NEW
YORK, July 8, 2024 /PRNewswire/ -- The global
empty capsules market size is estimated to grow by USD 1.06 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 7.08%
during the forecast period. Increasing applications in
pharmaceutical industry is driving market growth, with a
trend towards increasing demand for generic drugs.
However, risk of counterfeiting in pharmaceutical industry
poses a challenge. Key market players include ACG, Ajix Inc.,
Bright Pharma Caps Inc., Healthcaps India Ltd., Lonza Group Ltd.,
Mitsubishi Chemical Group Corp., Nectar Lifesciences Ltd., Qingdao
Yiqing Biotechnology Co. Ltd., Roxlor LLC, Shanxi Guangsheng
Medicinal Capsule Co. Ltd., Shanxi JC Biological Technology Co.
Ltd., Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Sunil
Healthcare Ltd..
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Empty Capsules
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
7.08%
|
Market growth
2024-2028
|
USD 1061.3
million
|
Market
structure
|
Concentrated
|
YoY growth 2022-2023
(%)
|
6.49
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
47%
|
Key
countries
|
US, Germany, UK, China,
and Japan
|
Key companies
profiled
|
ACG, Ajix Inc., Bright
Pharma Caps Inc., Healthcaps India Ltd., Lonza Group Ltd.,
Mitsubishi Chemical Group Corp., Nectar Lifesciences Ltd., Qingdao
Yiqing Biotechnology Co. Ltd., Roxlor LLC, Shanxi Guangsheng
Medicinal Capsule Co. Ltd., Shanxi JC Biological Technology Co.
Ltd., Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Sunil
Healthcare Ltd.
|
Market Driver
Generic drugs, which have the same performance characteristics
as branded drugs, offer significant cost savings for healthcare
systems. The FDA reports that generic drugs have saved the US
healthcare system USD2.2 trillion in
the past decade. This is due to the fact that generic drugs do not
require the same upfront research costs as branded drugs, allowing
them to be sold at 80-85% lesser prices. This trend is expected to
fuel the growth of the global pharmaceuticals wholesale and
distribution market for empty capsules, as the demand for these
cost-effective alternatives continues to rise.
The empty pill industry is experiencing significant growth,
particularly in the oral administration segment. This trend is
driven by the increasing demand for personalized medicine
solutions, including nutraceutical products. Good Manufacturing
Practices (GMP) and automation are key focuses in the industry,
ensuring high-quality capsule formulations. The elderly population
is a major consumer group, leading to a surge in demand for
geriatric-friendly medicine solutions. The empty capsule market
caters to this need, with a focus on herbal supplements and
customizable dose forms. Pharmaceutical manufacturers produce
medicinal agents using inert substances like Hydroxypropyl
Methylcellulose, Starch, and Pullulan. The cosmeceutical industry
and nutraceutical sector also utilize empty capsules for vitamins,
minerals, and other health supplements. Soft gelatin capsules and
liquid encapsulation are popular choices for various applications,
including immediate, sustained, and delayed release capsules. The
market includes manufacturers of aspirin capsules, veg capsules,
and even titanium dioxide. The market for empty capsules is vast,
catering to various industries and consumer needs.
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Market Challenges
- The global empty capsules market faces significant challenges
due to the prevalence of counterfeit products in the pharmaceutical
industry. Counterfeit drugs pose a threat to consumer safety and
can lead to financial losses for vendors, including pharmaceutical
and packaging companies. The intricate nature of the pharmaceutical
supply chain, with numerous intermediaries, increases the risk of
original products being replaced or stolen. Counterfeit drugs can
enter the supply chain at various stages, including production and
reverse logistics. The demand for counterfeit products, driven by
their lower prices, can negatively impact the sales and pricing
strategies of legitimate vendors. To mitigate this risk, industry
players must maintain stringent quality control measures and
collaborate with regulatory bodies. The US federal government is
taking steps to combat counterfeiting in the pharmaceutical sector,
offering some reassurance for market growth during the forecast
period.
