Empty Capsule Market Research Report – Forecast till 2027

Empty Capsule Market Research Report, by Raw Materials (bovine, porcine, non-gelatin), Physical Characteristics (hard capsules, soft capsules) Certification (halal certification, non-halal certification) - forecast till 2027

ID: MRFR/HC/5687-HCR | February 2021 | Region: Global | 90 pages

Empty Capsule Market Scenario


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


Capsules are stable shells that are used for encapsulating active ingredients which are formulations having therapeutic activity. Capsules are commonly used in the pharmaceutical industry when a drug cannot be compressed into a solid tablet. Easy administration and wide applicability are some of the major advantages associated with capsule-based drug delivery. Increasing investments in capsule manufacturing plants, rising demands for halal capsules, and growing applications in nutraceutical industries are some of the major drivers for the global empty capsule market. However, the high cost of vegetarian capsules and fluctuating prices of raw materials are estimated to restrain the market growth during the forecast period.


Further, in the recent years, the popularity of capsule-based drug delivery systems has gained momentum and thus, the demand for capsules has increased. In such prevailing market conditions, many of the market players have increased their investments in capsule manufacturing plants, with an aim to increase their capsule production capacity and cater to the growing demand. Following the illustrated course, in 2015, Capsugel (a Lonza company) invested more than USD 25 million for increasing its production capacity of the vegetarian capsule portfolio. Conclusively, such investments enable the companies to increase their production capacity and make the capsules available in the market for consumers. Thus, increasing investments in the capsule manufacturing plants are estimated to provide a suitable driving force during the forecast period.


The applications of hard capsules in nutraceutical industries are growing owing to various factors such as taste masking capability and better delivery of dosage forms, among others. Moreover, many prominent empty hard capsule manufacturers are developing products intended for pharmaceutical and nutraceutical industries. For instance, Capsugel manufactures coni-snap sprinkle capsules designed for consumer health and nutrition applications. In addition, these capsules are designed to meet the needs of the rapidly growing population having difficulty in swallowing. Thus, the increasing demand for nutraceutical products followed by the parallel consumption of capsules within the sector is estimated to drive the market during the forecast period.


Segmentation


The 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. certification 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 Market Summary


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.


The Americas market for empty capsule is segmented into North Americas and South America. North America is further segmented into US and Canada. Americas accounted for the largest market share in the global empty capsule market.


Europe accounted for the second largest market behind Americas. Europe consist of two regions namely Western Europe and Eastern Europe. Western Europe holds the major share of the market, which is majorly contributed by Germany, the U.K., and France. The major factors accountable for the growth of the empty capsule market comprise of growing application in nutraceuticals market, growing prevalence of diseases etc.


Asia Pacific is the fastest growing region in empty capsule market. Increasing need for better diagnostic devices, better and safe therapeutic approach, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.


Global Empty capsule Market Share (%), by Region, 2017


Empty capsule Market
Sources: Centers for Disease Control and Prevention, U.S. Census Bureau, Kodiak Island Borough School District Annual Reports, Press Release, White Paper, And Company Presentation


Key players


Some of the key players in the 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


Research Methodology


Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years, by analysing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.



  • Primary Research


Extensive primary research was conducted to gain a deeper insight of the market and the industry performance. In this particular report we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.



  • Secondary Research


Secondary research was mainly used to collect and identify information useful for extensive, technical, market-oriented, and commercial study of the Empty capsule market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.


Market Segmentation and Key Market Players


Empty capsule Market, by Raw Materials



  • Bovine

  • Porcine

  • Non-gelatin


Empty capsule Market, by Physical Characteristics



  • Halal Certification

  • Non-Halal Certification


Empty capsule Market, by Certification



  • Halal Certification

  • Non-Halal Certification


Empty capsule Market, by End User



  • Pharmaceutical Industries

  • Academic & Research Organizations


Empty capsule Market, by Key Players



  • Neopharma

  • Tabuk Pharmaceuticals

  • Julphar

  • Roxlo

  • QUALICAPS

  • ACG-Associated Capsules

  • Medi-Caps Ltd

  • Capsuge

  • ACDIMA

  • NecLife

  • Sunil Healthcare Limited

  • Arab Caps



Intended Audience



  • Pharmaceutical companies

  • Government and private laboratories

  • Research and Development (R&D) companies

  • Medical research laboratories

  • Market research and consulting service providers




Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   8.8% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Raw materials, Physical characteristics, Certification, End user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Neopharma, Tabuk Pharmaceuticals, Julphar,Roxlor,QUALICAPS, ACG-Associated Capsules, Medi-Caps Ltd, Capsugel,ACDIMA, NecLife, Sunil Healthcare Limited, Arab Caps and others
  Key Market Opportunities   Increasing investments in the capsule manufacturing plants
  Key Market Drivers

