Global Flexitank Market Size & Outlook, 2024-2030
Global flexitank market, 2018-2030 (US$M)
Related Markets
Global flexitank market highlights
- The global flexitank market generated a revenue of USD 958.3 million in 2022 and is expected to reach USD 1,274.9 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 3.6% by 2030.
- In terms of segment, single trip accounted for a revenue of USD 891.0 million in 2022.
- Multi Trip is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 958.3 million |
| Market revenue in 2030 | USD 1,274.9 million |
| Growth rate | 3.6% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Multi Trip |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Trip, Multi Trip |
Other key industry trends
- In terms of revenue, the North America accounted for 19.2% of the global flexitank market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 5.5 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global flexitank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flexitank market will help companies and investors design strategic landscapes.
Single trip was the largest segment with a revenue share of 92.98% in 2024. Horizon Databook has segmented the Global flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
An uneven production and consumption rate over different geographical areas creates the need for commodity trade. The huge growth of international trade over the preceding several decades has been a major cause of globalization.
Commodity trade has increased notably in the recent past on account of globalization and increased availability of advanced means of transport. Sophisticated means of commodity transport help increase efficiency as well as drastically cut down transportation costs. Bulk transportation considerably reduces carrying costs.
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Target buyers of Global flexitank market databook
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Our clientele includes a mix of flexitank market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global flexitank market , including forecasts for subscribers. This global databook contains high-level insights into Global flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global flexitank market size, by regions, 2018-2030 (US$M)
Top 10 countries: Flexitank market size, 2024 (US$M)
Global flexitank market share, by type, 2024 & 2030 (%, US$M)
Flexitank market: Opportunity assessment by country
Global flexitank market, by region, 2024 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 102.0 | 120.3 | 136.2 | 160.7 | 183.8 | 213.8 | 255.8 | 307.2 | 371.2 | 451.8 | 551.7 | 678.8 | 838.6 | 21.9% |
| Europe | 145.5 | 172.3 | 196.1 | 231.8 | 266.4 | 312.4 | 375.7 | 454.5 | 553.9 | 679.1 | 837.1 | 1,037.1 | 1,290.6 | 22.8% |
| Asia Pacific | 221.9 | 266.4 | 308.0 | 370.0 | 431.6 | 513.7 | 627.0 | 770.4 | 952.7 | 1,185.7 | 1,483.7 | 1,866.4 | 2,358.5 | 24.7% |
| Latin America | 25.8 | 29.5 | 32.5 | 37.1 | 41.2 | 46.6 | 54.1 | 63.0 | 73.8 | 87.1 | 103.3 | 123.2 | 147.6 | 18.2% |
| MEA | 23.3 | 26.5 | 28.6 | 32.5 | 35.4 | 39.3 | 44.8 | 51.6 | 59.8 | 69.5 | 81.2 | 95.5 | 112.7 | 16.6% |
| Overall | 518.6 | 615.0 | 701.2 | 832.1 | 958.3 | 1,125.9 | 1,357.3 | 1,646.6 | 2,011.4 | 2,473.2 | 3,057.0 | 3,801.0 | 4,748.1 | 23.2% |
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