Frequently Asked Questions:
The global degassing valves market was valued at USD 0.15 Billion in 2022.
The degassing valves market is expected to grow at a CAGR of 5.20% between 2023 and 2030, reaching USD 0.21 Billion in 2030.
Filter integrated valves are the leading segment by type, holding over 43% share in value in 2022.
The coffee segment governs the demand for degassing valves globally, holding a massive share of over 80% in 2022.
The coffee segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the degassing valves industry, with over 30% share in 2022.
The top players include CCL Industries, Syntegon Technology GmbH, FLAIR Flexible Packaging Corporation, Goglio, Amcor, Plitek Valves, TricorBraun Flex, Wipf Holding, Tungyi Hardware, Fres-co System, UrthPact.
The major market drivers are rising millennial coffee consumption and increased import and export of coffee goods globally.
Degasser installation comes with high upfront expenditures, which could be problematic for small and medium-sized businesses are the major market restraints.
Greater growth opportunities for Indian degassing valve producers due to increased coffee drinkers. There is a growing need for degassing valves due to rising coffee retail sales in the nation. However, market players in India are primarily focused on deploying degassing valves for packaging dairy goods are the major opportunities in the degassing valves industry.