Techniques are disclosed for dynamically allocating storage for containers/applications in a containerized environment. In various aspects, one is able to specify the amount of storage desired/required in a storage/host volume to be allocated to a container on-demand. The containerized environment may employ its own hardware resources or be implemented on an infrastructure-as-a-service (IaaS). The containerized application for which an instant dynamically allocated storage volume is created may be a composable multi-container or microservices application. The storage volume is optimally assembled from the partitions of the storage devices available on a host. The storage devices may be local to the host or remote or in the cloud. Techniques are also disclosed for decommissioning a previously allocated storage volume based on the present design.