Empty Capsules Market Overview
The global Empty Capsules market is projected to rise at a significant rate in the forecast period. In recent years, drug administration via capsules has seen substantial changes in terms of product refinement, ensuring high-quality prognosis, and patient comfort. For key stakeholders, new and improved capsule sealing procedures, fill material advancements, and improvements in capsule shells are levelling the playing field. The bigger profit pool generated by these is boosting the market for empty capsules.
Furthermore, capsule demand will be propelled by factors such as the penetrative reach of preventive care in developing regions, high bioavailability, and elasticity. As a result, throughout the forecast period, the global empty capsules market would nearly double in size. Additionally, the global empty capsules market is expected to be driven by rising demand from the pharmaceutical and nutraceutical industries, as well as increased R&D activities for the development of innovative delivery technologies.
Empty capsules are commonly used by biopharmaceutical and pharmaceutical businesses, as well as the consumer health and nutrition industries. As a result, the growth of the life science and healthcare industries has a big impact on the need for empty capsules. In developing markets, the life science industry is rapidly increasing. This is expected to enhance the empty capsules market during the forecast period.
On the negative side, social and ethical obligations (prohibition of the use of animal products in religions) are expected to detain the adoption of these products in the forecast period. This fact hampers the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Application, Functionality, Source, Type, End User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Capsugel (Part of Lonza), ACG Worldwide, Qualicaps (Subsidiary of Mitsubishi Chemical Holdings Corporation), CapsCanada, Suheung Co. Ltd., Roxlor, Medi-Caps Ltd., HealthCaps India Ltd., Sunil Healthcare Limited. |
Covid-19 Impact on Empty Capsules Market
In addition, the current Empty Capsules Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Empty Capsules Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Empty Capsules Market Segment Overview
Based on Type, the Gelatin Capsules segment dominated the global Empty Capsules market and is estimated to remain dominant throughout the forecast period, because of its advantageous qualities, including thermo-reversibility and tableting, non-allergenicity, viscoelasticity, and biocompatibility. On the other hand, the non-gelatin capsules segment is anticipated to grow at the fastest rate during the forecast period. Non-gelatin capsules, such as hydroxypropyl methylcellulose (HPMC) capsules, have grown in popularity in the pharmaceutical and nutraceutical industries, contributing to the global market's strong growth.
Empty Capsules Market, By Application
· Antibiotic & Antibacterial Drugs
· Vitamin & Dietary Supplements
· Antacid & Antiflatulent Preparations
· Cardiovascular Therapy Drugs
· Cough & Cold Drugs
· Other
Empty Capsules Market, By Functionality
· Immediate-release Capsules
· Sustained-release Capsules
· Delayed-release Capsules
Empty Capsules Market, By Source
· Porcine
· Bovine
· Marine
· Natural
Empty Capsules Market, By Type
- Gelatin Capsules
- Hard Gelatin
- Soft Gelatin
- Non-gelatin Capsules
Empty Capsules Market, By End User
· Pharmaceutical Industry
· Nutraceutical Industry
· Other
Empty Capsules Regional Overview
In terms of region, Europe is anticipated to be the most prominent region in the Empty Capsules market. The existence of major pharmaceutical and nutraceutical companies, as well as the continuous adoption of newer technology, will be some of the elements that will put Europe in the focus. Similarly, North America is another major region for the empty capsules market. The presence of significant capsule producers with big production capacity, as well as several pharmaceutical giants with large manufacturing capacities who use these capsules is some key factors that boost the growth of the market in this region. Further, the market in the Asia Pacific is expected to witness remarkable growth in the projected period. An increase in healthcare expenditure in countries such as China and India will strengthen the growth of the market in this region.
Empty Capsules Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Empty Capsules Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Empty Capsules are highlighted below.
· In February 2023, ACG Group has expanded its footprint in Brazil with the opening of its new capsules manufacturing plant in Pouso Alegre-Minas Gerais. With approximately $95 million invested, the factory spans an area of 14,000 square meters and will generate approximately 500 new jobs locally.
Empty Capsules Market, Key Players
· Capsugel (Part of Lonza)
· ACG Worldwide
· Qualicaps (Subsidiary of Mitsubishi Chemical Holdings Corporation)
· CapsCanada
· Suheung Co. Ltd.
· Roxlor
· Medi-Caps Ltd.
· HealthCaps India Ltd.
· Sunil Healthcare Limited
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Empty Capsules market during the forecast period?
