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 | 87 Pages | Author: Rahul Gotadki | August 2019
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OverviewThe 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 (%) 
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 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 (%) 
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
- North 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 2254.24 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 |
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.
Key Questions Answered
- ✅Global Market Outlook
- ✅In-depth analysis of global and regional trends
- ✅Analyze and identify the major players in the market, their market share, key developments, etc.
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- ✅Identify disrupting products, companies, and trends.
- ✅To identify opportunities in the market.
- ✅Analyze the key challenges in the market.
- ✅Analyze the regional penetration of players, products, and services in the market.
- ✅Comparison of major players’ financial performance.
- ✅Evaluate strategies adopted by major players.
- ✅Recommendations
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