The Empty Capsules Market is vital in pharmaceuticals and nutraceuticals, offering versatile encapsulation solutions for various substances. Its growth is propelled by increasing demand for pharmaceuticals and dietary supplements, as well as advancements in manufacturing technologies, making it a crucial part of the healthcare industry.
NEWARK, Del, Sept. 26, 2023 (GLOBE NEWSWIRE) — The global empty capsules market is expected to generate lucrative growth opportunities. The global market for empty capsules is expected to reach US$ 2.3 billion in 2023. The market is expected to grow at a 7.9% CAGR through 2033, reaching a total value of US$ 4.9 billion. The empty pill capsule market currently accounts for approximately 1% of the global drug delivery market. The adaptability of such fillable capsules is expected to gradually increase the use of empty pills in the nutraceutical and pharmaceutical industries.
Owing to the surging consumption of various drugs combined with the increasing popularity of capsules over several other drug delivery forms is a primary factor boosting sales of empty capsules. Since the burden of chronic diseases continues to rise, demand for therapeutics is anticipated to increase at a substantial pace. This is, in turn, expected to generate lucrative growth prospects for the suppliers of empty capsules.
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Empty capsules are known as protective shells for drugs designed from special film-forming materials such as gelatin, starch, and pullulan. Being innovative drug delivery products, they are utilized by leading pharmaceutical and biopharmaceutical companies due to their various attractive features. Such capsules are economical, oxidation resistant, offer maximum flexibility, and are easy to use on account of their smooth and slippery nature. Furthermore, they are especially suitable for substances having a bitter taste and unpleasant odor.
Key Takeaways:
- The market is subjected to change in relevance in order to get regulatory impositions of gelatin sourcing and licensing for distribution, as per the macro and industry standards. The prominent driver in the global empty capsules market incorporates the development of natural alternatives to raw material sourcing of gelatin.
- Efficient packaging of empty capsules has proven to improve the integrity of the product and avoid contamination. It has also offered several solutions for the efficient dissolution of the capsules. It is therefore expected to enhance the sales outlook of the empty capsules market during the forecasted years.
- Empty capsules have proven to be an ideal drug delivery product as they account for their ability to protect sensitive substances from oxidation as well as their user-friendly nature. These capsules are usually smooth and slippery, which makes them easy to swallow.
- The use of empty capsules is diverse within the healthcare sector as they are expletively utilized by pharmaceutical and biopharmaceutical companies to encapsulate liquids, powders, granulates, oils, extracts, and even herbs. Surging production and consumption of empty capsules to cater to the rising demand from the pharmaceutical industry will continue to boost the empty capsules market growth during the assessment period.
- Over the last few years, encapsulated capsules have garnered major traction for the encapsulation of unpalatable medicines. The empty capsule suppliers are using various strategies to increase sales. They are focusing on developing innovative capsule materials that not only help to deliver medicine but also perform other functions as well. This will help them to more and more customers.
Empty Capsules Market Size:
| Attribute | Details |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million/billion for Value and Unit for Volume |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Key Segments Covered |
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| Key regions covered |
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| End User |
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| Key Companies Covered | ACG Worldwide, Capsugel, Qualicaps Inc., Bright Pharma Caps Inc., Sunil Healthcare Ltd., CapsCanada Corporation, Roxlor LLC, Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Medi-Caps Ltd. |
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Competitive Landscape:
The global empty capsules market is highly competitive, attributed to the presence of leading empty pill manufacturers that account for over 70% of the global market share. Prominent market players constantly focus on introducing new products made of innovative materials. In addition to that, they are adopting growth strategies such as partnerships, mergers, acquisitions, etc., to expand their global footprint.
Empty Capsules Industry Survey Market Segmentation:
Product Type:
- Gelatin Based Capsules
- Vegetarian Based Capsules
Raw Material:
- Type-A
- Type-B Gelatin
- Fish Bone Gelatin
- Hydroxy Propyl Methyl Cellulose (HPMC)
- Starch Materials
- Pullulan
Capsule Size:
- Size “000” Empty Capsules
- Size “00” Empty Capsules
- Size “0” Empty Capsules
- Size “1” Empty Capsules
- Size “2” Empty Capsules
- Size “3” Empty Capsules
- Size “4” Empty Capsules
- Size “5” Empty Capsules
Route of Administration:
- Oral Administration
- Inhalation Administration
End User:
- Pharmaceutical Companies
- Cosmetic & Nutraceutical Companies
- Clinical Research Organizations
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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Originally published at https://www.einpresswire.com/article/657827446/empty-capsules-market-set-to-create-opportunities-in-abundance-projected-to-reach-us-4-9-billion-by-2033-future-market-insights-inc
