Report ID : AMR1004186 | Industries : | Published On :December 2023 | Page Count : 243
Global Flexitank Market Size, Trends & Growth Opportunity, By Product (Monolayer, Bi-layer, Multilayer), By Type (Single Use, Reusable), By Material (Polyethylene, Polypropylene, Others), By Application (Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Flexitank Market
The Flexitank Market was valued at USD 1.54 Billion in 2022 and is expected to expand to USD 5.82 Billion in 2030 at a CAGR of 18.07% during the forecast period 2023- 2030.
Market Overview
Flexitanks, also called flexibags, are frequently used to carry goods across international borders, including juices, wines, non-hazardous chemicals, and other commodities. They are composed of many layers of polyethylene and an outer layer of woven polypropylene. They are helpful for transporting large amounts of goods and have a variety of uses, including the transportation of industrial, agricultural, food-grade, and non-hazardous liquids.
Market Drivers
Rising global trade as well as flexitanks' advantages over more conventional options like ISO containers, drums, barrels, and IBCs are expected to fuel the sector. The growing need to reduce bulk packing weight to increase freight cost effectiveness is anticipated to fuel market growth. Demand for the product is also anticipated to be driven by lower labour and logistic costs related to handling flexitanks, zero cleaning expenses because of one-time consumption, and eco-friendliness.
Market Restraints
Although some flexitanks can be reused, their lifespan is restricted when compared to other container types, such as ISO tanks. Frequent replacement may result in greater overall expenses, and care must be taken to avoid cargo contamination, particularly when different liquids are transported in the same flexitank. Cross-contamination can occur due to insufficient washing and inspection procedures between uses.
Impact of Covid-19
The COVID-19 pandemic had a severe impact on the flexitanks market, causing a drop in market growth. Because of the disease's rapid spread, governments around the world are working hard to stop it and mitigate its negative impacts. As a result, lockdowns were imposed, resulting in the shutdown of all industries and a negative influence on the fexitank market. Transportation of industrial commodities hampered due to government-imposed shutdowns aimed at enforcing social separation requirements.During the pandemic, commercial activities were halted, and no new development or research was conducted in the flexitanks market. With lockdown restrictions eased and production activities heating up, the fexitank market is projected to rise.
Market Segmentation
Global Flexitank Market is segmented into Product, Type, Material, and Application. By Product, the Global Flexitank Market is segmented into Monolayer, Bi-layer, Multilayer. By Type, Global Flexitank Market is segmented into Single Use, Reusable. By Material, Global Flexitank Market is segmented into Polyethylene, Polypropylene, Others. By Application, Global Flexitank Market is segmented into Food Grade Liquids, Non-Hazardous Chemicals, Industrial Liquids, Agricultural Liquids, Others.
Regional Analysis
Global Flexitank Market is segmented into five regions such as North America, Europe, Latin America, Asia Pacific Middle East and Africa. Asia Pacific is expected to grow at the quickest rate among local markets by region, with Europe coming in second. The demand for flexitanks from the chemicals and oils application segments has been fueled by the increasing industrial and chemical production in the UK and Germany. The need for flexitanks, a reasonably priced form of transportation, is expected to increase across all regions.
Market Key Players
Various key players are discussed in this report such as Trans Ocean Bulk Logistics, Qingdao Laf Packaging, Hengxin Plastic, Qingdao Global Flexitank Logistics, Braid Logistics, Bulk Liquid Solutions, Environmental Packaging Technologies, SIA Flexitanks, Trust Flexitanks, and Rishi FIBC.
Key Developments
• September 2019—SIA Asia, a subsidiary of SIA Flexitanks, opened new office and warehouse facilities in Malaysia, demonstrating the company's continued growth in the Asia Pacific market. The company will gain from the facilities by expanding its presence throughout Asia Pacific and offering consumers in the area effective service.
