The global empty capsule market is projected to reach $4.1 billion by 2028, at a CAGR of 7.7% during 2023-2028. The growth of empty capsule market is driven by growing demand for halal gelatin and vegetarian capsules, rising demand for nutraceutical ingredient based capsules, and growing need for empty capsules as the pharmaceutical industry flourishes.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the empty capsule market by product type (gelatin capsules and non-gelatin capsules), functionality (immediate-release capsules, sustained-release capsules, and delayed-release capsules), therapeutic application (antibiotic & antibacterial drugs, dietary supplements, antacid & antiflatulent preparations, and others), end use industry (pharmaceutical industry, nutraceutical industry, and others), and region?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the empty capsule market?
Q.4 What are some changing demands of customers in the empty capsule market?
Q.5 What are the new developments in the empty capsule market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this empty capsule area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this empty capsule market?
Based on product type, the empty capsule market is segmented into gelatin capsules and non-gelatin capsules. The gelatin capsules segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand for immediate-release capsules by manufacturers for production of medical products, such as antibiotics, inhalers, pain relievers, and dietary supplements.
North America will remain the largest region due to the presence of a well-developed and organized healthcare system, increasing government funding in healthcare, and rising geriatric population in the region.
Key Players in the empty capsule market are Capsugel, ACG, Qualicaps, Suheung, CapsCanada, and Qingdao Yiqing.
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