The Empty Capsules market is expected to record a CAGR of ~ 7 % during the forecast period.
Q2. What are the driving factors for the Empty Capsules market?
The rising demand from the pharmaceutical and nutraceutical industries, as well as increased R&D activities for the development of innovative delivery technologies, and rapidly increasing life science industry are boosting the growth of the Empty Capsules market.
Q3. What are the restraining factors for the Empty Capsules market?
Social and ethical obligations (prohibition of the use of animal products in religions) are expected to detain the adoption of these products in the forecast period. This fact hampers the growth of the market.
Q4. Which segment is projected to hold the largest share in the Empty Capsules Market. ?
The Gelatin Capsules segment is projected to hold the largest share in the Empty Capsules Market.
Q5. Which are the prominent players in the Empty Capsules Market?
Capsugel (Part of Lonza), ACG Worldwide, Qualicaps (Subsidiary of Mitsubishi Chemical Holdings Corporation), CapsCanada, Suheung Co. Ltd., Roxlor, Medi-Caps Ltd., HealthCaps India Ltd., Sunil Healthcare Limited. are some key players in the Empty Capsules Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Empty Capsules Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Application
- 5.2.1. Antibiotic & Antibacterial Drugs
- 5.2.2. Vitamin & Dietary Supplements
- 5.2.3. Antacid & Antiflatulent Preparations
- 5.2.4. Cardiovascular Therapy Drugs
- 5.2.5. Cough & Cold Drugs
- 5.2.6. Other
- 5.3. Market Analysis, Insights and Forecast – By Functionality
- 5.3.1. Immediate-release Capsules
- 5.3.2. Sustained-release Capsules
- 5.3.3. Delayed-release Capsules
- 5.4. Market Analysis, Insights and Forecast – By Source
- 5.4.1. Porcine
- 5.4.2. Bovine
- 5.4.3. Marine
- 5.4.4. Natural
- 5.5. Market Analysis, Insights and Forecast – By Type
- 5.5.1. Gelatin Capsules
- 5.5.1.1. Hard Gelatin
- 5.5.1.2. Soft Gelatin
- 5.5.2. Non-gelatin Capsules
- 5.5.1. Gelatin Capsules
- 5.6. Market Analysis, Insights and Forecast – By End User
- 5.6.1. Pharmaceutical Industry
- 5.6.2. Nutraceutical Industry
- 5.6.3. Other
- 5.7. Market Analysis, Insights and Forecast – By Region
- 5.7.1. North America
- 5.7.2. Europe
- 5.7.3. Asia Pacific
- 5.7.4. Latin America, Middle East and Africa
6. North America Empty Capsules Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Application
- 6.2.1. Antibiotic & Antibacterial Drugs
- 6.2.2. Vitamin & Dietary Supplements
- 6.2.3. Antacid & Antiflatulent Preparations
- 6.2.4. Cardiovascular Therapy Drugs
- 6.2.5. Cough & Cold Drugs
- 6.2.6. Other
- 6.3. Market Analysis, Insights and Forecast – By Functionality
- 6.3.1. Immediate-release Capsules
- 6.3.2. Sustained-release Capsules
- 6.3.3. Delayed-release Capsules
- 6.4. Market Analysis, Insights and Forecast – By Source
- 6.4.1. Porcine
- 6.4.2. Bovine
- 6.4.3. Marine
- 6.4.4. Natural
- 6.5. Market Analysis, Insights and Forecast – By Type
- 6.5.1. Gelatin Capsules
- 6.5.1.1. Hard Gelatin
- 6.5.1.2. Soft Gelatin
- 6.5.2. Non-gelatin Capsules
- 6.5.1. Gelatin Capsules
- 6.6. Market Analysis, Insights and Forecast – By End User
- 6.6.1. Pharmaceutical Industry
- 6.6.2. Nutraceutical Industry
- 6.6.3. Other
- 6.7. Market Analysis, Insights and Forecast – By Country
- 6.7.1. U.S.
