Empty Capsules Market by Type and Geography - Forecast and Analysis 2022-2026

The empty capsules market share is estimated to increase by USD 1.10 billion from 2021 to 2026, increasing at an accelerating CAGR of 7.3%.

This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by type (gelatin, capsules, and non-gelatin capsules) and geography (North America, Europe, Asia, and the Rest of the World (ROW)). The market report also offers information on several market vendors, including ACG, Bright Pharma Caps Inc., Ajix Inc., Healthcaps India Ltd., Lonza Group Ltd., Mitsubishi Chemical Holdings Corp., Nectar Lifesciences Ltd., Qingdao Yiqing Biotechnology Co. Ltd., Roxlor LLC, Shanxi Guangsheng Medicinal Capsule Co. Ltd., Shanxi JC Biological Technology Co. Ltd., Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Sunil Healthcare Ltd. among others. One of the key highlights of this report is the post-COVID-19 impact analysis on the market, which will help companies evaluate their business approaches for the future.

What will the Empty Capsules Market Size be During the Forecast Period?

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Empty Capsules Market: Key Drivers, Trends, and Challenges

The increasing applications in the pharmaceutical industry are notably driving the market growth, although factors such as the risk of counterfeiting in the pharmaceutical industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the empty capsules industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Empty Capsules Market Driver

• One of the key drivers supporting market growth is the increasing applications in the pharmaceutical industry. 
• The rise in the geriatric population globally and the demand for quick pharmaceutical services are the two prominent factors driving the production of therapeutics to cure various diseases.
• Factors such as increasing healthcare awareness and the growing knowledge of medicines among people owing to the high penetration of the Internet are increasing the sales of over-the-counter (OTC) drugs.
• To cater to consumer requirements, over-the-counter drug manufacturers are introducing specific medicines for treating minor ailments, which, in turn, increases the demand for empty capsules. Thus, the growth in pharmaceutical sales is expected to augment the growth of the global market during the forecast period.

Key Empty Capsules Market Trend

• One of the key market trends fueling market growth is the increasing demand for generic drugs.
• Generic drugs are equal substitutes for already marketed branded drugs, which have the same performance characteristics, clinical benefits, quality, dosage form, strength, safety, intended use, and route of administration as the latter.
• Generic drugs do not require to pass any clinical trial or tests, unlike their branded counterparts, which significantly reduces their upfront research costs.
• According to the US FDA, in the past decade, generic drugs have saved $2.2 trillion dollars for the US healthcare system. Such an increasing demand for generic drugs will fuel market growth during the forecast period.

Key Empty Capsules Market Challenge

• One of the challenges hindering market growth is the risk of counterfeiting in the pharmaceutical industry.
• Counterfeit drugs can be a threat to consumers' lives. They can also lead to financial losses for pharmaceutical vendors and packaging vendors.
• Significantly, the after-effects of counterfeit drugs can affect the brand reputation of original pharmaceutical manufacturers.
• The global pharmaceutical supply chain is complex, with the presence of many intermediaries. Hence, there is a chance that the original product can be stolen or replaced with the counterfeit one.
• Counterfeit products have the potential to damage a brand's reputation and consumer confidence. Thus, the risk of counterfeiting in the pharmaceutical industry can be challenging for the growth of the global market during the forecast period. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global empty capsules market as a part of the global pharmaceuticals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Empty Capsules Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ACG
• Bright Pharma Caps Inc.
• Ajix Inc.
• Healthcaps India Ltd.
• Lonza Group Ltd.
• Mitsubishi Chemical Holdings Corp.
• Nectar Lifesciences Ltd.
• Qingdao Yiqing Biotechnology Co. Ltd.
• Roxlor LLC
• Shanxi Guangsheng Medicinal Capsule Co. Ltd.
• Shanxi JC Biological Technology Co. Ltd.
• Snail Pharma Industry Co. Ltd.
• Suheung Co. Ltd.
• Sunil Healthcare Ltd.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• ACG - The company offers HX vegetarian capsules suitable for pharmaceutical and nutraceutical applications available in different colour combinations of blue and white and can be used with titanium dioxide-free opacifiers. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Empty Capsules Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the empty capsules market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for the Empty Capsules Market?

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37% of the market's growth will originate from North America during the forecast period. The US is the key market for empty capsules in North America. Market growth in this region will be faster than the growth of the market in the Rest of the World (ROW).

The demand for US FDA-approved generic medicines will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 adversely impacted the regional pharmaceutical industry, primarily during the first half of 2020. However, the significant growth in the demand for generic and branded medicines, which are effective in curing lung congestion and fever, led pharmaceutical retailers to look for solutions to continue the supply of such medicines to the public. The vendors in the regional market have increased their investments in enhancing their distribution networks and are expanding their partnerships to strengthen their position in the market.   

What are the Revenue-generating Type Segments in the Empty Capsules Market?

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The market share growth in the gelatin capsules segment will be significant during the forecast period. Gelatin capsules offer convenient packaging that ensures reliable dosing, portability, and high consumer compliance. They are soft, which helps in the easy breakdown of the film and absorption of the drugs without any side effects. These gelatin capsules are widely used in medications and dietary supplements. Thus, the gelatin capsule segment is anticipated to witness growth in the global market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Empty Capsules Market Scope
Report Coverage	Details
Page number	126
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.3%
Market growth 2022-2026	$1.10 billion
Market structure	Fragmented
YoY growth (%)	6.7
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 37%
Key consumer countries	US, Germany, UK, China, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ACG, Bright Pharma Caps Inc., Ajix Inc., Healthcaps India Ltd., Lonza Group Ltd., Mitsubishi Chemical Holdings Corp., Nectar Lifesciences Ltd., Qingdao Yiqing Biotechnology Co. Ltd., Roxlor LLC, Shanxi Guangsheng Medicinal Capsule Co. Ltd., Shanxi JC Biological Technology Co. Ltd., Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., and Sunil Healthcare Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Empty Capsules Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the empty capsules industry across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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