Empty Capsules Market

Capsugel (US) and ACG Worldwide (India) Are the Leading Players in the Empty Capsules Market

The global empty capsules market is projected to reach USD 2.79 billion by 2023 from USD 1.95 billion in 2018, at a CAGR of 7.4%. Factors such as the growing adoption of capsule formulations among the growing geriatric population, growth of the pharmaceuticals market along with the increasing R&D activities & clinical trials, and advancements in capsule delivery technologies are driving the market for empty capsules. Emerging markets (due to their low manufacturing costs), the development of halal gelatin capsules, and the rising focus on sports nutrition present significant opportunities for manufacturers of empty capsules. However, cultural practices and dietary restrictions are expected to negatively impact the growth of the empty capsules market. Moreover, price fluctuations and rising demand for raw materials by other end-use industries are expected to challenge market growth to a certain extent during the forecast period.

Players in the empty capsules market, such as Capsugel (US), ACG Worldwide (India), Qualicaps (Japan), Suheung Co. Ltd. (South Korea), CapsCanada Corporation (Canada), Qingdao Yiqing Medicinal Capsules Co., Ltd. (China), Shanxi Guangsheng Medicinal Capsule Co., Ltd (China), Healthcaps India Ltd. (India), Snail Pharma Industry Co. Ltd. (China), Roxlor (US), Sunil Healthcare Ltd. (India), Medi-Caps Ltd. (India), Nectar Lifesciences Ltd. (India), Natural Capsules Ltd. (India), and Bright Pharma Caps Inc. (US) are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies, such as expansions, acquisitions, collaborations, and product launches.

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Capsugel is the leading player in the empty capsules market and accounted for the largest market share in 2017. The company is known for its diversified product offerings for the pharmaceutical and nutraceutical industries. Capsugel offers a comprehensive portfolio of empty capsules, including gelatin, vegetarian, filled hard, functional, inhalation, HPMC, alternate polymer, specialized clinical, and enteric capsules. The company’s services include dosage form development, abuse deterrent dosage form development, colonic dosage form development support, pre-clinical & clinical support, and regulatory assistance. Capsugel position as the leading manufacturer of empty capsules is attributed to its strong global footprint. Serving over 4,000 customers across 100 countries, the company has 13 manufacturing sites and three R&D centers. The company is highly focused on introducing new products for different applications and expanding its functional units. The company intends to strengthen its presence in the market by delivering superior products to customers.

ACG accounted for the second-largest share of the empty capsules market in 2017. This is mainly attributed to its exhaustive portfolio of gelatin and HPMC capsules. ACG ACPL majorly serves the global dietary supplements and pharmaceutical industry, commanding more than 80% of Asias pharmaceutical prescription market. The company annually produces over 83 billion capsules, serving consumers in more than 100 countries. The company has its presence in the US, the UK, China, and Brazil and is engaged in serving multiple pharmaceutical needs through its branches and subsidiaries. ACG ACPL is growing at a steady pace in this market by adopting various organic and inorganic growth strategies. In line with this, in February 2018, ACG collaborated with Applied DNA Sciences, under which ACG will utilize Applied DNA’s proven SigNature molecular tagging and authentication technologies to develop molecularly tagged empty hard-shell capsules. This will enable ACG’s customers to enhance product traceability and authentication. The company further aims to strengthen its position through extensive R&D investments and strategic alliances.

Related Reports:

Empty Capsules Market by Type ((Gelatin - Porcine, Bovine, Bone Meal), (HPMC, Pullulan)), Functionality (Sustained-release, Delayed-release), Application (Antibiotics, Vitamins, Antacids), End User (Pharma, Nutraceuticals, Cosmetics) - Forecast to 2023

Mr. Shelly Singh
MarketsandMarkets™ INC.
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USA : 1-888-600-6441

Report Code
PH 2935
Published ON
Oct, 2018
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