Two-Piece Empty Hard Capsule Market Research Report - Global Forecast till 2027

Global Two-Piece Empty Hard Capsule Market Research Report: Information by Raw Material (Gelatin, HPMC (Hydroxypropyl Methylcellulose) and Starch & Pullulan), End Use (Pharmaceuticals, Health & Nutrition and others) and Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027

ID: MRFR/Pharma/4823-CR | August 2019 | Region: Global | 87 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.

Overview


The Global Two-Piece Empty Hard Capsule Market is expected to register 7.23% CAGR and is projected to reach USD 2,585.7 million by 2023. Two-piece empty hard capsules are a dosage format created by pharmaceutical companies to ensure the consumption of medicines. This is beneficial for consumers unable to intake medicines or drugs in tablet form.


Major drivers for the growth of two-piece empty hard capsule market across the globe are increasing investments in empty hard capsule manufacturing plants, rising demand for kosher- and halal-certified capsules and growing applications in nutraceutical diseases. The growth of the market is restricted by the high cost of vegetarian capsules and fluctuating prices of raw materials during the forecast period.


Market Dynamics


The increasing investments in empty hard capsule manufacturing plants, rising demand for kosher- and halal-certified capsules, and growing applications in nutraceutical diseases are the factors that are driving the market growth. For instance, in August 2016, ACG Worldwide invested 1.85 billion baht in building a capsule factory in Rayong (Thailand). Moreover, in March 2015, Capsugel (now a Lonza Company) invested more than 25 million USD for increasing the production capacity of the company’s vegetarian capsule portfolio. The growth of the market is restricted by the high cost of vegetarian capsules and fluctuating prices of raw materials during the forecast period.


Global Two-Piece Empty Hard Capsule Market Size, by End Use, 2016, 2017, 2018 (%)  Two-Piece Empty Hard Capsule Market


Source: MRFR Analysis


Segmentation


The global two-piece empty hard capsule market has been segmented into raw material and end use. 


Based on raw material, the global market has been segregated into gelatin, HPMC (hydroxypropyl methylcellulose), and starch & pullulan.


Based on end use, the global market has been classified as pharmaceuticals, health & nutrition, and others. The pharmaceuticals segmented accounted for USD 769.7 million in 2016.


Key Players


The prominent players in the global two-piece empty hard capsule market are CapsCanada (Canada), Capsugel (US), Hunan ER-KANG Pharmaceutical Co., Ltd (China), Shanxi Guangsheng Medicinal Capsule Co., Ltd (China), Suheung Co., Ltd (South Korea), ACG (India), and Qualicaps (Mitsubishi Chemical Holdings) (Japan).


Some of the key strategies followed by the players operating in the global two-piece empty hard capsule market are innovation, product development, acquisition, and expansion.


Asia-Pacific Two-Piece Empty Hard Capsule Market Share, by Country, 2016 (%)  Two-Piece Empty Hard Capsule Market


Source: MRFR Analysis


Regional Analysis


The global two-piece empty hard capsule market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the rest of world. The Americas is estimated to dominate the global two-piece empty hard capsule market during the forecast period due to the growing preference for capsule dosage forms and increasing pharmaceutical manufacturing industries.


The European market for the two-piece empty hard capsule is expected to be the second-largest during the forecast period. The growing preference for capsule dosage forms and growing pharmaceutical manufacturing industries are the drivers fueling the market growth.


Asia-Pacific is estimated to be the fastest-growing market due to the proliferation of pharmaceutical industries in this region, the favorable government initiatives in the healthcare sector, and growing pharmaceutical manufacturing industries. Moreover, in the Asia-Pacific, Southeast Asia accounted for a market share of 14% in 2016. Furthermore, the market in the rest of the world is expected to witness steady growth due to limited access and healthcare affordability among the population.


Key Updates



  • In February 2018, CapsCanada expanded its K-CAPS manufacturing capacity by investing USD 28 million. With this, the company aimed to increase its capsule production to meet the rising global demand for K-CAPS



  • In November 2016, Capsugel presented its first scientific presentation of Vcaps Enteric Capsules and showcased latest innovations at AAPS 2016.



  • In October 2017, Suheung America Corporation announced the release of the EMBO CAPS VG ALPHA. With this release, the company expanded its vegetarian capsule product line. The capsule was developed at the company’s South Korean manufacturing facility.


