Global Empty Capsules Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

MarketResearch.Biz delivers in-depth insights on the “Global Empty Capsules Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”, in its upcoming report. The global empty capsules market is estimated to exhibit a X.X% CAGR by value during the forecast period. Report offers in-depth insights, revenue details, and other vital information regarding empty capsules and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global market, and their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. In this report, the global empty capsules market has been segmented on the basis of product type, route of administration, end user and region.

Empty medicine capsules are made either from gelatin, which is derived from animal byproduct known as collagen (pork skin, animal bones and fish bones) or plant polysaccharides or their derivatives (Hydroxypropyl methyl cellulose (HPMC), starch, pullulan and others) depending upon the medicine dosage forms. These cylindrical empty capsules are made in two halves: a smaller-diameter "body" which is filled with required drug dosage and then sealed using a bigger-diameter "cap". Empty capsules are conventionally used as a dosage form for prescriptions, OTC drugs, herbal products, nutrient supplements, liquids and semi-solid dosage forms, especially for drugs that have low bioavailability, poor water solubility, critical stability, low dose/high potency and low melting points.

The global empty capsules market is expected to expand at a CAGR of X.X% by 2026. Rising adoption of vegetarian-based empty capsules by pharmaceuticals and nutraceuticals companies and increasing demand by Muslim population countries for halal-based capsules is providing support to primarily driven pork-based capsules market. Globally, majority of empty capsules manufacturers are expected to invest more on technological advancements and better product designs to attract customers. Other factors driving the growth of market include, rapidly increasing aging population, growing applications in the pharmaceutical and nutraceutical industries, and growing consumer preference towards capsule-based formulations. However, increasing raw material prices, stringent regulatory frameworks, and religious as well as cultural specifications are expected to limit the growth of gelatin empty capsules market to a certain extent. Also, vegetarian-based capsules are costlier than gelatin-based capsules.

North America market dominates the global empty capsules market and is expected to continue its dominance during the forecast period owing to well-developed pharmaceuticals sector in countries in the region. Asia Pacific market is expected to witnesses highest growth in terms of revenue owing to the growing number of pharmaceutical contract research establishments in this region, and major key players shifting their interest towards Asia Pacific to expand their customer base.

Market Segmentation:

Global market segmentation by product type:

• Gelatin (Hard)-based Capsules
• Vegetarian-based Capsules

Global market segmentation by route of administration:

• Oral Administration
• Inhalation Administration

Global market segmentation by end user:

• Pharmaceuticals Companies
• Cosmetics & Nutraceuticals Companies
• Clinical Research Organizations (CROs)

Global market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Capsugel
• ACG Worldwide
• CapsCanada Corporation
• Roxlor LLC
• Qualicaps Inc.
• Suheung Co., Ltd.
• Medi-Caps Ltd.
• Sunil Healthcare Ltd.
• Snail Pharma Industry Co., Ltd.
• Bright Pharma Caps, Inc.