Empty Capsules Market - A Story of Very Rapid Development with CAGR of 7.2% | MarketsandMarkets

 

Therapeutic agents are encapsulated in hard and soft gelatin empty capsules, increasing the demand for capsule production and driving the empty capsule market forward.

According to the new market research report global empty capsules market is projected to reach $ 3.7 billion by 2026 from $ 2.6 billion in 2021, at a CAGR of 7.2% during the forecast period.

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Opportunity: Expansion of capsule production in emerging countries

The traditionally lucrative pharmaceuticals market is becoming challenging from a growth perspective due to the diminishing drug pipeline, government-induced pressure to reduce costs and regulations on innovative products. This is encouraging pharmaceutical manufacturers to move their manufacturing bases closer to high-growth emerging markets. Through this, manufacturers can take advantage of low-cost manufacturing along with several financial benefits in terms of attractive tax rates and lenient regulatory guidelines for manufacturing.

A number of major pharmaceutical manufacturers are either planning capacity expansions of their existing plants in emerging countries or setting up new manufacturing plants in emerging markets such as China and India. These investments are aiding the growth of pharmaceutical production, in turn, increasing the demand for empty capsules.

Capsugel is the leading player in the empty capsules market in 2020. The company is largely known for its diversified product offerings for the pharmaceutical and nutraceutical industry. Capsugel offers a comprehensive portfolio of empty capsules, ranging from gelatin, vegetarian, filled hard, functional, inhalation, HPMC, gelatin, alternate polymer, specialized clinical, and enteric capsules.

Recent Developments

·         In 2021, Nutra’V TiO2 launched a new range of TiO2-free capsules. Available both in gelatin and HPMC and with excellent machinability, this range of capsules offers the best encapsulation solution for ingredient masking.

·         In 2019, ACG acquired Xertecs, Xertecs develops and implements processes, products, and services for pharma companies across the globe. Its acquisition added to ACG’s capabilities.

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This research study involved the use of widespread secondary sources; directories; databases such as D&B, Bloomberg Business, and Factiva; white papers; annual reports; and Companies’ House documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global empty capsules market.