  • Increasing investments in capsule manufacturing plants
  • Rising demands for halal capsules
  • Growing applications in nutraceutical industries


  • Frequently Asked Questions (FAQ) :


    The empty capsule market has a growth opportunity of 8.8% during the forecast period of 2018 to 2023.

    High investment rate to bolster growth for the empty capsule market.

    The Americas would steer the global empty capsule market ahead.

    The Asia Pacific empty capsule market would be the fastest-growing.

    The noted players taking part in the empty capsule market are Julphar, Roxlor, QUALICAPS, Neopharma, Tabuk Pharmaceuticals, Medi-Caps Ltd, ACG-Associated Capsules, Capsugel, Sunil Healthcare Limited, ACDIMA, NecLife, Arab Caps, and others.

    Table of Contents:


    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    Chapter 6. Global Empty Capsule Market, by Raw Materials

    6.1 Introduction

    6.2 Bovine

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.3 Porcine

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.4 Non-gelatin

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 7. Global Empty Capsule Market, by Physical Characteristics

    7.1 Introduction

    7.2 Hard Capsules

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3 Soft Capsules

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 8. Global Empty Capsule Market, by Certification

    8.1 Introduction

    8.2 Halal Certification

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.3 Non-Halal Certification

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 9. Global Empty Capsule Market, by End User

    9.1 Introduction

    9.2 Pharmaceutical Industries

    Market Estimates & Forecast, by Region, 2019–2023

    Market Estimates & Forecast, by Country, 2019–2023

    9.3 Academic & Research Organizations

    Market Estimates & Forecast, by Region, 2019–2023

    Market Estimates & Forecast, by Country, 2019–2023


    Chapter 10. Global Empty Capsule Market, by Region

    10.1 Introduction

    10.2 Americas

    10.2.1 North America

    10.2.1.1 U.S.

    10.2.1.2 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 Italy

    10.3.1.4 Spain

    10.3.1.5 UK

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia-Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 South Korea

    10.4.6 Rest of Asia-Pacific

    10.5 Middle East & Africa

    10.5.1 Middle East

    10.5.2 Africa

    Chapter 11. Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    Chapter 12. Company Profiles

    12.1 Neopharma

    12.1.1 Company Overview

    12.1.2 Product Overview

    12.1.3 Financials Overview

    12.1.4 Key Developments

    12.1.5 SWOT Analysis

    12.2 Tabuk Pharmaceuticals

    12.2.1 Company Overview

    12.2.2 Product Overview

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.3 Julphar.

