Global Empty Capsules Market is Expected to Reach at a CAGR of 9.10% from 2018 to 2025
A new research report published by Fior Markets with the title Global Empty Capsules Market by Type (Gelatin Capsules, Non-gelatin Capsules), Functionality, Application, End User, and Region” and Global Forecast 2018-2025.
As per the report, the global empty capsules market is expected to grow from USD 2,100.05 Million in 2017 to USD 4,200.31 Million by 2025 at a CAGR of 9.10% during the forecast period from 2018-2025. North America has captured the largest market share and generating the highest revenue during the forecast period. Rising consumer awareness pertaining to nutraceutical products and health-focused trends in the region are driving the growth of the market in the assessment period.
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Key players operating in the market are ACG Worldwide, Capsugel, Suheung Co., Ltd., Qualicaps, Bright Pharma Caps Inc., Capscanada Corporation, Natural Capsules Limited, Qingdao Yiqing Medicinal Capsules Co., Ltd., Nectar Lifesciences Ltd., Healthcaps India Ltd., Medi-Caps Ltd., Snail Pharma Industry Co. Ltd., Roxlor, Sunil Healthcare Ltd. and others. Major players are engaged in developing new technologies to retain their foothold in the global market. For instance, in May 2018, ACG showcased a wide range of capsules, films and foils solutions at the FCE Pharma.
The type segment is classified into gelatin capsules and non-gelatin capsules. Gelatin capsules segment is expected to dominate the segment and was valued around USD 1,113.20 Million in 2017. Rapid drug release, uniform mixing, and a barrier to atmospheric oxygen makes them preferred choice for drug shells. Functionality segment is divided into immediate-release capsules, sustained-release capsules and delayed-release capsules. Immediate-release capsules segment accounted for the maximum market share in 2017. Widespread use in the manufacturing of antibiotics, antacids, painkillers, inhalators and dietary supplements are major contributing factors. Moreover, these are most commonly prescribed capsules for wide range of diseases and disorders. Application segment is bifurcated into antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, antianemic preparations, anti-inflammatory drugs, cardiovascular therapy drugs and other applications. The dietary supplements segment is expected to register the highest CAGR during the forecast period due to increased health awareness and rising affordability in developing countries.
End user segment is classified into pharmaceutical industry, nutraceutical industry, cosmetic industry and research laboratories. The pharmaceutical industry held the largest share of around 44.10% in the forecast period. The growth can be attributed to increasing number of drugs launched as capsule formulations and high demand of innovative drug delivery formulations.
Chronic conditions driving demand of therapeutically-effective medicines to treat chronic health conditions. In addition, introduction of different types of materials for capsule is also driving the market. Lower availability of raw materials is restraining the growth of the market. However, increasing demand from pharmaceutical and healthcare industries are further augmenting the growth of the market.
About the report:
The global empty capsules market is analysed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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