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PUBLISHER: Grand View Research | PRODUCT CODE: 1405033
PUBLISHER: Grand View Research | PRODUCT CODE: 1405033
Flexitank Market Size, Share & Trends Analysis Report By Product (Single Trip, Multi-trip), By Application (Foodstuffs, Chemicals), By Region, And Segment Forecasts, 2024 - 2030
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Flexitank Market Growth & Trends:
The global flexitank market size is expected to reach USD 4.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 22.8% from 2024 to 2030. 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:
- Single-trip product segment led the market in 2023 with a revenue share of over 93.0%. The segment is estimated to retain its leading position throughout the forecast period due to low cost and wide availability of single-trip products.
- In terms of volume, the multi-trip product segment is projected to expand at a considerable CAGR over the forecast period.
- Foodstuffs application segment led the market in 2023 with a global revenue share of 28.0% owing to high demand from end-use applications, such as fruit juices, sauces, concentrates, edible oils, and bakery and confectionery products.
- Asia Pacific dominated the market in 2023 with the largest revenue share of over 45.0%, owing to the presence of two largest agricultural-producing and consuming countries, namely China and India.
Product Code: 978-1-68038-745-2
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. GVR's Internal Database
- 1.3.3. Secondary Products & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2023
- 2.2. Segmental Snapshot, 2023
- 2.3. Competitive Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Global Flexible Packaging Market Lineage Outlook
- 3.1.2. Global Flexible Intermediate Bulk Container (FIBC) Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trend Analysis
- 3.2.2. Manufacturing Trends
- 3.2.3. Profit Margin Analysis
- 3.3. Technology Framework
- 3.4. Regulatory Framework
- 3.4.1. Standard & Compliances
- 3.4.2. Safety
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenge Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Industry Analysis - Flexitanks market
- 3.6.1. Porter's Five Force Analysis
- 3.6.1.1. Bargaining Power of Supplier
- 3.6.1.2. Bargaining Power of Buyer
- 3.6.1.3. Threat of Substitution
- 3.6.1.4. Threat from New Entrant
- 3.6.1.5. Competitive Rivalry
- 3.6.2. Macroeconomic Analysis
- 3.6.2.1. Political Analysis
- 3.6.2.2. Environmental Analysis
- 3.6.2.3. Social Analysis
- 3.6.2.4. Technology Analysis
- 3.6.2.5. Economic Analysis
- 3.6.2.6. Legal Analysis
- 3.6.1. Porter's Five Force Analysis
- 3.7. Impact of Russia & Ukraine geopolitical implications on Flexitanks market
- 3.8. Impact of COVID-19 on Flexitanks market
Chapter 4. Trade Economy & Trade Statistics, 2018 - 2022
- 4.1. Top-10 Importing Countries, 2018 - 2022
- 4.2. Top-10 Exporting Countries, 2018 - 2022
- 4.3. Potential Opportunities/Future Scenario
Chapter 5. Price Trend Analysis
- 5.1. Pricing Trend analysis, by Product, 2018 - 2030 (USD/ unit)
- 5.2. Factors Affecting the Pricing Deviation
Chapter 6. Market Supplier Intelligence
- 6.1. Kraljic Matrix (Portfolio Analysis)
- 6.1.1. Non-Critical Items
- 6.1.2. Leverage Items
- 6.1.3. Bottleneck Items
- 6.1.4. Strategic Items
- 6.2. Engagement Model
- 6.3. Negotiation Strategies
- 6.4. Best Sourcing Practices
- 6.5. Vendor Selection Criteria
Chapter 7. Flexitanks market: Product Estimates & Trend Analysis
- 7.1. Definition & Scope
- 7.2. Product movement analysis & market share, 2023 & 2030
- 7.3. Single Trip
- 7.3.1. Flexitanks market, estimate and forecasts, by Single trip, 2018 - 2030 (Thousand Units) (USD Million)
- 7.4. Multi-Trips
- 7.4.1. Flexitanks market, estimate and forecasts, by multi-trips, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 8. Flexitanks market: Application Estimates & Trend Analysis
- 8.1. Definition & Scope
- 8.2. Application movement analysis & market share, 2023 & 2030
- 8.3. Food stuff
