Procurement Market Intelligence Report
Flexible Tanks
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Flexible Tanks Global Overview
Definition
Summary
Flexible tanks, often called flexitanks, are large, industrial plastic bladders used to store and transport water and other nonhazardous liquids. Flexible tanks are designed to fit into standard twenty-foot freight containers, rest on the ground in a designated storage location, or both. Buyers of flexible tanks cover a wide range of industries, including construction firms, manufacturers, and food products producers.
This Report Includes:
- Flexitanks
- Plastic Bladders
Not in this Report:
- Bulk Containers
- Barrels
- Drums
Global Flexible Tanks Procurement Trends
Discover the top international trends affecting procurement in the global Flexible Tanks market.
Warning Trends
April tariffs drive up packaging product prices
- On April 9, the Trump Administration announced 10.0% blanket tariffs on all imports into the United States, paired with a 90-day pause on higher country-specific tariffs announced earlier. On May 12th, the administration announced an agreement to reduce tariffs on most Chinese goods from 145.0% to 30.0% for 90 days. On May 28th, the U.S. Court of International Trade issued a ruling halting many of the tariffs levied by the Trump administration. This ruling has been appealed, and the tariffs will remain in effect pending further judicial decisions. This ruling does not apply to steel, aluminum, and automobile tariffs issued under Section 232. Additionally, tariffs could be reissued under a variety of other sections of U.S. trade law. As such, ProcurementIQ will continue to monitor and update analysis as new information becomes available.
- These tariffs will have a significant effect across the packaging industry as the United States imports a combined total of more than $127 billion worth of plastic, steel, and lumber annually, the three most common materials in packaging products. Tariffs on steel and aluminum products were increased to 50.0% on June 4th.
- China accounts for 48.6% of imported plastic products in the United States, making current tariffs on China particularly impactful for the price of plastic packaging materials, which the Yale Budget Lab projects will rise in price by 6.4%.
- Leading packaging product importers include Canada, Mexico, and China, which face tariff rates of 25.0%, 25.0%, and 30.0%, respectively. However, USMCA-originating goods, meaning those produced entirely in Canada or Mexico, are exempt from these tariffs.
- Likewise, Canada and Mexico provide a combined 51.6% and 34.6% of lumber and steel imports, respectively. Thus, 25.0% tariffs on these countries are driving projected 3.3% and 12.3% increases in the prices of wooden and metal packaging products.
Global Flexible Tanks Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1China | 1,635 |
| #2Europe | 1,520 |
| #3Oceania & Southeast Asia | 1,220 |
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Geography Drilldown - US
Average Cost of Flexible Tanks
United States
2025 Market Pricing$500.00 to $XX,XXX.XX
per unitAverage Price
Prices in the Flexible Tanks market range from $500.00 to $XX,XXX.XX, depending on Type, Size, Configuration and Customization. For example, lower prices are associated with Standard storage tank ($3,000 to $10,000 per tank), whereas higher prices are associated with Custom made transportation and storage tank for water, fuel, or chemicals ($10,000 to $23,000 per tank).
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Flexible Tanks Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Flexible Tanks market, prices in the US have declined -2.1% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
-2.1%
Compound Annual Growth RateUnited States (2025-2028)
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Flexible Tanks
Total cost of ownership is Low in the Flexible Tanks market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs.
Billed During
Warranties
Repairs
Buyer Power in Procurement Negotiations
In 2025, buyer power amounts to 0.2 in the United States. Buyer power is most positively impacted by Recent Price Volatility. It is most negatively impacted by Recent Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Plastic & Resin Manufacturers
- Synthetic Fiber Manufacturers
- Machinery & Equipment Wholesalers
2nd
Tier Suppliers
- Gasoline & Petroleum Wholesalers
- Organic Chemical Manufacturers
- Machinery Manufacturers
Biggest Flexible Tanks Suppliers in the US by Revenue
The largest Flexible Tanks vendors by revenue in the US are Qingdao LAF Packaging Co. Ltd., Bulk Liquid Solutions Pvt. Ltd. and ZIM Integrated Shipping Services Ltd. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd | Global | Haifa, IL | 1,001-10,000 | 25+ | ||||
| Hoyer GmBH | Global | Lindlar, DE | 251-500 | 5-10 | ||||
| Qingdao LAF Packaging Co. Ltd. | Global | Qingdao, CN | <25 | < 5 | ||||
| Bulk Liquid Solutions Pvt. Ltd. | Global | Bangalore, IN | 25-50 | < 5 | ||||
| Trans Ocean Bulk Logistics Ltd. | International | Pasadena, TX | 101-250 | < 5 | ||||
| Sia Flexitanks | Global | Houston, TX | 51-100 | < 5 | ||||
| MY Flexitank Industries SDN BHD | Global | Sungai Petani, MY | 101-250 | < 5 | ||||
| GEI Works Inc. | National | Vero Beach, FL | 51-100 | < 5 | ||||
| Braid Logistics Ltd. | Global | Renfrew, UK | 251-500 | < 5 | ||||
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Profit Analysis
The average profit margin across vendors in the Flexible Tanks market is 3.9% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is stagnating, when considering movement between 2024 and 2025. To understand cost forecasts for 2026 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Supply chain risk is moderate in the flexible tanks market. Buyers should inquire about the makeup and integrity of a supplier’s supply chain, as well as what methods they use to ease the impact of volatile input costs prior to signing a contract.
