Flexitanks Market Size

Flexitanks Market Size

Flexitanks Market size was worth USD 955 million in 2023 and is expected to record a CAGR of over 20.1% during 2024 and 2032, owing to strict carbon footprint laws and focus on adopting sustainable practices across the sectors. For instance, the EU has the Carbon Border Adjustment Mechanism (CBAM) that aims to prevent carbon leakage by applying a carbon price to imports of certain goods based on their carbon content.

To get key market trends

  Download Free Sample

The shift toward sustainable and eco-friendly packaging solutions has played a crucial role in driving the adoption of flexitanks. As environmental concerns intensify, businesses are seeking ways to reduce their carbon footprint and promote sustainable practices throughout their supply chain. Flexitanks, being lightweight and producing less waste compared to traditional packaging options like drums or ISO tanks, are gaining popularity across the sectors. Moreover, the product offers a significantly lower upfront cost and reduced operational expenses, making it an attractive option for businesses looking to optimize their supply chain and transportation costs. The focus among companies to maximize storage capacity and minimize handling & cleaning expenses while ensuring the safe & efficient transportation of liquids will boost the growth of flexitanks industry.