The United States & Canada degassing valves market size is set to exceed a valuation of US$ 21.9 million in 2023. It is likely to elevate at a moderate CAGR of 4.8% from 2023 to 2033.
It is anticipated to reach a valuation of US$ 34.9 million by the end of 2033. Around 35% to 40% of the market share is projected to be occupied by the top 5 degassing valves manufacturers.
Polyethylene (PE) is a thermoplastic polymer with a high molecular weight, which is widely used in the manufacturing of degassing valves. Degassing valves are an essential component of several industrial applications such as coffee beans packaging, pet food packaging, fermented food packaging, and pharmaceutical packaging.
The United States & Canada degassing valves industry forms around 15% of the global degassing valves market, which was worth US$ 140.4 million in 2022. The former is anticipated to create an incremental opportunity of US$ 13.8 million from 2023 to 2033. It is likely to bolster 1.7 times the current market value during the forecast period.
As the retail sector has expanded, so has the demand for innovative packaging solutions that can help preserve the quality and freshness of coffee products. It Such packaging is especially important for coffee.
The aroma and flavor of coffee beans can be quickly lost due to exposure to air & moisture. To prevent this, numerous coffee manufacturers use degassing valves in their packaging to release excess gases and maintain the quality of their coffee.
Growth in the retail sector across the United States and Canada has also led to increasing competition among coffee manufacturers. Companies are nowadays vying for high market shares by offering premium-quality products and innovative packaging solutions.
It has led to a greater focus on product differentiation and branding, with companies seeking to stand out in the crowded coffee market. They are using unique packaging designs and materials.
As demand for high-quality coffee products continues to surge, key coffee manufacturers would seek out innovative packaging solutions. These can help preserve the quality and freshness of their products. Degassing valves are hence set to play an increasingly important role in meeting this rising demand.
Attributes | Key Insights |
---|---|
United States & Canada Degassing Valves Market Estimated Size (2023E) | US$ 21.9 million |
Projected Market Valuation (2033F) | US$ 34.9 million |
Value-based CAGR (2023 to 2033) | 4.8% |
Collective Value Share: Top 5 Companies (2022 A) | 35% to 40% |
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The United States & Canada degassing valves market witnessed a CAGR of 3.1% during the historical period. It reached a market valuation of US$ 21.1 million in 2022 from US$ 17.6 million in 2016.
The coffee industry has seen tremendous growth in recent years. A significant part of this growth is attributed to increasing demand for coffee among millennials.
Millennials have exhibited a particular affinity for specialty coffee, which is often brewed using high-quality beans and precise brewing techniques. There has been an increasing need for coffee packaging that can preserve the flavor and freshness of these high-quality beans, which is where degassing valves come in.
Degassing valves are small packaging valves that emit the gas created in coffee bags and pouches. These valves maintain the aroma and freshness of packed coffee for longer durations.
Incorporation of these valves in food packaging bags and pouches helps manufacturers to maintain the quality of coffee. It also enables them to facilitate the storage, shipping and distribution process of coffee bags & pouches.
Coffee beans produce carbon dioxide gas as they degas after roasting, which can cause the coffee bag to inflate and lose its freshness. Degassing valves are designed to allow carbon dioxide to escape while preventing oxygen from entering the bag, which can cause the coffee to go stale.
The United States & Canada organized retail industry has contributed to significant growth in the field of degassing valves. Rising number of hypermarkets, supermarkets, and other retail stores has resulted in a remarkable surge in the demand for coffee packaging solutions, including degassing valves.
Advent of organized retail stores has also led to increasing awareness of the importance of product quality and packaging. It is set to further drive growth in the United States & Canada degassing valve market, and help it to exhibit 4.8% CAGR from 2023 to 2033.
Country | United States |
---|---|
Market Share (2023) | 89.5% |
Market Share (2033) | 87.7% |
BPS Analysis | -180 |
Country | Canada |
---|---|
Market Share (2023) | 10.5% |
Market Share (2033) | 12.3% |
BPS Analysis | 180 |
Demand for Automatic Degassing Valves to Surge among Coffee Producers in the United States
The United States is projected to hold around 87.7% of the degassing valves market share by the end of 2033. According to the National Coffee Association (NCA), percentage of Americans consuming coffee on a daily basis is over 66%, which is higher than any other drink, including tap water. Since January 2021, this percentage has increased by about 14%.