Market Segmentation


Global Two-Piece Empty Hard Capsule Market, by Raw Material



  • Gelatin

  • HPMC (Hydroxypropyl Methylcellulose)

  • Starch & Pullulan


Global Two-Piece Empty Hard Capsule Market, by End Use



  • Pharmaceuticals

  • Health and Nutrition

  • Others


Global Two-piece empty hard capsule Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin America

      • Brazil



    • Rest of Latin America





  • Europe

    • Asia-Pacific

    • China

    • Japan

    • India

    • Southeast Asia

    • Rest of Asia-Pacific





  • Rest of the World


Available Additional Customizations



  • Investment Opportunities in the Market

  • Challenges in the Market


Intended Audience



  • Academic research institutes

  • Government institutes

  • Regulatory agencies

  • Pharmaceutical companies



Frequently Asked Questions (FAQ) :


two-piece empty hard capsule market projected to grow at approximately 7.23% CAGR during the assessment period (2020-2027).

The valuation of the global two-piece empty hard capsule market is estimated to increase to USD 2,585.7 MN by the end of 2023.

Rising demand for kosher- and halal-certified capsules, increasing investments in empty hard capsule manufacturing plants, and growing applications in nutraceutical diseases are major tailwinds pushing the growth of the global two-piece empty hard capsule market.

North America holds the largest share in the global two-piece empty hard capsule market, followed by Europe and the Asia Pacific, respectively.

Capsugel, ACG, Hunan ER-KANG Pharmaceutical Co., Ltd, CapsCanada, Shanxi Guangsheng Medicinal Capsule Co., Ltd, QUALICAPS (Mitsubishi Chemical Holdings), and Suheung Co., Ltd., are some of the top players operating in the global two-piece empty hard capsule market.

Global Two-piece Empty Hard Capsule Market – Summary


Advanced technologies and a demand for ever-improving lifestyle resulted in the burgeoning healthcare sector and the subsequent rise of two-piece empty hard capsule market. The capsule has become popular as it helps in measuring dosage as per the patient’s requirement. Seeing this as an opportunity, manufacturers have also started establishing more plants and supply them to the pharmaceuticals firms accordingly. This has given the two-piece empty hard capsule market to inflate with a significant CAGR during the forecast period (2018-2023).


With industrialization integrating at an express speed to move forward and urbanization taking a progressive leap across the world, pollution has also witnessed an almost unchecked surge. The adoption of a sedentary lifestyle has spurred diseases erstwhile unknown. But healthcare sector’s radical progress can be considered beneficiary in this context as it has, barring a few chronic diseases, solution for most of the ailments. This has given rise to the pharmaceutical industry, and as its sister sector, capsule manufacturing market has also received significant thrust. For instance, ACG Worldwide investing around USD 5.5 million in Rayong (Thailand) to build a capsule factory can be considered exemplary. With the similar objective in mind, CapsCanada invested around USD 28 million in expanding manufacturing capacity of K-CAPS, vegetarian branded HPMC capsules.


Demand for kosher and halal certified hard gelatin capsules are also gaining traction among the Muslim population in the Middle East and other countries. At the same time, vegetarian capsules are also becoming popular. Manufacturers have realized the market potential of these growing trends and have come up with such capsules. For instance, Capsugel (now a Lonza Company) manufactures Vcaps Plus Capsules, Vcaps Capsules, and Plantcaps Capsules which are approved by the Vegetarian Society, Vegan Action (US) and are kosher- and halal-certified.


However, the price of these vegetarian capsules can raise a few eyebrows as the manufacturing process is quite expensive. This eventually increases the cost of the end product that is the medicine which can impede the market growth.


Industry Trend:


This continually evolving market focuses mainly on satiating client needs and maintaining health standards. The industry is now trying to develop capsules that are free from transmissible spongiform encephalopathies (TSE), prion, and bovine spongiform encephalopathy (BSE). Vegetarian capsules, capsule dosing for dry powder inhalers, and development of enteric-coated capsules are some of the latest innovations that can impact the market considerably.


Segmentation:


The global two-piece empty hard capsule can be segmented by raw material and end-user.


Based on raw material, the market can be segmented into gelatin, hydroxypropyl methylcellulose (HPMC), and starch and pullulan. Gelatin, at present, holds 45.50% of the market share and is expected to dominate the market owing to its protein content and low cost. However, HPMC can register the fastest growth during the assessment period due to the presence of starch and pullulan in its composition and the factor that it is of vegetarian origin.


End-user wise segmentation of the market includes pharmaceuticals, health & nutrition and others. Pharmaceuticals is currently accounted for 48.90% of the market share and can lead the market during the forecast period, whereas nutraceutical capsules are expected to register the fastest CAGR by 2018.


