According to Fortune Business Insights, The global flexitank market was valued at USD 268.62 million in 2024 and is expected to expand to USD 644.69 million by 2032, growing at a CAGR of 11.63% during the forecast period. In 2024, Asia Pacific held the largest share of the market, accounting for 42.26%. The U.S. flexitank market is anticipated to witness substantial growth, reaching approximately USD 419.71 million by 2032, fueled by rising demand for food-grade oils, chemicals, and beverages, especially across the food & beverage, chemical, and pharmaceutical sectors.
The increasing investment in the development of sustainable products associated with the manufacturing of flexitank will aid the growth of the market in the coming years. The increasing number of regulatory approvals for transport and distribution networks will bode well for the market. According to a report published by Fortune Business Insights, titled “Flexitank Market Size, Share & Industry Analysis, By Reusability (Single Use and Reusable), By Product (Monolayer and Multilayer), By Loading Type (Top Loading and Bottom Loading), By Application (Food-Grade Liquids [Alcoholic Beverages; Edible Oils; Juices, Concentrates, and Syrups; and Others], Non-Hazardous Liquid Chemicals, and Pharmaceutical Liquids), and Regional Forecast, 2025-2032."
Flexitank is a lightweight disposable bladder that is normally made out of plastic. The product is normally used for shipping of non-hazardous liquid materials that is transported through shipping containers. The advancements in the materials used in manufacture of flexitank will lead to a wider product adoption. The increasing applications of the product are attributable to the favorable properties of the material used in manufacturing. The stringent guidelines associated with the use of this product, set by organizations such as the Containers Owners Association (COA) will ensure safety of the product, subsequently leading to a wider product adoption across the world. The growing investment in R&D of the material associated with flexitank will contribute to the growth of the market in the coming years. Additionally, the presence of several large scale companies will emerge in favor of market growth.