At 7.2% Of CAGR, Empty Capsules Market To Hit US$ 2,728.5 Mn By 2027 | Coherent Market Insights
“The Empty Capsules Market 2021 – 2027 report covers the important factors driving the growth of the market, untapped opportunities for manufacturers, trends and developments shaping the dynamics of the market and other insights across various key segments.”
The Empty Capsules research report covers the current scenario and the growth prospects of the global Empty Capsules industry forecast 2021 – 2027. The report enlists several important factors, starting from the basics principal to advanced market intelligence which play a vital part in strategizing. Empty Capsules manufacturers and is a important source of guidance and direction for companies and individuals interested in the Empty Capsules industry.
Hard gelatin capsules are made of gelatin from animal bones and skin. These capsules are divided into two halves: a smaller diameter “body”, which is sealed with a larger diameter “cap” after filling. Hard gelatin capsules are used to encapsulate dry, powder or micro, semi-solid and liquid ingredients.
It is estimated that by the end of 2027, the global empty capsules market will reach US$ 3,122.5 million in terms of value.
During the forecast period, increased demand for vegan/gelatin-free capsules is expected to drive growth in the global empty capsules market. This is due to the growing preference for vegan/ gelatin-free capsules and organic products. In addition, growing application of hydroxypropyl methylcellulose capsules are expected to contribute to the growth of the global empty capsules market.
Hydroxypropyl methylcellulose is derived from plant cellulose. Contains no preservatives, gelatin, wheat, gluten, animal by-products or starch. For materials with a more semi-solid or gel composition, cellulose is the preferred capsule matrix. In 2014, North America occupied a dominant position in the global empty capsule market, contributing about 40.3 percent, followed by Asia Pacific.
Gelatin capsules can cause certain allergy-like symptoms in patients allergic to bovine or bovine gelatin products. This in turn is expected to hamper market growth. Additionally, the high cost of vegetarian capsules is also expected to hamper the growth of the global empty capsules market. The high cost of vegetarian capsules is attributed to high manufacturing and raw material costs.
Market participants should focus on correcting the imbalance between supply and demand caused by insufficient supply of raw materials and strong demand for empty capsules. This can be achieved through strategic cooperation between manufacturers and suppliers of raw materials.
Crosslinking is a major problem in capsule production. The crosslinking reaction affects the solubility of the cross-linked polymer and the opening time of the capsule. This can be overcome by using high-quality pharmaceutical excipients and active ingredients that are free from aldehyde contamination. The oral drug delivery segment of the global empty capsule market in 2019 is valued at US $ 1.5634 billion, and is expected to reach US $ 2,728.5 billion by 2027, with a CAGR of 7.2 percent over the forecast period.
Rising number of clinical trials are expected to lead to increased demand for empty capsules. According to data from ClinicalTrials.gov, clinical trials were performed 32,524 times in the U.S. in 2019, compared to 30,978 times in 2018.
HPMC hard shell capsules are emerging as an alternative to traditional gelatin capsules for oral administration of pharmaceutical formulations containing gelatin when there is physical incompatibility.
Manufacturers are focusing on developing next-generation capsules, such as HPMC polymer capsules (Capsugel, Vcaps Plus) that do not require a secondary gelling agent through the thermal gel process.
Edible gelatin and hydrolyzed collagen:
Regulation (EC) No 853/2004 sets the general conditions for the production of edible gelatin and hydrolyzed collagen. It covers all aspects from raw materials for delivery of the final product: origin, transport and storage of raw materials, manufacturing conditions, chemical requirements for the gelatin and hydrolyzed collagen, as well as packaging, storage and transport.
The European Pharmacopoeia also provides some specific requirements for the production of pharmaceutical gelatin and hydrolyzed collagen, as well as physical, chemical and microbiological quality requirements for the finished products.
Key companies contributing in the global empty capsules market are Sunil Healthcare Ltd., Bright Pharma Caps, Inc., Qualicaps, Inc., Capsugel, ACG Group, Medi-Caps Ltd., Suheung Co., Ltd., Snail Pharma Industry Co., Ltd., Roxlor LLC, and CapsCanada Corporation.
Major market players focus on adopting merger and acquisition strategies to expand their product portfolios. In August 2019, ACG Engineering, a subsidiary of the ACG Group, acquired Xertecs GmbH, a German pharmaceutical processing equipment company.
Major market players are also focusing on product development to expand their product portfolio. In May 2019, Lonza launched Capsugel Zephyr, its new portfolio of dry powder inhalation capsules, a customized solution for optimizing drug delivery to the lungs.
“Limited Time Offer”
Get This premium report with Instant US$ 2000 discount @ https://www.coherentmarketinsights.com/promo/buynow/1328
Main points in Empty Capsules Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Empty Capsules Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Empty Capsules Industry Impact
Chapter 2 Global Empty Capsules Competition by Types, Applications, and Top Regions and Countries
2.1 Global Empty Capsules (Volume and Value) by Type
2.3 Global Empty Capsules (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Empty Capsules Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Empty Capsules Market Analysis
Chapter 6 East Asia Empty Capsules Market Analysis
Chapter 7 Europe Empty Capsules Market Analysis
Chapter 8 South Asia Empty Capsules Market Analysis
Chapter 9 Southeast Asia Empty Capsules Market Analysis
Chapter 10 Middle East Empty Capsules Market Analysis
Chapter 11 Africa Empty Capsules Market Analysis
Chapter 12 Oceania Empty Capsules Market Analysis
Chapter 13 South America Empty Capsules Market Analysis
Chapter 14 Company Profiles and Key Figures in Empty Capsules Business
Chapter 15 Global Empty Capsules Market Forecast (2021-2027)
Chapter 16 Conclusions
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
- CDN Newswire