- 8.3.1. Flexitanks market, estimate and forecasts, by Food stuff, 2018 - 2030 (Thousand Units) (USD Million)
- 8.4. Wine & spirits
- 8.4.1. Flexitanks market, estimate and forecasts, by Wine & spirits, 2018 - 2030 (Thousand Units) (USD Million)
- 8.5. Chemicals
- 8.5.1. Flexitanks market, estimate and forecasts, by Chemicals, 2018 - 2030 (Thousand Units) (USD Million)
- 8.6. Oils
- 8.6.1. Flexitanks market, estimate and forecasts, by Oils, 2018 - 2030 (Thousand Units) (USD Million)
- 8.7. Industrial products
- 8.7.1. Flexitanks market, estimate and forecasts, by Industrial products, 2018 - 2030 (Thousand Units) (USD Million)
- 8.8. Pharmaceutical goods
- 8.8.1. Flexitanks market, estimate and forecasts, by Pharmaceutical goods, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 9. Flexitanks market: Regional Estimates & Trend Analysis
- 9.1. Key Takeaways
- 9.2. Regional movement analysis & market share, 2022 and 2030
- 9.3. North America
- 9.3.1. North America Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.3.1.1. U.S.
- 9.3.1.1.1. U.S. Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.3.1.2. Canada
- 9.3.1.2.1. Canada Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.3.1.3. Mexico
- 9.3.1.3.1. Mexico Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.3.1. North America Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4. Europe
- 9.4.1. Europe Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.1. Germany
- 9.4.1.1.1. Germany Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.2. UK
- 9.4.1.2.1. UK Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.3. France
- 9.4.1.3.1. France Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.4. Italy
- 9.4.1.4.1. Italy Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.5. The Netherlands
- 9.4.1.5.1. The Netherlands Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.6. Spain
- 9.4.1.6.1. Spain Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1.7. Belgium
- 9.4.1.7.1. Belgium Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.4.1. Europe Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5. Asia Pacific
- 9.5.1. Asia Pacific Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.1. China
- 9.5.1.1.1. China Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.2. India
- 9.5.1.2.1. India Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.3. Japan
- 9.5.1.3.1. Japan Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.4. Australia
- 9.5.1.4.1. Australia Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.5. Singapore
- 9.5.1.5.1. Singapore Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1.6. Malaysia
- 9.5.1.6.1. Malaysia Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.5.1. Asia Pacific Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.6. Central & South America
- 9.6.1. Central & South America Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.6.1.1. Brazil
- 9.6.1.1.1. Brazil Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.6.1.2. Argentina
- 9.6.1.2.1. Argentina Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.6.1. Central & South America Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.7. Middle East & Africa
- 9.7.1. Middle East & Africa Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.7.1.1. Saudi Arabia
- 9.7.1.1.1. Saudi Arabia Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.7.1.2. United Arab Emirates (UAE)
- 9.7.1.2.1. UAE Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.7.1.3. South Africa
- 9.7.1.3.1. South Africa Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
- 9.7.1. Middle East & Africa Flexitanks market estimates and forecasts, 2018 - 2030 (Thousand Units) (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Their Impact Analysis, by Key Market Participants
- 10.2. Key Company/Competition Categorization
- 10.3. Participant's Overview
- 10.3.1. Qingdao BLT Packing Industrial Co., Ltd. (BLT)
- 10.3.2. Braid Logistics UK Ltd.
- 10.3.3. Bulk Liquid Solutions Pvt. Ltd.
- 10.3.4. Buscherhoff Packaging Solutions GmbH
- 10.3.5. Environmental Packaging Technologies, Inc.
- 10.3.6. Full-Pak
- 10.3.7. K Tank Supply Ltd.
