Flexitank Market

Global Flexitank Market Size, Trends & Analysis - Forecasts to 2026 By Container Liner (Polypropylene, Polyethylene, HDPE, LDPE, EVOH), By Container Type (Single-Trip, Multi-Trip), By Application (Food & Beverages, Pharmaceuticals, Chemical & Oil, Industrial Products), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Flexitank Market Insights

The global flexitank market was estimated at over USD 475.1 Million in 2019 and is projected to witness around 13.3% CAGR from 2021 to 2026, with North America leading the market. The increasing need to reduce the shipment cost and attain maximum profitability are the key success factors to fuel industry growth. These bulk liquid containers are easy to load & unload and also capable to contain more weight than conventional IBCs. Another factor is their disposability, which makes it easier for the supplier to manage the transportation as there will be no return of empty tanks.

global flexitank market

Flexitank Market: By Container Liner

Polypropylene, polyethylene, HDPE, LDPE, and EVOH are major identified container liners in the industry. The majority of the containers are a combination of polypropylene and polyethylene which makes the leading container liner material together accounting for more than 65% of the revenue share. However, with the new advancement to enhance the liner quality various protective films are being added to the container. These advanced films are made up of EVOH, HDPE, and LDPE materials. HDPE-based container liners are projected to observe over 14% of the growth during the forecast period.

Flexitank Market: By Container Type

By container type, the industry is divided into single-trip and multi-trip. The single-trip container dominated the market due to its early adoption and traditional material and technology. These containers are environmentally friendly and can be easily disposed of. As of now the single-trip container accounted for more than 90% of the shipments container. These containers reduce the overall cost due to their light weightiness and no returning cost. However, with the new technology and material advancement, various companies are investing in non-disposable containers which can be used multiple times. The multi-trip container will witness over 15% CAGR up to 2026.

Flexitank Market: By Application

By application, the industry is categorized into food & beverages, pharmaceuticals, chemical & oils, and industrial products. The food & beverages application dominated the market and held responsible for more than 48% of the revenue share in 2019. Greater compatibility to transport, low operating cost, and higher suitability for products such as wine, fruit juices, and concentrates are the key success factors to drive penetration in this segment.

Chemical & oils are expected to foresee the highest gain up to 2026. Changing shipment packaging dynamics along with the availability of more reliable liner films will induce the demand. Also, the ability to protect the products such as base oil, crude oil, and other bulk liquids from adulteration and contamination will support the adoption in this segment.

asia pacific flexitank market

Flexitank Market: By Region

North America dominated the overall regional revenue and accounted for more than 35% of the share in 2019. Heavy exportation shipments from the U.S. and Mexico along with the increasing necessity to reduce the shipment cost are the major factors to drive demand in this region. Canada is also expected to witness high gains in the coming years due to its increasing exportation of canola oil internationally. The country is among the leading nations exporting canola oil.

The European market is highly influenced by the heavy exportation of wine, olive oil, and salmon oil. Spain, Italy, and Germany are among the key exporting countries in the region due to their high volume shipment of wine, crude oil, and vegetable oil. Large scale production capacity along with the increasing necessity to expand exporting business is among the major factors to induce regional demand.

The Asia Pacific Market will observe the fastest growth of over 14% from 2021 to 2026. China, Australia, Malaysia, and India are estimated to be the leading countries in terms of shipment. These countries are involved in the high amount of shipment of bulk liquids. Propylene glycol, whitening agent, coconut oil, crude oil, groundnut oil, sesame oil, and palm oil were the major contributing commodities in the region.

Flexitank Company Market Share and Competitor Analysis

The global industry share is fragmented in nature due to the presence of numerous players across the globe. The product is easy to manufacture and requires comparatively less raw material cost. The maximum production output is focused in China. The country is the largest exporter of Flexitank and liners across the globe. Most of the production facilities are set up in China due to less cost and favorable regulatory scenario. International companies have their manufacturing units in China and India.

Plastika Kritis SA, Environmental Packaging Technologies Inc, CLA Holdings Pte Ltd, Trans Ocean Bulk Logistics Ltd. (Hillebrand), Mak & Williams Flexitank Supply Limited, My Flexitank Industries Sdn. Bhd, SIA Flexitanks LTD, Globalliners B.V, Nier Systems Inc, United Bags Inc, LAF Packaging Co. Ltd, DAJIE Packaging Co., Ltd, Shandong Shouguang Jianyuanchun Co., Ltd, Bulk Liquid Transport (BLT), Braid Logistics U.K. Ltd, Bulk Liquid Solutions Pvt. Ltd, Büscherhoff Packaging Solutions GmbH, Zhongrun Plastic Products Co., Ltd, Full-Pak, Rishi FIBC Solutions Pvt. Ltd, KriCon Group BV, Yunjet Plastics Packaging, and TRUST Flexitanks are among the major identified industry providers.

