Empty Capsules Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3704
Empty Capsules Market size is projected to experience significant growth from 2018 to 2025.
The empty capsules market is set to grow at a rapid pace due to growing pharmaceutical and nutraceutical industries. In addition, rapidly increasing aging populations, better patient affordability, greater awareness regarding health issues, along with favorable government initiatives is driving the global market growth.
Empty capsules market is growing due to their increased application in prescription as well as OTC drugs, herbal products and nutrient supplements. In addition, empty capsules are also used vastly for drugs that have low melting points, low bioavailability, poor water solubility, and critical stability, thereby propelling the market growth during the forecast period.
Empty capsules offer other benefits such as constant capsule dimensions and low sensitive to oxygen permeability that will boost the market growth. However, factors such as high gelatin prices, and the need for high capital expenditure from manufacturers to enter the empty capsules market, will affect the growth negatively.
Gelatin capsules are estimated to hold majority of market share over the forecast timeframe. Advantageous factors such as biocompatibility, thermo-reversibility and tableting, non-allergenicity, and viscoelasticity will boost the segment growth. However, non-gelatin capsules are estimated to exhibit the highest growth rate. Hydroxypropylmethylcellulose (HPMC) capsules are resistant to stringent heat and humidity conditions, as well as low moisture content that makes it suitable for moisture-sensitive ingredient. In addition, HPMC capsules have plant-based origin, that are preferred over gelatin capsules by consumers looking for products free from preservatives, allergens, starch and gluten, thereby driving the market growth.
Antibiotics have the largest share for empty capsules market owing increased prevalence of bacterial infections around the globe. Diseases such as HIV/AIDS, tuberculosis, malaria, influenza, hepatitis C, hepatitis B and many others are quite prevalent in most part of the world, thereby boosting the market growth.
Pharmaceuticals industry is the largest end user for empty capsules market. Pharmaceutical industry offers benefits in reducing health-related complications and lowering the incidence of disease. Moreover, innovation in the pharmaceutical industry enhances the output of an economy by reducing lost productivity due to disease and sickness, hence accentuating the market growth during the forecast period.
U.S. empty capsules market is estimated to hold majority of market share owing to large patient population, high prevalence of infectious diseases, presence of large pharmaceutical manufacturing companies in the country. Furthermore, growing consumer awareness about nutraceutical products and cosmeceutical industries will drive the market growth in U.S. Asia Pacific is a lucrative region for empty capsules market due to flourishing pharmaceutical manufacturing industries, rise in government initiatives for the development of healthcare infrastructure and greater awareness amongst the patient population.
Some of the key industry players operating in empty capsules market are ACG Associated Capsules Pvt. Ltd., Bright Pharma Caps Inc., Capsugel, Inc., CapsCanada Corporation, Medicaps Ltd., Qualicaps, Inc., JC Biological Technology Co., Patheon, Inc., Roxlor LLC, Snail Pharma Industry Co. Ltd and Sunil Healthcare Ltd. These companies strategize on mergers, acquisitions and partnerships in order to increase their efficiency and sustain in the market by providing better solutions. Also, new product launches in developed geographical regions will enhance the overall growth of the companies.
Empty Capsules Market by product, 2014-2025 (USD Million)
- Gelatin capsules
- Bone meal
- Non-gelatin capsules
Empty Capsules Market by application, 2014-2025 (USD Million)
Empty Capsules Market by end-use, 2014-2025 (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- ACG Associated Capsules Pvt. Ltd.
- Bright Pharma Caps Inc.
- Capsugel, Inc.
- CapsCanada Corporation
- Medicaps Ltd.
- Qualicaps, Inc.
- JC Biological Technology Co.
- Patheon, Inc.
- Roxlor LLC
- Snail Pharma Industry Co. Ltd
- Sunil Healthcare Ltd.
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