Regional Analysis:


Region-wise the market covers the Americas, Asia, Europe, and Rest-of-the-World (RoW).


The Americas own the maximum share of the market which is almost 39.2% of the global market, where North America dominates owing to better healthcare facilities, technological advancement in the sector, rising number of geriatric population and a well-developed industry. Consumers are also increasingly getting aware of nutraceuticals which are spurring the market.


Europe is the second largest market due to the presence of a number of pharmaceuticals and nutraceutical companies. Increasing healthcare expenditure is also playing a crucial role in giving the market a favorable atmosphere.


Asia is expected to register the fastest CAGR due to the convenient government regulations and proliferation of several international brands. Demand for nutraceuticals and cosmeceuticals is also fueling the market growth. India, in this region, can play a crucial role due to a large population base.


Market Dashboard:


Capsugel, Qualicaps, and ACG contribute significantly to generating revenue for the market. Capsugel has its impact on over a quarter (25.3%) of the entire market. Whereas, others are not far behind. Qualicaps and ACG have 24.5% and 22.2% of the market share respectively. This type of fierce competition can prove beneficial for the market.


Crucial other market players are Shanxi Guangsheng Medicinal Capsule Co., Ltd, Hunan ER-KANG Pharmaceutical Co., Ltd, Suheung Co., Ltd, and others.  

