The global degassing valves market was worth around US$ 140.4 million in 2022. The sales of degassing valves globally are expected to increase at an average CAGR of 5% from 2023 to 2033. The market report further predicts the overall market to reach US$ 237.8 million by the end of this forecast period.
Flexible bags and pouches with degassing valves are getting actively adopted by retail coffee suppliers to increase the product’s shelf-life. Shifting preferences towards flexible packaging solutions for other food products is expected to boost sales of degassing valves.
The bio-based material segment is expected to witness higher rates of growth throughout the projected period, with a CAGR above 5%. However, the sales of degassing valves made up of polyethylene or polypropylene are projected to remain dominant during this period. The easy availability and affordable cost of PE degassing valve bags are regarded to be the main reason behind this trend.
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Key Takeaways from the Degassing Valves Market Study Report
- Sales of degassing valves are projected to expand up to 1.5x of the current market value in the next ten years.
- Higher consumption of all types of coffee products in the United States makes it the leading user of degassing valves. Currently, it accounts for nearly 13.5% of the total revenue generated by the one-way degassing valves market globally.
- Many European countries now follow the United States in the consumption of coffee-based beverages that are imported and locally produced. Germany is the prominent country for the production of coffee bag degassing valves with a global market share of 5.1%.
- The demand for degassing valves in the United Kingdom is growing at a faster rate. According to the FMI report, the sales of degassing valves in this country are projected to grow at 3.7% through 2033.
- In the Asia Pacific region, China is the leading country for the production of vacuum degassing valves. With a strong base for manufacturing industries, the Chinese degassing valves market is predicted to follow a 6.9% CAGR through 2033.
- The popularity and quantity of coffee consumed in India are growing perceivably owing to having a favorable demographic advantage. During the forecast years, the demand for degassing valves is predicted to progress at an above-average rate of 5.3%.
- Australia is notably known for its higher demand for coffee-based products and drinks globally. As per the FMI survey report, currently, it holds a market share of 4.2% while Japan contributes only 2.8%.
- Based on product type, the filter-integrated degassing valves are the dominant segment with a 73.6% market share. In the year 2022, the net worth of revenue accrued from sales of degassing valves with the integrated filter was around US$ 103.5 million.
- The one-way degassing valves are still prominently used for packaging roasted coffee beans and powder. As per the FMI, this end-user segment contributes almost 70.9% of the revenue generated by the global market.
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Degassing Valve Market By Category
Product Type:
- Filter Integrated Valves
- Non-Filter Integrated Valves
Material:
- PE Valves
- PP Valves
- Bio-based
- Silicone
Packaging Format:
- Bags
- Pouches
End Use:
- Coffee
- Dairy
- Pet Food
- Fermented Food
Competition Landscape
CCL Industries, Goglio SpA, Fres-co System USA, Inc are the top players operating in the global degassing valve market. Furthermore, TricorBraun Flex, Plitek Valves Inc., Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Layfield Group. Ltd., Amcor plc are among the leading players operating in the market.
The Tier 3 players in the market hold 35-45% in the global degassing valve market. In conclusion, key players contribute almost 55-65% of the global degassing valve market.
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Leading players operating in the global degassing market are investing in research and development to develop flexible packaging solutions for coffee and other products. In addition to this, players are investing in mergers, acquisitions, and collaborations to gain a competitive edge in the market.
Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Global Degassing Valves industry?
(2) Who are the leading players functioning in the Global Degassing Valves marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the Global Degassing Valves industry?
(4) What is the competitive situation in the Global Degassing Valves market?
(5) What are the emerging trends that may influence the Global Degassing Valves market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which application segment will grab a handsome share in the Global Degassing Valves industry?
(8) Which region is lucrative for the manufacturers?
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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