Global Flexitanks Market by Layer (Single Layer, Multi-Layer); by Application (Non-Hazardous Chemicals, Foodstuffs, Pharmaceutical Products, Industrial Products, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027

Date: Oct 2021 Report Id: 127 Category: Packaging Materials Report Format: pdf-img excel-img ppt-img word-img

The Global Flexitanks Market was valued at USD 750.23 Mn in 2020 and is expected to reach USD 2,950.43 Mn by 2027, with a growing CAGR of 21.6% during the forecast period.

Global Flexitanks Market Overview

Flexitanks are used to transfer large amount of non-hazardous liquids. The conventional method to transfer the liquid using drums or containers are more costly as compared to Flexitanks. A flexitank is a bladder intended to fit within a 20-foot common cargo container. This transforms the freight container in the form of a non-hazardous bulk liquid unit of transportation. It is also known as a ‘flexibag’.

Flexitanks Market

Global Flexitanks Market Dynamics

Increasing global trade in the pharmaceutical industry is anticipated to drive the flexitanks market growth during the forecast period. The superior capabilities provided through Flexitanks in terms of portability, non-fragility, and weight, makes them an appealing alternative for drums, barrels and others. These characteristics help to substitute drums over Flexitanks and to utilize them in pharmaceutical transport. For instance, the global trade for pharmaceuticals in 2019 reached 636 USD billion. Additionally, the use of Flexitanks in the transportation of food liquids is expected to increase the demand for Flexitanks. For instance, In 2019, EvroPac shipped thirty thousand tons of liquid cargo in Flexitanks per month.

Nevertheless, the inability to transport hazardous chemicals may hinder the market growth during the forecast period. As Flexitanks may sometimes spill. The risk of transporting hazardous chemicals may cause severe injuries or even death at times.

The Global Flexitanks Market Segmentation:

By Layer

  • Single Layer
  • Multi-Layer

By Application

  • Non-Hazardous Chemicals
  • Foodstuffs
  • Pharmaceutical Products
  • Industrial Products
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the Flexitanks Market
  • Competitive Landscape

Based on layer, the multi-layer segment held the largest market share in 2020 and is expected to grow significantly due to its high durability

Based on layer, the market has been segmented into single layer and multi-layer. The multi-layer segment in Flexitanks accounted for the largest market share in 2020 and is expected to witness tremendous growth during the forecast period as these Flexitanks contains 4 to 5 layers of polyethylene and they are highly durable compared to single layer Flexitanks. Moreover, Flexitanks are used to transport olive oil, glycerin, polyol, and others. For instance, In Spain, “Flexitank Espana” uses flexitank to transport 24000 litres of olive oil.  In 2019, Spain exported olive oil worth USD 195 billion.

Based on the application, the foodstuffs segment in the Flexitanks market accounted for the largest market share during the forecast period

Based on the application, the market has been segmented into non-hazardous chemicals, foodstuffs, pharmaceutical products & industrial products, and others. The foodstuffs segment held the largest market share during the forecast period. Global population expansion and the demand for edible oils, wines, & others are expected to drive the market growth during the forecast period. For instance, In 2019 the other vegetable oils trade accounted for 3.39 USD billion. In 2019 the top importers of Other Vegetable Oils were Myanmar $363M, United States $197M, Germany $163M, China $155M, and Netherlands $129M. The use of Flexitanks for the transportation of vegetable oils is expected to foster the market growth in the near future.

Based on region, the Asia Pacific held a significant market share during the forecast period

Based on region, the global Flexitanks market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2020, Asia Pacific held the largest market share in the Flexitanks market owing to the increase in agricultural exports. For instance, Exports of Edible Vegetable Oil (including Palm Oil) in China rose to 32.136 USD million in December from 23.512 USD million in November 2019. Moreover, the increasing demand for chemicals is expected to foster the market growth in the near future. For instance, in 2017 China’s chemical industry contributed approximately USD 1.5 trillion of sales in 2017, amounting to nearly 40% of global chemical industry revenue. The use of Flexitanks in non-hazardous chemicals transport is expected to drive the market growth during the forecast period.

The report also provides an in-depth analysis of Flexitanks market dynamics such as drivers, restraints, opportunities, and challenges


  • Economical compared to ISO tank containers/ drums
  • Increase in trade of edible oils globally
  • Fewer cross-contamination risks compared to alternatives


  • Inability to transport hazardous chemicals
  • Complex procedures related to unloading
  • Fluctuating raw material prices


  • Innovations related to Flexitanks inhibiting microbial growth in food sector


  • Disposition of single layer Flexitanks

COVID-19 Impact on the Flexitanks Market Analysis

The COVID-19 pandemic has significantly impacted many businesses across the globe which resulted in the slowdown of economies. The market was affected due to the halting of production and disruption in the supply chain across the globe. However, the logistics industry was able to quickly regain its market position as essential food products & liquids were still transported at the time of Covid-19 lockdowns. For instance, McClean is one of the largest providers of Flexitanks. According to McClean estimates 2 million Flexitanks full of wine shipped globally in 2020, a year up 25% from 1.6 million in 2019.

