The global degassing valve market is anticipated to reach US$ 140 Mn in 2022, according to a recent market report by Future Market Insights (FMI). Sales will reach US$ 215.7 Mn in 2031 thanks to a 4.9% CAGR in growth.
Degassing valves are used to release/remove the air and carbon dioxide from a variety of bags and pouches. These valves retain the quality, freshness, and aroma of food like coffee, dairy goods, pet food, etc. thanks to their remarkable functionality.
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With their degassing mechanism, these valves have brought about a significant change in the way coffee and other food products are packed and transported. The introduction of flexible packaging is also expected to boost sales of degassing valves over the assessment period.
Factors such as rising consumption of coffee among millennials and increasing import and export of coffee products worldwide are key factors driving the degassing valves market.
Degassing valves are available with or without a filter. Both types have their own mechanism and functionality. Degassing valves with integrated filters are mostly suitable for powdered food and coffee products. The filter can prevent small powder particles from getting into the degassing valve.
Leading manufacturers operating in the market are providing valves with filters to fulfil the precise requirements of brand owners. The addition of these filters enables manufacturers to offer degassing valves for both coffee bean and powdered coffee packaging.
Surging demand for degassing valves with integrated filter mechanism among the small as well as leading coffee brand owners is expected to complement the growth of the market over the assessment period.
- Through 2031, the filter integrated valves segment is anticipated to hold a 75% market share by product type.
- PE (Polyethylene) will become the most popular material for making degassing valves based on material type.
- During the forecast period, the segment is expected to present an additional potential worth US$38.0 Mn.
- In 2022, it is anticipated that North America and Europe would represent 52.0% of the degassing valve market share.
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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
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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.
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 Companies Profiled
- CCL Industries
- Syntegon Technology GmbH
- FLAIR Flexible Packaging Corporation
- Goglio SpA
- Amcor plc
- Plitek Valves Inc
- TricorBraun Flex
- Wipf Holding AG
- Tungyi Hardware Co., Ltd
- Fres-co System USA
- UrthPact, LLC
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The post Degassing Valves Market is projected to expand at a CAGR of 4.9% during the forecast period 2022-2031 appeared first on Future Market Insights.
