Written by Nitin Sharma » Updated on: January 03rd, 2025
IMARC Group has recently released a new research study titled “Flexitanks Market Report by Product (Single-Trip, Multi-Trip), Application (Food, Wine & Spirits, Chemicals, Oils, Pharmaceutical Goods, and Others), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
The global flexitanks market size reached USD 1,255.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 4,576.2 Million by 2033, exhibiting a growth rate (CAGR) of 14.68% during 2025-2033.
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Flexitanks Market Trends
The flexitanks market is poised for growth due to key trends. Firstly, there's a rising need for bulk liquid transport. This pushes the adoption of flexitanks for their efficiency and cost-effectiveness. Secondly, the food and beverage sector is increasingly using flexitanks for food-grade liquids. This move aligns with its focus on safety and quality. As we near 2025, the importance of regulatory compliance and environmental concerns is growing. Companies are now seeking sustainable logistics solutions. These trends show the flexitanks market is evolving. It highlights its role in improving supply chain efficiency and tackling modern transportation challenges.
Market Dynamics of the Flexitanks Market
Growing Demand for Bulk Liquid Transportation
The flexitanks market is growing due to the rising need for transporting bulk liquids. Flexitanks are flexible containers for non-hazardous liquids. They offer a cost-effective way to ship oils, chemicals, and food. As global trade expands, the demand for affordable and reliable transport increases. Flexitanks are cheaper, greener, and can use standard containers. This trend is strong in emerging markets, driven by industrial growth and urbanization. These markets need better supply chains.
So, the demand for flexitanks will rise, pushing manufacturers to innovate and improve their products.
Increasing Adoption in the Food and Beverage Sector
The flexitank market is growing, especially in the food and beverage sector. There's a rising need for transporting food-grade liquids like juices, wines, and oils. Companies are looking for safe and efficient shipping. Flexitanks meet strict food safety standards, ensuring liquid quality during transport. Their lightweight and flexible design allows for more cargo than traditional tankers. This is key for food manufacturers aiming to improve logistics. As consumers seek sustainable packaging, flexitanks fit the bill. They reduce waste and lower transportation's carbon footprint. Hence, the food and beverage industry's acceptance of flexitanks is boosting demand.
Regulatory Compliance and Environmental Considerations
The flexitanks market is growing due to stricter regulations and a focus on the environment. Governments are tightening rules for liquid transport. Manufacturers must now meet specific safety and environmental standards. Flexitanks are popular because they reduce spills and leaks, lowering environmental risks.
Moreover, the push for sustainability is strong. Companies are moving towards eco-friendly practices. Flexitanks help by cutting down on single-use packaging and waste. As businesses aim to meet regulations and improve sustainability, the demand for flexitanks will rise. This, in turn, will boost investment in research and development to enhance performance and ensure compliance.
Flexitanks Market Report Segmentation:
Breakup By Product:
• Single-Trip
• Multi-Trip
Single trip flexitanks represented the largest segment due to their cost-effectiveness, convenience, and elimination of cleaning and return logistics, making them highly preferred for bulk liquid transport.
Breakup By Application:
• Food
• Wine & Spirits
• Chemicals
• Oils
• Pharmaceutical Goods
• Others
Food applications dominate the market as flexitanks provide an efficient, contamination-free solution for transporting edible liquids like oils, juices, and wine, adhering to stringent food safety standards.
Breakup By Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
Asia Pacific was the largest market driven by the region's booming trade activities, strong manufacturing base, and growing demand for bulk liquid transportation in food and chemicals industries.
Top Flexitanks Market Leaders:
The flexitanks market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
• Braid Logistics UK
• Bulk Liquid Solutions (P) Ltd
• Büscherhoff Packaging Solutions GmbH
• Full-Pak
• Hengxin Plastic Co. Ltd.
• JF Hillebrand GROUP AG
• MY FlexiTank Industries Sdn Bhd
• SIA Flexitanks Ltd.
• TRUST Flexitanks SL
• Yunjet Plastic Packaging
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=report&id=3737&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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