Global Empty Capsules Market Size, Share, Growth Analysis, By Product, By Functionality, By Application, By End-use

Description

Global Empty Capsules Market size was valued at USD 2.70 billion in 2022 and is poised to grow from USD 2.89 billion in 2023 to USD 4.96 billion by 2031, growing at a CAGR of 7% during the forecast period (2024-2031).

The surge in the geriatric populace, coupled with a substantial need for empty capsules across pharmaceuticals, nutraceuticals, and cosmeceutical sectors, alongside a burgeoning consumer preference for capsules over tablets, propels market growth. The escalating prevalence of chronic illnesses among the elderly necessitates the production of efficacious drugs, with capsules emerging as the preferred solid dose form due to their ease of ingestion, rapid dissolving properties, and minimal gastrointestinal discomfort. Customers predominantly favor capsules for their quick absorption rates and the neutral taste and odor of gelatin coatings, particularly evident in popular products like cod liver oil capsules and CosmoPod capsules. These advantages drive substantial global demand within the aforementioned sectors, further augmented by ongoing research, innovation in delivery methods, and advancements in administration technology. Nonetheless, escalating raw material costs and concerns regarding the consumption of capsules containing animal-derived ingredients pose constraints on market expansion.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Empty Capsules Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Empty Capsules Market Segmental Analysis

The global Empty Capsules market is segmented based on product, process, application, and region. In terms of product, the market is segmented into gas, solid-state, fiber, and others. Based on process, the market is classified into material processing, marking, and engraving, micro-processing. With respect to application, the market is segmented into automotive, aerospace, machine tools, electronics and microelectronics, medical, and packaging. Regionwise, the global Empty Capsules market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Empty Capsules Market

The rising demand for capsule formulations stems from their convenient administration, enhanced patient adherence, and accurate dosage delivery, consequently fueling the expansion of the empty capsules market.

Restraints in the Global Empty Capsules Market

The exorbitant prices of capsule filling machines pose a significant obstacle to the expansion of the empty capsules market, hindering small and medium-sized enterprises from embracing this technology and thereby constraining their ability to scale up production.

Market Trends of the Global Empty Capsules Market

The rising preference for vegan and vegetarian options among consumers is driving up the demand for vegetable-based capsules crafted from materials like hypromellose (HPMC) and pullulan. These capsules provide a plant-derived substitute to gelatin capsules, traditionally sourced from animal by-products, meeting the evolving dietary preferences of a growing market segment.

Product Code: SQMIG35I2145

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Empty Capsules Market by Product

Market Overview
Gelatine Capsules
and Non-gelatine Capsules

Global Empty Capsules Market by Functionality

Market Overview
Immediate-Release Capsules
Sustained-Release Capsules
and Delayed-Release Capsules

Global Empty Capsules Market by Application

Market Overview
Antibiotic and Antibacterial Drugs
Dietary Supplements
Antacid
and Antiflatulent Preparations
Antianemic Preparations
Anti-Inflammatory Drugs
CardiovascularA Therapy Drugs
Cough and Cold Drugs
and Others

Global Empty Capsules Market by End-use

Market Overview
Pharmaceutical Industry
Nutraceutical Industry
Cosmetic Industry and Research Laboratories

Global Empty Capsules Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Capsugel
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ACG Worldwide
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Suheung Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Qualicaps, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lonza Group Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Farmacapsulas S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Medi-Caps Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Roxlor LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Snail Pharma Industry Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nectar Lifesciences Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sunil Healthcare Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bright Pharma Caps, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Natural Capsules Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
JC Biological Technology Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shanxi Guangsheng Medicinal Capsule Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Healthcaps India Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CapsCanada Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LefancapsA(R) Capsule
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Healsee Capsule Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shanghai Honglian Medical Tech Group Co., Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Empty Capsules Market Size, Share, Growth Analysis, By Product, By Functionality, By Application, By End-use - Industry Forecast 2024-2031