In this report, the empty capsules market is segmented on the basis of products, therapeutic applications, end users, and regions. Based on products, the market is subsegmented into gelatin and non-gelatin capsules.
The global empty capsules market is estimated to grow at a CAGR of 7.2% during the forecast period, to reach USD 2.13 Billion by 2021. The rapidly increasing aging population, growing applications in the pharmaceutical and nutraceutical industries, and growing consumer preference towards capsule-based formulations are the major factors driving the growth of the market.
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The global empty capsules market is estimated to reach USD 2.13 billion by 2021, growing at a CAGR of 7.2% during the forecast period (2016–2021). The factors driving this market are rapidly increasing aging population, growing consumer preference towards capsule-based formulations, and rising applications in the pharmaceutical and nutraceutical industries.On the other hand, factors such as rising raw material prices of empty capsules, stringent regulatory frameworks, and religious as well as cultural practices are hindering the growth of this market to a certain extent. However, the growing demand for non-gelatin-based capsules and the rapidly expanding pharmaceutical industry in emerging countries such as India and China offer significant growth opportunities for players in this market.
This report segments the empty capsules market on the basis of products, therapeutic applications, end users, and regions.
The product segment of the empty capsules market is further divided into gelatin and non-gelatin capsules. Gelatin capsules held the largest share of the global empty capsules market in 2015.
The large share of this segment can primarily be attributed to the extensive usage of hard gelatin capsules as a simple form for oral drug delivery as well as for it targeted drug-release properties. The non-gelatin capsules segment is estimated to grow at the highest CAGR during the forecast period.
Strict government regulations, dietary sensitivity of patients, and drug incompatibilities with gelatin capsules are the major factors driving the growth of the non-gelatin capsules segment.
Report on Empty Capsules Market 2017-2021 spreads across 179 pages profiling 10 companies and supported with 140 tables and 34 figures available at www.rnrmarketresearch.com/contacts…ount?rname=245331
The key players in this market are ACG Worldwide (India), Capsugel (U.S.), CapsCanada Corporation (Canada), Qualicaps, Inc. (U.S.), Suheung Co., Ltd. (Korea), Medi-Caps Ltd.
(India), Roxlor LLC (U.S.), Bright Pharma Caps (U.S.), Snail Pharma Industry Co., Ltd. (China), and Sunil Healthcare Ltd.(India).
- Empty capsule distributors
- Research laboratories
- Hard gelatin and non-gelatin-based empty capsule manufacturers
- Empty vegetarian capsule contract manufacturers
- Associations of capsule manufacturers
- Pharmaceutical and nutraceutical R&D laboratories
- Pharmaceutical, nutraceutical, and OTC/cosmetic product manufacturers
- Market research and consulting firms
Key point from table of content
7 Global Empty Capsules Market, By Product
7.2 Gelatin Capsules
7.2.1 Pig Meat Gelatin
8 Global Empty Capsules Market, By Therapeutic Application
8.2 Antibiotic and Antibacterial Drugs
8.3 Vitamins and Dietary Supplements
9 Global Empty Capsules Market, By End User
9.2 Pharmaceutical Industry
9.3 Nutraceutical Industry
10 Global Empty Capsules Market, By Geography
10.2 North America
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