In its latest report on Empty Capsules Market provides a concise analysis of the recent market trends. The report further includes statistics, market forecasts and revenue estimations, which in addition highlights its status in the competitive domain as well as expansion trends adopted by major industry players.
Empty Capsules Market Size
Brandessence Market Research has published a new report title and According to Study “Global Empty Capsules Market is valued at USD 2256.9 Million in 2020 and expected to reach USD 3707.8 Million by 2027 with a CAGR of 7.35% over the forecast period”.
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Scope of Empty Capsules Market Report:
Empty Capsules are comprised of gelatin (hard or delicate) and non-gelatin shells commonly got from hydrolysis of collagen such as alkaline, acid, thermal hydrolysis or enzymatic from animal origin or cellulose based. Empty capsules can be stored in different forms such as powder, herbs or medicine on a specific dosage form.
These capsules are very popular because of their high absorption rate. The empty capsules are available in different flavors with different colors. The capsules are the most favored strong measurements structures due to their various benefits such as better satisfactoriness and a quicker absorption rate, which represents the greatest demand of these empty capsules in the drug business for the therapy of a number of chronic and irresistible infections. The empty capsules are mostly a packaging structure simple to acknowledge, with a cheap material, from where its achievement in medical clinic, in drug stores, and even at private people doing themselves their combinations of plants.
Covid-19 pandemic, has witnessed a positive impact on the growth of the empty capsule market globally owing to the increasing demand for use of vitamins supplements from people across the world for boosting up immunity. During Covid-19 pandemic, vitamins and other herbal medicines are taking a center platform hence demand of empty capsules is increasing rapidly. Empty capsules are valuable in veiling the flavor of cardiovascular treatment drugs. This factor will positively affect the empty capsule market. Hence, the growth of the empty capsule market on post-pandemic will increase.
Global empty capsules market is segmented on the basis of product, raw material, therapeutic application, end-user and regional & country level. Based upon product, the empty capsules market is classified into gelatin capsule, soft gelatin capsule (SGC), hard gelatin capsule (HGC) and non-gelatin capsule. Based upon raw material, the market is divided in to pig meat, bovine meat, HPMC, bone and other. Based on therapeutic application, the market is divided into vitamin and dietary supplements, antibiotic and antibacterial drug, antacids and anti-flatulent preparation, cardiac therapy drug and other. Based on end-user, the empty capsule market is classified into pharmaceutical companies, cosmetics companies, nutraceutical companies and others.
Global Empty Capsules Market Segmentation:
By Product:
- Gelatin Capsule
- Soft Gelatin Capsule (SGC)
- Hard Gelatin Capsule (HGC)
- Non-Gelatin Capsule
By Raw Material:
- Pig Meat
- Bovine Meat
- HPMC
- Bone
- Other
By Therapeutic Application:
- Vitamin and Dietary Supplements
- Antibiotic and Antibacterial Drug
- Antacids and Anti-flatulent Preparation
- Cardiac Therapy Drug
- Other
By End-User:
- Pharmaceutical Companies
- Cosmetics Companies
- Nutraceutical Companies
- Others
The regions covered in this global empty capsules market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of empty capsules is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
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Empty Capsules Companies
Some major key players for global empty capsule market report cover prominent players
- ACG Worldwide
- CapsCanada Corporation
- Bright Pharma Caps Inc.
- Sunil Healthcare Ltd.
- Lonza Group Ltd. (Capsugel)
- Medi-Caps Ltd.
- Mitsubishi Chemical Holdings Corporation (Qualicaps, Inc.)
- Roxlor LLC
- Snail Pharma Industry Co. Ltd
- Suheung Co.
- Ltdand others.
Empty Capsules Market News
CapsCanada Launched Liquid-Filled Hard Capsule Manufacturing Service in North America
Mrach10th, 2021; CapsCanada announced the launch of a new liquid-filled hard capsule manufacturing service. CapsCanada has idealized the technology for creating and assembling fluid filled hard capsules (LFHCs). With this innovation, fluids, glues, suspensions, semi-solids and waxy substances would all be able to be filled into gelatin or HPMC vegan two-piece capsules. CapsCanada’s goal is to help the whole manufacturing measure, from formulation and advancement through full-scale production. In making this service CapsCanada cooperated with one of the main manufacturers of conventional and branded drugs in Canada. Creation will be done at a committed Health Canada-approved office in Canada that has a full insightful lab, permitting for controlled drugs and substances including narcotics.