1 Report Prologue

2 Executive Summary

3 Market Introduction

3.1 Definition 16

3.2 Scope of the Study 16

3.3 List of Assumptions 16

3.4 Market Structure 17

4 Research Methodolo

4.1 Research Process 19

4.2 Primary Research 20

4.3 Secondary Research 21

4.4 Market Size Estimation 22

4.5 Forecast Model 22

5 Market Dynamics

5.1 Introduction 24

5.2 Drivers 25

5.2.1 Increasing Investments by Major Market Players in Capsule Manufacturing Plants 25

5.2.2 Rising Demand for Kosher- and Halal-Certified Hard Gelatin Capsules 25

5.2.3 Rising Applications of Empty Hard Capsules in Nutraceutical Industries 25

5.3 Restraints 26

5.3.1 High Cost of Vegetarian Capsules 26

5.3.2 Fluctuating Prices of Raw Materials 26

5.4 Opportunities 26

5.4.1 Technological Advancements 26

6 Market Factor Analysis

6.1 Porter’s Five Forces Model 28

6.1.1 Bargaining Power of Suppliers 28

6.1.2 Bargaining Power of Buyers 29

6.1.3 Threat of New Entrants 29

6.1.4 Threat of Substitutes 29

6.1.5 Intensity of Rivalry 29

6.2 Value Chain Analysis 30

6.2.1 Research & Development 30

6.2.2 Manufacturing 30

6.2.3 Distribution 30

6.2.4 Marketing & Sales 31

6.2.5 Post-Sales Monitoring 31

7 Global TWO-PIECE Empty Hard Capsule Market, by Raw Material

7.1 Introduction 33

7.2 Gelatin 35

7.3 HPMC (Hydroxypropyl Methylcellulose) 35

7.4 Starch and Pullulan 36

8 Global TWO-PIECE Empty Hard Capsule Market, by End Use

8.1 Introduction 38

8.2 Pharmaceuticals 38

8.3 Health & Nutrition 38

8.4 Others 38

9 Global TWO-PIECE Empty Hard Capsule Market, by Region

9.1 Introduction 41

9.2 Americas 43

9.2.1 North America 45

9.2.1.1 US 47

9.2.1.2 Canada 48

9.2.2 Latin America 50

9.2.2.1 Brazil 52

9.2.2.2 Rest of Latin America 54

9.3 Europe 56

9.4 Asia-Pacific 58

9.4.1 Japan 60

9.4.2 China 62

9.4.3 India 63

9.4.4 South East Asia-Pacific 65

9.4.5 Rest of Asia-Pacific 66

9.5 Rest of World 68

10 Competitive Landscape

10.1 Introduction 71

10.2 Competitive Pricing Overview of the Global Two-Piece Empty Hard Capsule Market (ASP) 71

10.3 Company Share Analysis 71

11 Company Profiles

11.1 CapsCanada 73

11.1.1 Company Overview 73

11.1.2 Financial Overview 73

11.1.3 Products Offered 73

11.1.4 Key Developments 73

11.1.5 SWOT Analysis 74

11.1.6 Key Strategies 74

11.2 Capsugel 75

11.2.1 Company Overview 75

11.2.2 Financial Overview 75

11.2.3 Products Offered 76

11.2.4 Key Developments 76

11.2.5 SWOT Analysis 76

11.2.6 Key Strategies 76

11.3 Hunan ER-KANG Pharmaceutical Co., Ltd 77

11.3.1 Company Overview 77

11.3.2 Financial Overview 77

11.3.3 Products Offered 77

11.3.4 Key Developments 77

11.3.5 SWOT Analysis 77

11.3.6 Key Strategies 77

11.4 Shanxi Guangsheng Medicinal Capsule Co., Ltd. 78

11.4.1 Company Overview 78

11.4.2 Financial Overview 78

11.4.3 Products Offered 78

11.4.4 Key Developments 78

11.4.5 SWOT Analysis 78

11.4.6 Key Strategies 78

11.5 Suheung Co., Ltd. 79

11.5.1 Company Overview 79

11.5.2 Financial Overview 79

11.5.3 Products Offered 79

11.5.4 Key Developments 79

11.5.5 SWOT Analysis 80

11.5.6 Key Strategies 80

11.6 ACG 81

11.6.1 Company Overview 81

11.6.2 Financial Overview 81

11.6.3 Products Offered 81

11.6.4 Key Developments 81

11.6.5 SWOT Analysis 82

11.6.6 Key Strategies 82

11.7 QUALICAPS (Mitsubishi Chemical Holdings) 83

11.7.1 Company Overview 83

11.7.2 Financial Overview 83

11.7.3 Products Offered 84

11.7.4 Key Developments 84

11.7.5 SWOT Analysis 84

11.7.6 Key Strategies 84

12 Appendix

12.1 Discussion Blue Print 86

13 List of Tables

TABLE 1 MARKET SYNOPSIS 14

TABLE 2 LIST OF ASSUMPTIONS 16

TABLE 3 PRIMARY INTERVIEWS 19

TABLE 4 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 34

TABLE 5 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 34

TABLE 6 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 35

TABLE 7 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 35

TABLE 8 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 36

TABLE 9 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 39

TABLE 10 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 42

TABLE 11 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 43

TABLE 12 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 43

TABLE 13 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 44

TABLE 14 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 44

TABLE 15 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 44

TABLE 16 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 44

TABLE 17 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 45

TABLE 18 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 45

TABLE 19 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 45

TABLE 20 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 46

TABLE 21 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 46

TABLE 22 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 46

TABLE 23 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 46

TABLE 24 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 47

TABLE 25 US TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 47

TABLE 26 US TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 47

TABLE 27 US TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 47

TABLE 28 US TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 48

TABLE 29 US TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 48

TABLE 30 US TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 48

TABLE 31 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 48

TABLE 32 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 49

TABLE 33 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 49

TABLE 34 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 49

TABLE 35 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 49

TABLE 36 CANADA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 50

TABLE 37 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 50

TABLE 38 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 51

TABLE 39 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 51

TABLE 40 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 51

TABLE 41 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 51

TABLE 42 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 52

TABLE 43 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 52

TABLE 44 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 52

TABLE 45 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 52

TABLE 46 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 53

TABLE 47 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 53

TABLE 48 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 53

TABLE 49 BRAZIL TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 53

TABLE 50 REST OF LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 54

TABLE 51 REST OF LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 54

TABLE 52 REST OF LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 54

TABLE 53 REST OF LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 55

TABLE 54 REST OF LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 55

TABLE 55 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 56

TABLE 56 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 56

TABLE 57 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 56

TABLE 58 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 57

TABLE 59 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 57

TABLE 60 EUROPE TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 57

TABLE 61 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET, BY COUNTRY, 2020 TO 2027 (USD MILLION) 58

TABLE 62 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 59

TABLE 63 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 59

TABLE 64 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 59

TABLE 65 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 59

TABLE 66 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 60

TABLE 67 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 60

TABLE 68 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 60

TABLE 69 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 60

TABLE 70 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 61

TABLE 71 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 61

TABLE 72 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 61

TABLE 73 JAPAN TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 61

TABLE 74 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 62

TABLE 75 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (USD BILLION) 62

TABLE 76 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 62

TABLE 77 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 62

TABLE 78 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 63

TABLE 79 CHINA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 63

TABLE 80 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 63

TABLE 81 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 63

TABLE 82 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 64

TABLE 83 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 64

TABLE 84 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 64

TABLE 85 INDIA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 64

TABLE 86 SOUTHEAST ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 65

TABLE 87 SOUTHEAST ASIA TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 65

TABLE 88 SOUTHEAST ASIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 65

TABLE 89 SOUTHEAST ASIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 65

TABLE 90 SOUTHEAST ASIA TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 66

