Dublin, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The "Global Empty Capsules Market by Type (Gelatin (Porcine, Bovine, Bonemeal), Non-Gelatin (HPMC, Starch)), Functionality (Immediate-Release, Sustained-Release, Delayed-Release),Therapeutic Application (Antibiotic, Dietary, Antacid, CVD) - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The latest market analysis forecasts significant growth in the global empty capsules market, with projections indicating a climb from an estimated USD 3.1 billion in 2024 to USD 4.2 billion by 2029. This reflects a compound annual growth rate of 6.3% during the aforementioned forecast period.
The empty capsules market is clearly on a trajectory of substantial growth, driven by the diverse application of these products in the pharmaceutical and nutraceutical sectors, and bolstered by technological advancements and market expansion in emerging economies. The report reaffirms the importance of empty capsules as essential components in the burgeoning pharmaceutical industry and their rising significance across a spectrum of therapeutic applications.
The market's robust growth can be attributed to numerous contributing factors. These include the expansion of the pharmaceutical industry and the growing prevalence of over-the-counter medications. Additionally, an upsurge in clinical trials and research and development activities across the medical realm are providing substantial impetus to market growth.
Gelatin Capsules Dominate Market Share
In 2023, the market saw gelatin capsules accounting for the predominant segment by type. These capsules' versatility is showcased in their wide array of colors, sizes, and printing options, allowing pharmaceutical companies to customize offerings and enhance branding efforts. The consumer appeal bolstered by these customization options is a key driver of the segment's supremacy in the mark
Asia Pacific Region Exhibits Strongest Growth
The Asia Pacific region is emerging as the fastest-growing market in the empty capsules sector throughout the forecast period. Factors such as the rising healthcare expenditure, escalating prevalence of chronic and infectious diseases, and the surging awareness of preventive healthcare are propelling the demand for empty capsules. Moreover, the region's cost-effective production techniques and encouraging government initiatives in healthcare are positively influencing the market trajectory.
Comprehensive Market Insights
The research report offers an exhaustive assessment of pivotal market elements including transformative trends, driving factors, and the competitive landscape. The report sheds light on how these dynamics shape the market, encompassing both opportunities for expansion and potential challenges that market participants may encounter.
Strategic Positioning for Market Participants
For stakeholders, the report serves as a critical tool to understand the competitive dynamics and market positioning. The analysis provides a detailed perspective on strategic activities such as collaborations, partnerships, and mergers among industry leaders. Developments in product launches and the adoption of new strategies by these players are important markers for stakeholders to consider for informed decision-making and crafting effective market strategies.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 320 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $3.1 Billion |
| Forecasted Market Value (USD) by 2029 | $4.2 Billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
Companies Featured
- Capsugel (Lonza)
- Acg
- Qualicaps (Roquette Frères)
- Suheung
- Shanxi Guangsheng Capsule Limited
- Capscanada (Lyfe Group)
- Healthcaps India
- Nectar Lifesciences Ltd.
- Sunil Healthcare Limited
- Farmacapsulas
- Natural Capsules Limited
- Erawat Pharma Limited
- Qingdao Yiqing Biotechnology Co. Ltd. (Baotou Dongbao Bio-Tech Co. Ltd.)
- Fortcaps (Kumar Organic Products Limited)
- Comed Chemicals Limited
- Saviourcaps
- Shanxi Jc Biological Technology Co.
- Roxlor
- Medisca Inc.
- Zhejiang Yuexi Capsule Co. Ltd.
- Shaoxing Kangke Capsule Co. Ltd.
- Zhejiang Huili Capsules Co. Ltd.
- Shaoxing Zhongya Capsule Co. Ltd.
- Shing Lih Fang Enterprise Co. Ltd.
- Lefancaps
- Chemcaps Limited
- Bio-Caps India Ltd.
- Biocaps Enterprise
- Snail Pharma Industry
- Bright Pharma Caps
- Shree Pharma Caps
For more information about this report visit https://www.researchandmarkets.com/r/s6t1cj
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