Note: A detailed analysis is specific to the Flexitanks market will be provided in the report.

The report also provides an in-depth analysis of key trends in the Flexitanks market

  • No quality & quantity losses compared to conventional storage equipment’s is expected to increase the demand for Flexitanks.
  • Increasing adoption of Flexitanks across the food, oils, chemical, and industrial goods dominated in Asia-Pacific.

The report also provides an in-depth analysis of recent news developments and investments

  • In May 2021, Hillerbrand acquired a majority share in Vignobl Export, a leading service provider in small quantity logistics of alcoholic beverages. The company aims to strengthen its expertise and global footprint. Additionally, they are focused on the logistics of alcoholic beverages and increasing their e-commerce activities.
  • In October 2020, Hillerbrand launched the New FlexiTank. This new patented tank ensured that any product does not separate or solidify during transportation & reaches the end-consumer by maintaining its original consistency. This innovative development takes the transportation of non-hazardous liquids to a new efficiency level, avoiding the need for any external equipment.

Company Profiles and Competitive Intelligence

The key players operating in the Flexitanks Market are:

  • Hillerbrand
  • Braid Logistics UK Ltd.
  • Trans Ocean Bulk Logistics Ltd
  • Büscherhoff Packaging Solutions GmbH
  • Environmental Packaging Technologies, Inc.
  • Full-Pak
  • Bulk Liquid Solutions Pvt. Ltd.
  • MY FlexiTank (MYF)
  • KriCon Group BV
  • Qingdao LAF Packaging Co., Ltd.
  • Yunjet Plastics Packaging
  • TRUST Flexitanks
  • K Tank Supply Ltd.
  • Mak & Williams Flexitank Supply Ltd.

Frequently Asked Questions (FAQs)

The global Flexitanks market was valued at USD 750.23 Mn in 2020 and is anticipated to reach USD 2950.43 Mn by 2027.
The Flexitanks market is estimated to grow at a compound annual growth rate (CAGR) of 21.6% during the forecast period.
The Asia Pacific is expected to hold a significant market share during the forecast period.
A few key players include, but are not limited to Hillerbrand, Braid Logistics UK Ltd, Büscherhoff Packaging Solutions GmbH, Environmental Packaging Technologies, Inc., Full-Pak, Bulk Liquid Solutions Pvt. Ltd., MY FlexiTank (MYF), KriCon Group BV, Qingdao LAF Packaging Co., Ltd., Qingdao BLT Packing Industrial Co., Ltd. (BLT), SIA FLEXITANKS, Yunjet Plastics Packaging, Trans Ocean Bulk Logistics Ltd., TRUST Flexitanks, K Tank Supply Ltd., Mak & Williams Flexitank Supply Ltd.
Inability to transport hazardous chemicals is the major restraining factor that hampers the growth of the market.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      2. R&D / Innovation
      3. Merger & Acquisition
      4. JV & Partnership
      5. Recognition and others
  6. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market Size by Layer
      1. Single Layer
      2. Multi-Layer
    3. Market Size by Application
      1. Non-Hazardous Chemicals
      2. Foodstuffs
      3. Pharmaceutical Products
      4. Industrial Products
      5. Others
  7. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  8. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  9. Regional Market Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    3. APAC
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    4. Latin America
      1. Mexico
      2. Brazil
      3. Argentina
      4. Rest of LATAM
    5. Middle East & Africa
      1. GCC
      2. Rest of MEA
  10. Company Profiles
    1.  Hillerbrand
      1. Company Fundamentals
      2. Financial Analysis (Subject to Availability)
      3. Product Portfolio
      4. SWOT Analysis
    2. Qingdao BLT Packing Industrial Co., Ltd. (BLT)
    3. Braid Logistics UK Ltd.
    4. Büscherhoff Packaging Solutions GmbH
    5. Environmental Packaging Technologies, Inc.
    6. Full-Pak
    7. Bulk Liquid Solutions Pvt. Ltd.
    8. MY FlexiTank (MYF)
    9. KriCon Group BV
    10. Qingdao LAF Packaging Co., Ltd.
    12. Yunjet Plastics Packaging
    13. Trans Ocean Bulk Logistics Ltd.
    14. TRUST Flexitanks
    15. K Tank Supply Ltd.
    16. Mak & Williams Flexitank Supply Ltd

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