Please note: This is not an exhaustive list of companies profiled in the report.

Forward and backward integration across the value chain with advanced material product offerings were the prime strategies witnessed in the previous years. Companies are investing in new films to enhance the liner performance.

Chapter 1 Methodology

1.1 Market scope & definitions

1.2 Estimates & forecast calculation

1.3 Historical data overview and validation

1.4 Data sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Flexitank industry overview, 2019-2026

2.1.1 Industry overview

2.1.2 Container liner overview

2.1.3 Container type overview

2.1.4 Application overview

2.1.5 Regional overview

Chapter 3 Flexitank Market Trends

3.1 Market segmentation

3.2 Industry background, 2019-2026

3.3 Market key trends

3.3.1 Positive trends

3.3.2 Industry challenges

3.4 Prospective growth scenario

3.5 COVID-19 influence over industry growth

3.6 Porter’s analysis

3.7 PESTEL analysis

3.8 Value chain & supply chain analysis

3.9 Regulatory framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Flexitank shipment data, 2020

3.11 Market share analysis, 2020

3.11.1 Company positioning overview, 2020

Chapter 4 Flexitank Market, By Container Liner

4.1 Container Liner Outlook

4.2 Polypropylene

4.2.1 Market size, by region, 2019-2026 (USD Million)

4.3 Polyethylene

4.3.1 Market size, by region, 2019-2026 (USD Million)

4.4 HDPE

4.4.1 Market size, by region, 2019-2026 (USD Million)

4.5 LDPE

4.5.1 Market size, by region, 2019-2026 (USD Million)

4.6 EVOH

4.6.1 Market size, by region, 2019-2026 (USD Million)

4.7 Others

4.7.1 Market size, by region, 2019-2026 (USD Million)

Chapter 5 Flexitank Market, By Container Type

5.1 Container Type Outlook

5.2 Single-trip

5.2.1 Market size, by region, 2019-2026 (USD Million)

5.3 Multi-trip

5.3.1 Market size, by region, 2019-2026 (USD Million)

Chapter 6 Digital Infrastructure Market, By Application

6.1 Application Outlook

6.2 Food & Beverages

6.2.1 Market size, by region, 2019-2026 (USD Million)

6.3 Pharmaceuticals

6.3.1 Market size, by region, 2019-2026 (USD Million)

6.4 Chemical & Oil

6.4.1 Market size, by region, 2019-2026 (USD Million)

6.5 Industrial Products

6.5.1 Market size, by region, 2019-2026 (USD Million)

6.6 Others

6.6.1 Market size, by region, 2019-2026 (USD Million)

Chapter 7 Digital Infrastructure Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market size, by country 2019-2026 (USD Million)

