The global Empty Capsules market reached a value of about USD 2.10 billion in 2021. The industry is projected to grow at a CAGR of around 7% in the forecast period of 2022-2027 to reach a value of about USD 3.15 billion by 2027.
The global Empty Capsules industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing usage of capsule formulations is driving the market for empty capsules among the ever-increasing elderly population, the expansion of the pharmaceutical industry, increased R&D efforts and clinical trial studies, and innovations in capsule delivery methods. The key demand indicator is the highest category spender in the industry report by region—North America.
Pharmaceutical empty capsules package powders, pellets, or tablet mixes containing active substances that provide therapeutic effects when administered. An empty capsule comprises two parts: a body and a cap. Aqueous solutions are used to manufacture both gelatin and vegetable pills from gelling ingredients such as animal protein (mostly gelatin) or plant polysaccharides or derivatives (such as carrageenans and modified forms of starch and cellulose). The Empty Capsules industry report comprises segments by application (Pharmaceutical, Nutraceutical, Cosmetics) and region (North America, Europe, Asia Pacific, the Middle East, Africa, and South America).
The North American region holds the largest share in the market owing to the increase in the use of these nutraceuticals since they aid in preventing significant health problems such as obesity, cancer, and arthritis. This rise can be attributed to the substantial presence of major capsule manufacturers with enormous production capabilities in these locations and the presence of several pharmaceutical giants with large capacity employing these capsules. Empty capsule demand has grown as doctors and patients focus on quality pharmaceutical items and generics. Moreover, since capsules are the extremely prevalent form of the solid oral dose, the nutraceutical business in this region has a significant need for empty capsules.
The market is primarily being driven by the rising prevalence of illnesses such as cancer, diabetes, heart disease, and lung problems has increased demand for nutraceuticals. The increased prevalence of cardiovascular disorders worldwide pushes the need for cardiovascular therapy pharmaceuticals for efficient treatment, promoting the market's growth. The rising shift towards health awareness among individuals fuels the demand for health supplements. As a result, the popularity of capsules over alternative drug delivery forms and an increase in strategic cooperation between empty capsule providers and gelatin makers are driving market expansion. In addition, as the world's senior population grows, the need for various therapeutic medications and nutritional supplements to improve health is increasing, leading to market expansion.
However, ethical issues, price variations in gelatin materials, and tight pharmaceutical sector regulations are projected to stifle market expansion.
The global Empty Capsules industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Empty Capsules regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Manual, semi-automatic, and automated capsule filling machines can all be used to encapsulate hard gelatin capsules. Dipping, rotating, drying, stripping, cutting, and joining are the steps involved in making hard gelatin capsules. Softgels are filled and sealed on a completely automated machine's rotary die at the same time as they are manufactured. To assure product quality, several real-time fill weight monitoring techniques such as near-infrared spectroscopy (NIRS), vibrational spectroscopy, and in-line weight checks are utilised.
The market is expected to develop due to increased capsule drug delivery type. In addition, the market is likely to grow as the number of clinical studies for assessing the safety and efficacy of a wide variety of medicinal medications rises. Furthermore, throughout the forecast period, the pharmaceutical industry's increased technical advancement to create plant-derived capsules is likely to give lucrative chances for the worldwide empty capsules market to expand. Fibre, antioxidants, heart-healthy components, vitamins and minerals, omega-3 fatty acids, vitamin D, calcium, and whole grains are all common constituents in nutraceutical goods.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Industry leaders have built their positions in the market by investing more in research and having a superior distribution system. The demand for empty capsules is exceptionally concentrated, with only a few big competitors. In addition, leading competitors are forming strategic partnerships and launching new products to maintain their competitive positions in the industry. The pharmaceutical companies are relocating their manufacturing facilities closer to growing regions like China and India with significant growth rates. Manufacturers can profit from low-cost manufacturing and a variety of financial perks such as favourable tax rates and lax regulatory rules for production. These investments are assisting the expansion of pharmaceutical manufacturing, which in turn is augmenting the industry growth.
1. Executive Summary
2. Global Empty Capsules Market Snapshot
2.1. Empty Capsules Market Outlook
2.2. Empty Capsules Industry Analysis by Application
2.3. Regional Overview
2.3.1. North America
2.3.3. Asia Pacific
2.3.4. Latin America
3. Impact of Recent Events
4. Empty Capsules Value Chain Analysis
5. Empty Capsules Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Empty Capsules Cost Structure
9. Empty Capsules Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Empty Capsules Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Lonza Group AG
15.2. Mitsubishi Chemical Holdings Corporation
15.3. SuHeung Co., Ltd.
15.4. Natural Capsules Limited
15.5. ACG Worldwide
The global Empty Capsules market size was valued at USD 2.10 billion in 2021.
As per the application provided, the Antibiotic and antibacterial drugs segment is anticipated to lead the market between the period 2021 – 2027.
The significant demand for medications due to the rising prevalence of chronic health conditions is one of the essential drivers of the Empty Capsules market growth.
The North American region of the Empty Capsules industry holds a significant share in the market.
Cupsugel (Lonza Group Ltd), A.C.G. Group, Qualicaps (Mitsubishi Chemical Corporation), Capscanada (Lyfe Group Co.), and Roxlor Group, Suheung Co., Ltd. are some of the key players in the market.
The global Empty Capsules market attained a value of USD 2.10 billion in 2021, driven by the rising prevalence of chronic health conditions like cancer. Furthermore, increasing health consciousness among individuals is furthering the demand for health supplements, which gives rise to the need for capsules. Aided by the growing research and development initiatives paired with clinical trials by manufacturers, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7%. The market is projected to reach USD 3.15 billion by 2027.
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