December 16, 2021 04:12 ET | Source: Market Research Future Market Research Future
New York, Dec. 16, 2021 (GLOBE NEWSWIRE) — Effervescent Packaging Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Effervescent Packaging Market Information Report by Packaging Type (Tubes, Sachets, Stick Packs, and others), By Product (Tablets and Powder), by Application (Pharmaceuticals, Nutraceuticals and Others) and By Region – Forecast To 2030”, the market is projected to generate market growth at 8.1% CAGR for the forecast period of 2022 to 2030.
List of the companies profiled in the global Effervescent Packaging Market research report are –
Get Free Sample PDF Brochure
The effervescent packaging market witnesses several strategic initiatives, such as mergers & acquisitions, collaboration, expansion, and product launches. Leading industry players also make strategic investments to drive their research and development activities and expansion plans. Besides, they substantially invest in developing state-of-the-art facilities, equipment, advanced technology, and production processes.
For instance, recently, on May 12, 2021, Sanner announced the availability of closure variants and new tube sizes for a broader range of applications in healthcare products and food supplements, following the launch of its bio-based effervescent tablet packaging in 2020.
Sanner BioBase is its first bio-based packaging made of renewable raw materials for effervescent tablets. The company has also developed the Sanner BioBase portfolio over the past months, tapping into additional markets to meet their needs.
Browse In-depth Market Research Report (188 pages) on Effervescent Packaging Industry
Growing eCommerce Industry Boosts the Market Demand
The effervescent packaging market outlook appears promising. Effervescent packaging offers an effective solution to increase the shelf life of breakable and moisture-sensitive tablets, pharmaceuticals, and nutraceuticals by absorbing moisture within the tube. Resultantly, these packaging solutions find extensive applications in the pharmaceutical industry to ensure the integrity and maintain the quality of products.
The rising demand for innovative effervescent packaging solutions for medical and luxurious cosmetic brands escalates the market growth. Increasing applications drive the market growth, leading to increasing the demand subsequently. Moreover, advancements in packaging technologies escalate the market value on the global platform.
With the spurring rise in pharmaceutical industries worldwide, the market is projected to garner immense gains in the next few years. In this regard, Market Research Future (MRFR) asserts that the global effervescent packaging market is expected to expand notably by 2030, growing at a 8.1% CAGR during the review period (2022-2030).
Additionally, the increasing consumption of convenient and effervescent packaging dispensers creates vast market demand. The extensive use of higher value packaging offering superior performance drives the market growth.
Speak to Analyst:
Also, rising investments made to drive R&D and innovations and stronger support from governments worldwide accelerate the effervescent packaging market value. The emergence of innovative effervescent packaging solutions has positively impacted the market revenues.
On the flip side, price volatility and the demand-supply gap in raw materials are major factors projected to impede the market growth. Nevertheless, advances in packaging production techniques would support market growth throughout the review period, maximizing profitability.
COVID-19 pandemic has positively impacted the global effervescent packaging industry. On one side, where packaging businesses faced several issues related to supply chains, including broken supply of raw materials and difficulties in attracting workers and delivering end products during the lockdown period, the impact of the pandemic on the effervescent packaging industry was swift & positive, which remained high and changed the demand-supply ratio.
The steadily rising demand for packaging of pharmaceutical products & medical supplies to address the virus spread favored the market during the past couple of years. Resultantly, the demand for effervescent packaging remained robust during 2020 and 2021. Further, initiatives from public and private organizations worldwide to prioritize the production, packaging, distribution, and administration of COVID medications would influence market revenues beyond 2021, fostering the production and supply of raw materials.
The effervescent packaging market is segmented into packaging types, products, applications, and regions. Of these, the packaging type segment is bifurcated into tubes, sachets, stick packs, and others. The product segment is bifurcated into tablets, powder, and others. The application segment is bifurcated into pharmaceuticals, nutraceuticals and others. The region segment is bifurcated into the Asia Pacific, Americas, MEA, Europe, and rest-of-the-world.
Request for Customization:
With its burgeoning pharmaceutical industry, the European region accounts for the largest market share in the global effervescent packaging space. The rising consumer demand in the preventive health segment boosts the market size in the region. Moreover, increased government spending on healthcare accelerates the regional market’s Value.
Rapidly growing markets in Germany, France, and the UK, backed by high healthcare expenditure, contribute to the regional market. Additionally, the demand for effective packaging for sensitive pharmaceuticals and nutraceuticals allows the effervescent packaging market in the region to grow rapidly.
North America takes the second lead in the global effervescent packaging market. Factors such as the continuously growing pharmaceutical market and stringent government regulations for the packaging of pharmaceutical products influence the region’s market shares. Additionally, high healthcare spending acts as a key growth driver. The North American effervescent packaging market is to grow to register a significant CAGR during the forecast period.
The Asia Pacific region also holds a sizable share in the effervescent packaging market globally. The burgeoning pharmaceutical industry, especially from China and India, fosters the growth of the regional market. Furthermore, increasing consumption of nutraceuticals in the region substantiates the growth in the APAC effervescent packaging market.
Segmentation of Market covered in the research:
Effervescent Packaging Market Information Report by Packaging Type (Tubes, Sachets, Stick Packs, and others), By Product (Tablets and Powder), by Application (Pharmaceuticals, Nutraceuticals and Others) and By Region – Forecast To 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter