IMARC Group, a leading market research company, has recently releases report titled “Empty Capsules Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global empty capsules market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Empty Capsules Market?
The global empty capsules market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
What are Empty Capsules?
Empty capsules are solid, cylindrical containers made from gelatin or other suitable materials. They comprise gelatin, vegetarian, and enteric capsules, which are designed to resist stomach acid by releasing their content in the intestines. They are a popular choice for encapsulating drugs and medications, especially for oral administration. They provide a convenient and efficient way to deliver various substances in a measured dosage form. They offer an easy-to-swallow option for patients and ensure accurate dosage. They also find applications in the cosmetic industry, particularly for creating unique and personalized skincare products like serums or facial oils.
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What are the growth prospects and trends in the empty capsules industry?
At present, the increasing demand for empty capsules in the pharmaceutical industry, as they allow for accurate measurement and consistent dosing, ensuring patient safety and effective treatment, represents one of the crucial factors impelling the growth of the market.
Besides this, the rising utilization of empty capsules as they provide a protective barrier, shielding sensitive substances from external factors like light, moisture, and air, thus preserving their potency and shelf life, is contributing to the growth of the market. In addition, the growing preference for personalized medicine and targeted drug delivery is offering a favorable market outlook.
Apart from this, increasing advancements in capsule manufacturing technologies, such as liquid-filled and enteric-coated capsules, are supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Gelatin Capsule
- Non-gelatin Capsule
Breakup by Raw Material:
- Pig Meat
- Bovine Meat
- Hydroxypropyl Methylcellulose (HPMC)
Breakup by Functionality:
- Immediate-release Capsules
- Sustained-release Capsules
- Delayed-release Capsules
Breakup by Therapeutic Application:
- Antibiotic and Antibacterial Drugs
- Vitamins and Dietary Supplements
- Antacid and Antiflatulent Preparations
- Cardiovascular Therapy Drugs
Breakup by End User:
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetics Industry
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, HealthCaps India Limited, Lonza Group AG, Medicaps Limited, Qualicaps Co. Ltd. (Mitsubishi Chemical Holdings Corporation), Nectar Lifesciences Limited, Roxlor LLC, Shanxi Guangsheng Medicinal Capsules Co. Ltd, Snail Pharma Industry Co. Ltd, Suheung Co. Ltd and Sunil Healthcare Limited.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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