Moderate market share concentration indicates the flexible tanks market is highly competitive, with suppliers attempting to win business by offering higher quality goods and competitive prices. As a result, the moderate market share concentration has neutral effects on buyer power, but still provides an environment where buyers can leverage other suppliers’ offerings to obtain more favorable pricing terms during negotiations.
The average vendor risk within this market is fairly low due to low financial risk associated with the vendors in this market, which aids buyer power.
As a net importer in the flexible tanks market, US buyers' procurement strategies may be influenced by factors such as cost considerations and international competition and will need to carefully evaluate pricing options and potentially seek out more cost-effective solutions. Being a net importer can restrict buyer power and reduce their ability to dictate terms and conditions in procurement transactions, and will have less control over pricing, quality, and availability of the goods or services they need.
Supplier Information
ZIM Integrated Shipping Services Ltd
ZIM Integrated Shipping Services Ltd. is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 1945, the company is currently headquartered in Haifa, Israel with an estimated 5500 employees. Subscribe to learn more
Hoyer GmBH
Hoyer GmBH is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 1946, the company is currently headquartered in Lindlar, Nordrhein-Westfalen, Germany with an estimated 375 employees. Subscribe to learn more
Aero Tec Laboratories Inc.
Aero Tec Laboratories Inc. is a private company operating internationally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 1970, the company is currently headquartered in Ramsey, New Jersey, United States of America with an estimated 375 employees. Subscribe to learn more
Braid Logistics Ltd.
Braid Logistics Ltd. is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 1955, the company is currently headquartered in Renfrew, Renfrewshire, United Kingdom with an estimated 375 employees. Subscribe to learn more
GEI Works Inc.
GEI Works Inc. is a private company operating nationally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 2006, the company is currently headquartered in Vero Beach, Florida, United States of America with an estimated 75 employees. Subscribe to learn more
MY Flexitank Industries SDN BHD
MY Flexitank Industries SDN BHD is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 2006, the company is currently headquartered in Sungai Petani, Kedah Darul Aman, Malaysia with an estimated 175 employees. Subscribe to learn more
Sia Flexitanks
Sia Flexitanks is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 2001, the company is currently headquartered in Houston, Texas, United States of America with an estimated 75 employees. Subscribe to learn more
Trans Ocean Bulk Logistics Ltd.
Trans Ocean Bulk Logistics Ltd. is a private company operating internationally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 1844, the company is currently headquartered in Pasadena, Texas, United States of America with an estimated 175 employees. Subscribe to learn more
Bulk Liquid Solutions Pvt. Ltd.
Bulk Liquid Solutions Pvt. Ltd. is a private company operating globally in the manufacturing sector. The company's offerings include flexible tanks. Founded in 2005, the company is currently headquartered in Bangalore, Karnataka, India with an estimated 37 employees. Subscribe to learn more
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Procurement Management KPIs for the Flexible Tanks Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Cost of Goods Sold and Customer Satisfaction (CSAT). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Pricing and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Cost of Goods Sold | Total revenue Total labor cost Total material cost Total service cost Total delivery cost | Knowing the cost of goods sold is used to determine market profitability, which is helpful to gauge the performance of a vendor's flexible tanks. Knowing the cost of goods sold is beneficial to the vendor for the price determination of their flexible tanks. | |
| Customer Satisfaction (CSAT) | Number of positive customer responses Number of customer responses | Overall customer satisfaction with a vendor is indicative of how cooperative and sympathetic they are to customer needs. Positive customer satisfaction shows that the vendor cares for customer success rates by using their flexible tanks. | |
Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Competition
How long have you been in the flexible tank market?
How do your products differ from your competitors'?
Supplier Size
What size and type of buyer does your company typically supply flexible tanks to?
Do you have experience with large orders? What is the average order size you fulfill?
Product Lines
What are your product offerings in terms of volume capacity, material, and type?
Do you supply flexible tanks to other companies in my industry, or to other clients that have the same intended use as me?
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Flexible Tanks RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should describe their operations, including information on their location(s) and the industries they operate in.
Buyers should identify the methods of storing and transporting materials that they are currently using.
Statement Of Need
Buyers should specify the number and capacity of flexible tanks required.
Buyers should include information on what is to be included in the bid price, such as peripheral equipment, materials, and labor.
Project Budget
Buyers should consider whether the supplier has provided flexible tanks successfully to an entity of a similar size and scope to the buyers within the past five years.
Buyers should ensure that the supplier has demonstrated their financial viability.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
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- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
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