Market Taxonomy
By Product
• Monolayer
• Bi-layer
• Multilayer
By Type
• Single Use
• Reusable
By Material
• Polyethylene
• Polypropylene
• Others
By Application
• Food Grade Liquids
• Non-Hazardous Chemicals
• Industrial Liquids
• Agricultural Liquids
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Flexitank Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Flexitank Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Flexitank Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to Recent Energy Crisis
4.2.5 Cumulative Impact due to Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply & Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Flexitank Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Flexitank Market Share Analysis, By Product
5.3 Global Flexitank Market Size and Forecast, By Product
5.3.1 Monolayer
5.3.2 Bi-layer
5.3.3 Multilayer
6 Global Flexitank Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Flexitank Market Share Analysis, By Type
6.3 Global Flexitank Market Size and Forecast, By Type
6.3.1 Single Use
6.3.2 Reusable
7 Global Flexitank Market, By Material
7.1 Y-o-Y Growth Comparison, By Material
7.2 Global Flexitank Market Share Analysis, By Material
7.3 Global Flexitank Market Size and Forecast, By Material
7.3.1 Polyethylene
7.3.2 Polypropylene
7.3.3 Others
8 Global Flexitank Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Flexitank Market Share Analysis, By Application
8.3 Global Flexitank Market Size and Forecast, By Application
8.3.1 Food Grade Liquids
8.3.2 Non-Hazardous Chemicals
8.3.3 Industrial Liquids
8.3.5 Agricultural Liquids
8.3.6 Others
9 Global Flexitank Market, By Region
9.1 Global Flexitank Market Share Analysis, By Region
9.2 Global Flexitank Market Size and Forecast, By Region
9.3 Global Flexitank Market Trends and Forecast, By Region
10 North America Flexitank Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 North America Flexitank Market Size and Forecast, By Product
10.3 North America Flexitank Market Size and Forecast, By Type
10.4 North America Flexitank Market Size and Forecast, By Material
10.5 North America Flexitank Market Size and Forecast, By Application
10.6 North America Flexitank Market Size and Forecast, By Country
10.6.1 U.S.
10.6.1.1 Market Size and Forecast, By Product
10.6.1.2 Market Size and Forecast, By Type
10.6.1.3 Market Size and Forecast, By Material
10.6.1.4 Market Size and Forecast, By Application
10.6.2 Canada
10.6.2.1 Market Size and Forecast, By Product
10.6.2.2 Market Size and Forecast, By Type
10.6.2.3 Market Size and Forecast, By Material
10.6.2.4 Market Size and Forecast, By Application
10.6.3 Mexico
10.6.3.1 Market Size and Forecast, By Product
10.6.3.2 Market Size and Forecast, By Type
10.6.3.3 Market Size and Forecast, By Material
10.6.3.4 Market Size and Forecast, By Application
11 Europe Flexitank Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Europe Flexitank Market Size and Forecast, By Product
11.3 Europe Flexitank Market Size and Forecast, By Type
11.4 Europe Flexitank Market Size and Forecast, By Material
11.5 Europe Flexitank Market Size and Forecast, By Application
11.6 Europe Flexitank Market Size and Forecast, By Country
11.6.1 Germany
11.6.1.1 Market Size and Forecast, By Product
11.6.1.2 Market Size and Forecast, By Type
11.6.1.3 Market Size and Forecast, By Material
11.6.1.4 Market Size and Forecast, By Application
11.6.2 France
11.6.2.1 Market Size and Forecast, By Product
11.6.2.2 Market Size and Forecast, By Type
11.6.2.3 Market Size and Forecast, By Material
11.6.2.4 Market Size and Forecast, By Application
11.6.3 UK
11.6.3.1 Market Size and Forecast, By Product
11.6.3.2 Market Size and Forecast, By Type
