U.S. Flexitank Market Size & Outlook, 2022-2030
U.S. flexitank market, 2018-2030 (US$M)
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U.S. flexitank market highlights
- The U.S. flexitank market generated a revenue of USD 145.5 million in 2022 and is expected to reach USD 656.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 20.7% from 2023 to 2030.
- In terms of segment, single trip was the largest revenue generating type in 2022.
- Single Trip is the most lucrative type segment registering the fastest growth during the forecast period.
Flexitank market data book summary
| Market revenue in 2022 | USD 145.5 million |
| Market revenue in 2030 | USD 656.1 million |
| Growth rate | 20.7% (CAGR from 2022 to 2030) |
| Largest segment | Single trip |
| Fastest growing segment | Single Trip |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single Trip, Multi Trip |
| Key market players worldwide | Star Bulk Carriers Corp, Packaging Corp of America, Ranpak Holdings Corp Ordinary Shares - Class A, HUYA Inc Class A, Kellanova Co, KION GROUP AG, Transocean Ltd, Truist Financial Corp |
Other key industry trends
- In terms of revenue, U.S. accounted for 15.2% of the global flexitank market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. flexitank market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 78.7 million by 2030.
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Flexitank Market Scope
Flexitank Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 91.13% in 2022. Horizon Databook has segmented the U.S. flexitank market based on single trip, multi trip covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is a key market for flexitanks in North America owing to the presence of large food & beverage and pharmaceutical industries coupled with strong per capita income. Further, the presence of major flexitanks manufacturers such as Environmental Packaging Technologies, Inc. and Techno Group USA, in the US, are supporting the market growth.
The demand is also gaining growth owing to the rising preference of flexitanks over the traditional shipping container for the transportation of liquid orders. Now, the U.S. shipping services companies such as InterlogUSA, prefer Flexitanks for transporting liquid cargo across the country over tradition tanks.
This is because the flexitanks provide several unique benefits which are not easily found in traditional means for moving liquids. Some of the major advantages include increased shipping capacity, the cheaper cost compared to the other bulk liquid transports, and greater availability compared to other shipping container.
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Target buyers of U.S. 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. flexitank market , including forecasts for subscribers. This country databook contains high-level insights into U.S. flexitank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. flexitank market size, by type, 2018-2030 (US$M)
U.S. Flexitank Market Outlook Share, 2022 & 2030 (US$M)
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