The effervescent packaging market is projected to grow at a CAGR of 6.64% during the forecast period.
Effervescent packaging refers to the 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 the 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 a competitive edge are 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
are 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 the presence of key players in the region along with the 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.
Growing health consciousness.
Budding pharmaceutical industry.
Strict regulations regarding plastic usage.
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 blister packaging
In August 2017, Sanner Gmbh invested 3 million euros in the 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.
The effervescent packaging market has been analyzed through the following segments:
By Pack Type
By End Use
Middle East and Africa