Flexi Bag Market

Flexi Bag Market Analysis, By Type (Monolayer, Multilayer), By Capacity (Below 15000 Liters, 15000 – 25000, Above 25000), Loading (Top Loading, Bottom Loading), By End Use (Food & Beverages, Chemicals, Oil & Petrochemicals, Pharmaceuticals, Others), & Region - Global Market Insights 2023-2033

Analysis of Flexi Bag Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Flexi Bag Market Outlook (2023-2033)

The global flexi bag market is slated to reach a size of US$ 912 million in 2023 and evolve further at a CAGR of 6.3% to climb to US$ 1.7 billion by the end of 2033. Sales of flexi tanks accounted for nearly 4% share of the global chemical tanker market at the end of 2023.

From 2018 to 2022, the global market for flexi bags registered a CAGR of 3.1%, as per this new study by Fact.MR, a market research and competitive intelligence provider. The transportation and logistics sector is thriving and this has led to discovering different ways of loading goods and moving them from one place to another to avoid damage. Every year, more than 11 billion items are shipped globally.

A flexi bag is an alternative to tank containers and other packaging material for loading liquid materials - non-hazardous liquid and non-hazardous powder. In other words, they are storage equipment for oil- and liquid-based goods, have rust-proof material, are lightweight, and also foldable. These flexi bags come in the capacity of 10,000 to 28,000 liters; however, the tank can be customized up to 100,000 liters.

The bag is made up of high tensile strength polyester fabric with elastomer and plastomer, available with both side coating. The bag can be used as an economic alternative for the transportation of bulk products. In 2021, worldwide usage of flexi bags was around 2,500,000 units.

  • Rising demand for cheap transportation and logistics will positively impact flexi bag market growth, which will also help manufacturers reduce product costs.
  • The United States and China are projected to witness comparatively higher demand due to increased penetration of industrial goods.
  • Increasing transportation of oil and liquids will drive the demand for flexi bags as these bags are 10% of a steel tank’s weight.

Report Attributes


Flexi Bag Market Size (2022A)

US$ 854.5 Million

Estimated Market Value (2023E)

US$ 912 Million

Forecasted Market Value (2033F)

US$ 1.7 Billion

Global Market Growth Rate (2023-2033)

6.3% CAGR

North America Market Share (2023)


North America Market Value (2023)

US$ 239.9 Million

Europe Market Share (2023)


Europe Market Value (2023)

US$ 222.5 Million

China Market Share (2023)


China Market Value (2023)

US$ 123.9 Million

Market Share of Top 5 Companies


Key Companies Profiled

  • SIA Flexitanks
  • Techno Group
  • Bulk Liquid Solution Ltd.
  • LAF Logistic Agency Flexitanks
  • Hengxin
  • Qingdao Flexitank Logistics
  • Trust Flexitanks
  • Rishi FIBC Solution Pvt. Ltd.
  • Proagri Solutions LLC
  • Anthente
  • MyFlexitank

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Why is Demand for Flexi Bags Rising Steadily across Regions?

“Growth of Transportation and Logistics Industry”

As long as businesses are creating a product for consumption, the transportation and logistics sector will thrive. The United States is among the top ten logistic markets and Asia Pacific is anticipated to be a leader in the future.

During the COVID-19 pandemic, the transportation and logistics industry saw a downward move. However, after COVID-19, the overall logistics market started improving and gained a market size of US$ 7 trillion. Transportation and logistics play a key role in the economy to connect businesses to suppliers and customers. Thus, heavy demand for transportation and logistics makes flexi tanks much more popular worldwide, thus paving the way for the demand growth for the same.

“Great Alternative to Metal Container Tanks”

Flexi bags are a great alternative to metal container tanks for transportation purposes, as metal tanks are much heavier and costlier as well. Normal metal tanks are made up of carbon steel, aluminum, fiberglass, or stainless steel. On the other hand, a flexi tank’s weight is 10% of a normal metal container and reduces the transportation costs of manufacturers. These bags are foldable and ideal for non-hazardous bulk liquid and powder.

Increased production in the petrochemical and agricultural market is booming flexi bag demand, and manufacturers are enjoying the benefits of this new emerging technology. The food and beverage industry contributes the highest market share for flexi bags, followed by the chemical industry.

Low repositioning, low labor, and loading costs are making this option efficient for bulk liquids. All in all, the high demand for food and beverages in the market will drive the demand for flexi tanks.

How Can Sales of Flexi Bag Manufacturers Be Adversely Affected?

“Lower Durability and Shorter Longevity”

Any excessive force applied on a flexi bag can cause a crack, which will lead to leakage of the material and will also incur the cost of cleanup. Another disadvantage associated with flexi bags is that they are environment-unfriendly. Flexi tanks are not biodegradable because most of them are single-use bags that need to be disposed of after one use.

