Empty Capsules Market to Surpass US$ 2.79 Billion Threshold by 2025 Globally - Coherent Market Insights

Published On : Feb 21, 2018

The Global Empty Capsules Market by Product Type (Gelatin Capsules (Porcine, Bovine, and Bone Meal), Non-Gelatin Capsules (HPMC and Pullulan)), By Application (Antibiotics, Vitamins, Anti-Inflammatory, Anti-Anemic and Others), By End User (Pharmaceutical Manufacturers, Nutraceutical Manufacturers and Others), and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 1.55 billion in 2016 and is projected to exhibit a CAGR of 7.7% over the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Advantages offered by capsules over conventional solid dosage forms such as tablets, and development of innovative capsule shell material is expected to fuel growth of the empty capsules market.

Manufacturers are focusing on offering customized products in order to provide innovative empty capsule shells. Rising prevalence of chronic diseases is leading to development of effective drugs and drug administration solutions. Manufacturers offer empty gelatin capsules in various sizes, colors, material, and characteristics. For instance, ACG-Associated Capsules offers capsules through number of brands such as Naturecaps, Ezeefit, Flofit, Marinecaps, and Clinicaps. Brandshield 4C offered by the company, is available in four color circular oriented printing, which can help in brand differentiation, and as an anti-counterfeit measure. CapsCanada offers innovative acid resistant and organic capsules. Moreover, CapsCanada also has customize capsule design facilities for customers. CapsCanada offers flavored capsules such as Lime-Caps, Berry Caps, and Strawberry Caps. In order to enhance their market position, manufacturers publish case studies and reviews related to their products. For instance, Qualicaps published scientific case studies and scientific reviews associated with use of their products. Sunloc received Customer Centric Business Partner 2016 award from Abbott Healthcare in 2016.

Browse 38 Market Data Tables and 27 Figures spread through 181 Pages and in-depth TOC on Empty Capsules Market by Product Type (Gelatin Capsules (Porcine, Bovine, Bone Meal), Non-Gelatin Capsules (HPMC, Pullulan)), By Application (Antibiotics, Vitamins, Anti-Inflammatory, Anti-Anemic and Others), By End User (Pharmaceutical Manufacturers, Nutraceutical Manufacturers and Others), and Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and, Africa) - Global Forecast to 2025

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Key players in the market are focusing on acquisition strategies in order to expand its customer base. For instance, Thermo Fisher Scientific acquired Patheon in August 2017. Patheon offers innovative empty capsule solutions to cater to diverse market fields and needs. For instance, Patheon’s softgel products have increased solubility, and offers development and manufacturing capabilities for specialized products such as highly potent drugs, and hormones. Also, Lonza—a leading supplier based in Switzerland—acquired Capsugel in July 2017. Companies are also focusing on participating in international events and meetings, in order to showcase its offerings and products. For instance, Capsugel participated in Access! 2018 annual meeting sponsored by the Association for Accessible Medicines, Nutraceuticals Europe—an international event, 2018, and 9th annual Global Drug Delivery & Formulation Summit 2018.

Key Takeaways of the Empty Capsules Market:

  • The global empty capsules market is expected to exhibit a CAGR of 7% over the forecast period (2017–2025), owing to innovative product offerings by key players such as Patheon and Capsugel. Gelatin capsules segment holds majority of the market share owing to development of variety of formulations using hard gelatin capsules, and safe delivery of drug molecules for the desired action in the body.
  • Manufacturers in the market are focusing on continuous product development, in order to stay competitive in the market. This is expected to aid in market growth over the forecast period.
  • Increasing application and effectiveness of capsules in administration of variety of drugs including solid, and semisolid is expected to boost growth of the empty capsules market over the forecast period
  • New capsule technologies such as extended release and sustained release have made it possible to increase effectiveness of the drugs as it does not degrade in gastric acid
  • Major players operating in the global empty capsules market are ACG Associated Capsules Pvt. Ltd., Capsugel, Inc., CapsCanada Corporation, Medicaps Ltd., Qualicaps, Inc., JC Biological Technology Co., Patheon, Inc., Roxlor LLC, and Sunil Healthcare Ltd.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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