Advancements in Capsule Delivery Technologies, Increasing Prevalence of Dietary Supplements, Rising Prevalence of the Geriatric Population and the Associated Chronic Conditions are Some of the Major factors Driving Market Growth
The major factor driving the growth of global of empty capsules market is advancement in capsule delivery technology. Technological innovations have provided the empty capsule industry with a developing scope of usefulness choices for capsule based formulations utilized by patients. In recent years, capsule delivery has seen various technological adaption’s in terms of item advancement for better quality results and patient comfort. These incorporate the improvement of capsule shells, capsule-sealing technique, fill material, and capsule systems to accomplish changed drug release and the encapsulation of various materials. Another key innovation is the development of capsule-in-capsule innovation to ensure gastric-delicate active ingredients. This takes into account the utilization of insignificant recipients for plan, improvement of upper gastrointestinal safety, separated pharmacokinetic execution, and improved item advancement.
In addition, increasing prevalence of dietary supplements is also fostering the market growth. The increasing prevalence of dietary supplements to boost the immunity attributes the growth of empty capsules market. In U.S., 170 million people taking dietary supplements such as vitamin C, vitamin D, multivitamins, and vitamins B/B complex are efficient supplements. Furthermore, rising prevalence of the geriatric population and the associated chronic conditions are also supplementing the growth of global empty capsule market. The developing geriatric population globally builds the interest for different treatment drugs and dietary enhancements, for better health results. As per the United Nations, World Population Prospects: by 2050, one out of six individuals on the planet will be over age 65, up from one of every 11 out of 2019.
However, rising raw material prices and liquids and different other materials such as gels are not compatible with capsule made of gelatin may hamper the market growth. In spite of that, quick advancement in capsule delivery innovations, ongoing research for the development of empty capsule with support of government organizations may offer more opportunities for the further growth of the empty capsules market.
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North America is Expected to Dominate the Global Empty Capsules Market
North America is expected to dominate the global empty capsules market owing to the increasing prevalence of cardiovascular diseases due to change in lifestyle in this region. According to the American Heart Association Research Report 2018, cardiovascular diseases, recorded as the fundamental reason for death, represents almost 836,546 deaths in the United States. This is almost one out of each three deaths in the country. Besides, adoption of latest technologies and development of innovative products elevates the market growth in this region. For instance; In July 2018, Lonza’s Capsule Delivery Solutions dispatched the CapsugelVcaps Gen C capsule dependent on the carrageenan gelling-agent plan, growing Lonza’s Capsugel Hydroxypropyl Methyl Cellulose (HPMC) portfolio.
Asia Pacific is the fastest developing area in empty capsule market owing to the growing population and increasing awareness in this region. Growing application in pharmaceutical and nutraceutical companies are also supplementing the market growth. For example, Lonza is a global integrated solutions provider for pharma, consumer healthcare and nutrition segments. Lonza India is a subsidiary of Switzerland-based. Lonza dispatched Capsugel Zephyr, its new dry-powder inward breath container portfolio for customized answers for ideal pulmonary drug delivery in 2019. According to a news published on January 16th, 2020, Lonza India had set the target of doubling its turnover with an estimated growth of over 14 per cent by 2024. Also, increasing need for better diagnostic devices, rapidly improving technology, better and safe therapeutic approach may drive the market growth in this region.
Key Benefits for Global Empty Capsules Market Report–
- Global Empty Capsules Market report covers in-depth historical and forecast analysis.
- Global Empty Capsules Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Global Empty Capsules Market report helps to identify opportunities in marketplace.
- Global Empty Capsules Market report covers extensive analysis of emerging trends and competitive landscape.
By Regional & Country Analysis: (North America, U.S., Canada, Europe, U.K., France, Germany, Italy,Asia Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, GCC, Africa, Rest of Middle East and Africa)
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Empty Capsules Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Empty Capsules Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Empty Capsules Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Empty Capsules Market Overview: Quantitative Analysis
4. Chapter – Global Empty Capsules Market Analysis: Segmentation By Type
5. Chapter – Global Empty Capsules Market Analysis: Segmentation By Application
Continued…..
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