14-Jul-2023 | Zion Market Research
The global one-way degassing valve industry size was nearly $10.2 billion in 2022 and is set to increase to about $15.2 billion by 2030 with a CAGR of nearly 11.1% between 2023 and 2030.
The one-way degassing valve helps coffee bags escape unwanted emissions such as carbon dioxide. Reportedly, a one-way degassing valve is also called a coffee or freshness valve. These products allow the release of pressure from an airtight package and disable the external air from entering the package. They play a key role in coffee preservation and help it in losing its taste and freshness. Moreover, rise in the coffee production in the countries such as India and Brazil are predicted to encourage the manufacturers of the one-way degassing valve to establish their manufacturing units in these countries.
This review is based on a report by Zion Market Research, titled "One-Way Degassing Valve Market By Type (Polyethylene (PE) Check Valve And Polypropylene (PP) One-Way Degassing Valve), By Application (Coffee, Cheese, Pet Foods, Dry Powder Chemicals, Specialty Powders & Rock Salt, And Fertilizers & Grass Seeds), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/one-way-degassing-valve-market
Growing demand for the packaging of fertilizers, cheese, dry powder chemicals, pet foods, grass seeds, and fertilizers will proliferate the growth of the one-way degassing valve market across the globe. With growing product penetration in bakery products, the market is likely to gain traction in the years ahead. The inclusion of one-way degassing valves in pouches assists in retaining the food quality and this is predicted to translate into humungous market demand. Apart from this, the massive need for storing, distributing, and shipping processed food items will enlarge the scope of growth of the global market. Moreover, in April 2019, Plitek, a key player manufacturing one-way degassing systems, launched an oil-free one-way degassing valve. The move is likely to provide impetus to the expansion of the global market.
Nonetheless, the huge upfront costs of installing the degassing valves can pose a big threat to the growth of the global one-way degassing valve industry in the years ahead. However, the thriving retail sector with an increase in the sales & distribution of one-way degassing valves will create new growth opportunities for the industry across the globe.
The global one-way degassing valve market is divided into type, application, and region.
On the basis of type, the global one-way degassing valve industry is sectored into polyethylene (PE) check valve and polypropylene (PP) one-way degassing valve segments. Furthermore, the polypropylene (PP) one-way degassing valve segment, which accumulated massive revenue in 2022, is expected to record the highest CAGR over the assessment timeline. The growth of the segment over 2022-2030 can be credited to the ability of the polypropylene (PP) one-way degassing valve for controlling gas flow in a specific direction. Apart from this, these products are mainly utilized for regulating gaseous pressure, thereby steering the segmental surge.
Based on the application, the global one-way degassing valve market is segmented into coffee, specialty powders & rock salt, cheese, dry powder chemicals, pet foods, and fertilizers & grass seeds segments. Moreover, the coffee segment is predicted to make lucrative contributions to the size of the one-way degassing valve market over the next eight years. The segmental growth can be attributed to the massive use of one-way degassing valves in coffee production.
North America is predicted to dominate the growth of the global one-way degassing valve market over the forecast timeframe owing to the large-scale use of one-way degassing valves in the agriculture sector in the countries such as the U.S. and Canada. In addition to this, humungous applications of fertilizers and pesticides will prompt a regional market surge. The rise in the number of food processors and growing concerns about environmental pollution is likely to scale up the expansion of the market in the region. In the first half of 2018, Illycafe, an Italian firm, recalled nearly 65,000 cans of coffee missing one-way degassing valves that were sold to the U.S. In addition to this, in the last quarter of 2020, Tchibo, a coffee-producing firm based in Europe, entered the U.S. market by declaring an agreement of distribution with Rainmaker Food Solutions, a U.S.-based distributor. The move will help the former expand its business in the U.S., thereby steering the regional market growth.
The one-way degassing valve market profiles key players such as:
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