7.2.2 Market size, by container liner, 2019-2026 (USD Million)

7.2.3 Market size, by container type, 2019-2026 (USD Million)

7.2.4 Market size, by application, 2019-2026 (USD Million)

7.2.5 U.S.

7.2.5.1 Market size, by container liner, 2019-2026 (USD Million)

7.2.5.2 Market size, by container type, 2019-2026 (USD Million)

7.2.5.3 Market size, by application, 2019-2026 (USD Million)

7.2.6 Canada

7.2.6.1 Market size, by container liner, 2019-2026 (USD Million)

7.2.6.2 Market size, by container type, 2019-2026 (USD Million)

7.2.6.3 Market size, by application, 2019-2026 (USD Million)

7.2.7 Mexico

7.2.7.1 Market size, by container liner, 2019-2026 (USD Million)

7.2.7.2 Market size, by container type, 2019-2026 (USD Million)

7.2.7.3 Market size, by application, 2019-2026 (USD Million)

7.3 Europe

7.3.1 Market size, by country 2019-2026 (USD Million)

7.3.2 Market size, by container liner, 2019-2026 (USD Million)

7.3.3 Market size, by container type, 2019-2026 (USD Million)

7.3.4 Market size, by application, 2019-2026 (USD Million)

7.3.5 Germany

7.2.5.1 Market size, by container liner, 2019-2026 (USD Million)

7.2.5.2 Market size, by container type, 2019-2026 (USD Million)

7.2.5.3 Market size, by application, 2019-2026 (USD Million)

7.3.6 Spain

7.3.6.1 Market size, by container liner, 2019-2026 (USD Million)

7.3.6.2 Market size, by container type, 2019-2026 (USD Million)

7.3.6.3 Market size, by application, 2019-2026 (USD Million)

7.3.7 France

7.3.7.1 Market size, by container liner, 2019-2026 (USD Million)

7.3.7.2 Market size, by container type, 2019-2026 (USD Million)

7.3.7.3 Market size, by application, 2019-2026 (USD Million)

7.3.8 Italy

7.3.8.1 Market size, by container liner, 2019-2026 (USD Million)

7.3.8.2 Market size, by container type, 2019-2026 (USD Million)

7.3.8.3 Market size, by application, 2019-2026 (USD Million)

7.4 Asia Pacific

7.4.1 Market size, by country 2019-2026 (USD Million)

7.4.2 Market size, by container liner, 2019-2026 (USD Million)

7.4.3 Market size, by container type, 2019-2026 (USD Million)

7.4.4 Market size, by application, 2019-2026 (USD Million)

7.4.5 China

7.4.5.1 Market size, by container liner, 2019-2026 (USD Million)

7.4.5.2 Market size, by container type, 2019-2026 (USD Million)

7.4.5.3 Market size, by application, 2019-2026 (USD Million)

7.4.6 India

7.4.6.1 Market size, by container liner, 2019-2026 (USD Million)

7.4.6.2 Market size, by container type, 2019-2026 (USD Million)

7.4.6.3 Market size, by application, 2019-2026 (USD Million)

7.4.7 Malaysia

7.4.7.1 Market size, by container liner, 2019-2026 (USD Million)

7.4.7.2 Market size, by container type, 2019-2026 (USD Million)

7.4.7.3 Market size, by application, 2019-2026 (USD Million)

7.4.8 Australia

7.4.8.1 Market size, by container liner, 2019-2026 (USD Million)

7.4.8.2 Market size, by container type, 2019-2026 (USD Million)

7.4.8.3 Market size, by application, 2019-2026 (USD Million)

7.4.9 South Korea

7.4.9.1 Market size, by container liner, 2019-2026 (USD Million)

7.4.9.2 Market size, by container type, 2019-2026 (USD Million)

7.4.9.3 Market size, by application, 2019-2026 (USD Million)

7.5 Central & South America

7.5.1 Market size, by country 2019-2026 (USD Million)

7.5.2 Market size, by container liner, 2019-2026 (USD Million)

7.5.3 Market size, by container type, 2019-2026 (USD Million)

7.5.4 Market size, by application, 2019-2026 (USD Million)

7.5.5 Brazil

7.5.5.1 Market size, by container liner, 2019-2026 (USD Million)

7.5.5.2 Market size, by container type, 2019-2026 (USD Million)

7.5.5.3 Market size, by application, 2019-2026 (USD Million)

7.5.6 Argentina

7.5.6.1 Market size, by container liner, 2019-2026 (USD Million)

7.5.6.2 Market size, by container type, 2019-2026 (USD Million)

7.5.6.3 Market size, by application, 2019-2026 (USD Million)

7.6 MEA

7.6.1 Market size, by country 2019-2026 (USD Million)

7.6.2 Market size, by container liner, 2019-2026 (USD Million)

7.6.3 Market size, by container type, 2019-2026 (USD Million)

7.6.4 Market size, by application, 2019-2026 (USD Million)

7.6.5 Saudi Arabia

7.6.5.1 Market size, by container liner, 2019-2026 (USD Million)

7.6.5.2 Market size, by container type, 2019-2026 (USD Million)

7.6.5.3 Market size, by application, 2019-2026 (USD Million)

7.6.6 UAE

7.6.6.1 Market size, by container liner, 2019-2026 (USD Million)

7.6.6.2 Market size, by container type, 2019-2026 (USD Million)

7.6.6.3 Market size, by application, 2019-2026 (USD Million)

7.6.7 South Africa

7.6.7.1 Market size, by container liner, 2019-2026 (USD Million)

7.6.7.2 Market size, by container type, 2019-2026 (USD Million)

