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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Competitive Landscape for the Degassing Valves Market Players
Some leading companies producing degassing valves are Fres-co System, TricorBraun Flex, Plitek Valves, Syntegon Technology, Layfield Group, and Amcor. Market players are primarily resorting to tie-ups with coffee processing industries. Moreover, degassing valve bag producers to achieve the business of scale.
To obtain a competitive edge, several firms are engaging in mergers, and partnerships with packaging products manufacturers at the local level. Leading companies that are competing globally are spending money on research & development. In order to create flexible packaging for items besides coffee.
Key Segments Covered by Degassing Valves Industry Survey Report
Degassing Valves Industry Segments by Product Type:
- Filter Integrated Valves
- Non-Filter Integrated Valves
Degassing Valves Industry Segments by Material Type:
- Polyethylene (PE) Valves
- Polypropylene (PP) Valves
- Bio-based Valves
- Silicone Valves
- Other Valves
Degassing Valves Industry Segments by Packaging Format:
- Bags
- Pouches
Degassing Valves Industry Segments by End Use:
- Coffee Making
- Dairy Products
- Pet Food Production
- Fermented Foods Processing
- Dry Powder Chemicals Preparation
- Other End Uses
Degassing Valves Industry Segments by Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
- South Asia
- Oceania
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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