Empty Capsules Market: Current Analysis and Forecast (2022-2028)

Global Empty Capsules Market is expected to grow at a significant rate of around 8% during the forecast period. The global empty capsules market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing ageing population across the globe is causing an increase in the number of chronic disease incidences such as cardiovascular diseases, cancer, etc. For instance, according to the World Health Organization, nearly 422 million people globally have diabetes, the majority living in low-and middle-income countries. Owing to these facts and growing awareness among the population, people are becoming more health conscious which in turn is rising the demand for nutraceuticals and other health supplements across the globe. Thereby, boosting the empty capsules market. Furthermore, factors such as rising demand for preventive care, wide areas of application of empty capsules, rise in the popularity of capsules over other drug delivery forms, and an increase in strategic alliances among empty capsule suppliers & gelatin manufacturers are some of the other factors contributing to the growth of the market.

ACG Worldwide, Lonza Group (Capsugel), HealthCaps India Ltd., Bright Pharma Caps Inc., CapsCanada Corporation, Medi-Caps Ltd, Qualicaps, Sunil Healthcare Ltd., Roxlor and Natural Capsules Limited are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and advanced products.

Insights Presented in the Report

"Amongst type, gelatin capsules category to witness higher CAGR during the forecast period"

Based on type, the empty capsules market is segmented into gelatin capsules and non-gelatin capsules. The gelatin capsules segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe owing to various advantages of these capsules over non-gelatin capsules including rapid drug release, uniform mixing of drugs, prevention in the oxidation of drug molecules, and others.

"Amongst functionality, immediate-release capsules category to witness higher CAGR during the forecast period"

Based on functionality, the empty capsules market is segmented into immediate-release capsules, sustained-release capsules, and delayed-release capsules. The immediate-release capsules segment grabbed a significant market share in 2020 and is expected to grow considerably during the forecast period. The growth of this segment can be attributed to the wide application of these drugs in manufacturing antibiotics, antibacterials, antacids, painkillers and some dietary supplements.

"Amongst application, antibiotic & antibacterial drugs segment to hold a significant share in the market in 2020"

Based on application, the empty capsules market is classified into antibiotic & antibacterial drugs, vitamins & dietary supplements, cardiovascular therapy drugs, and others. The antibiotic & antibacterial drugs segment is expected to grab a substantial share in 2020 and is expected to grow considerably during the projected timeframe. This can be due to the high proliferation of various infectious chronic diseases worldwide which in turn is creating the demand for various antibiotic & antibacterial drugs.

"Amongst end-user, pharmaceutical industry segment to hold a significant share in the market in 2020"

Based on end-users, the market is fragmented into the pharmaceutical industry, nutraceutical industry, cosmetic industry, and others. In 2020, the pharmaceutical industry segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period as there has been an increasing demand in the pharmaceutical industry for drugs for treating a plethora of diseases leading to the rising number of drugs launched as a capsule formulation.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the empty capsules industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, technological advancement in capsule drug delivery technology, the rapid increase in the geriatric population, and the growing prevalence of various chronic diseases are propelling the growth of this market in the region. For instance, the number of Americans aged 60 and older increased by 34% from 55.7 million to 74.6 million between 2009 and 2019.

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Deep dive regional level analysis of the industry.

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