Empty Capsules Market 2023 – 2030 By End User (Pharmaceutical Manufacturers, Nutraceutical Manufacturers, and Others),Product (Gelatin Capsules and Non-Gelatin Capsules), Raw Material (Pig Meat, Bovine Meat, Bone, Hydroxypropyl Methylcellulose, and Others), Therapeutic Application (Antibiotic & Antibacterial Drugs, Vitamin & Dietary Supplements, Antacids & Anti-flatulent preparations, Cardiac Therapy Drugs, and Others) - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Healthcare | Pages : 187 Pages | Published On : Jul 2023
The global market for empty capsules reached a value of $2,382.7 million in 2020 and is projected to reach $5,230.4 million by 2030, growing at a CAGR of 8.1% from 2023 to 2030. Capsules are solid pharmaceutical dosage forms that enclose drugs or drug combinations within a shell. Empty capsules are commonly used for storing powders, drugs, and herbs, offering easier swallowing compared to tablets. Pharmaceutical manufacturers utilize empty capsules to prepare various therapeutic drugs. These capsules are made of gelatin or non-gelatin materials (such as pullulan, HPMC, and starch) and are available in different shapes, sizes, and colors. Hard gelatin capsules, composed of gelatin and purified water, are widely used in the pharmaceutical industry.
The COVID-19 pandemic has negatively impacted the global empty capsules market. The strain on healthcare systems worldwide and the need for diagnostic instruments and treatment centers for humans have disrupted the manufacturing sector due to limited movements of goods, services, and government regulations. The pharmaceutical and biotechnology industry, including the empty capsules market, has been affected by the pandemic.
The growth of the global empty capsules market is primarily driven by the increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, diabetes, and gastrointestinal diseases. There is also a rising demand for gelatin capsules, increased funding from private and government organizations for capsule manufacturing units, and a surge in research and development activities for the development of therapeutic products encapsulated in capsules.
The increasing number of chronic diseases and the demand for therapeutic drugs encapsulated in gelatin and soft gelatin empty capsules contribute to the market's growth. Additionally, the popularity of capsule drug delivery forms, the focus on healthcare supplements for maintaining good health, and the rise in clinical studies evaluating the safety and efficacy of therapeutic drugs drive market growth. The growing elderly population, the need for immunity boosters and dietary supplements, and technological advancements in manufacturing plant-derived capsules also create opportunities for market expansion. Government initiatives to develop the pharmaceutical industry and the presence of key manufacturing companies further fuel market growth.
However, ethical concerns, price fluctuations related to gelatin materials, and stringent regulations in the pharmaceutical industry may limit the market's growth during the forecast period.
Global Empty Capsules Market Segmentation:
The global empty capsules market is segmented based on product, raw material, therapeutic application, end user, and region. The product segment includes gelatin capsules and non-gelatin capsules. The raw material segment is divided into pig meat, bovine meat, bone, hydroxypropyl methylcellulose (HPMC), and others. Therapeutic application categories consist of antibiotic & antibacterial drugs, vitamin & dietary supplements, antacids & anti-flatulent preparations, cardiac therapy drugs, and others. The end user segment is classified into pharmaceutical manufacturers, nutraceutical manufacturers, and others.
Regional Analysis:
The empty capsules market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America, including the U.S., Canada, and Mexico, held a major share in 2020 and is expected to dominate during the forecast period. Asia-Pacific is projected to experience the highest growth rate, driven by an increase in the geriatric population and the demand for immunity booster products.
Segment Review:
In terms of product, the gelatin capsules segment dominated the market in 2020 due to advancements in R&D activities and the advantages of gelatin capsules compared to other drug delivery forms. However, the non-gelatin capsules segment is expected to witness considerable growth, driven by the demand for HPMC capsules and the development of plant-derived capsule manufacturing units.
By therapeutic application, the antibiotic & antibacterial drugs segment was the major contributor in 2020 and is expected to maintain its lead. The vitamin & dietary supplements segment is projected to witness significant growth due to the increasing demand for immunity boosters, the rise in the geriatric population, and the surge in demand for nutraceutical products.
The pharmaceutical manufacturers segment dominated the market in terms of end users in 2020, with the trend expected to continue. The nutraceutical manufacturers segment is anticipated to experience considerable growth due to the increasing demand for healthcare supplements and government initiatives to promote awareness about dietary supplements.
Key Players:
Key players in the global empty capsules market include ACG Worldwide, Bright Pharma Caps Inc., CapsCanada Corporation, Lonza Group Ltd. (Capsugel), Medi-Caps Ltd., Mitsubishi Chemical Holdings Corporation (Qualicaps, Inc.), Roxlor LLC, Snail Pharma Industry Co. Ltd, Suheung Co., Ltd, and Sunil Healthcare Ltd.
Key Benefits for Stakeholders:
• The study provides an in-depth analysis of the empty capsules market, current trends, and future estimations to identify investment opportunities.
• A quantitative analysis of the market from 2023 to 2030 helps stakeholders capitalize on prevailing opportunities.
• Extensive analysis based on procedures and services assists in understanding industry trends.
• Thorough analysis of key players and their strategies helps understand the competitive outlook of the empty capsules market.
Empty Capsules Market Report Highlights
By Therapeutic Application
• Antibiotic & Antibacterial Drugs
• Vitamin & Dietary Supplements
• Antacids & Anti-Flatulent Preparations
• Cardiac Therapy Drugs
• Others
By End User
• Pharmaceutical Manufacturers
• Nutraceutical Manufacturers
• Others
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
By Product
• Gelatin Capsules
• Non-Gelatin Capsules
By Raw Material
• Pig Meat
• Bovine Meat
• Bone
• Hydroxypropyl Methylcellulose (HPMC)
• Others
TOC
Table and Figures
Methodology:
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Market Growth Drivers
Leading Market Players
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