Empty Capsules Market Expected to Reach US ~$4.79 Billion and CAGR 6.8% by 2030 – Polaris Market Research

The global empty capsules market size is expected to reach USD 4.79 billion by 2030 according to a new study by Polaris Market Research.

The rising incidence of chronic diseases such as cancer, diabetes, cardiovascular diseases, and gastrointestinal diseases and increasing investment in the activities for the development of therapeutic products are the chief driving factors for the industry growth. In addition, the availability of government funding for capsule manufacturing units, as well as the rising adoption of capsule formulations among the geriatric population, is also presenting various growth prospects to the industry expansion across the globe.

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Furthermore, the development of halal gelatin and vegetarian pills, the emergence of new capsule delivery technologies, and the growth of the pharmaceutical industry are fostering the industry demand in the forecasting years. Based on the type, the gelatine capsules segment is dominating the global market and is anticipated to lead the market over the forecasting period.

The gelatine pills are a safe alternative and fulfill the needed regulations for use in health & nutrition or pharmaceutical supplements. This capsule offers many numerous advantages such as uniform mixing of drugs, fast drug release, and preventing oxidation of drug molecules. Thereby, the rising benefits of the gelatin capsule are gaining a huge consumer base that leads the segment growth.

Whereas the non- gelatin capsules segment is showing the highest growth rate in the global market in the near future. The non- gelatin capsule is gaining huge traction among the vegan population, and rising R&D investments and increasing pharmaceutical expenditure are stimulating the segment growth.

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Market participants such as ACG, Bright Pharma Caps, Capscanada, Capsugel, Comed Chemicals, SuHeung, Mitsubishi Chemical Holdings, Natural Capsules, Nectar Lifesciences, Qingdao Yiqing Medicinal Capsules, Roxlor, Shanxi Guangsheng Medicinal Capsule, Erawat Pharma Limited, Health Caps India, and Sunil Healthcare are some of the key players operating in the global market.

For instance, in March 2021, CapsCanada- the leading company in capsule technology, introduced its liquid-filled hard capsule manufacturing service in North America with the aim of supporting the whole manufacturing process, from formulation and development through full-scale production.

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Polaris Market Research has segmented the empty capsules market report on the basis of type, functionality, application, end-use, and region:

Empty Capsules, Type Outlook (Revenue – USD Billion, 2018 – 2030)

  • Gelatin
    • Porcine
    • Bovine
    • Bone Meal
    • Others
  • Non-Gelatin
    • Hydroxypropyl Methylcellulose (HPMC)
    • Pullulan and Starch Material

Empty Capsules, Functionality Outlook (Revenue – USD Billion, 2018 – 2030)

  • Immediate-release
  • Sustained-release
  • Delayed-release

Empty Capsules, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Antibiotic & Antibacterial Drugs
  • Dietary Supplements
  • Antacid & Antiflatulent Preparations
  • Antianemic Preparations
  • Anti-inflammatory Drugs
  • Cardiovascular Therapy Drugs
  • Cough & Cold Drug Preparations
  • Others

Empty Capsules, By End-Use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Pharmaceuticals
  • Nutraceuticals
  • Cosmetics
  • Research Laboratories

Browse detailed report with in-depth TOC – Empty Capsules Market

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