Africa Flexitank Market Size, Share & Trends Analysis Report By Loading Type (Top Loading, Bottom Loading), By Layer Type (Single-layer, Multilayer), By Application (Edible Oil, Wine), And Segment Forecasts, 2023 - 2030

Africa Flexitank Market Size, Share & Trends Analysis Report By Loading Type (Top Loading, Bottom Loading), By Layer Type (Single-layer, Multilayer), By Application (Edible Oil, Wine), And Segment Forecasts, 2023 - 2030

Africa Flexitank Market Growth & Trends

The Africa flexitank market size is expected to reach USD 113,419.2 thousand by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 12.8% from 2023 to 2030. The growing edible oil exports from Africa to European and North American countries are expected to contribute to the market growth. Wine production in Africa is expected to register a steady growth, with the African wine gaining popularity due to the high demand from countries, such as the U.K., Germany, the Netherlands, Canada, France, Sweden, and the U.S. South Africa is a major wine-producing country in the region. According to the USDA, bulk wine account for 65% of the export.

Thus, the steady growth of wine production and a high percentage of exports through bulk packaging options present a positive outlook for market in Africa. Technologies form a major aspect of the development process of flexitanks that are resistant to contamination, occupy less area, and carry large volumes of materials being transported at once. For instance, Liqua, a flexitank and logistics company, has patented its Nnautilus and Caterpillar technology for manufacturing bulk packaging systems for transporting liquids and dry packages, as well as for offering the required logistics. Flexitanks have low labor and loading costs with no repositioning charges. This makes them the best option for transporting bulk liquids to remote destinations. The size of flexitanks may vary from 10,000 liters to 26,000 liters.

They are characterized as a safe and eco-friendly mode of transportation for commodities with practically no contamination. Flexitanks have no cleansing requirements as they can be disposed of or recycled. Many industry players are adopting strategies including collaborations, expansions, mergers & acquisitions, joint ventures, and partnership agreements to increase their customer base and individual market share. For instance, in March 2022, Deutsche Post AG (DHL) acquired the Hillebrand Gori Group GmbH, a logistic service provider for beverages, wine, and spirits. This acquisition enabled the company to increase its footprint across the liquid logistics market, globally and in Africa.

Africa Flexitank Market Report Highlights

• Edible oil dominated the application segment in 2022. Flexitanks can hold a significant volume of edible oil, maximizing cargo capacity in shipping containers. This is particularly advantageous for high-volume shipments. In addition, their cost effectiveness compared to other bulk liquid packaging options is expected to boost their demand in edible oil packaging in Africa
• Flexitanks can have manufacturing defects owing to the use of low-quality raw materials, improper fitting of valves, and the presence of double patch defects around the valves. Puncturing of flexitanks can be attributed to the use of sharp industrial equipment and accessories, such as screws and nails, which can restrain their market penetration
• ISO tank containers overcome the multiple-use limitation of the flexitank, thus posing a significant challenge for the overall market
• The bottom loading type segment is expected to grow at the fastest growth rate, in terms of revenue, from 2023 to 2030 owing to the high adoption of the bottom loading mechanism by manufacturers
• Central & South Africa emerged as the leading region in 2022 with a share of over 87.0%, in terms of revenue, due to a strong presence of flexitank manufacturers and high exports of edible & vegetable oil products from this region

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