The Empty Capsules market to expected grow from USD 2.3 billion in 2020 to USD 3.7 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 7.1 % during the forecast period. The major factors that are expected to be driving the empty capsules market are the growing adoption of capsule formulations among the growing geriatric population, the growth of the pharmaceutical market with the increasing R&D activities & clinical trial studies, and the advancements in capsule delivery technologies. The objective of the report is to define, describe, and forecast the empty capsules market size based on type, functionality, application, end user, and region.
Traditionally, capsules were made from gelatin for manufacturing solid dosage forms for the pharmaceutical industry. Technological advancements have provided the empty capsules industry with a growing range of functionality options for capsules-based formulations used by patients. Over the years, capsule delivery has witnessed a number of technological advancements in terms of product enhancements for better quality outcomes and patient comfort. These include the improvement of capsule shells, fill material, capsule-sealing techniques, and capsule systems to achieve modified drug release and the encapsulation of different materials. Another key technology is the development of capsule-in-capsule technology to protect gastric-sensitive active ingredients. This allows for the use of minimal excipients for formulation, improvement of upper gastrointestinal safety, differentiated pharmacokinetic performance, and improved product development. For instance,
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By Market Verdors:
Anhui Huangshan Capsule
Shanghai GS Capsule
ACG Associated Capsules
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The Empty Capsules market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Empty Capsules in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Empty Capsules Market
Chapter 5. Global Empty Capsules Market Overview, By Application, 2015 – 2027(USD Million)
Chapter 6. Global Empty Capsules Market Overview, By Distribution Channel, 2015 – 2027(USD Million)
Chapter 7. Global Empty Capsules Market Overview, By Geography, 2015 – 2027(USD Million)
Chapter 8. North America Empty Capsules Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 9. Europe Empty Capsules Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 10. Asia Pacific Empty Capsules Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 11. Middle East & Africa Empty Capsules Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 12. South America Empty Capsules Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Empty Capsules Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
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