Market for Flexitanks Keeps Expanding
Updated: Apr 30, 2020
Logistics companies love to use Flexitanks because of their low contamination risk, flexibility, cost-efficiency and ability to utilize standard ocean containers on a per-trip basis.
These tanks are widely used today to transport wine, food additives, oils and myriad other liquid products, including detergents. As a result, Flexitanks are getting more popular and the global market for these tanks – which are made of a polyproline outer layer and polyethylene inner layers and usually ship in 20-feet containers – is expected to reach $1.49 billion by 2024, according to Grand View Research.
“Flexitanks have come a long way since they were originally used by the US Military in World War II,” said Lynn Stacy III, Managing Director of Liquid Logistics Solutions at OEC Group. “Today, Flexitanks have become the preferred method for transporting non-hazardous bulk liquids, resulting in an increase in demand for its use.”
The increase in demand can be attributed to Flexitanks being highly convenient for handling, easier to load and discharge than other containers, and capable of holding up to 31 percent more liquid than traditional drums and totes. Additionally, Flexitanks are a recyclable, one-time use kind of packaging, eliminating the need for tank washes, which gets rid of the fear of possible product contamination typically associated with using ISO tanks. All of this ultimately results in a reduction of labor costs and time, bringing significant savings to clients.
“As the market for these environmentally friendly containers continues to grow, we will continue to identify new opportunities for our clients to utilize Flexitanks,” said Anthony Fullbrook, U.S. East Region President at OEC Group. “Additionally, Flexitanks offer temporary storage solutions and other business opportunities.”