The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s empty capsules market report forecasts the empty capsules market size to grow to $4.15 Billion by 2027, with a CAGR (compound annual growth rate) of almost 9%.

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Empty Capsules Market Size Forecast
The global empty capsules market is expected to grow from $2.71 billion in 2022 to $2.96 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The empty capsules market is expected to grow to $4.15 billion in 2027 at a CAGR of 8.9%.

North America held the largest empty capsules market share.

Key Empty Capsules Market Driver ­– Increase In The Prevalence Of Chronic Diseases
For instance, in September 2020, according to a study report issued by the American Action Forum, chronic illness frequency and expenses are increasing in the United States. Chronic illness is anticipated to continue increasing as the incidence of illness among children and young people increases. Chronic illness is a significant healthcare issue since it costs the US $3.7 trillion annually, or about 19.6% of the GDP, and is rising. Therefore, an increase in the prevalence of chronic diseases is driving the growth of the empty capsules market.

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Key Empty Capsules Market Trend – Product Innovations
Major companies operating in empty capsules are developing new products to strengthen their position in the market. For example, in October 2021, CapsCanada, a Canada-based pharmaceutical company that develops empty capsules launched a new liquid-filled hard capsule manufacturing service. This aims for the development of full-scale production, which is less complex and capital-intensive than manufacturing soft gels, with filling equipment available at all scales, from benchtop to production.

Empty Capsules Market Segment
1) By Type: Gelatin Capsules, Non-Gelatin Capsules
2) By Functionality: Immediate-release Capsules, Sustained-release Capsules, Delayed-release Capsules
3) By Application: Antibiotic and Antibacterial Drugs, Dietary Supplements, Antacid and Antiflatulent Preparations, Antianemic Preparations, Anti-inflammatory Drugs, Cardiovascular Therapy Drugs, Cough and Cold Drug Preparations, Other Therapeutic Applications
4) By End-User: Pharmaceutical Industry, Nutraceutical Industry, Cosmetic Industry, Research Laboratories

Empty Capsules Market Major Players and Strategies
Major players in the empty capsules market are ACG Group, CapsCanada Corporation, HealthCaps India Limited, Natural Capsules Ltd., Bright Pharma Caps Inc., Suheung Co., Ltd., Roxlor L.C., Lonza Group AG, Capsugel, Goerlich Pharma GmbH, Qualicaps Inc., Comed Chemicals Limited, Wuhan Carma Technology Co., Ltd., Nectar Lifesciences Ltd., and Erawat Pharma Limited.

In August 2022, Catalent, a US-based pharma company, acquired Metrics Contract Services for $475 million. Through this acquisition, Catalent wants to expand its high-potency capabilities, oral product development, and manufacturing capacity. Metrics Contract Services is a North Carolina-based pharma development company operating in empty hard gelatin capsules.

The Empty Capsules Global Market Report 2023 covers regional data on empty capsules market size, empty capsules market trends and drivers, opportunities, strategies, and empty capsules market competitor analysis. The countries covered in the empty capsules market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Empty capsules are a stable shell that encapsulates pharmaceuticals or medication combinations in an enclosed container. The empty capsules can be used to store herbs, powders, and medications.

View More Reports Related To The Empty Capsules Market –
Multivitamin Capsules And Tablets Global Market Report 2023
Oral Contraceptive Pills Global Market Report 2023
Injectable Drug Delivery Devices Global Market Report 2023

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