    12.3.1 Company Overview

    12.3.2 Product Overview

    12.3.3 Financial Overview

    12.3.4 Key Development

    12.3.5 SWOT Analysis

    12.4 Roxlor

    12.4.1 Company Overview

    12.4.2 Technologys/Business Segment Overview

    12.4.3 Financial Overview

    12.4.4 Key Development

    12.4.5 SWOT Analysis

    12.5 ACG-Associated Capsules

    12.5.1 Company Overview

    12.5.2 Product Overview

    12.5.3 Financial overview

    12.5.4 Key Developments

    12.5.5 SWOT Analysis

    12.6 Medi-Caps Ltd

    12.6.1 Company Overview

    12.6.2 Product Overview

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.6.5 SWOT Analysis

    12.7 Capsugel

    12.7.1 Overview

    12.7.2 Product Overview

    12.7.3 Financial Overview

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.8 ACDIMA

    12.8.1 Overview

    12.8.2 Product/ Technology Overview

    12.8.3 Financials

    12.8.4 Key Developments

    12.8.5 SWOT Analysis

    12.9 NecLife.

    12.9.1 Overview

    12.9.2 Product Overview

    12.9.3 Financials

    12.9.4 Key Developments

    12.9.5 SWOT Analysis

    12.10 Sunil Healthcare Limited

    12.10.1 Overview

    12.10.2 Product Overview

    12.10.3 Financials

    12.10.4 Key Developments

    12.10.5 SWOT Analysis

    12.12 Arab Caps

    12.12.1 Overview

    12.12.2 Product Overview

    12.12.3 Financials

    12.12.4 Key Developments

    12.12.5 SWOT Analysis

    12.12 Others

    Chapter 13 MRFR Conclusion

    13.1 Key Findings

    13.1.1 From CEO’s Viewpoint

    13.1.2 Unmet Needs of the Market

    13.2 Key Companies to Watch

    13.3 Predictions for the Empty Capsule Market Industry

    Chapter 14. Appendix

    LIST OF TABLES

    Table 1 Global Empty Capsule Market Synopsis, 2020-2027

    Table 2 Global Empty Capsule Market Estimates and Forecast, 2020-2027 (USD Million)

    Table 3 Global Empty Capsule Market, by Region, 2020-2027 (USD Million)

    Table 4 Global Empty Capsule Market, by Raw Materials, 2020-2027 (USD Million)

    Table 5 Global Empty Capsule Market, by Physical Characteristics, 2020-2027 (USD Million)

    Table 6 Global Empty Capsule Market, by Certification, 2020-2027 (USD Million)

    Table 7 North America: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 8 North America: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 9 North America: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 10 US: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 11 US: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 12 US: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 13 Canada: Empty Capsule Market ,by Raw Materials, 2020-2027 (USD Million)

    Table 14 Canada: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 15 Canada: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 16 South America: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 17 South America: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 18 South America: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 19 Europe: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 20 Europe: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 21 Europe: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 22 Western Europe: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 23 Western Europe: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 24 Western Europe: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 25 Eastern Europe: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 26 Eastern Europe: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 27 Eastern Europe: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 28 Asia-Pacific: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 29 Asia-Pacific: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 30 Asia-Pacific: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    Table 31 Middle East & Africa: Empty Capsule Market , by Raw Materials, 2020-2027 (USD Million)

    Table 32 Middle East & Africa: Empty Capsule Market , by Physical Characteristics, 2020-2027 (USD Million)

    Table 33 Middle East & Africa: Empty Capsule Market , by Certification, 2020-2027 (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Global Empty Capsule Market

    Figure 3 Market Dynamics for Global Empty Capsule Market

    Figure 4 Global Empty Capsule Market Share, by Raw Materials, 2020

    Figure 5 Global Empty Capsule Market Share, by Physical Characteristics, 2020

    Figure 6 Global Empty Capsule Market Share, by Certification, 2020

    Figure 7 Global Empty Capsule Market Share, by Region, 2020

    Figure 8 North America: Empty Capsule Market Share, by Country, 2020

    Figure 9 Europe: Empty Capsule MarketShare, by Country, 2020

    Figure 10 Asia-Pacific: Empty Capsule Market Share, by Country, 2020

    Figure 11 Middle East & Africa: Empty Capsule Market Share, by Region, 2020

    Figure 12 Global Empty Capsule Market: Company Share Analysis, 2020 (%)

    Figure 13 Neopharma: Key Financials

    Figure 14 Neopharma: Segmental Revenue

    Figure 15 Neopharma Geographical Revenue

    Figure 16 Julphar.: Key Financials

    Figure 17 Julphar Segmental Revenue

    Figure 18 Julphar: Geographical Revenue

    Figure 19 QUALICAPS: Key Financials

    Figure 20 QUALICAPS: Segmental Revenue

    Figure 21 QUALICAPS: Geographical Revenue

    Figure 22 Capsugel: Key Financials

    Figure 23 Capsugel: Segmental Revenue

    Figure 24 Capsugel: Geographical Revenue

    Figure 25 ACG-Associated Capsules: Key Financials

    Figure 26 ACG-Associated Capsules: Segmental Revenue

    Figure 27 ACG-Associated Capsules: Geographical Revenue



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.