Flexi Bag Market To Climb at US$ 1.7 billion By 2032, Owing to Surging Transportation & Logistic Industry, States Fact.MR

Rockville, Dec. 09, 2022 (GLOBE NEWSWIRE) -- A new study released by Fact.MR, a market research and competitive intelligence provider, reveals that the global flexi bag market is set to reach US$ 912 million in 2023 and expand at a CAGR of 6.3% during the forecast years of 2023 to 2033. The market is expected to grow rapidly due to a surge in the demand for transportation and logistics from the household sector.

Flexi bags are uniquely designed storage bags that are used for transportation purposes. These bags are an apt alternative to packaging materials and tank containers. They are specifically used for the storage of fluid and powder-based materials. As these bags are made from high tensile strength polyester fabric with elastomer and plastomer coated on both sides, they are light in weight and are therefore extensively used for transportation and logistics purposes.

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Owing to the ever-expanding transportation and logistics sector, the demand for flexi bags due to cost-saving factor is expected to witness significant growth over the coming years.

Key Takeaways from Market Study

• The global flexi bag market is projected to grow 6.3% and reach US$ 1.7 billion by 2033.
• The market size increased at 3.1% CAGR between 2018 and 2022.
• The market was valued at US$ 854.5 million in 2022.
• North America led the global market with 26.3% share in 2022.
• Under product type, monolayer will account for the highest market share of 84.2% by the end of 2023.
• Under the loading category, bottom flexi bags will account for a market share of 71.9% in 2023.

Market Development

Growing manufacturing activities and increasing trade agreements are expected to drive the logistics and transportation sector, which is likely to boost the adoption of flexi bags over the coming years.

During the COVID-19 pandemic, the industry was severely impacted and exhibited a downfall of around 7.5%. However, the market is recovering, and currently, the global transportation and logistics industry worth nearly US$ 7 trillion. Flexi bags are designed and fitted with valves and pumps making them waterproof, weatherproof, and airproof for minimal damage to the product with easy transportation.

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Key companies in Flexi Bag Market:

• 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
  

Segmentation of Flexi Bag Industry Research

• By Type :
• 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

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global flexi bag market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Type (Monolayer, Multilayer), Capacity (Below 15000 Liters, 15000 – 25000, Above 25000), Loading (Top Loading, Bottom Loading), and End Use (Food & Beverages, Chemicals, Oil & Petrochemicals, Pharmaceuticals, Wines & Spirits, Industrial Liquids), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Table of Content

1. Market - Executive Summary

2. Market Overview

    2.1. Market Definition and Introduction

    2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data

    3.1. Global Tanks and Tankers Market Outlook

    3.2. Tanker Fleet Statistics across the Globe

    3.3. Number of Tankers equipped with Flexi Tanks, by Countries

    3.4. Penetration of in overall Tankers Market

    3.5. Scenario Forecast

        3.5.1. Demand in Optimistic Scenario

        3.5.2. Demand in Likely Scenario

        3.5.3. Demand in Conservative Scenario

    3.6. Macro-Economic Factors

    3.7. Forecast Factors - Relevance & Impact

    3.8. Opportunity Assessment

        3.8.1. Total Available Market

        3.8.2. Service Addressable Market

        3.8.3. Service Obtainable Market

    3.9. Market Dynamics

        3.9.1. Drivers

        3.9.2. Restraints

        3.9.3. Opportunity

    3.10. Investment Feasibility Matrix

TOC Contd…..

Check out more related studies published by Fact.MR Research: 

Flexitanks Market - As demand for flexible packaging solutions rise, flexitank deployment is increasing on a large scale across various industries. Gains are being underpinned by increasing adoption across the food, oils, chemical, and industrial goods domains. Preference for single trip flexitanks due to their easy disposal is being recorded.

Industrial Bag Dust Filter Market: The global industrial dust bag filter market is estimated at USD 3,486 Million in 2022 and is forecast to surpass USD 5,735 Million by 2032, growing at a CAGR of 4.7% from 2022 to 2032. The global industrial bag dust filter market has witnessed a significant growth in half-decade.

Mylar Bags Market: The sustainability of products has always been a challenge for different companies. If not packed correctly, products are prone to facing corrosion, damage and lose their durability that would otherwise last longer. Thus, it is extremely important to keep products seal packed through which oxygen cannot pass. There are numerous ways that would keep products healthy.

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