Global Empty Capsules Market: Industry Analysis, Global Trends, and Forecast to 2023
The empty capsules market is projected to reach US$ 2.79 Billion by 2023 from an estimated US$ 1.95 Billion in 2018, at a CAGR of 7.4%. The growing adoption of capsule formulations among the growing geriatric population, the growth of the pharmaceutical market along with the increasing R&D activities & clinical trials, and advancements in capsule delivery technologies are the major factors driving the market for empty capsules. Emerging markets (due to their low manufacturing costs) are expected to present significant opportunities for players.
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Top Key Players in the ” Empty Capsules Market” include are
- Capsugel (US)
- ACG Worldwide (India)
- Qualicaps (Japan)
- Suheung Co. Ltd. (South Korea)
- CapsCanada Corporation (Canada)
- Qingdao Yiqing Medicinal Capsules Co. Ltd. (China)
- Shanxi Guangsheng Medicinal Capsules Co. Ltd. (China)
- Healthcaps India Ltd. (India)
- Snail Pharma Industry Co. Ltd. (China)
- Roxlor (US)
- Sunil Healthcare Ltd. (India)
- Medi-Caps Ltd. (India)
- Nectar Lifesciences Ltd. (India)
- Natural Capsules Ltd. (India)
- Bright Pharma Caps Inc. (US)
The empty capsules market in the APAC is expected to witness the highest CAGR during the forecast period. The presence of many global capsule manufacturers in China and India, growth in the pharmaceutical and nutraceutical industries, the relatively less stringent regulations in the nutraceutical industry in this region, an increasing focus on generics, and rising healthcare awareness are expected to drive the adoption of empty capsules in the Asia Pacific.
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The Study Objectives of this report are:
- To define, describe, segment, and forecast the global market by type, functionality, application, end user, and region
- To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market in five major regions North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Inquire more or share questions if any before the purchase on “Empty Capsules Market by Type ((Gelatin – Porcine, Bovine, Bone Meal), (HPMC, Pullulan)), Functionality (Sustained-release, Delayed-release), Application (Antibiotics, Vitamins, Antacids), End User (Pharma, Nutraceuticals, Cosmetics) – Forecast to 2023” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=319046 .
Target Audience:
- Contract manufacturers of empty vegetarian capsules
- Hard gelatin capsule and non-gelatin empty capsule manufacturers
- Pharmaceutical and nutraceutical R&D laboratories
- Pharmaceutical, nutraceutical, and OTC/cosmetic product manufacturers
- Distributors and suppliers
- Pharmaceutical/medical associations
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