Home > Healthcare > Pharmaceuticals > Pharma Exicipients > Tablet Coating Market

Tablet Coating Market Trends

Report ID: GMI5552
Published Date: May 2023
Report Format: PDF

Download Free Sample

Tablet Coating Market Trends

The global tablet coating industry experienced a massive growth and the key factors contributing to the growth of this market are growing pharmaceutical industries, increasing demand for biopharmaceuticals, increasing adoption of orphan drugs, and rising demand for nutraceuticals. The pharmaceutical industry is driven by the increasing prevalence of chronic diseases and increasing demand of tablet-based formulations for treatment. For instance, according to European Federation of Pharmaceutical Industries and Associations 2022 report, in 2020, the pharmaceutical production in Europe was around EUR 286,697 million and in 2021, it was around EUR 300,000 million. Due to high pharmaceutical production, the volume of production of drugs increases, boosting the demand for tablet coatings.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for tablet coating was USD 831.7 million in 2022 and will record 5.8% CAGR from 2023-2032 due to the rapidly rising pharmaceutical sector worldwide.

The cellulosic polymer segment held a significant share of the tablet coating market in 2022 driven by the growing need for good film strength and aqueous solubility.

Tablet coating industry size in Europe will gain significant momentum through 2032 owing to the robust presence of a number of pharmaceuticals with large scale production capacities.

Colorcon, Merck KGaA, Sensient Technologies Corporation, JRS Pharma, Evonik Industries AG, Ashland Global Holding, Inc., DuPont De Nemours, Inc., Kerry Group plc, Roquette Frères, and Eastman Chemical Company are some of the major tablet coating firms.