Global Effervescent Packaging Market Growth, Analysis, Size, Share, Opportunities 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 2023
Market Research Future (MRFR), in its new research report, emphasizes that the global effervescent packaging market 2020 is flourishing and poised to grow exponentially over the review period, registering a substantial market valuation and a healthy 7.1% CAGR in the review period.
Drivers and Restraints
The increasing demand for pharmaceutical products such as tablets is expected to drive the demand for the effervescent packaging market size. For patients with swallowing difficulty, effervescent drugs can be a simpler way to get the required medication needed since the intake can be water-based. This factor is assured to create a growing demand for effervescent drugs in the pharmaceutical and nutraceutical sector, consequently fuelling the growth of the effervescent packaging market size over the review period. The effervescent packaging market share is progressively growing due to numerous other factors including the increasing awareness and shift towards precautionary healthcare, a fast-growing market for medicinal care, growing popularity of fast dissolving medicine solutions, among others. The global effervescent packaging market is also gaining traction from a number of factors such as the expanding penetration of e-commerce in a number of emerging economies, and expanding consumer interest in modern healthcare. Moreover, the growth of research and development in the healthcare industry, development of new drug formulas, are, in turn, anticipated to drive the growth for the effervescent packaging market across the world. On the other hand, regulatory issues, lack of financial capacity of regional players, and low penetration in emerging economies are a few limitations affecting the market.
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The major market players operating in the global market as identified by MRFR are Nutrilo GmbH (Germany), Romaco Pharmatechnik GmbH (Germany), Zhejiang Sorfa Life Science Research Co., Ltd (China), Sanner GmbH (Germany), Amerilab Technologies, Inc. (U.S.), Unither Pharmaceuticals (France), Hebei Xinfuda Plastic Products Co., Ltd. (China), Parekhplast India Ltd. (India), and GEA Group (Germany).
The effervescent packaging market has been analysed based on packaging type, product, application and region.
Based upon the packaging type, the effervescent packaging market has been segmented into sachets, tubes, stick packs, and others.
The global effervescent packaging market has been segmented into tablets and powder, based on the product type. The segment of tablets dominates the market based on the product. The pharmaceutical and nutraceutical industries mainly deal in effervescent tablets to treat an extensive variety of illnesses and deficiencies since effervescent tablets make the absorption of the required drugs easier. The segment of effervescent tubes is also estimated to acquire a larger market share since effervescent tablet tubes are non-toxic and immune to microbiological attacks. Therefore, tube-based packaging solutions are deemed favourable for the maintenance of the necessary conditions to preserve product effectiveness and durability.
On the basis of application, the effervescent packaging market has been bifurcated into pharmaceuticals and nutraceuticals.
The geographical analysis of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.
Europe is likely to acquire the highest market share over the review period due to the presence of an established pharmaceutical market and is supported by countries having advanced healthcare expenditure. Some of the major countries in Europe for effervescent packaging are France, Germany, the U.K., Spain, Russia, Italy, and Poland. Additionally, the rising consumer demand for preventive healthcare measures and augmented spending by the government on healthcare are some of the other key factors contributing to the growth of Europe's effervescent packaging market. North America being assessed as the second-largest region in the global effervescent market is considered to record the highest CAGR over the review period. With growing consumer demand for precautionary healthcare and increasing budget provisions, the market is likely to witness substantial growth over the review period.
North America region is also poised to witness significant demand owing to the established pharmaceutical industry in the region and the growing application of effervescent packaging across numerous industry verticals.
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