11.6.3.3 Market Size and Forecast, By Material
11.6.3.4 Market Size and Forecast, By Application
11.6.4 Russia
11.6.4.1 Market Size and Forecast, By Product
11.6.4.2 Market Size and Forecast, By Type
11.6.4.3 Market Size and Forecast, By Material
11.6.4.4 Market Size and Forecast, By Application
11.6.5 Italy
11.6.5.1 Market Size and Forecast, By Product
11.6.5.2 Market Size and Forecast, By Type
11.6.5.3 Market Size and Forecast, By Material
11.6.5.4 Market Size and Forecast, By Application
11.6.6 Spain
11.6.6.1 Market Size and Forecast, By Product
11.6.6.2 Market Size and Forecast, By Type
11.6.6.3 Market Size and Forecast, By Material
11.6.6.4 Market Size and Forecast, By Application
11.6.7 Rest of Europe
11.6.7.1 Market Size and Forecast, By Product
11.6.7.2 Market Size and Forecast, By Type
11.6.7.3 Market Size and Forecast, By Material
11.6.7.4 Market Size and Forecast, By Application
12 Asia Pacific Flexitank Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Asia Pacific Flexitank Market Size and Forecast, By Product
12.3 Asia Pacific Flexitank Market Size and Forecast, By Type
12.4 Asia Pacific Flexitank Market Size and Forecast, By Material
12.5 Asia Pacific Flexitank Market Size and Forecast, By Application
12.6 Asia Pacific Flexitank Market Size and Forecast, By Country
12.6.1 China
12.6.1.1 Market Size and Forecast, By Product
12.6.1.2 Market Size and Forecast, By Type
12.6.1.3 Market Size and Forecast, By Material
12.6.1.4 Market Size and Forecast, By Application
12.6.2 Japan
12.6.2.1 Market Size and Forecast, By Product
12.6.2.2 Market Size and Forecast, By Type
12.6.2.3 Market Size and Forecast, By Material
12.6.2.4 Market Size and Forecast, By Application
12.6.3 India
12.6.3.1 Market Size and Forecast, By Product
12.6.3.2 Market Size and Forecast, By Type
12.6.3.3 Market Size and Forecast, By Material
12.6.3.4 Market Size and Forecast, By Application
12.6.4 South Korea
12.6.4.1 Market Size and Forecast, By Product
12.6.4.2 Market Size and Forecast, By Type
12.6.4.3 Market Size and Forecast, By Material
12.6.4.4 Market Size and Forecast, By Application
12.6.5 Australia
12.6.5.1 Market Size and Forecast, By Product
12.6.5.2 Market Size and Forecast, By Type
12.6.5.3 Market Size and Forecast, By Material
12.6.5.4 Market Size and Forecast, By Application
12.6.6 New Zealand
12.6.6.1 Market Size and Forecast, By Product
12.6.6.2 Market Size and Forecast, By Type
12.6.6.3 Market Size and Forecast, By Material
12.6.6.4 Market Size and Forecast, By Application
12.6.7 Singapore
12.6.7.1 Market Size and Forecast, By Product
12.6.7.2 Market Size and Forecast, By Type
12.6.7.3 Market Size and Forecast, By Material
12.6.7.4 Market Size and Forecast, By Application
12.6.8 Malaysia
12.6.8.1 Market Size and Forecast, By Product
12.6.8.2 Market Size and Forecast, By Type
12.6.8.3 Market Size and Forecast, By Material
12.6.8.4 Market Size and Forecast, By Application
12.6.9 Rest of Asia
12.6.9.1 Market Size and Forecast, By Product
12.6.9.2 Market Size and Forecast, By Type
12.6.9.3 Market Size and Forecast, By Material
12.6.9.4 Market Size and Forecast, By Application
13 Latin America Flexitank Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Latin America Flexitank Market Size and Forecast, By Product
13.3 Latin America Flexitank Market Size and Forecast, By Type
13.4 Latin America Flexitank Market Size and Forecast, By Material
13.5 Latin America Flexitank Market Size and Forecast, By Application
13.6 Latin America Flexitank Market Size and Forecast, By Country
13.6.1 Brazil
13.6.1.1 Market Size and Forecast, By Product
13.6.1.2 Market Size and Forecast, By Type
13.6.1.3 Market Size and Forecast, By Material
13.6.1.4 Market Size and Forecast, By Application