TABLE 91 SOUTHEAST ASIA TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 66

TABLE 92 REST OF ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 66

TABLE 93 REST OF ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 67

TABLE 94 REST OF ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 67

TABLE 95 REST OF ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 67

TABLE 96 REST OF ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 67

TABLE 97 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 68

TABLE 98 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET VOLUME BY RAW MATERIAL, 2020 TO 2027 (BILLION) 68

TABLE 99 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET FOR GELATIN CAPSULE BY END USE, 2020 TO 2027 (USD MILLION) 68

TABLE 100 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET FOR HPMC BY END USE, 2020 TO 2027 (USD MILLION) 69

TABLE 101 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET FOR STARCH AND PULLULAN BY END USE, 2020 TO 2027 (USD MILLION) 69

TABLE 102 REST OF WORLD TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 69

14 List of Figures

FIGURE 1 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET: MARKET STRUCTURE 17

FIGURE 2 RESEARCH PROCESS OF MRFR 19

FIGURE 3 TOP-DOWN AND BOTTOM-UP APPROACH 22

FIGURE 4 PORTER’S FIVE FORCES MODEL 28

FIGURE 5 SUPPLY CHAIN: TWO-PIECE EMPTY HARD CAPSULES MARKET 30

FIGURE 6 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE BY RAW MATERIAL, 2020 (%) 33

FIGURE 7 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY RAW MATERIAL, 2020 TO 2027 (USD MILLION) 33

FIGURE 8 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE BY END USE, 2020 (%) 38

FIGURE 9 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY END USE, 2020 TO 2027 (USD MILLION) 38

FIGURE 10 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE BY REGION, 2020 (%) 41

FIGURE 11 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET BY REGION, 2020 TO 2027 (USD MILLION) 41

FIGURE 12 AMERICAS TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE, BY REGION, 2020 (%) 43

FIGURE 13 NORTH AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE, BY COUNTRY, 2020 (%) 45

FIGURE 14 LATIN AMERICA TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE, BY REGION, 2020 (%) 50

FIGURE 15 ASIA-PACIFIC TWO-PIECE EMPTY HARD CAPSULE MARKET SHARE, BY COUNTRY, 2020 (%) 58

FIGURE 16 GLOBAL TWO-PIECE EMPTY HARD CAPSULE MARKET: COMPANY SHARE ANALYSIS, 2020 (%) 71

Global Two-Piece Empty Hard Capsule Market: Competitive Landscape


The global two-piece empty hard capsule market is a huge market with a number of big market players operating in various regions across the world. As there are plenty of large and small market players available, it is very tricky to analyze their market shares in the global market, but through this market study, some major players operating in this market are Capsugel, Qualicaps, ACG, CapsCanada, Suheung Co., Ltd, and others. Apart from these, there are many manufacturers and suppliers involved The global two-piece empty hard capsule market is currently dominated by Capsugel with 25.3% of the total market share. Capsugel has generated exceptional revenue figures and is one of the largest manufacturers of hard capsules worldwide. Moreover, Capsugel the company has 13 manufacturing sites and three research and development centers in nine countries across three continents.


Qualicaps has the second largest market share in the global two-piece empty hard capsules market. Qualicaps hold 24.5% of the total market. Qualicaps has generated massive revenues from the sales of two-piece empty hard capsules. Besides these two, ACG, CapsCanada, Suheung Co., Ltd, have secured third, fourth, and fifth positions with 22.2%, 11.0%, and 8.2% of market share respectively. However, Qualicaps is a leader in innovation in both Quali-G (Gelatin) and Quali-V (Hypromellose) capsules, with more than 100 years of experience, and offers a proprietary product line of pharmaceutical equipment, including capsule filling, band-sealing, and inspection machinery. Qualicaps is focussing on expanding products business and solutions business, focusing on accelerating the global development, and strengthening innovation by incorporation of three chemical operating companies.


Currently, major companies are dropping down the cost of their empty hard capsules across the globe, especially, developing region like Asia, where individuals cannot afford the high cost of the products. On the other hand, the small and medium-size companies are focusing to grab local market with its low cost, which forces the major companies to reduce the price of their products. However, the rising prices of the raw materials and the cultural and religious issues concerned with the consumption of hard capsules containing animal-derived inactive ingredients which may affect the pricing overview for the global market. However, due to increasing prevalence of chronic diseases, governments in developing countries are supporting the empty hard capsules manufacturer for the development of the new and advanced drugs.