- 6.7.2. Canada
7. Europe Empty Capsules Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application
- 7.2.1. Antibiotic & Antibacterial Drugs
- 7.2.2. Vitamin & Dietary Supplements
- 7.2.3. Antacid & Antiflatulent Preparations
- 7.2.4. Cardiovascular Therapy Drugs
- 7.2.5. Cough & Cold Drugs
- 7.2.6. Other
- 7.3. Market Analysis, Insights and Forecast – By Functionality
- 7.3.1. Immediate-release Capsules
- 7.3.2. Sustained-release Capsules
- 7.3.3. Delayed-release Capsules
- 7.4. Market Analysis, Insights and Forecast – By Source
- 7.4.1. Porcine
- 7.4.2. Bovine
- 7.4.3. Marine
- 7.4.4. Natural
- 7.5. Market Analysis, Insights and Forecast – By Type
- 7.5.1. Gelatin Capsules
- 7.5.1.1. Hard Gelatin
- 7.5.1.2. Soft Gelatin
- 7.5.2. Non-gelatin Capsules
- 7.5.1. Gelatin Capsules
- 7.6. Market Analysis, Insights and Forecast – By End User
- 7.6.1. Pharmaceutical Industry
- 7.6.2. Nutraceutical Industry
- 7.6.3. Other
- 7.7. Market Analysis, Insights and Forecast – By Country
- 7.7.1. UK
- 7.7.2. Germany
- 7.7.3. France
- 7.7.4. Italy
- 7.7.5. Spain
- 7.7.6. Russia
- 7.7.7. Rest of Europe
8. Asia Pacific Empty Capsules Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Application
- 8.2.1. Antibiotic & Antibacterial Drugs
- 8.2.2. Vitamin & Dietary Supplements
- 8.2.3. Antacid & Antiflatulent Preparations
- 8.2.4. Cardiovascular Therapy Drugs
- 8.2.5. Cough & Cold Drugs
- 8.2.6. Other
- 8.3. Market Analysis, Insights and Forecast – By Functionality
- 8.3.1. Immediate-release Capsules
- 8.3.2. Sustained-release Capsules
- 8.3.3. Delayed-release Capsules
- 8.4. Market Analysis, Insights and Forecast – By Source
- 8.4.1. Porcine
- 8.4.2. Bovine
- 8.4.3. Marine
- 8.4.4. Natural
- 8.5. Market Analysis, Insights and Forecast – By Type
- 8.5.1. Gelatin Capsules
- 8.5.1.1. Hard Gelatin
- 8.5.1.2. Soft Gelatin
- 8.5.2. Non-gelatin Capsules
- 8.5.1. Gelatin Capsules
- 8.6. Market Analysis, Insights and Forecast – By End User
- 8.6.1. Pharmaceutical Industry
- 8.6.2. Nutraceutical Industry
- 8.6.3. Other
- 8.7. Market Analysis, Insights and Forecast – By Country
- 8.7.1. China
- 8.7.2. India
- 8.7.3. Japan
- 8.7.4. Australia
- 8.7.5. South East Asia
- 8.7.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Empty Capsules Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Application
- 9.2.1. Antibiotic & Antibacterial Drugs
- 9.2.2. Vitamin & Dietary Supplements
- 9.2.3. Antacid & Antiflatulent Preparations
- 9.2.4. Cardiovascular Therapy Drugs
- 9.2.5. Cough & Cold Drugs
- 9.2.6. Other
- 9.3. Market Analysis, Insights and Forecast – By Functionality
- 9.3.1. Immediate-release Capsules
- 9.3.2. Sustained-release Capsules
- 9.3.3. Delayed-release Capsules
- 9.4. Market Analysis, Insights and Forecast – By Source
- 9.4.1. Porcine
- 9.4.2. Bovine
- 9.4.3. Marine
- 9.4.4. Natural
- 9.5. Market Analysis, Insights and Forecast – By Type
- 9.5.1. Gelatin Capsules
- 9.5.1.1. Hard Gelatin
- 9.5.1.2. Soft Gelatin
- 9.5.2. Non-gelatin Capsules
- 9.5.1. Gelatin Capsules
- 9.6. Market Analysis, Insights and Forecast – By End User
- 9.6.1. Pharmaceutical Industry
- 9.6.2. Nutraceutical Industry
- 9.6.3. Other
- 9.7. Market Analysis, Insights and Forecast – By Country
- 9.7.1. Brazil
- 9.7.2. Saudi Arabia
- 9.7.3. UAE
- 9.7.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Capsugel (Part of Lonza)
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ACG Worldwide
- 10.6. Qualicaps (Subsidiary of Mitsubishi Chemical Holdings Corporation)
- 10.7. CapsCanada
- 10.8. Suheung Co. Ltd.
- 10.9. Roxlor
- 10.10. Medi-Caps Ltd.
- 10.11. HealthCaps India Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
