Market Overview

The global Empty capsule market is expected to register a CAGR of approx 8.8 % during the forecast period of 2018 to 2023.

Market Dynamics

The global empty capsule market is being driven by increasing investments in capsule manufacturing plants, rising demand for halal capsules, and growing applications in the nutraceutical industry. Furthermore, the popularity of capsule-based drug delivery systems has grown in recent years, resulting in a rise in capsule demand. Many industry players have increased their investments in capsule manufacturing plants in response to the current market conditions, in order to increase their capsule production capacity and meet the increasing demand. Following the illustrated route, Capsugel (a Lonza company) invested more than USD 25 million in 2015 to expand its vegetarian capsule production range. To summarize, such investments allow companies to expand their production capacity and make capsules available to customers on the market. As a result, rising investments in capsule manufacturing plants are expected to provide a sufficient driving force during the forecast period.

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Due to various factors such as taste masking capability and improved distribution of dosage types, hard capsules are becoming more common in the nutraceutical industry. Furthermore, a number of well-known empty hard capsule manufacturers are working on products for the pharmaceutical and nutraceutical industries. Capsugel, for example, makes coni-snap sprinkle capsules for consumer health and nutrition applications. These capsules are often intended to meet the needs of the increasing population of people who have trouble swallowing. Thus, during the forecast period, the market is expected to be driven by rising demand for nutraceutical products and parallel consumption of capsules within the industry.

During the forecast period, however, the high cost of vegetarian capsules and fluctuating raw material prices are expected to limit market growth.

Market segmentation

The global Empty capsule market is segmented based on raw materials, physical characteristics, certification, end user and region.

On the basis of raw materials, the market is segmented into Bovine, Porcine, Non-gelatin.

Further, on the basis of physical characteristics, the market is segmented into hard capsules, soft capsules.

Based on the certification, the market is segmented into halal certification, non-halal certification and others.

On the basis of end user, the market is segmented into pharmaceutical industries, academic research organizations.

Regional Overview

In the current scope of the study, the above-mentioned segments are covered into four global regions, namely- the Americas, Europe, Asia Pacific and the Middle East Africa.

North America and South America make up the vacant capsule market in the Americas. North America is further divided into two parts: the United States and Canada. In the global empty capsule market, the Americas had the largest share. There has been an increase in the use of these nutraceuticals since they aid in the prevention of major health problems such as obesity, cancer, and arthritis. Since capsules are the most common solid oral dosage type, the nutraceutical industry in this region has a high demand for empty capsules.

After the Americas, Europe was the second-largest market. Western Europe and Eastern Europe are the two areas that make up Europe. Germany, the United Kingdom, and France account for the majority of the market share in Western Europe. Growing applications in the nutraceuticals industry, rising disease prevalence, and other factors are driving the growth of the empty capsule market. The rising prevalence of the geriatric population, as well as the chronic diseases that come with it, creates a high demand for therapeutically effective drugs to treat chronic illnesses.

In the empty capsule market, Asia Pacific is the fastest growing country. The proliferation of pharmaceutical industries in this area, favorable government initiatives pertaining to the development of healthcare infrastructure, which includes pharmaceutical manufacturing industries, and rising demand for nutraceuticals and cosmeceuticals as a result of increased awareness about wellness trends and fitness-oriented cha Furthermore, the growing demand for better diagnostic instruments, better and safer therapeutic approaches, rapidly evolving technology, and the presence of a large patient pool are driving this market's growth in Asia Pacific.

Competitive Dynamics

Some of the key players in the global Empty capsule market are Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab Caps and others.

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