends
3.3.3. Sales Channel Analysis
3.4. Regulatory Framework
3.5. Technology Framework
3.6. Flexitanks Market - Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Tools Analysis: Flexitanks Market
3.7.1. Porter’s Five Forces Analysis
3.7.1.1. Bargaining Power of Suppliers
3.7.1.2. Bargaining Power of Buyers
3.7.1.3. Threat of Substitution
3.7.1.4. Threat of New Entrants
3.7.1.5. Competitive Rivalry
3.7.2. PESTLE Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technology Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
3.8. Major Strategic Deals & Alliances
3.9. Market Entry Strategies
Chapter 4. Flexitanks Market: Product Estimates & Trend Analysis
4.1. Flexitanks Market: Product Movement Analysis, 2020 & 2028
4.2. Single-trip
4.2.1. Market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Thousand)
4.3. Multi-trip
4.3.1. Market estimates and forecasts, 2017 - 2028 (Kilotons) (USD Thousand)
Chapter 5. Flexitanks Market: Application Estimates & Trend Analysis
5.1. Flexitanks Market: Application Movement Analysis, 2020 & 2028
5.2. Foodstuffs
5.2.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
5.3. Wine & Spirits
5.3.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
5.4. Chemicals
5.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
5.5. Oils
5.5.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
5.6. Industrial Products
5.6.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
5.7. Pharmaceutical Goods
5.7.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
Chapter 6. Flexitanks Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2020 & 2028
6.2. Flexitanks market: Regional movement analysis, 2020 & 2028
6.3. North America
6.3.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.3.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.3.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.3.4. U.S.
6.3.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.3.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.3.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4. Europe
6.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4.4. Germany
6.4.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4.5. U.K.
6.4.5.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4.6. France
6.4.6.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4.7. Belgium
6.4.7.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.7.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.7.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.4.8. Netherlands
6.4.8.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.4.8.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.4.8.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.5. Asia Pacific
6.5.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.5.4. China
6.5.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.5.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.5.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.5.5. India
6.5.5.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.5.5.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.5.5.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.5.6. Singapore
6.5.6.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.5.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.5.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.6. Central & South America
6.6.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.6.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.6.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.6.4. Brazil
6.6.4.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.6.4.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.6.4.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
6.7. Middle East & Africa
6.7.1. Market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
6.7.2. Market estimates and forecasts, by product, 2017 - 2028 (Units) (USD Thousand)
6.7.3. Market estimates and forecasts, by application, 2017 - 2028 (Units) (USD Thousand)
Chapter 7. Competitive Landscape
7.1. Key Global Players, Their Initiatives, & Its Impact on the Market
7.2. Key Company Categorization
7.3. Vendor Landscape
7.3.1. List of Key Distributors & Channel Partners
7.3.2. Key Customers
7.3.3. Company Market Position Analysis
7.4. Private Companies
7.4.1. List of Key Emerging Companies
Chapter 8. Company Profiles
8.1. Qingdao BLT Packing Industrial Co., Ltd. (BLT)
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Strategic initiatives
8.2. Braid Logistics UK Ltd.
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Strategic initiatives
8.3. Bulk Liquid Solutions Pvt. Ltd.
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Strategic initiatives
8.4. Büscherhoff Packaging Solutions GmbH
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Strategic initiatives
8.5. Environmental Packaging Technologies, Inc.
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Strategic initiatives
8.6. Full-Pak
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Strategic initiatives
8.7. K Tank Supply Ltd.
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Strategic initiatives
8.8. Mak & Williams Flexitank Supply Ltd.
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Strategic initiatives
8.9. MY FlexiTank (MYF)
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Strategic initiatives
8.10. KriCon Group BV
8.10.1. Company overview
8.10.2. Financial performance
8.10.3. Product benchmarking
8.10.4. Strategic initiatives
8.11. Qingdao LAF Packaging Co., Ltd.
8.11.1. Company overview
8.11.2. Financial performance
8.11.3. Product benchmarking
8.11.4. Strategic initiatives
8.12. SIA FLEXITANKS
8.12.1. Company overview
8.12.2. Financial performance
8.12.3. Product benchmarking
8.12.4. Strategic initiatives
8.13. Yunjet Plastics Packaging
8.13.1. Company overview
8.13.2. Financial performance
8.13.3. Product benchmarking
8.13.4. Strategic initiatives
8.14. Trans Ocean Bulk Logistics Ltd.
8.14.1. Company overview
8.14.2. Financial performance
8.14.3. Product benchmarking
8.14.4. Strategic initiatives
8.15. TRUST Flexitanks
8.15.1. Company overview
8.15.2. Financial performance
8.15.3. Product benchmarking
8.15.4. Strategic initiatives
List of Tables
1. Global single-trip flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
2. Global multi-trip flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
3. Global flexitanks market estimates and forecasts, in foodstuffs, 2017 - 2028 (Units) (USD Thousand)
4. Global flexitanks market estimates and forecasts, in wine & spirits, 2017 - 2028 (Units) (USD Thousand)
5. Global flexitanks market estimates and forecasts, in chemicals, 2017 - 2028 (Units) (USD Thousand)
6. Global flexitanks market estimates and forecasts, in oils, 2017 - 2028 (Units) (USD Thousand)
7. Global flexitanks market estimates and forecasts, in industrial products, 2017 - 2028 (Units) (USD Thousand)
