Degassing Valves Market is Expected to Total USD 215.7
DUBAI, United Arab Emirates, Jan. 20, 2022 (GLOBE NEWSWIRE) — The global degassing valve market is estimated to reach US$140.0 million in 2022 and should total US$215.7 million by 2031, with sales growing to a 4.9% from 2022 to 2031.
According to a recent market analysis by Future Market Insights (IMF), the global market Degassing Valves Market the waist is projected upwards US$140 million in 2022. With sales growing at a 4.9% CAGR, market size will total US$215.7 million in 2031.
Degassing valves are used to vent/degas carbon dioxide and air inside various bags and pouches. With their exceptional functionality, these valves maintain the freshness, aroma and quality of foods such as coffee, dairy, pet food, etc.
|Estimated Degassing Valves Market Size 2022||US$140.0 million|
|Projected Degassing Valves Market Size 2031||US$215.7 million|
|CAGR Based on Degassing Valves Market Value (2022-2031)||4.9%|
|Market Share of Top 5 Degassing Valves Market (2022E)||35-40%|
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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 packaged and transported. The introduction of flexible packaging is also expected to boost degassing valve sales over the review period.
Factors such as increasing coffee consumption among millennials and increasing import and export of coffee products globally are key factors driving the degassing valve market.
Degassing valves are available with or without filter. Both types have their own mechanism and functionality. Degassing valves with built-in filters are mainly suitable for powdered foods and coffee products. The filter can prevent small powder particles from entering the degassing valve.
The major manufacturers operating in the market provide valves with filters to meet the precise requirements of brand owners. The addition of these filters allows manufacturers to offer degassing valves for coffee bean and coffee powder packaging.
Rising demand for degassing valves with built-in filter mechanism among small coffee brand owners as well as major coffee brand owners is expected to complement the market growth over the assessment period.
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|Historical data available for||2016-2021|
|Market analysis||Millions of US dollars for value and units in thousands of dollars for volume|
|Key regions covered||North America, Latin America, Europe, Middle East and Africa, East Asia, South Asia and Oceania|
|Main countries covered||United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia and New Zealand, GCC countries and South Africa|
|Key Segments Covered||Product type, material, packaging format, end use and region|
|Profiled Key Companies|| • CCL Industries
• Syntegon Technology GmbH
• FLAIR flexible packaging company
• Goglio SpA
• Amcor plc
• Plitek Valves Inc.
• Tricor Brown Flex
• Wipf Holding AG
• Tungyi Hardware Co., Ltd.
• Fres-co system United States
• UrthPact, LLC
|Report cover||Market forecasts, company share analysis, competitive intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives|
Key points to remember:
- By Product Type, the Integral Filter Valves segment is expected to represent 3/4 of the total market share until 2031.
- Based on the type of material, PE (polyethylene) will emerge as the most preferred material for the production of degassing valves. The segment should offer an additional opportunity to US$38.0 million during the forecast period.
- Collectively, North America and Europe are expected to hold approximately 52.0% of the degassing valves market share in 2022.
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CCL Industries, Goglio SpA, Fres-co System USA, Inc are the major players operating in the global degassing valves market. Additionally, TricorBraun Flex, Plitek Valves Inc., Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Layfield Group. Ltd., Amcor plc are some of the major players operating in the market.
Tier 3 market players hold 35-45% in the global degassing valve market. In conclusion, the major players account for almost 55-65% of the global degassing valve market.
Major 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 advantage in the market.
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