Business

Effervescent Packaging Market To Observe Strong Development By 2024

May 11, 2021

Transparency Market Research delivers key insights on the effervescent packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global effervescent packaging market is estimated to expand at a CAGR of 8% during the forecast period, owing to numerous factors, about which TMR offers thorough insights and forecast in this report.

Effervescent Packaging Market: An Overview

The global effervescent packaging market is a multi-billion dollar market and is projected to have a rapid growth through 2027. Effervescent packaging is mainly used for the packaging of effervescent products which need to be protected from getting in contact with moisture. The primary packaging types for effervescent products include blisters, bottles, tubes, sachets, and stick packs. Effervescent Packaging has application in diverse market segments including pharmaceuticals, dietary supplements & nutraceuticals, household, cosmetics & personal care. The rapid growth is owing to factors such as rise in e-commerce resulting in the easy availability of the effervescent products, and booming growth in the dietary supplements end use sector. Health consciousness and growing sports industry has led to consumption of vitamin and nutrient supplements which is expected to boost the market in the years to come. Product developments and new launches by major players are likely to provide growth opportunities for the effervescent packaging market. The global effervescent packaging market has exhibited market dynamics particularly driven by the consumer interest in preventive health, and the increasing popularity of the fast dissolving drug delivery systems.

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North America to dominate the Effervescent Packaging Market Growth

As per TMR analysis, North America effervescent packaging market is projected to clock a CAGR of 8% through 2027 due to the presence of major players in the region. Consumption of dietary supplements is a predominant factor in consumption of effervescent products. Moreover, Asia Pacific is anticipated to grow at a significant rate due to large population and increasing disposable income along with growing health consciousness and increased consumption for dietary supplements. This is expected to boost the growth of effervescent packaging in the region.

In addition, the global effervescent packaging market is expected to shift from polyethylene effervescent packaging to polypropylene effervescent packaging due to extreme thermo stability of polypropylene with the packaged products. The effervescent packaging market is also witnessing a shift from sachets to tubes for the primary packaging. This enhances the barrier properties and prevents damage to the content of the package. This is anticipated to fuel the market demand for effervescent packaging.

Matured Consumer base of Europe to Represent a Sustained Demand for Effervescent packaging

Geographically, the Europe region is estimated to account for nearly 40% of the effervescent packaging market by the end of 2020. The demand for effervescent packaging in Europe is primarily driven by the increasing demand for nutrients to enhance wellbeing and expanded expenditure by the population are the key factors driving the market development. Germany, France, U.K and Italy represent contribute over 55% in the European effervescent packaging market.

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Effervescent packaging market: Competition Landscape

In the global market report for effervescent packaging, the competition landscape is discussed in detail. Key players profiled in the effervescent packaging market are Romaco Pharmatechnik GmbH, Unither Pharmaceuticals, Amcor Limited, Sanner GmbH, Parekhplast India Ltd., Oracle Packaging, Inc., Tower Laboratories, Ltd., Amerilab Technologies, Inc., Nutrilo GmbH and Hebei XINFUDA Plastic Products Co., Ltd.

Global Effervescent packaging market Structure

Global Effervescent packaging market by Primary Packaging