Two-Piece Empty Hard Capsule Market Research Report - Global Forecast till 2030

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 2030

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

Two-piece Empty Hard Capsule Market Speak to Analyst Request a Free Sample

Overview


The Global Two-Piece Empty Hard Capsule Market is projected to reach USD 2254.24 Million by 2030 at 7.10% CAGR during the forecast period 2022-2030. 

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




Report Scope:

Report Attribute/Metric Details
  Market Size   USD 2,585.7 million
  CAGR   7.10%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Raw Material, End Use and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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).
  Key Market Opportunities   Technological Advancements
  Key Market Drivers

  • Increasing Investments By Major Market Players In Capsule Manufacturing Plants
  • Rising Demand For Kosher- And Halal-Certified Hard Gelatin Capsules
  • Rising Applications Of Empty Hard Capsules In Nutraceutical Industries


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    two-piece empty hard capsule market projected to grow at approximately 7.10% CAGR during the assessment period (2022-2030).

    The valuation of the global two-piece empty hard capsule market is estimated to increase to USD 2254.24 Million by the end of 2030.

    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: 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.