Sales of degassing valves in the United States and Canada are expected to exceed US$21.9 million in 2023. Over the period from 2023 to 2033, the market is projected to grow at a moderate CAGR of 4.8%, reaching a value of US$34.9 million by the end of 2033. The top 5 degassing valve producers are expected to hold a market share ranging from 35% to 40%.
In recent years, there has been a significant demand for flexible packaging formats from end users and brand owners in the United States and Canada. The shift from rigid packaging to flexible packaging is a prominent trend in the packaging sector of these countries due to the numerous benefits offered by flexible packaging solutions.
Bags and pouches are commonly used in flexible packaging for food products that require air-tight and barrier packaging. These packaging formats provide advantages such as attractive shelf appeal, portion control, and convenience.
Small degassing valves, which are a form of modified atmosphere packaging (MAP), are particularly popular in the regional coffee market. Consumers prefer products that offer features like resealable options, portability, and easy peel or open mechanisms. Degassing valves are used in bags and pouches for packaging food products that emit gases.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report! https://www.futuremarketinsights.com/reports/sample/rep-gb-17158
Brand owners in the United States and Canada are increasingly demanding flexible packaging formats to meet their packaging requirements. Shifting from rigid to flexible packaging enables brand owners to achieve higher profit margins. The transition to flexible packaging has led to significant reductions in transportation and packaging costs, driving the demand for degassing valves.
Changing lifestyles, drinking patterns, and a growing preference for healthy beverages, including low-calorie drinks like low-calorie coffee, have contributed to increased demand for such products in the United States and Canada. The rising health consciousness among millennials, particularly regarding obesity, is also expected to drive the demand for low-calorie drinks.
Degassing valves are predominantly used in coffee packaging solutions such as bags and pouches to maintain the freshness of coffee for an extended period. Coffee consumption, including low-calorie coffee, has experienced substantial growth and is expected to remain popular in the United States and Canada. The continued demand for low-calorie and sugar-free drinks in these countries is projected to have a positive impact on the sales of degassing valves through 2033.
Key Takeaways from the United States & Canada Degassing Valves Market Study
- By product type, filter-integrated valves are estimated to account for about 2% of the United States & Canada degassing valves market share in 2023.
- By end use, the coffee segment is expected to generate about 5% of the United States and Canada’s degassing valves industry share in 2020.
- Based on material, the PE valve category is anticipated to be valued at US$ 15.6 million by the end of 2033.
- The United States is projected to hold around 7% of the degassing valves market share by the end of 2033.
- The United States & Canada degassing valves industry witnessed a CAGR of 1% during the historical period.
“Degassing valves have experienced rapid expansion thanks in large part to the organized retail sector in the United States and Canada. Need for coffee packaging solutions, including degassing valves, has increased dramatically as a result of growth in the number of supermarkets, hypermarkets, and other retail outlets.” – Says a lead analyst at Future Market Insights (FMI)
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Competitive Landscape
Leading manufacturers of degassing valves are focusing on creating sustainable technologies and solutions. Other players are intensifying their efforts to develop innovative and eco-friendly coffee packaging solutions.
For instance,
- Amcor received an A grade in the CDP’s annual climate change evaluation in January 2021. Another successful aspect was the company’s EnviroAction program. It has decreased its intensity of greenhouse gas emissions by 36% since 2018.
Key Companies Profiled
- Plitek Valves Inc.
- CCL Industries
- Goglio SpA
- Wipf Holding AG
- Syntegon Technology GmbH
- FLAIR Flexible Packaging Corporation
- UrthPact, LLC
- Layfield Group Ltd
- Amcor plc
- TricorBraun Flex
- Fres-co System USA, Inc.
- Swiss Pack
- Primary Fluid Systems, Inc.
Get More Insights into the United States & Canada Degassing Valves Market Report
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the United States & Canada degassing valves industry, analyzing historical demand from 2016 to 2022 and forecast statistics from 2023 to 2033. The study reveals growth projections on the United States & Canada degassing valves market based on the material (PE valves, PP valves, bio-based, silicone), product type (filter Integrated valves, non-filtered integrated valves), packaging format (bags, pouches), end use (coffee, dairy, pet food, fermented food), and country.
United States & Canada Degassing Valves Market Outlook by Category
By Material:
- PE Valve
- PP Valve
- Bio-based
- Silicone
- Others
By Product Type:
- Filter Integrated Valves
- Non-filter Integrated Valves
By Packaging Format:
- Bags
- Pouches
By End Use:
- Coffee
- Dairy
- Pet Food
- Fermented Food
- Other End Use
By Country:
- United States
- Canada
About Us:
Future Market Insights (ESOMAR certified 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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