- 10.3.8. Mak & Williams Flexitank Supply Ltd.
- 10.3.9. MY FlexiTank (MYF)
- 10.3.10. KriCon Group BV
- 10.3.11. Qingdao LAF Packaging Co., Ltd.
- 10.3.12. SIA FLEXITANKS
- 10.3.13. Yunjet Plastics Packaging
- 10.3.14. Trans Ocean Bulk Logistics Ltd.
- 10.3.15. TRUST Flexitanks
- 10.3.16. Techno Group USA
- 10.3.17. Hillebrand Gori Group GmbH
- 10.3.18. FLUIDTAINER FLEXITANK SDN BHD (Malaysia)
- 10.3.19. Qingdao Hengxin Plastic Co. Ltd
- 10.3.20. Trust Flexitanks SL
- 10.3.21. Philton Polythene Converters Ltd
- 10.3.22. Anthente International
- 10.3.23. LSM S.A. - FLEXPACK
- 10.3.24. Kricon Group
- 10.3.25. United Accredited Company (UAC)
- 10.3.26. Transocean
- 10.3.27. Rishi FIBC Solutions Pvt Ltd.
- 10.3.28. Hinrich Industries
- 10.3.29. Shanghai Yunjet Plastic Packaging Co., Ltd
- 10.3.30. One Flexitank Industries Sdn Bhd
- 10.3.31. Infinity Bulk Logistics Sdn Bhd
- 10.3.32. Tancomed S.A.
- 10.3.33. Transolve Global
- 10.4. Financial Product
- 10.5. Product Benchmarking
- 10.6. Company Heat Map Analysis
- 10.7. Company Market Share Analysis, 2023
- 10.8. Strategy Mapping
- 10.9. Strategic Framework
- 10.9.1. Expansion
- 10.9.2. Mergers & Acquisitions
- 10.9.3. Collaborations
- 10.9.4. New Facility/Product Launches
- 10.9.5. Others
Product Code: 978-1-68038-745-2
List of Tables
- 1. Flexitanks market Revenue Estimates and Forecast, by Product, 2018 - 2030 (Thousand Units)
- 2. Flexitanks market Revenue Estimates and Forecast, by Product, 2018 - 2030 (USD Million)
- 3. Flexitanks market Revenue Estimates and Forecast, by Application, 2018 - 2030 (Thousand Units)
- 4. Flexitanks market Revenue Estimates and Forecast, by Application, 2018 - 2030 (USD Million)
- 5. Recent Developments & Their Impact Analysis, by Key Market Participants
- 6. Key companies undergoing expansions
- 7. Key companies carrying out new facility/product launches
- 8. Key companies undertaking others
List of Figures
- 1. Flexitanks market Segmentation
- 2. Information Procurement
- 3. Primary Research Pattern
- 4. Primary Research Process
- 5. Market research approaches - Bottom-up Approach
- 6. Market research approaches - Top-down Approach
- 7. Market research approaches - Combined Approach
8. Global Flexitanks market - Market Outlook (USD Million)
9. Global Flexitanks market - Segment Outlook (USD Million)
10. Global Flexitanks market - Competitive Outlook (USD Million)
- 11. Flexitanks market, 2023 (USD Million)
- 12. Flexitanks market - Value Chain Analysis
- 13. Flexitanks market - Market Dynamics
- 14. Flexitanks market - Porter's Five Force Analysis
- 15. Flexitanks market - Microeconomic Analysis
- 16. Flexitanks market, by Product: Key Takeaways
- 17. Flexitanks market, by Product: Market Share by Volume, 2023 & 2030
- 18. Flexitanks market, by Product: Market Share by Value, 2023 & 2030
- 19. Flexitanks market, by Application: Key Takeaways
- 20. Flexitanks market, by Application: Market Share by Volume, 2023 & 2030
- 21. Flexitanks market, by Application: Market Share by Value, 2023 & 2030
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