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Global Tablet Coatings Market: By End Use: Pharmaceuticals, Nutraceuticals; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand, EMR’s Key Indicators for Price; Competitive Landscape; Industry Events and Developments

Global Tablet Coatings Market Outlook

The global market for tablet coatings reached a value of almost USD 707 million in 2020. The market is further expected to grow at a CAGR of 5.5% in the forecast period of 2022-2027, owing to the rising demand from the pharmaceuticals and nutraceuticals segments.

 

Global Tablet Coatings Market Report and Forecast 2022-2027

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North America and Asia Pacific to be Significant Regional Markets for Tablet Coatings

The pharmaceutical industry is the leading application sector for tablet coatings. North America is driving the growth of the pharmaceuticals application sector as it accounts for over half the consumption of solid oral dosage forms. Regions such as North America and Europe have high market maturity in the global tablet coatings market. Increasing research and development activities and the development of innovative pharmaceutical products, generics, and biosimilars, along with the lucrative presence of key players, is expected to drive the market in North America.

The emerging regional markets in the pharmacy industry, such as India and China, are expected to have strong growth owing to the rising demand from the generics industry. India and China are also leading the coatings market in terms of volume, in comparison with developed markets such as the United States and Europe. In Japan, due to the increasing use of formulated coatings, the suppliers are creating innovative coating solutions to have an edge over their competitors. The suppliers have also started focusing on clients' needs by providing customised coating solutions. Further, increased drug manufacturing outsourcing to specialised contract manufacturing organisations (CMOs), an increase in the number of companies establishing manufacturing units in the region, favourable government regulations, and low labour and manufacturing costs are expected to drive Asia Pacific market during the forecast period.

 

Market Segmentations

Tablet coatings are applied on the tablets to protect it from chemical and physical harm. Along with controlling the release of the drug from the tablet, the coatings also help to mask and enhance the odour, taste, and colour of the tablets.

 

Global Tablet Coatings Market By End Use

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The end-uses of the market are:

  • Pharmaceuticals 
  • Nutraceuticals

The regional markets for the tablet coatings can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Tablet Coatings Market By Region

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Rising Demand from the Pharmaceuticals and Nutraceuticals Segments Augmenting the Market Growth

The global tablet coatings market is driven by the rising demand from the pharmaceuticals and nutraceuticals segments. The increasing demand for modified release technologies will help accelerate the bioavailability of poorly soluble drugs, and hence, increase the market growth of tablet coatings. The pharmerging nations are predicted to dominate the demand for tablet coatings, due to a rapidly growing middle class and governments' initiatives and incentives. The increase in the demand for the product could also be attributed to the expansions by private firms and governments, allowing foreign direct investment (FDI) to tap into the markets having low penetration. The drug manufacturers are showing greater interest in the formulated and customisable blends, thus, driving the growth of the market in these segments as this is estimated to increase the total addressable market for tablets and consequently strengthen the tablet coatings market. The market for tablet coatings is further driven by the demand from the oral solid dosage forms section, which includes enteric, sustained, and immediate release tablets. The growing demand for pigmented film coatings is attributed to its application in the prevention of counterfeit drugs. Moreover, products with visual differentiation help brands with enhanced brand recognition, thus, further aiding the growth of the pigmented film coatings segment.

 

Key Players in the Global Market for Tablet Coatings

The report gives a detailed analysis of the following key players in the global tablet coatings market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Colorcon Inc.
  • BASF SE
  • Kerry Inc.
  • Ideal Cures Pvt. Ltd.
  • Evonik Industries AG
  • Sensient Technologies
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Region
Breakup by End Use Pharmaceuticals, Nutraceuticals, 
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Colorcon Inc., Sensient Technologies, Evonik Industries AG, BASF SE, Kerry Inc., Ideal Cures Pvt. Ltd., Others 
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Tablet Coatings Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Tablet Coatings Historical Market (2017-2021) 
    8.3    Global Tablet Coatings Market Forecast (2022-2027)
    8.4    Global Tablet Coatings Market by End Use
        8.4.1    Pharmaceuticals
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Nutraceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Tablet Coatings Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Spain
            9.2.3.6    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Price Analysis
12    Value Chain Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Colorcon Inc.
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    BASF SE
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Kerry Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Ideal Cures Pvt. Ltd.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Evonik Industries AG
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Sensient Technologies
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Industry Events and Developments


List of Key Figures and Tables

1.    Global Tablet Coatings Market: Key Industry Highlights, 2017 and 2027
2.    Global Tablet Coatings Historical Market: Breakup by End Use (USD Million), 2017-2021
3.    Global Tablet Coatings Market Forecast: Breakup by End Use (USD Million), 2022-2027
4.    Global Tablet Coatings Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Tablet Coatings Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Tablet Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Tablet Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Tablet Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Tablet Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Tablet Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Tablet Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Tablet Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Tablet Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Tablet Coatings Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Tablet Coatings Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Global Tablet Coatings Market Structure

Key Questions Answered in the Report

The global tablet coatings market reached a value of almost USD 707 million in 2020.

The market is projected to grow at a CAGR of nearly 5.5% in the forecast period of 2022-2027.

The market is estimated to reach a value of about USD 974.6 million by 2026.

The major drivers of the industry include rising disposable incomes, increasing population, increasing demand from the pharmaceuticals and nutraceuticals sector, and the rising demand for modified release technologies.

The expansions by private firms and governments allowing foreign direct investment (FDI) are expected to be the key trends guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading end use sectors in the industry include pharmaceuticals and nutraceuticals.

The leading players in the market are Colorcon Inc., Sensient Technologies, Evonik Industries AG, BASF SE, Kerry Inc., and Ideal Cures Pvt. Ltd., among others.

Analyst Review

The global tablet coatings market attained a value of USD 707 million in 2020, driven by the increasing demand for modified release technologies. Aided by the rising growing demand for pigmented film coatings, the industry is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.5%. The industry is projected to reach USD 974.6 million by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on end uses, the global market for tablet coatings can be segmented into pharmaceuticals and nutraceuticals. The major regional markets for tablet coatings are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Colorcon Inc., Sensient Technologies, Evonik Industries AG, BASF SE, Kerry Inc., and Ideal Cures Pvt. Ltd., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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