- The Empty Capsules Market encompasses gelatin and non-gelatin
capsules used in various industries, including animal origin-based
products for Cattle, Pigs, Fish, Horses, and Poultry, as well as
the Health Nutrition Industry. The Gelatin Capsules segment
dominates, particularly in Dietary Supplements, Anti-anemic
Preparations, Anti-inflammatory Drugs, and Cardiovascular Therapy
Drugs. However, the Non-gelatin Capsules segment is growing due to
health-conscious customers and environmental concerns. The Dietary
Supplements segment uses Immediate-release, Sustained-release, and
Delayed-release capsules. The Nutraceutical Industry and
Research Laboratories also utilize capsules for chronic diseases
and drug delivery innovations. The Pharmaceutical Sector produces
pharmaceutical compositions using size "0" capsules, including
Vegetarian Shells and Vegan Capsules for the growing demand of
plant-based alternatives. The IV Bags Market and Industrial Regions
also consume gelatin-based capsules, particularly Type-B Gelatin
Capsules, for Oral Administration Alternatives. Despite the
challenges, producers continue to innovate, offering Gelatin-based
and Non-gelatin capsules for various pharmaceuticals and
nutritional supplements, herbal formulations, and medicines.
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challenges - Request a sample report!
Segment Overview
This empty capsules market report extensively covers market
segmentation by
- Type
- 1.1 Gelatin capsules
- 1.2 Non-Gelatin capsules
- Geography
- 2.1 North America
- 2.2 Europe
- 2.3 Asia
- 2.4 Rest of World (ROW)
1.1 Gelatin capsules- The Empty Capsules Market refers
to the production and sale of hollow capsules used in various
industries, primarily for the pharmaceutical sector. Manufacturers
produce these capsules in large quantities, ensuring they meet
specifications for size, color, and material. Consumers, including
pharmaceutical companies and nutraceutical brands, purchase these
empty capsules to fill with their respective active ingredients for
distribution. This market continues to grow due to increasing
demand for dietary supplements and generic drugs.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
Capsules have gained significant popularity in the health and
wellness industry due to their convenience and versatility. They
are widely used in the nutraceuticals sector to encapsulate various
ingredients for the prevention and management of non-communicable
diseases such as diabetes and cancer. With the rising prevalence of
chronic diseases and increasing health consciousness, the demand
for capsules as a means of delivering nutraceutical ingredients is
on the rise. Dietary restrictions and cultural practices have led
to the development of alternative capsule materials such as vegan
capsules made from plant-based alternatives like Hydroxypropyl
Methylcellulose (HPMC), starch, and pullulan. The pharmaceutical
sector is also leveraging capsule technology for drug delivery
innovations, while the cosmeceutical industry uses them for
delivering medicinal agents and inert substances. The nutraceutical
ingredients market is expected to grow significantly due to the
increasing burden of chronic diseases. The negative effects of some
capsule materials like gelatin have led to the development of
environmentally friendly and sustainable alternatives. The aging
population is another factor driving the growth of the capsule
market. Overall, capsules play a crucial role in the delivery of
nutritional supplements and medicinal agents, making them an
essential component of personal health and wellness.
Market Research Overview
Empty capsules play a crucial role in the nutraceuticals
industry, serving as containers for various health supplements,
medicines, and herbal formulations. The market for empty capsules
is driven by the rising prevalence of non-communicable diseases
such as diabetes, cancer, and cardiovascular conditions. Capsules
are available in two main types: gelatin and non-gelatin. Gelatin
capsules, derived from animal hides, bones, hooves, and other parts
of cattle, pigs, fish, horses, and poultry, dominate the market.
However, the demand for non-animal origin capsules is increasing
due to dietary restrictions, cultural practices, and ethical
considerations. Non-gelatin capsules are made from plant-based
materials like Hydroxypropyl Methylcellulose, starch, and pullulan.
The market is segmented into dietary supplements, anti-anemic
preparations, anti-inflammatory drugs, and cardiovascular therapy
drugs. The convenience and taste masking properties of capsules
make them popular among health-conscious customers. The market is
also driven by pharmaceutical sector innovations in drug delivery
systems, personalized medicine, and geriatric-friendly medicine
solutions. The empty pill industry is expected to grow in
industrial regions due to the increasing demand for oral
administration alternatives to IV bags. The market is subject to
Good Manufacturing Practices and automation to ensure quality and
efficiency. The aging population is a significant consumer group,
leading to a demand for customizable dose forms, patient-centric
medications, and medicinal agents.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Gelatin Capsules
- Non-Gelatin Capsules
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio