Empty Capsules Market Insights:
Empty Capsules Market is projected to be worth USD 4.76 Billion by 2030, registering a CAGR of 7.9% during the forecast period (2022-2030), the market was valued at USD 2.40 Billion in 2021. The gelatin capsules segment dominated the empty capsules market in 2020 owing to various advantages such as the uniform mixing of drugs, rapid drug release, and others. North America and Europe dominated the empty capsules market in 2020 due to existing of major capsule manufacturers in the region.
Empty Capsules Market Dynamics:
A capsule is a shell-enclosed solid pharmaceutical dosage form that carries a medication or drug. Generally, empty capsules are advisable for powder storage, pharmaceuticals, and herbs in empty capsules. Capsules are easy to swallow as compared to tablets. These capsule shells are used by pharmaceutical companies to create a range of therapeutic drugs. These shells are made of non-gelatin or gelatin material, with various ranges of shapes, sizes, and colors (pullulan, HPMC, and starch).
Driver:
Increasing demand for nutraceuticals is expected to boost the growth of the market. As nutraceutical products are high in antioxidants, fiber, heart-healthy ingredients, omega-3 fatty acids, vitamins and minerals, calcium, vitamin D, and whole grains. Further, the rising prevalence of non-communicable such as cancer, heart ailments, and diabetes is expected to boost the demand for nutraceuticals. Hence, the above-mentioned factors are driving the growth of the empty capsule market.
Restraint:
The factors hampering the growth of the market are increasing prices and low availability of raw materials. For instance, lower availability of raw materials such as pigskin, and bovine hide & bones are expected to affect the production of gelatin manufacturing industries. Further, increasing regulatory guidelines for pig farmers have increased the farming price which is expected to hamper the growth of the empty capsule market
Opportunity:
The traditionally rich pharmaceutical companies are becoming difficult to grow in due to the decreasing medication pipeline, government-imposed pressure to cut prices and regulations on innovative items. This is motivating pharmaceutical companies to relocate their manufacturing facilities to new areas with rapid economic growth. Through this, firms can gain both low-cost production along with various financial advantages, such as appealing tax rates and lax manufacturing regulatory requirements. Hence, the above-mentioned factors is expected to create lucrative opportunities for the empty capsule market.
COVID-19 Analysis of Empty Capsules Market:
Small start-ups and well-known pharmaceutical companies have agreed to work on creating medications and vaccines that particularly target the distinct coronavirus infection. At pharmaceutical and biotechnology companies, research organizations, and academic institutions, operations, and production of vaccine-related research activities have been unaffected. As research activities expand, it is expected that funding for research is also expected to rise. Further, 2020 saw a negative impact of the COVID-19 pandemic on this sector as a result of supply chain disruptions and new government regulations placed on manufacturing facilities. According to Connect2India, COVID-19 capsule shipments decreased 33.0% in 2020. (as compared to 2019). However, COVID-19 has a positive impact on the growth of the empty capsule market.
Empty Capsules Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 4.76 |
| CAGR (2022-2030) | 7.9 % |
| By Type | Gelatin Capsules, Non-Gelatin Capsules |
| By Functionality | Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules |
| By Application | Antibiotic & Antibacterial Drug, Dietary Supplements, Antacid & Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Others |
| By End Use | Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories |
| By geography | North America– (U.S., Canada, Mexico
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Capsugel, ACG Worldwide, Qualicaps, Suheung Co. Ltd., CapsCanada Corporation, Qingdao Yiqing Medicinal Capsules Co., Ltd., Shanxi Guangsheng Medicinal Capsules Co., Ltd, Healthcaps India Ltd. |
Empty Capsules Market Segment Analysis:
By Type
The type segment is divided into two types such as non-gelatin capsules and gelatin capsules. Gelatin capsules had the chief market share in the empty capsules market in 2020. Gelatin capsules are a favored alternative for making capsule shells due to their several benefits, including quick medication release, consistent drug mixing, and a hurdle to air oxygen (preventing oxidation of drug molecules). Gelatin capsules, both hard and soft, are pharmaceuticals made from animals that contain a lot of collagen. Pork, beef, and chicken connective tissues, as well as pork, are used to make them.
By Functionality
The functionality segment of the empty capsule market has been divided into three categories based on functionality such as immediate-release capsules, sustained-release capsules, and delayed-release capsules. Immediate-release capsules accounted for a significant portion of the empty capsule market in 2020. This is due to the widespread use of immediate-release capsules in the production of antibiotics, antibacterials, antacids, pain relievers, inhalators, cold and cough medication formulations, and nutritional supplements.
By Application
The applications segment of the empty capsule market is divided into antacid & antiflatulent preparations, dietary supplements, cough & cold drug preparations, antibiotic & antibacterial drugs, s, anti-inflammatory drugs, antianemic preparations, cardiovascular therapy drugs, and other therapeutic applications. The Antibiotic & antibacterial drugs segment is dominating the application segment of the empty capsules market. Owing to the increasing incidence of infectious and inflammatory diseases. Further, rising Research and Development activities in the manufacturing of therapeutic drugs are expected to fuel the growth of the empty capsule market. However, dietary supplements, antianemic preparations, antacid & antiflatulent preparations, anti-inflammatory drugs, cough & cold drug preparations, cardiovascular therapy drugs, and other segment of application segments are expected to support the growth of the market.
By End-use
The empty capsules market is divided into four segments based on end-users as Pharmaceutical, Nutraceutical, Cosmetic, And Research Laboratories. In 2020, the pharmaceutical industry category held the greatest share of the empty capsule market. The rising number of medications marketed as capsule formulations, as well as the growing occurrence of disorders for which capsule-based formulations are the preferred treatment option, drive the need for empty capsules in the pharmaceutical business.
By Region
North America and Europe are the developed nations and lead the market for 65.6% of the empty capsule market. North America held the greatest portion of the worldwide market, accounting for 37.4% of the total. The North American domination is due to the existence of significant capsule manufacturers with large production capacities, as well as the presence of several pharmaceutical giants with enormous manufacturing capacities that use capsules. These capsules are in high demand due to the rising emphasis on pharmaceutical goods and generics. During the projected period, developing markets in the Asia Pacific and Latin America are predicted to rise at rapid rates. China and India are expected to have incredible expansion in pharmaceutical production in recent years.
Empty Capsules Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and product launches have accelerated the growth of the Empty Capsules Market. Key players in the market include-
- Capsugel
- Lonza Capsules & Health Ingredients
- ACG Worldwide
- Qualicaps
- Suheung Co. Ltd.
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd
- Health camps India Ltd.
Recent Development:
- In 2019, ACG expanded its market presence in Brazil by launching new capsules manufacturing capacity in Minas Gerais, and Pouso Alegre.
- In 2021, Qualicaps Europe S.A.U strengthened its position in South Asia. In addition to two European production facilities, the business has capsule manufacturing expertise in EMEA and South Asia.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Microarray Analysis
- Global Empty Capsules Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Empty Capsules Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Product Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Microarray Analysis demand
- Post-Covid Impact on Empty Capsules Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Empty Capsules Market Segmentation, Revenue (USD Billion), (2022-2030)
- By Type
- Gelatin Capsules
- Porcine
- Bovine
- Bone Meal
- Other Gelatin Sources
- Non-Gelatin Capsules
- Hydroxypropyl Methylcellulose (HPMC)
- Pullulan and Starch Material
- By Functionality
- Immediate-release Capsules
- Sustained-release Capsules
- Delayed-release Capsules
- By Application
- Antibiotic & Antibacterial Drugs
- Dietary Supplements
- Antacid & Antiflatulent Preparations
- Antianemic Preparations
- Anti-inflammatory Drugs
- Cardiovascular Therapy Drugs
- Cough & Cold Drug Preparations
- Other Therapeutic Applications
- By End Use
- Pharmaceutical Industry
- Nutraceutical Industry
- Cosmetic Industry
- Research Laboratories
- Gelatin Capsules
- By Type
- Global Empty Capsules Market Overview, By Region
- North America Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Type
- By Functionality
- By Application
- By End Use
- Canada
- Mexico
- US
- Europe Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Empty Capsules Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Empty Capsules Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Capsugel
- Business Overview
- Business Financials (USD billion)
- Product Category, Type, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- ACG Worldwide
- Qualicaps
- Suheung Co. Ltd.
- CapsCanada Corporation
- Qingdao Yiqing Medicinal Capsules Co., Ltd.
- Shanxi Guangsheng Medicinal Capsules Co., Ltd
- Healthcaps India Ltd
- Capsugel
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.