8. Global flexitanks market estimates and forecasts, in pharmaceutical goods, 2017 - 2028 (Units) (USD Thousand)
9. North America flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
10. North America flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
11. North America flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
12. North America flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
13. North America flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
14. U.S. flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
15. U.S. flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
16. U.S. flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
17. U.S. flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
18. U.S. flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
19. Europe flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
20. Europe flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
21. Europe flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
22. Europe flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
23. Europe flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
24. Germany flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
25. Germany flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
26. Germany flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
27. Germany flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
28. Germany flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
29. France flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
30. France flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
31. France flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
32. France flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
33. France flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
34. U.K. flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
35. U.K. flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
36. U.K. flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
37. U.K. flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
38. U.K. flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
39. Belgium flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
40. Belgium flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
41. Belgium flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
42. Belgium flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
43. Belgium flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
44. Netherlands flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
45. Netherlands flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
46. Netherlands flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
47. Netherlands flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
48. Netherlands flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
49. Asia Pacific flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
50. Asia Pacific flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
51. Asia Pacific flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
52. Asia Pacific flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
53. Asia Pacific flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
54. China flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
55. China flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
56. China flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
57. China flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
58. China flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
59. India flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
60. India flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
61. India flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
62. India flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
63. India flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
64. Singapore flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
65. Singapore flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
66. Singapore flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
67. Singapore flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
68. Singapore flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
69. Central & South America flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
70. Central & South America flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
71. Central & South America flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
72. Central & South America flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
73. Central & South America flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
74. Brazil flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
75. Brazil flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
76. Brazil flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
77. Brazil flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
78. Brazil flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
79. Middle East & Africa flexitanks market estimates and forecasts, 2017 - 2028 (Units) (USD Thousand)
80. Middle East & Africa flexitanks market estimates and forecasts, by product, 2017 - 2028 (Units)
81. Middle East & Africa flexitanks market estimates and forecasts, by product, 2017 - 2028 (USD Thousand)
82. Middle East & Africa flexitanks market estimates and forecasts, by application, 2017 - 2028 (Units)
83. Middle East & Africa flexitanks market estimates and forecasts, by application, 2017 - 2028 (USD Thousand)
List of Figures
1. Flexitanks market - Market segmentation & scope
2. Information procurement
3. Primary research pattern
4. Primary research process
5. Primary research approaches
6. Flexitanks market - Market snapshot
7. Flexitanks market - Penetration & growth prospect mapping
8. Flexitanks market - Industry value chain analysis
9. Flexitanks market - Market dynamics
10. Market driver impact analysis
11. Market restraint impact analysis
12. Flexitanks market: Product movement analysis, 2020 & 2028
13. Flexitanks market: Application movement analysis, 2020 & 2028
14. Flexitanks market: Regional snapshot, 2020 & 2028
15. Flexitanks market: Regional movement analysis, 2020 & 2028
16. Company market positioning
17. Company dashboard analysis

Companies Mentioned

  • 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

Methodology

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Table Information

Report AttributeDetails
No. of Pages113
PublishedSeptember 2021
Forecast Period2020 - 2028
Estimated Market Value ( USD ) in 2020 $ 0.72 Billion
Forecasted Market Value ( USD ) by 2028 $ 3.31 Billion
Compound Annual Growth Rate21.0%
Regions CoveredGlobal
No. of Companies Mentioned15

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