Coffee consumption at home is still higher than it was before the COVID-19 pandemic. About 84% of coffee consumers have recently reported enjoying coffee in their homes the day before, up from 80% in the first month of 2020.
It is owing to rising demand for coffee and changing preference for specialty & gourmet coffee. The trend is projected to create new opportunities for coffee producers and retailers. They are further set to develop new products and marketing strategies to cater to evolving tastes of consumers.
Growing trend for coffee consumption and increasing preference for brewing coffee at home in the United States are significant factors driving degassing valve sales. As more consumers opt for at-home brewing methods, need for high-quality coffee packaging solutions, including degassing valves, is likely to continue to surge.
Canada-based Industries to Look for Degassing Valve Machines to Maintain Product Quality
Increasing emphasis on quality control and product safety across various industries in Canada is likely to push demand. As companies strive to maintain high-quality standards, they might be turning to degassing valves as a solution to improve the shelf life and quality of their products.
Increasing popularity of environmentally-friendly packaging solutions is another crucial factor augmenting sales in Canada. Degassing valves can help to extend the shelf life of products without the need for additional preservatives or other additives. It might hence appeal to consumers who are looking for more natural and sustainable products.
Sales of PE Degassing Valves for Flexible Packaging to Rise among Coffee Packaging Firms
Polyethylene (PE) is considered as one of the most preferred materials for producing degassing valves. It is expected to remain the material of choice in the next ten years.
Polyethylene is a thermoplastic polymer widely used in the production of degassing valves due to its excellent properties such as high durability, chemical resistance, low cost, and ease of manufacturing. Polyethylene degassing valves are highly effective in releasing gas from the package while maintaining freshness and quality of packaged products.
These valves are widely used in the food & beverage industry, especially in the coffee packaging sector. These are utilized to preserve the aroma and flavor of coffee beans. PE valves are projected to be valued at US$ 15.6 million by the end of 2033.
Need to Prevent Bursting of Coffee Packaging to Push Sales of One-way Degassing Valves
The coffee segment by end use is projected to hold around 71% of the United States & Canada degassing valves market share by the end of 2033. Coffee companies often use degassing valves in their packaging to help maintain the quality and freshness of their coffee products.
When coffee is roasted, it releases carbon dioxide (CO2) gas as a byproduct of the roasting process. If this gas is not allowed to escape from the coffee packaging, it can build up pressure inside the bag or container, which can lead to bloating or even bursting of the packaging.
Degassing valves are designed to release CO2 gas while preventing oxygen and other contaminants from entering the package. By doing so, these valves help to maintain the freshness and flavor of coffee. It can preserve the optimal levels of carbon dioxide and limit the exposure of coffee to outside air.
Leading companies in the degassing valves market are concentrating on developing sustainable solutions and innovations. A few other players are raising their focus on creating eco-friendly and unique solutions for the coffee packaging market.
For instance,
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Attribute | Details |
---|---|
Estimated Market Size (2023) | US$ 21.9 million |
Projected Market Valuation (2033) | US$ 21.9 million |
Value-based CAGR (2023 to 2033) | 4.8% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ million) |
Segments Covered | Material, Product Type, Packaging Format, End Use, Country |
Key Countries Covered | United States, Canada |
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. |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The United States and Canada dominate the global market.
The market is forecast to register a CAGR of 4.8% through 2033.
From 2018 to 2022, the market registered a CAGR of 3.1%.
Technological advancement disrupts the current market trends.
The global market size is expected to reach US$ 34.9 million by 2033.
