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Global Empty Capsules Market Expected to Grow at a CAGR of 7% During 2021-2026, Driven by Technological Developments in Capsule Delivery

According to a new report by EMR titled, 'Global Empty Capsules Market Report and Forecast 2021-2026', the global market for empty capsules is expected to grow at a CAGR of 7% in the forecast period of 2021-2026, to reach USD 2.97 billion by 2026.

The non-gelatine capsules segment is projected to lead the market growth of the empty capsules market in the forecast period. The growing demand for products not based on animal derivatives and the various advantages offered by these capsules over gelatine-based ones, due to their various physical and chemical properties is rendering them conducive to storage for longer durations, consequently driving the segment growth. Furthermore, the increasing demand for dietary supplements is one of the key drivers of this market. Additionally, more disposable incomes, greater health consciousness, and more affordability are driving the market in emerging countries, such as India, China, and Brazil. Further, the rise in lifestyle diseases as well as growing diagnosis of the same, along with increasing availability and use of vitamin capsules, are also helping this market grow steadily.

The market growth is boosted by the growing competition among the key industry players, such as Mitsubishi Chemical Corporation (TYO 4188) and Cupsugel (Lonza Group Ltd). In July 2018, Lonza's Capsule Delivery Solutions launched the Capsugel Vcaps Gen C capsule based on the carrageenan gelling-agent formulation, expanding Lonza’s Capsugel Hydroxypropyl Methyl Cellulose (HPMC) portfolio. Later, in February 2018, ACG signed a memorandum of understanding (MoU) with Applied DNA, Inc. (US) that permits ACG to utilize Applied DNA’s proven SigNature molecular tagging and authentication technologies to develop molecularly tagged empty hard-shell capsules.

Market Analysis by Type, Raw Materials, Functionality, Application, End Uses and Region

  • Based on type, the industry is segmented into gelatine capsules and non-gelatine capsules.
  • On the basis of raw materials, the industry is segmented into porcine, bovine, bone, hydroxypropyl methylcellulose (HPMC), starch material, and others.
  • In terms of functionality, the market is divided into immediate-release capsules, sustained-release capsules, delayed-release capsules.
  • Based on application, the industry is segmented into antibiotic and antibacterial drugs, dietary supplements, antacid and anti-flatulent preparations, cardiovascular therapy drugs, among others.
  • On the basis of end use, the industry is segmented into pharmaceutical, nutraceutical, cosmetics, and others.
  • The regional markets for the empty capsules include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing popularity of capsules over other drug delivery as it is being recognized as the safest form of drug delivery has been the major driver of the market. 
  • Major technological developments in capsule delivery, such as improvement of capsule shells, and capsule-sealing techniques, have propelled the market growth of empty capsules in recent years.
  • Another pivotal driver is an increase in the strategic collaborations between empty capsule suppliers and gelatine manufacturers. 
  • The growing adoption of capsules among the increasing geriatric population is driving the market growth further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for empty capsules for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the type, functionality, raw materials, applications, end uses, and the major regions of empty capsules.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Cupsugel (Lonza Group Ltd), ACG Group, Qualicaps (Mitsubishi Chemical Corporation), Capscanada (Lyfe Group Co.), Roxlor Group, Suheung Co., Ltd., among others are the key players in the global empty capsules market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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