NEWARK, DE / ACCESSWIRE / May 24, 2023 / Degassing valve sales in the United States and Canada are anticipated to surpass US$ 21.9 million in 2023. From 2023 to 2033, it is projected to increase at a moderate CAGR of 4.8%.
By the end of 2033, it is expected to have a value of US$ 34.9 million. The top 5 degassing valve producers are anticipated to hold between 35% and 40% of the market share.
In recent years, flexible packaging formats have witnessed substantial demand from end users and brand owners. Shift from rigid packaging to flexible packaging is a leading trend in the United States & Canada packaging sector. It is owing to a range of 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 forms of packaging offer several benefits such as good shelf appeal, portion control, and convenience.
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Small degassing valves are a form of modified atmosphere packaging (MAP), which is extremely popular in the regional coffee market.
Consumers prefer products that offer convenient features such as re-sealable options, portability, and easy peel or easy open options. Degassing valves are used in bags and pouches for the packaging of food products that emit gases.
Brand owners operating in the United States and Canada are demanding flexible packaging formats to fulfill their packaging requirements. Moving from rigid to flexible packaging helps brand owners to enjoy high-profit margins.
Sizeable reductions in transportation and packaging costs have resulted in a shift to flexible packaging. Such transitions are likely to create a remarkable demand for degassing valves in both countries.
Rapidly changing lifestyles, drinking patterns, and growing preference for healthy beverages have boosted demand for low-calorie drinks such as low-calorie coffee across the United States & Canada.
Growing health consciousness among millennials, especially related to obesity, is also projected to push demand for low-calorie drinks.
The popularity of various low-calorie drinks is set to surge significantly in the United States and Canada. It would be on the back of several associated benefits such as appetite control and improved metabolism.
Degassing valves are predominantly used in coffee packaging solutions such as bags and pouches to preserve the freshness of coffee for a longer duration. In the last couple of years, drinking coffee and low-calorie coffee have been a few of the most sought-after beverage categories across the United States.
These are anticipated to remain so during the foreseeable future. Consistently rising demand for low-calorie and sugar-free drinks across the United States and Canada is projected to induce a positive impact on 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
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Table of Content
- Executive Summary | United States & Canada Degassing Valves Market
- Market Overview
- Key Market Trends
- Key Success Factors
- Market Demand Analysis 2016 to 2022 and Forecast, 2023 to 2033
- Degassing Valves Market - Pricing Analysis
- Market Demand (in Value or Size in US$ million) Analysis 2016 to 2022 and Forecast, 2023 to 2033
- Market Background
- Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Product Type
- Market Analysis 2016 to 2022 and Forecast 2023 to 2033, By Material
About the Packaging Division at Future Market Insights (FMI)
The packaging division at Future Market Insights (FMI) provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights (FMI) has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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