1. Executive Summary | United States & Canada Degassing Valves Market 1.1. Market Outlook 1.2. Market Analysis 1.3. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Market Demand Analysis 2016 to 2022 and Forecast, 2023 to 2033 5.1. Historical Market Volume (million Units) Analysis, 2016 to 2022 5.2. Current and Future Market Volume (million Units) Projections, 2023 to 2033 5.3. Y-o-Y Growth Trend Analysis 6. Degassing Valves Market - Pricing Analysis 6.1. Regional Pricing Analysis by Product Type 6.2. Average Pricing Analysis Benchmark 7. Market Demand (in Value or Size in US$ million) Analysis 2016 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ million) Analysis, 2016 to 2022 7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. United States & Canada Packaging Market Outlook 8.2. United States & Canada Coffee Industry Growth Outlook 8.3. Macro-Economic Factors 8.4. Forecast Factors - Relevance & Impact 8.5. Value Chain 8.5.1. Raw Material Suppliers 8.5.2. Degassing Valves Converters/Manufacturers 8.5.3. Distributors 8.5.4. End Users 8.6. COVID-19 Crisis – Impact Assessment 8.6.1. Current Statistics 8.6.2. Short-Mid-Long Term Outlook 8.6.3. Likely Rebound 8.7. Market Dynamics 8.7.1. Drivers 8.7.2. Restraints 8.7.3. Opportunity Analysis 9. Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (million Units) Analysis by Product Type, 2016 to 2022 9.3. Current and Future Market Size (US$ million) and Volume (million Units) Analysis and Forecast By Product Type, 2023 to 2033 9.3.1. Filter Integrated Valves 9.3.2. Non-filter Integrated Valves 9.4. Market Attractiveness Analysis By Product Type 10. Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Material 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ million) and Volume (million Units) Analysis By Material, 2016 to 2022 10.3. Current and Future Market Size (US$ million) and Volume (million Units) Analysis and Forecast By Material, 2023 to 2033 10.3.1. PE Valve 10.3.2. PP Valve 10.3.3. Bio-based 10.3.4. Silicone 10.3.5. Others 10.4. Market Attractiveness Analysis By Material 11. Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Packaging Format 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ million) and Volume (million Units) Analysis By Packaging Format, 2016 to 2022 11.3. Current and Future Market Size (US$ million) and Volume (million Units) Analysis and Forecast By Packaging Format, 2023 to 2033 11.3.1. Bags 11.3.2. Pouches 11.4. Market Attractiveness Analysis By Packaging Format 12. Market Analysis 2016 to 2022 and Forecast 2023 to 2033, by End Use 12.1. Introduction / Key Findings 12.2. Historical Market Size (US$ million) and Volume (million Units) Analysis By End Use, 2016 to 2022 12.3. Current and Future Market Size (US$ million) and Volume (million Units) Analysis and Forecast by End Use, 2023 to 2033 12.3.1. Coffee 12.3.2. Dairy 12.3.3. Pet Food 12.3.4. Fermented Food 12.3.5. Other End Use 12.4. Market Attractiveness Analysis By End Use 13. Market Analysis 2016 to 2022 and Forecast 2023 to 2033, by Country 13.1. Introduction / Key Findings 13.2. Historical Market Size (US$ million) and Volume (million Units) Analysis By Country, 2016 to 2022 13.3. Current and Future Market Size (US$ million) and Volume (million Units) Analysis and Forecast by Country, 2023 to 2033 13.3.1. United States 13.3.2. Canada 13.4. Market Attractiveness Analysis by Country 14. Market Structure Analysis 14.1. Market Analysis by Tier of Companies (Degassing Valves) 14.2. Market Share Analysis of Top Players 14.3. Market Presence Analysis 15. Competition Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Competition Deep Dive 16. (United States & Canada Based/Operating Key Market Players) 16.1.1. Plitek Valves Inc. 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments (Product/Channel/Region) 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.2. CCL Industries 16.1.3. Goglio SpA 16.1.4. Wipf Holding AG 16.1.5. Syntegon Technology GmbH 16.1.6. FLAIR Flexible Packaging Corporation 16.1.7. UrthPact, LLC 16.1.8. Layfield Group Ltd 16.1.9. Amcor plc 16.1.10. TricorBraun Flex 16.1.11. Fres-co System USA, Inc. 17. The above list is indicative in nature and is subject to change during the course of the research 18. Assumptions and Acronyms Used 19. Research Methodology
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