The Empty Capsules Global Market Report 2023, provides comprehensive information on the empty capsules market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global empty capsules market size is expected to grow from $2.71 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the empty capsules market is expected to grow to $4.15 billion in 2027 at a CAGR of 8.9%.
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Product innovations are a key trend gaining popularity in the empty capsules market. Major companies operating in empty capsules are developing new products to strengthen their position in the market. For example, in October 2021, CapsCanada, a Canada-based pharmaceutical company that develops empty capsules launched a new liquid-filled hard capsule manufacturing service. This aims for the development of full-scale production, which is less complex and capital-intensive than manufacturing soft gels, with filling equipment available at all scales, from benchtop to production.
The empty capsules market is segmented:
1) By Type: Gelatin Capsules, Non-Gelatin Capsules
2) By Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules
3) By Application: Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Drug Preparations, Other Therapeutic Applications
4) By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories
North America was the largest region in the empty capsules market in 2022.
The table of contents in TBRC’s empty capsules market report includes:
- Executive Summary
- Empty Capsules Market Characteristics
- Empty Capsules Market Trends And Strategies
- Empty Capsules Market – Macro Economic Scenario
- Empty Capsules Market Size And Growth
- Empty Capsules Market Segmentation
- Empty Capsules Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Empty Capsules Market
- Empty Capsules Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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