PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159428
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159428
Global Capsule Filler Market Size, Share & Trends Analysis Report by Type (Manual, Semi-automatic, and Automatic), by Filling Material (Liquid, Semi-Solid, and Solid), and by Application (Pharmaceuticals, Cosmetics, and Others) Forecast (2022-2028)
The global capsule filler market is anticipated to grow at a substantial CAGR of 4.7% during the forecast period. Usage of capsules in cosmetic industries is growing which led to an increase in the capsule filler demand. . The vitamins, serums, and many other cosmetic products require capsule packaging due to which the production of capsules increases, and this contributes to the growth of the market. For instance, in February 2021, Catalent launched CosmoPod Duo soft gel capsule technology for the delivery of topical skin treatments. The increased use of capsules made many companies expand their production due to which the capsule filler market witnessed growth during the forecast period across the globe.
The global capsule filler market is segmented based on the laser type, application, and display type. Based on type, the market is segmented into manual, semi-automatic, and automatic. Based on, the filling material, the market is sub-segmented into the liquid, semi-solid, and solid. Further, based on application, the market is sub-segmented into pharmaceuticals, cosmetics, and others. Based on application, the pharmaceutical segment is expected to hold a prominent share in the capsule filling market during the forecast as the usage of capsule filler is high in the pharmaceutical industry as compared to others.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to have a significant market share during the forecast period due to rising consumer preference for capsule-based formulations in this region. To fullfil consumer demand and need many giant companies focusing on the technology which supports liquid and semi-solid capsule filling features. For instance, in March 2021; CapsCanada launched a liquid-filled hard capsule manufacturing service in North America to support the entire manufacturing process, from formulation and development through full-scale production. The facility is also US FDA approved and with this technology, liquids, suspensions, semi-solids, pastes and waxy substances can all be filled into gelatin or HPMC vegetarian two-piece capsules.
The major companies serving the global capsule filler market include ACG, Lonza Group Ltd., Glenvale Packaging, Harro Hofliger Verpackungsmaschinen GmbH, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Lonza announced an investment in its Capsules and Health Ingredients (CHI) Division. The investment enables the company to expand its overall production capacity of capsules within CHI's Capsugel portfolio by 30 billion capsules.
Research Methodology
The market study of the global capsule filler market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: