Effervescent Packaging Market Analysis By Knowledge Sourcing Intelligence

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.