7.6.7.3 Market size, by application, 2019-2026 (USD Million)

Chapter 8 Company Landscape

8.1 Competitive analysis, 2020

8.2 Plastika Kritis SA

8.2.1 Company overview

8.2.2 Financial analysis

8.2.3 Strategic positioning

8.2.4 Info graphic analysis

8.3 CLA Holdings Pte Ltd

8.3.1 Company overview

8.3.2 Financial analysis

8.3.3 Strategic positioning

8.3.4 Info graphic analysis

8.4 FLEXI-LINER Corporation

8.4.1 Company overview

8.4.2 Financial analysis

8.4.3 Strategic positioning

8.4.4 Info graphic analysis

8.5 SIA Flexitanks LTD

8.5.1 Company overview

8.5.2 Financial analysis

8.5.3 Strategic positioning

8.5.4 Info graphic analysis

8.6 Environmental Packaging Technologies Inc

8.6.1 Company overview

8.6.2 Financial analysis

8.6.3 Strategic positioning

8.6.4 Info graphic analysis

8.7 Trans Ocean Bulk Logistics Ltd. (Hillebrand)

8.7.1 Company overview

8.7.2 Financial analysis

8.7.3 Strategic positioning

8.7.4 Info graphic analysis

8.8 Mak & Williams Flexitank Supply Limited

8.8.1 Company overview

8.8.2 Financial analysis

8.8.3 Strategic positioning

8.8.4 Info graphic analysis

8.9 My Flexitank Industries Sdn. Bhd

8.9.1 Company overview

8.9.2 Financial analysis

8.9.3 Strategic positioning

8.9.4 Info graphic analysis

8.10 Globalliners B.V

8.10.1 Company overview

8.10.2 Financial analysis

8.10.3 Strategic positioning

8.10.4 Info graphic analysis

8.11 Nier Systems Inc

8.11.1 Company overview

8.11.2 Financial analysis

8.11.3 Strategic positioning

8.11.4 Info graphic analysis

8.12 United Bags Inc

8.12.1 Company overview

8.12.2 Financial analysis

8.12.3 Strategic positioning

8.12.4 Info graphic analysis

8.13 LAF Packaging Co. Ltd.

8.13.1 Company overview

8.13.2 Financial analysis

8.13.3 Strategic positioning

8.13.4 Info graphic analysis

8.14 DAJIE Packaging Co., Ltd

8.14.1 Company overview

8.14.2 Financial analysis

8.14.3 Strategic positioning

8.14.4 Info graphic analysis

8.15 SHANDONG SHOUGUANG JIANYUANCHUN CO., LTD

8.15.1 Company overview

8.15.2 Financial analysis

8.15.3 Strategic positioning

8.15.4 Info graphic analysis

8.16 Zhongrun Plastic Products Co., Ltd

8.16.1 Company overview

8.16.2 Financial analysis

8.16.3 Strategic positioning

8.16.4 Info graphic analysis

8.17 BULK LIQUID TRANSPORT (BLT)

8.17.1 Company overview

8.17.2 Financial analysis

8.17.3 Strategic positioning

8.17.4 Info graphic analysis

8.18 Braid Logistics U.K. Ltd

8.18.1 Company overview

8.18.2 Financial analysis

8.18.3 Strategic positioning

8.18.4 Info graphic analysis

8.19 Bulk Liquid Solutions Pvt. Ltd

8.19.1 Company overview

8.19.2 Financial analysis

8.19.3 Strategic positioning

8.19.4 Info graphic analysis

The Global Flexitank Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Flexitank Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global flexitank market?

The global flexitank market size was estimated at over USD 475.1 Million in 2019 and is projected to witness around 13.3% CAGR during the forecast period.

Who are the major vendors in the flexitank market?

Key and innovative vendors in the flexitank market include Plastika Kritis SA, Environmental Packaging Technologies Inc, CLA Holdings Pte Ltd, Trans Ocean Bulk Logistics Ltd. (Hillebrand), Mak & Williams Flexitank Supply Limited, My Flexitank Industries Sdn. Bhd, SIA Flexitanks LTD, Globalliners B.V, Nier Systems Inc, United Bags Inc, LAF Packaging Co. Ltd, DAJIE Packaging Co., Ltd, Shandong Shouguang Jianyuanchun Co., Ltd, Bulk Liquid Transport (BLT), Braid Logistics U.K. Ltd, Bulk Liquid Solutions Pvt. Ltd, Büscherhoff Packaging Solutions GmbH, Zhongrun Plastic Products Co., Ltd, Full-Pak, Rishi FIBC Solutions Pvt. Ltd, KriCon Group BV, Yunjet Plastics Packaging, and TRUST Flexitanks.

Which region has the highest market share in the flexitank market?

North America is estimated to hold the highest market share in the flexitank market.

What is the Covid-19 impact on future flexitank manufacturers?

Globally, Covid-19 impact on the future flexitank market will be quite significant for the manufacturers. North America would be leading because of the growing exportation shipments from the U.S. and Mexico along with the increasing necessity to reduce the shipment cost. Subsequently, the Asia Pacific market will be growing the fastest because of the soaring amount of shipment of bulk liquids.

What are the major drivers in the flexitank market?

The major driving factors for the flexitank market include the increasing need to reduce the shipment cost and attain maximum profitability; features like easy to load & unload and enhanced disposability.