Liquid Fill Capsule Market: Rise in popularity of capsules over alternative drug delivery forms to drive the market, Top Key Players: Medi Caps Ltd., Lonza Group AG, Health Caps India Ltd., Contract Pharma Solutions
The report provides in-depth knowledge about the utilization and adoption of the Liquid Fill Capsule industry in various applications, types, and regions/countries. In addition, the main stakeholders can identify the main trends, investments, driving factors, initiatives of vertical players, the government’s pursuit of product acceptance in the next few years, and insights into the commercial products that exist in the market.
The Liquid Fill Capsule Market research report provides an analysis of major manufacturers, geographic regions, and provides advanced information about the major challenges that will affect market growth. The report includes definition, classification, application and industrial chain structure, development trend, analysis of the competitive landscape, and analysis of distributors in key regions. The report also provides supply and demand data, revenue, and share.
According to the report, the global liquid-filled capsules market was valued over US$ 2 Bn in 2020 and is projected to expand at a CAGR of ~8% from 2021 to 2026
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Competitive Landscape, Top Key Players: Medi Caps Ltd., Lonza Group AG, Health Caps India Ltd., Contract Pharma Solutions, Sunil Synchem Ltd.
Global Liquid Fill Capsule
The Liquid Fill Capsule is one such product, which is used in various industries for various purposes. It is a container that can hold any liquid from the simplest water into the most complex chemical and medical fluids. Liquid Fill Capsule manufacturers play an important role in the successful execution of Pharmaceutical product marketing strategies. It is the prime factor in carrying out the design and development work for developing new pharmaceutical products and also helps in retaining and increasing the research and development budgets
Increasing consumption of over-the-counter pharmaceutical products is a prime factor driving the growth of the Liquid Fill Capsule market. Moreover, the growing usage of liquid-filled capsules in the nutraceuticals industry is again expected to uplift the growth of the market. Additionally, awareness regarding nutritional supplements is also expected to foster growth in the market. An increasing number of health-conscious consumers will further favor the growth of the market over the forecast period. Rapid growth in the pharmaceutical industry will have a positive impact on the growth of the Liquid Fill Capsule market. According to the pharmaworld, the global pharmaceutical market is expected to overcome $1.5 trillion by 2023, from the $1.2 trillion of 2018, at an annual growth rate of 3-6%.
North America is expected to witness significant growth over the forecast period and this is attributed to the increasing practice of self-medication among consumers in the region. Moreover, key players are highly involved in the development of innovative Liquid Fill capsules in the market. For instance, in March 2021, CapsCanada, a Lyfe Group company has announced the launch of a new liquid-filled hard capsule manufacturing service.
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By the product type, the market is primarily split into
- Liquid Fill Hard Capsule
- Liquid Fill Soft Capsule
By the end-users/application, this report covers the following segments
- Health and Nutrition
- In January 2021, Lonza sold 2 plants to NextPharma for a $93M capsule expansion. Both sites produce lipid oral-dose drugs as liquid-filled hard capsules and softgels.
- In May 2019, Chiasma, Inc. a clinical-stage biopharmaceutical company, and Lonza announced that the companies have entered into a commercial supply agreement for CHIASMA OPTIMAL Phase 3 clinical trial of octreotide capsules
- In September 2019, Alliance Contract Pharma Adds $2M Liquid Capsule Filling. The line is fully operational and significantly increases the company’s manufacturing capacity and provides increased redundancy and flexibility for clients
Impact of COVID-19:
The industry is mainly driven by increasing financial incentives and regulatory support from governments around the world. The current Liquid Fill Capsule market is mainly affected by the COVID-19 pandemic. Liquid Fill Capsule Market document looks into the impact of Coronavirus (COVID-19). Since December 2019, the COVID-19 contamination spread to nearly 180+ countries around the sector with the World Health Organization pronouncing it a popular well-being crisis. The worldwide consequences of the Covid contamination 2020 (COVID-19) are actually starting to be felt, and could basically have an effect on the Liquid Fill Capsule market in 2021. Most projects in China, the United States, Germany, and South Korea have been postponed. These companies are facing short-term operational problems due to supply chain constraints and the inaccessibility of factories due to the COVID-19 outbreak. Due to the pandemic impact in China, Japan, and India, the spread of COVID-19 is expected to severely affect the Asia-Pacific region.
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Frequently Asked Questions
What does the report cover?
The report incorporates an analysis of factors that promote market growth. The report introduces the competitive landscape of the global market. This also provides a range of different market segments and applications that may affect the market in the future. The analysis is based on current market trends and historical growth data. It includes detailed market segmentation, regional analysis, and industry competition pattern.
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The report effectively assesses the current market size and provides industry forecasts. The value of this market in 2019 is $XXX million, and the compound annual growth rate during 2021-2026 is expected to be XX%. (*Note: XX values will be given in final report)
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The report effectively assesses the current market size and provides forecasts for the industry in the form of Value (millions USD) and transaction Volume (Thousands Units)
What market dynamics does this report cover?
The report shares key insights on:
- Current market size
- Market forecast
- Market opportunities
- Key drivers and restraints
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- New product approvals/launch
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Liquid Fill Capsule Market 2021-2026: Main Highlights
- The compound annual growth rate of the market during the forecast period 2021-2026
- Detailed information on the factors that will contribute to the growth of the Liquid Fill Capsule market in the next five years
- Estimate the size of the Liquid Fill Capsule market and its contribution to the parent market
- Forecast of upcoming trends and changes in consumer behavior
- Liquid Fill Capsule market growth
- Analyze the market competition landscape and provide detailed information about suppliers
- Detailed information on the factors that comprehensively challenge the growth of vendors in the Liquid Fill Capsule market
- Insightful research reports on the Liquid Fill Capsule market include Pestle analysis, Porter’s five forces analysis, and SWOT analysis to understand the factors that affect consumer and supplier behavior
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