Global Empty Capsules Market size was valued at USD 2.89 billion in 2023 to USD 4.96 billion by 2031, growing at a CAGR of 7% during the forecast period (2024-2031). The main driving forces behind growth are the demographic of the aging population, in whom there is a change of preference from tablets to capsules, and an increased demand for empty capsules in the pharmaceutical, nutraceutical, and cosmeceutical industries. Therapeutically effective medications are in great demand because most elderly folks have chronic health ailments. Solid dose form capsules are preferred by the geriatric population as they are easier to swallow, dissolve faster compared to other oral dosage forms, and cause less gastrointestinal upset. More investment in R&D and clinical research, development of novel delivery systems, and speeding up the technologies of capsule administration are anticipated to positively influence the growth of the market.
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Advancements in Capsule Technology Helps in Improving Moisture Control and Encapsulation Efficiency
An increase in the demand for hard capsules to protect liquid contents is an indication of future market growth. For filling liquid, semisolid, and poorly soluble substances, the soft gelatin capsule is recommended as a dose. Softgel capsules contain hygroscopic glycerol and plasticizers. Softgel capsules may desiccate their inner content throughout the manufacture process, but this takes many hours or days to reach the equilibrium moisture level. Several nutraceutical companies prefer liquid encapsulation with softgels, but scientists emphasized the urgent need to identify two-piece hard gelatin to get over the problem since the former has a tendency to stick.
For instance, a firm called CapsCanada, which comes under Lyfe Group, was recently granted clearance to manufacture and sell a liquid-filled aspirin capsule in February 2022. Drug delivery system uses the PLxGuard delivery platform to deliver drugs in the gastrointestinal tract through this device.
Strategic Factors Influencing Competition in the Empty Capsules Market
Due to the presence of many companies within the industry, the global empty capsules market is relatively fragmented and competitive. Some of the key strategies followed by market players include partnerships, collaborations, mergers, and acquisitions along with new product development. The market is high on innovation since companies engage in R&D as a strategy for developing innovative new products. Technical innovations and developments in the production process of capsules, such as plant-based or vegetarian ones, are critical to staying competitive. Old-established companies and newcomers are trying to keep pace with changed customer needs and market trends within both the nutraceutical and pharmaceutical industries.
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Major Acquisitions and Product Launches in Capsule Technology
Companies manufacturing drug delivery capsules have witnessed great innovations over the past years of improvement in a firm’s ability to manufacture. The market is dynamic, with companies trying to innovate and improve their product offerings as the need for more specialized drug delivery systems continues to grow and demands for improved stability in products increase. To remain in the cutthroat competition and to cope with the changing demand of the customers, market leaders are aggressively searching for strategic acquisitions and innovation with new products. Many reputable corporations have invested heavily in expansion and transformation so as to spread their business in the international market.
- In March 2023, Vantage Nutrition acquired its subsidiary ComboCap Inc from the US and received a sole global position because it would serve all health products under the company globally. The innovative three-piece capsule design separates wet and dry ingredients through an internal divider within the capsule itself.
- In April 2021, CapsCanada Corporation released its new series of Vcaps Plus HPMC capsules. Continuing an effort to improve stability and bioavailability for pharmaceutical and nutraceutical applications.
- In March 2021, ACG Group acquired a German-based company dealing with pharma packaging, ACG Pam Pharma Technologies GmbH as part of its expansion into Europe.
This report covers following segments:
A. Product
Gelatine Capsules
Non-gelatine Capsules
B. Functionality
Immediate-Release Capsules
Sustained-Release Capsules
Delayed-Release Capsules
C. Application
Antibiotic and Antibacterial Drugs
Dietary Supplements
Antacid
Antiflatulent Preparations
D. End Use
Pharmaceutical Industry
Nutraceutical Industry
Cosmetic Industry and Research Laboratories
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This report covers following key players:
Capsugel
ACG Worldwide
Suheung Co., Ltd.Qualicaps, Inc.
Lonza Group Ltd.
Farmacapsulas S.A.
Medi-Caps Ltd.
Roxlor LLC
Snail Pharma Industry Co., Ltd.
Nectar Lifesciences Ltd.
Sunil Healthcare Ltd.
Bright Pharma Caps, Inc.
Natural Capsules Ltd.
JC Biological Technology Co., Ltd.
Shanxi Guangsheng Medicinal Capsule Co., Ltd.
Healthcaps India Limited
CapsCanada Corporation
Lefancaps® Capsule
Healsee Capsule Co., Ltd.
Shanghai Honglian Medical Tech Group Co., Ltd.
The growing geriatric population, and a vast demand for empty capsules in pharmaceutical, nutraceutical, and cosmeceutical industries, are expected to witness market growth positively during the forecast period. Increasing demand for capsules over tablets from the customers supports the growth of the market. The increased ageing population coupled with chronic diseases have brought upon a heavy demand to produce drugs that are therapeutically active for chronic health conditions. Capsules represent the favorite solid dosage form among the geriatric patients owing to the following reasons such as easiness to swallow, and they get dissolved rapidly compared with any other oral dosage form, thereby showing less irritation to the gastrointestinal tract.
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