Flexitank Market Size Report, Industry Share, Analysis, Growth, 2032

Global c Insights

According to Zion Market Research, the global Flexitank Market was worth USD 1.09 Billion in 2023. The market is forecast to reach USD 5.33 Billion by 2032, growing at a compound annual growth rate (CAGR) of 19.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Flexitank industry over the next decade.

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Introduction

Flexitank was developed by the U.S defense & military sector for storing as well as transporting diesel & water in 1960. Furthermore, Flexitank is a bulk liquid storage facility and is made up of many polyethylene layers. These products are immensely utilized for transport of food items like edible oil, beverages, fruit concentrates, and harmless chemicals. The ability of Flexitank to offer protection against contamination will steer its demand across the globe.

Moreover, Flexitank is the container or a good that can be boxed and then shipped. In addition to this, Flexitank are designed to maintain the value & quality of the product during the transportation.

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Market Growth Dynamics

Rise in the business of exporting beverages across the globe has provided impetus to the growth of Flexitank market over the forthcoming years. Moreover, the products are cost-efficient in comparison to ISO certified drums & tanks and hence firms consider use of Flexitank as best option for reducing transport costs. This, in turn, will elevate the business growth over the forecast timeline. In addition to this, no repositioning prices and reduction in loading costs are few of the key aspects that will make Flexitank preferable over other containers for storing bulk liquids for transport, thereby bolstering market trends.

Moreover, growing customer awareness pertaining to benefits offered by Flexitank will proliferate the market expansion over the forthcoming years. In addition to this, inflating oil & food items demand across the world will impel the business sphere over the next couple of years. Rise in the green logistics practices due to government strict laws as a result of growing environmental concerns will define the growth of Flexitank market over the forecast period.

Global Flexitank Market: Segmentation

The study provides a decisive view of the flexitank market by segmenting the market based on by type, by loading type, by application and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By Type segment analysis includes monolayer, multilayer.

By loading type segment analysis includes top loading, bottom loading.

By application segment analysis includes food-grade liquids, non-hazardous chemicals/liquids, pharmaceutical liquids.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Flexitank Market: Report Scope

Asia Pacific To Make Lucrative Contributions Towards Overall Market Share By 2032

The expansion of Flexitank business in Asia Pacific during the timespan from 2024 to 2032 is owing to swift industrialization & export of goods from nations like Vietnam, Thailand, Indonesia, China, India, and Malaysia to other countries. In addition to this, Asia Pacific zone is the key hub for industrial products & chemical production apart from being the hub for exporting goods. This will further steer the expansion of market over the forecast timeline.

Global Flexitank Market: Competitive Players

Key players profiled in the report include-

• Bulk Liquid Solutions
• Environmental Packaging Technologies
• Braid Logistics
• SIA Flexitanks
• Trans Ocean Bulk Logistics

Flexitank Market: Segmentation

The global Flexitank market is segmented as follows:

By Type:

• Monolayer
• Multilayer

By Loading Type:

• Top Loading
• Bottom Loading

By Application

• Food-Grade Liquids
• Non-Hazardous Chemicals/Liquids
• Pharmaceutical Liquids

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa