Softgel Tumble Dryer Market to Surpass US$ 269.9 Mn by 2030
Global Softgel Tumble Dryer Market, By Instrument Type (Standard Tumble Dryer and Continuous Tumble Dryer), By End User (Pharmaceutical Companies, Health Supplements Companies, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 128.7 Million in 2023, and is expected to exhibit a CAGR of 11.2% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.
The strategies by key market players like expansion of equipment is expected to drive the global softgel tumble dryer market growth over the forecast period. For instance, on December 24, 2020, Joysun Mech-Tech, a professional supplier and manufacturer of softgel production machine, announced the expansion of the softgel manufacturing production line By market players that includes softgel machines, tumble dryers, gelatin melting tanks, medication tanks, transfer tanks, coloring machines, drying trays, and softgel tooling with complete technical assistance for maintaining and using softgel equipment.
Global Softgel Tumble Dryer Market – Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly and has a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries such as India, China, Brazil, and others faced problems regarding the transportation of drugs from one place to another.
COVID-19 had positive impact on the global softgel tumble dryer market. For instance, on November 13, 2020, ELITA AG, a manufacturer of gelatin and collagen peptides for the food, health, nutrition, and pharmaceutical industries, published data about capsules for the delivery of essential medications, vitamins, minerals, and other healthy ingredients in dietary supplements. Capsules are a reliable oral dosage form. These handy containers allow for accurate dosing, portability, and high consumer adherence. There are also less convenient liquid, powder, or paste formulations. As the world's population ages and COVID-19 becomes a major issue, consumers who care about their health require dosage formats that are simple to use, simple to swallow, and portable. So softgel tumble dryers were employed in the production of gelatin capsules that were intended for a single dosage.
Global Softgel Tumble Dryer Market: Key Developments
On January 12, 2021, Joysun Mech-Tech , a professional supplier and manufacturer of softgel production machine, launched the intelligent softgel manufacturing machinery for the production of gelatin and pharmaceuticals. During the production of softgels, a system greatly facilitates the mixing of medications and the melting of gelatin. This automated system complies with U.S. Food and Drug Administration and pharmaceutical good manufacturing practice requirements by using a programmable logic controller and human machine interface to control the manufacturing process.
Browse 28 Market Data Tables and 26 Figures spread through 180 Pages and in-depth TOC on Global Softgel Tumble Dryer Market, By Instrument Type (Standard Tumble Dryer and Continuous Tumble Dryer), By End User (Pharmaceutical Companies, Health Supplements Companies, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/softgel-tumble-dryer-market-4208
Key Takeaways of the Global Softgel Tumble Dryer Market:
- Global softgel tumble dryer market is expected to exhibit a CAGR of 11.2% during the forecast period. For instance, on March 13, 2023, SaintyCo, a pharmaceutical machine manufacturer, published an article explaining two main steps that make up the drying process for soft gels: tumbler drying and tray drying using a drying channel. However, manufactuerers need dependable and high-quality tools to accomplish this. One also needs to be aware of the Softgel's ingredients and content. The inlet heater will allow free flow of fresh air. In short, the duration of the soft gel drying process will depend on how the soft gelatin capsules are made (the system supplies air at 20% relative humidity).
- Among segmentation, Instrument type is expected to be the dominant region in the global softgel tumble dryer market. For instance, on March 13, 2023, SaintyCo , a pharmaceutical machine manufacturer, published an article describing how the capsules are sticky when they exit the capsule filling machine's chute because of the lubrication fluids in the machine or any residual filling on the exterior surface. To ensure that there is no liquid left on the gelatin capsule's outer surface, softgel machines are equipped with tumble dryers. Warm air is pumped into machine while it rotate continuously to aid in the evaporation of any liquid that may have remained in the capsules. It is prefered to keep the capsules in drying trays so that these can dry at room temperature after these are removed from the tumble dryers. Factors like temperature, the moisture content of the air, and faulty machines can also cause manufacturing and drying problems.
- Major players operating in the global softgel tumble dryer market include Changsung Softgel System Ltd., SKY SOFTGEL CO., LTD, GIC Engineering, Inc., KAMATA CO., LTD, TOOLTRONICS, SaintyCo, Technophar, JOYSUN PHARMA, Wuxi Jangli Machinery Co., Ltd, CapPlus Technologies, SEC Softgel Technology, Mysoftgel Co., Ltd., and Beijing KunYou Pharmatech Co Ltd
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