Empty Capsule Market Research Report – Global Forecast till 2023

Empty Capsule Market Research Report, by Raw Materials (bovine, porcine, non-gelatin), Physical Characteristics (hard capsules, soft capsules) Certification (halal certification, non-halal certification) – Global forecast till 2023

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

Market Scenario


The global 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 global 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 global 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.


Intended Audience



  • Pharmaceutical companies

  • Government and private laboratories

  • Research and Development (R&D) companies

  • Medical research laboratories

  • Market research and consulting service providers


Market Segmentation and Key Market Players


Global Empty capsule Market, by Raw Materials



  • Bovine

  • Porcine

  • Non-gelatin


Global Empty capsule Market, by Physical Characteristics



  • Halal Certification

  • Non-Halal Certification


Global Empty capsule Market, by Certification



  • Halal Certification

  • Non-Halal Certification


Global Empty capsule Market, by End User



  • Pharmaceutical Industries

  • Academic & Research Organizations


Global 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



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, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.3 Porcine

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

6.4 Non-gelatin

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 7. Global Empty Capsule Market, by Physical Characteristics

7.1 Introduction

7.2 Hard Capsules

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

7.3 Soft Capsules

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

Chapter 8. Global Empty Capsule Market, by Certification

8.1 Introduction

8.2 Halal Certification

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

8.3 Non-Halal Certification

Market Estimates & Forecast, by Region, 2018–2023

Market Estimates & Forecast, by Country, 2018–2023

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, 2018–2023

Table 2 Global Empty Capsule Market Estimates and Forecast, 2018–2023 (USD Million)

Table 3 Global Empty Capsule Market, by Region, 2018–2023 (USD Million)

Table 4 Global Empty Capsule Market, by Raw Materials, 2018–2023 (USD Million)

Table 5 Global Empty Capsule Market, by Physical Characteristics, 2018–2023 (USD Million)

Table 6 Global Empty Capsule Market, by Certification, 2018–2023 (USD Million)

Table 7 North America: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 8 North America: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 9 North America: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 10 US: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 11 US: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 12 US: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 13 Canada: Empty Capsule Market ,by Raw Materials, 2018–2023 (USD Million)

Table 14 Canada: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 15 Canada: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 16 South America: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 17 South America: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 18 South America: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 19 Europe: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 20 Europe: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 21 Europe: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 22 Western Europe: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 23 Western Europe: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 24 Western Europe: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 25 Eastern Europe: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 26 Eastern Europe: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 27 Eastern Europe: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 28 Asia-Pacific: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 29 Asia-Pacific: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 30 Asia-Pacific: Empty Capsule Market , by Certification, 2018–2023 (USD Million)

Table 31 Middle East & Africa: Empty Capsule Market , by Raw Materials, 2018–2023 (USD Million)

Table 32 Middle East & Africa: Empty Capsule Market , by Physical Characteristics, 2018–2023 (USD Million)

Table 33 Middle East & Africa: Empty Capsule Market , by Certification, 2018–2023 (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, 2017

Figure 5 Global Empty Capsule Market Share, by Physical Characteristics, 2017

Figure 6 Global Empty Capsule Market Share, by Certification, 2017

Figure 7 Global Empty Capsule Market Share, by Region, 2017

Figure 8 North America: Empty Capsule Market Share, by Country, 2017

Figure 9 Europe: Empty Capsule MarketShare, by Country, 2017

Figure 10 Asia-Pacific: Empty Capsule Market Share, by Country, 2017

Figure 11 Middle East & Africa: Empty Capsule Market Share, by Region, 2017

Figure 12 Global Empty Capsule Market: Company Share Analysis, 2017 (%)

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.