This waste that is not biodegradable goes to landfills and oceans. In a study conducted in 2019, it was found that 6.3 million metric tons of plastic had been produced, out of which, only 9% of plastic waste could be recycled. With time, non-biodegradable plastic waste is becoming a great concern for the world. Single-use flexi bags are made up of low-quality materials that are not environmentally safe.

Flexi bag market forecast by Fact.MR

Market share analysis of flexi bags based on product type and region. Under the product type segment, monolayer bags dominate with 84.2% market share in 2023.

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Country-wise Insights

Why Does the U.S. Account for a Prominent Market Share?

The United States is expected to continue to be one of the most attractive markets during the forecast period. The U.S. is anticipated to capture more than 86% of the market share in the North American region in 2023.

The market will continue to expand significantly due to the emergence of numerous new industries and rapid technological advancements. The country's market for flexi tanks is likely to experience high-growth opportunities due to the rapidly increasing demand for passenger cars and commercial vehicles.

With an estimated absolute opportunity of US$ 783.9 million during the forecast period, the U.S. flexi bag market is anticipated to grow at a CAGR of 6.3%.

Why is the China Flexi Bag Market Highly Lucrative?

China's manufacturing industry is predicted to be among the most opportunistic due to increased industrial operations. China's manufacturing supply chain is incredibly dispersed. To gain a competitive edge, a majority of foreign manufacturers have made significant investments in China.

As China is a manufacturing hub, there are high chances that the sales of flexi bags may rise in the long run. Industry 4.0, which describes the new industrial revolution and transformation of products from analog to digital is the main reason for an increase in the demand for advanced products such as flexi bags.

High growth of the flexi bag market in China is expected in the long run, which is expected to generate US$ 123.9 million over the 2023-2033 period.

Category-wise Insights

Will Demand Growth for Flexi Bags for Beverage Industry Provide Consistency in Revenue Generation?

Flexi bag containers are seeing increasing demand as they are more economic and feasible to transport non-hazardous liquids. These bags also provide better protection against liquid cargo contamination. They are becoming a more preferable transportation option over ISO tanks and drums.

The beverage industry accounts for a major contribution to the usage of flexi tanks as they are less expensive and more preferred by key players in the industry. The drink industry is worth US$ 1.5 trillion; expansion is due to rising consumer preference for health drinks, ready-to-drink beverages, etc. In a year, global water consumption is 465 billion liters. Asia Pacific accounts for the largest share with 42%, and North America is in the second position with 22% share of the beverage industry.

As such, the beverage sub-segment is predicted to contribute majorly to the market growth of flexi bags.

Why are Monolayer Flexi Bags Most Sought-after?

According to this Fact.MR study, monolayer flexi bags will enjoy a market share of 84.2% and reach a valuation of US$ 768.2 million in 2023.

In Spain and Portugal, TIBA was the first business to market single-layer flexi bags. This kind of equipment is less flexible since it is made of a single layer of polyethylene that is thicker than multilayer flexi bags. Monolayer bags are much safer for transportation as they are less likely to damage the product inside.

As such, the monolayer sub-segment is expected to offer an absolute dollar opportunity of US$ 660.3 million by the end of 2032.

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Competitive Landscape

Brands such as SIA Flexitanks, Techno Group, Bulk Liquid Solution Ltd., LAF Logistic Agency Flexitanks, Hengxin, Qingdao Flexitank Logistics, Trust Flexitanks, Rishi FIBC Solution Pvt. Ltd., Proagri Solutions LLC, Anthente, and MyFlexitank have started manufacturing flexi bags to meet rising consumer demand.

Key suppliers of flexi bags should focus on developing advanced equipment to further enhance their market presence in the industry. Market players should focus on launching new products along with competitive price offerings.

Fact.MR has provided detailed information about the price points of key manufacturers of flexi bags positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Flexi Bag Industry Research

  • By Type :

    • Monolayer
    • Multilayer
  • By Capacity :

    • Below 15,000 Liters
    • 15,000 – 25,000 Liters
    • Above 25,000 Liters
  • By Loading :

    • Top Loading
    • Bottom Loading
  • By End Use :

    • Food & Beverages
    • Chemicals
    • Oil & Petrochemicals
    • Pharmaceuticals
    • Wines & Spirits
    • Industrial Liquids
  • By Region :

    • North Americas
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How did the flexi bag market fare over the past four years?

From 2018 to 2023, global sales of flexi bags increased at 3.1% CAGR.

Which region accounts for a leading market share?

North America leads the global flexi bag market accounting for 26.3% market share in 2023.

What is the present and future valuation of the flexi bag market?

The global flexi bag market is currently valued at US$ 912 million and is anticipated to reach US$ 1.7 billion by 2033-end.

What market share do monolayer flexi bags enjoy?

Monolayer flexi bags account for 84.2% share of the global market.

Flexi Bag Market

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