Polaris Market Research recently published a research report on “Empty Capsules Market Share, Size, Trends, Industry Analysis Report, By End-Use (Pharmaceuticals, Nutraceuticals, Cosmetic, Research Laboratories); By Type; By Functionality; By Application; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global empty capsules market size & share was valued at USD 2.69 Billion in 2021 and is expected to surpass USD 4.79 Billion by 2030, growing at a CAGR of 6.8% during the forecast period.
What are Empty Capsules? How Big is the Empty Capsules Market?
Empty capsules are the most commonly used capsules to store herbs, powders, and drugs. Empty capsules contain powdered APIs (active pharmaceutical ingredients), herbal powder, or vitamin supplements. These capsules have two types, including the galenic form or non-gelatin material such as (pullulan, HPMC, and starch) and are available in a variety of sizes, shapes, and colors. These are majorly used by the pharmaceutical industry to cover pharmaceutical drugs, chemicals, and powder.
The growing prevalence of infectious and viral diseases coupled with increasing usage of empty capsules in various sectors such as pharmaceutical, nutraceutical, cosmetic, and research laboratories are expected to boost the demand for empty capsules during the forecast period. The outbreak of COVID-19 has positively affected the growth of the empty capsules market and is expected to support the industry growth over the forecast period.
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Key Points Covered in this Report:
- 110+ pages report.
- Market size & share analysis.
- Top key players analysis by their share, revenue, and sales.
- Regional & global analysis.
- Market growth drivers & restraints, industry opportunities, key trends, and demand forecast.
- Market analysis based on key segments
- Research methodology used
Some of the Top Market Players Are:
- Bright Pharma Caps
- Comed Chemicals
- Erawat Pharma Limited
- Health Caps India
- Mitsubishi Chemical Holdings
- Natural Capsules
- Nectar Lifesciences
- Qingdao Yiqing Medicinal Capsules
- Shanxi Guangsheng Medicinal Capsule
- Sunil Healthcare
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Empty Capsules Market: Growth Drivers
The growing number of research & development activities in the development of pharmaceutical industries coupled with rising investments by the government and public in healthcare are the two prominent factors expected to drive the growth of the market during the projected period. The outbreak of COVID-19 has fueled the growth of the empty capsules industry. The outbreak led many pharmaceutical companies to invest in the production and supply of vaccines, medication, nutraceuticals, etc. Growing emphasis on healthcare supplements further bolsters market growth.
A surge in presence of pharmaceutical firms globally is expected to open lucrative opportunities in the empty capsules market during the forthcoming period. Furthermore, rising public awareness, increasing disposable income, and technological developments in the pharmaceutical and healthcare industry are promoting the market’s growth. Also, the increasing adoption of capsule formulations among the growing elderly population contributes to the empty capsules industry’s growth.
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Empty Capsules Market: Report Scope
|Market Outlook for 2030||USD 4.79 Billion|
|Market Size 2021 Value||USD 2.69 Billion|
|Expected CAGR Growth||6.8% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||ACG, Bright Pharma Caps, Capscanada, Capsugel, Comed Chemicals, Erawat Pharma Limited, Health Caps India, Mitsubishi Chemical Holdings, Natural Capsules, Nectar Lifesciences, Qingdao Yiqing Medicinal Capsules, Roxlor, Shanxi Guangsheng Medicinal Capsule, SuHeung, and Sunil Healthcare|
|Segments Covered||By Type, By Functionality, By Application, By End-Use, By Region|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
Key Report Segmentation
- Insight by End-Use
Based on end-use, the pharmaceutical industry segment is expected to account for the largest revenue share in the empty capsules market during the forecast period. This growth can be attributed to the increasing number of diseases among the rising geriatric population. This factor is expected to create huge demand for empty capsules during the foreseen period. Moreover, the cosmetic segment is projected to record the highest CAGR over the study period owing to the changing lifestyles of the population and growing disposable income which encourages people to adopt skincare products.
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Geographical Analysis & Overview
Based on geography, North America held the largest revenue share in the global empty capsules market. Major driving factors in the empty capsules market include the rapid technological developments in healthcare and pharmaceutical companies and growing spending by the government on public health care. Also, the growing emphasis of the U.S. government on enhancing healthcare infrastructure, reducing the spread of diseases, and spreading awareness of public health are expected to boost the growth of the empty capsules market.
Furthermore, the Asia Pacific is likely to account for the highest CAGR during the foreseen period due to the rising disposable income and rising awareness among people which is leading them to move towards the adoption of additive supplements in diets.
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- In 2021, the U.S government increased its spending to 9.7 percent and reach USD 4.1 trillion in 2020, an increase of around 4.3 percent rise from 2019.
- In February 2021, Qualicaps Europe S.A.U extended its presence in the South Asia region. In addition to two production sites based in Europe, the company has capsule manufacturing experts located in the EMEA and South Asia.
The market is primarily segmented on the basis of type, functionality, application, end-user, and region.
Empty Capsules Market: By Type Outlook
- Bone Meal
- Hydroxypropyl Methylcellulose (HPMC)
- Pullulan and Starch Material
Empty Capsules Market: By Functionality Outlook
Empty Capsules Market: By Application Outlook
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Antianemic Preparations
- Anti-inflammatory Drugs
- Cardiovascular Therapy Drugs
- Cough & Cold Drug Preparations
Empty Capsules Market: By End-Use Outlook
- Research Laboratories
Empty Capsules Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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