REPORT HIGHLIGHT
One-Way Degassing Valve Market size was valued at USD 10,306.9 Million in 2022, expanding at a CAGR of 10.3% from 2023 to 2030.
A coffee valve is another name for a one-way degassing valve. It facilitates the gradual escape of carbon dioxide and other volatile gases from the bag without contacting the atmosphere, which is beneficial for coffee and ground coffee beans. The device makes sure that the carbon dioxide released during coffee bean roasting aids in preventing oxygen from entering the coffee bag since oxygen oxidizes coffee, reducing its taste and quality.
One-Way Degassing Valve Market - Market Dynamics:
- Increasing coffee culture drives market growth
- Freshly roasted coffee beans and specialty coffee are becoming more and more popular worldwide, contributing to the rising coffee culture. In keeping with the trend toward premium coffee goods, one-way degassing valves are crucial for packing roasted coffee to preserve its quality and fragrance. For instance, according to confidential consumer research conducted by the National Coffee Association (NCA), coffee consumption in the United States has increased to its highest level in two decades as people brew up new post-COVID habits. More Americans than any other beverage, including tap water, now consume coffee every day (66%), the highest percentage since NCA started keeping track of data. Since January 2021, coffee consumption has increased by over 14%. Moreover, Americans' coffee consumption outside the home has climbed by 8% since January 2021, according to the Dig Insights/NCA Spring 2022 National Coffee Data Trends (NCDT) study. Coffee consumption at home is still higher than it was before the outbreak. Currently, 84% of coffee users had coffee at home the day before, up from 80% in January 2020. Thus, the aforementioned statistics drive the market growth during the forecast period.
One-Way Degassing Valve Market - Key Insights:
- As per the analysis shared by our research analyst, the global One-Way Degassing Valve market is estimated to grow annually at a CAGR of around 10.3% over the forecast period (2023-2030).
- The One-Way Degassing Valve industry is projected to grow at a significant rate due to the rising coffee culture.
- Based on the type, the Polyethylene (PE) Check Valve segment is expected to dominate the market during the forecast period.
- Based on region, North America is expected to dominate the market during the forecast period.
One-Way Degassing Valve Market- Segmentation Analysis:
- The Global One-Way Degassing Valve Market is segmented based on type, application, and Region.
- Based on the type, the global market is segmented into Polyethylene (PE) Check Valves and Polypropylene (PP) One-Way Degassing Valves. The Polyethylene (PE) Check Valve segment is expected to dominate the market during the forecast period. The capacity of the product to limit the flow of gas in one direction may be a factor in the segmental expansion in the forecasted years. In addition, the enormous need for cost-effective, high-performing materials in a wide range of industrial applications will support the product's scope in the next years. Engage L'amante Luxury Perfume Sprays with Bag on Valve technology was released on June 20, 2023, by ITC Limited, a significant participant in the packaging industry. Such actions may inspire producers of polyethylene (PE) check valves to introduce cutting-edge goods. Thereby, driving the segment growth.
One-Way Degassing Valve Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market over the forecast period. Check valves are in high demand for agricultural applications in nations like the United States and Canada. Other than this, increasing pesticide and fertilizer use is one of the valves' primary application domains. The growth of the industry in the region will accelerate due to the rise in the number of food processing facilities and the tight restrictions put in place by the U.S. FDA. Therefore, this is expected to propel the market growth during the forecast period.
One-Way Degassing Valve Market- Competitive Landscape:
To remain competitive in the market the key players adopted various strategies including product launches, acquisitions, partnerships, agreements and others. The key players are Chemvalve, Fres-co System USA, Flexis, NuZee Inc., TedPack, WITT-GASETECHNIK GmbH & Co KG, Chemvalve, CCL Industries, Goglio S.p.A., Pacific Bag, PBFY Flexible Packaging, Swiss PAC, Plitek, Witt Gas, Amarama Engineers, Jordan Valves & Regulators and Wojin Plastic Product Factory.
Recent Developments:
In March 2023, a cooperation agreement to commercialize a new, patented Japanese technology called TiMELESS® in the United States and Mexico was announced by NuZee, Inc., a leading inventor in coffee technology and co-packer of single-serve specialty coffee forms. A novel flexible film sealing technique called TiMELESS does away with the necessity for one-way plastic degassing valves, which are widely used in the pet food and coffee packaging industries, among other sectors.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ONE-WAY DEGASSING VALVE MARKET KEY PLAYERS
- Chemvalve
- Fres-co System USA
- Flexis
- NuZee Inc.
- TedPack
- WITT-GASETECHNIK GmbH & Co KG
- Chemvalve
- CCL Industries
- Goglio S.p.A.
- Pacific Bag
- PBFY Flexible Packaging
- Swiss PAC
- Plitek
- Witt Gas
- Amarama Engineers
- Jordan Valves & Regulators
- Wojin Plastic Product Factory
GLOBAL ONE-WAY DEGASSING VALVE MARKET, BY TYPE
- Polyethylene (PE) Check Valve
- Polypropylene (PP) One-Way Degassing Valve
GLOBAL ONE-WAY DEGASSING VALVE MARKET, BY APPLICATION
- Coffee
- Cheese
- Pet Foods
- Dry Powder Chemicals
- Specialty Powders & Rock Salt
- Fertilizers & Grass Seeds
GLOBAL ONE-WAY DEGASSING VALVE MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA