The effervescent packaging market is projected to grow at a CAGR 6.64% during the forecast period. Effervescent packaging refers to packaging of effervescent tablets which break down on contact with water. The growing pharmaceutical industry is expected to be a key factor driving the market for effervescent packaging. Further, the rising health consciousness coupled with budding sports industry is leading to increased consumption of vitamin tablets and more which is anticipated to boost the market in the upcoming years. Moreover, product innovations by major players with an aim to gain competitive edge is projected to provide growth opportunities f0r the effervescent market during the forecast period. The market has been segmented by pack type, material, end use and geography. In the end use segment, pharmaceuticals and dietary supplements is expected to grow at a significant rate owing to the increased consumption of vitamins and other effervescent tablets. Geographically, North America is projected to be a substantial region on account of presence of key players in the region along with budding consumption of effervescent products. Further, Asia Pacific is anticipated to grow at a significant rate due to the rising disposable income coupled with growing health consciousness, leading to increased consumption of dietary supplements which is further anticipated to drive the market during the forecast period.
DRIVERS
Growing health consciousness.
Budding pharmaceutical industry.
RESTRAINTS
Strict regulations regarding plastic usage.
INDUSTRY UPDATES
In September 2018, Sanner expanded its production in Hungary by opening new production sites.
In September 2018, PCI and CSP Technologies entered into a strategic collaboration for stability testing utilizing of blister packaging solutions.
In August 2017, Sanner Gmbh invested 3 million euros in Bensheim Production facility for the purpose of expansion.
The major players profiled in the Effervescent packaging market include Sanner Gmbh, Aptar Group Inc., Unither Pharmaceuticals, Romaco Group, Amcor Ltd., Amerilab Technologies Inc., Tekni-Plex Inc., Parekhplast India Ltd., PHW Group Lohmann & Co. AG., Hebei Xinfuda Plastic Products Co., Ltd and Tower Laboratories Ltd.
Segmentation
The effervescent packaging market has been analyzed through the following segments:
By Pack Type
Bottles
Blisters
Sachets
Tubes
Others
By Material
Plastic
Metals
By End Use
Pharmaceuticals
Cosmetics
Dietary supplements
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