13.6.2 Argentina
13.6.2.1 Market Size and Forecast, By Product
13.6.2.2 Market Size and Forecast, By Type
13.6.2.3 Market Size and Forecast, By Material
13.6.2.4 Market Size and Forecast, By Application
13.6.3 Colombia
13.6.3.1 Market Size and Forecast, By Product
13.6.3.2 Market Size and Forecast, By Type
13.6.3.3 Market Size and Forecast, By Material
13.6.3.4 Market Size and Forecast, By Application
13.6.4 Peru
13.6.4.1 Market Size and Forecast, By Product
13.6.4.2 Market Size and Forecast, By Type
13.6.4.3 Market Size and Forecast, By Material
13.6.4.4 Market Size and Forecast, By Application
13.6.5 Chile
13.6.5.1 Market Size and Forecast, By Product
13.6.5.2 Market Size and Forecast, By Type
13.6.5.3 Market Size and Forecast, By Material
13.6.5.4 Market Size and Forecast, By Application
13.6.6 Venezuela
13.6.6.1 Market Size and Forecast, By Product
13.6.6.2 Market Size and Forecast, By Type
13.6.6.3 Market Size and Forecast, By Material
13.6.6.4 Market Size and Forecast, By Application
13.6.7 Rest of Latin America
13.6.7.1 Market Size and Forecast, By Product
13.6.7.2 Market Size and Forecast, By Type
13.6.7.3 Market Size and Forecast, By Material
13.6.7.4 Market Size and Forecast, By Application
14 Middle East Flexitank Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Middle East Flexitank Market Size and Forecast, By Product
14.3 Middle East Flexitank Market Size and Forecast, By Type
14.4 Middle East Flexitank Market Size and Forecast, By Material
14.5 Middle East Flexitank Market Size and Forecast, By Application
14.6 Middle East Flexitank Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.1.1 Market Size and Forecast, By Product
14.6.1.2 Market Size and Forecast, By Type
14.6.1.3 Market Size and Forecast, By Material
14.6.1.4 Market Size and Forecast, By Application
14.6.2 UAE
14.6.2.1 Market Size and Forecast, By Product
14.6.2.2 Market Size and Forecast, By Type
14.6.2.3 Market Size and Forecast, By Material
14.6.2.4 Market Size and Forecast, By Application
14.6.3 Egypt
14.6.3.1 Market Size and Forecast, By Product
14.6.3.2 Market Size and Forecast, By Type
14.6.3.3 Market Size and Forecast, By Material
14.6.3.4 Market Size and Forecast, By Application
14.6.4 Kuwait
14.6.4.1 Market Size and Forecast, By Product
14.6.4.2 Market Size and Forecast, By Type
14.6.4.3 Market Size and Forecast, By Material
14.6.4.4 Market Size and Forecast, By Application
14.6.5 South Africa
14.6.5.1 Market Size and Forecast, By Product
14.6.5.2 Market Size and Forecast, By Type
14.6.5.3 Market Size and Forecast, By Material
14.6.5.4 Market Size and Forecast, By Application
14.6.6 Rest of Middle East & Africa
14.6.6.1 Market Size and Forecast, By Product
14.6.6.2 Market Size and Forecast, By Type
14.6.6.3 Market Size and Forecast, By Material
14.6.6.4 Market Size and Forecast, By Application
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Trans Ocean Bulk Logistics
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Qingdao Laf Packaging
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Hengxin Plastic
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Qingdao Global Flexitank Logistics
16.4.1 Overview
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Braid Logistics
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Bulk Liquid Solutions
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Environmental Packaging Technologies
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 SIA Flexitanks
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Trust Flexitanks
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 Rishi FIBC.
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
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