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North America and Europe Lead the Charge in Global Liquid Capsule Filling Machines Market: US and Key European Players Spearhead Industry Growth

08-23-2023 04:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Liquid Capsule Filling Machines Market,Liquid Capsule Filling Machines

Liquid Capsule Filling Machines Market,Liquid Capsule Filling Machines

The global liquid capsule filling machines market is poised for remarkable growth from 2023 to 2033, with projections published by Future Market Insights indicating its valuation surpassing a staggering US$ 174.1 million in 2023 and further surging to an anticipated US$ 231.7 million by 2033. This trajectory is characterized by a moderate Compound Annual Growth Rate (CAGR) of 2.9% over the same period.

The growing emphasis among consumers on health and wellness, coupled with increased awareness of healthy lifestyles and the efficacy of dietary supplements, has fueled the demand for health-focused products. Liquid capsule formulations have garnered prominence due to their ease of ingestion and rapid absorption compared to traditional tablets, making them a sought-after option within the nutraceutical industry.

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The substantial consumption of capsules has translated into a sustained requirement for effective capsule filling solutions, thus driving the global demand for liquid capsule filling machines. This trend is projected to propel the global liquid capsule filling machines market towards a valuation of US$ 231.7 million by 2033.

Examining regional trends, North America leads the way in 2022, commanding a significant 35.0% share of the global market, with the United States contributing 31.7% to this share. The well-established healthcare infrastructure and the dynamic pharmaceutical industry in North America contribute to its dominance in the market. Similarly, in Europe, Belgium, Germany, and Denmark are frontrunners due to their substantial healthcare investments, with the United Kingdom also making notable contributions.

Research highlights the convenience of liquid capsules for drug administration and patient monitoring. This factor, coupled with the popularity of liquid-filled capsules, drives demand for liquid capsule filling machines. As the trend toward health-consciousness continues, the market's growth trajectory remains robust, supported by both consumer preferences and the evolving pharmaceutical landscape.

The liquid capsule filling machine market is also segmented by application, including pharmaceuticals and nutraceuticals. The pharmaceutical segment is expected to dominate the market due to the increasing demand for liquid capsules in the pharmaceutical industry.

The liquid capsule filling machine market is also segmented by region, including North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate the market due to the presence of major pharmaceutical and nutraceutical companies in the region. Europe is also expected to experience significant growth due to the increasing demand for liquid capsules in the region.

In conclusion, the global market for liquid capsule filling machines is experiencing significant growth, driven by the increasing demand for these machines in the pharmaceutical and nutraceutical industries. The market is expected to continue to grow in the coming years as more people become aware of the benefits of liquid capsules and as healthcare costs continue to rise. With the growing popularity of liquid capsules, the market for liquid capsule filling machines is expected to witness a significant growth in the upcoming years.

Increasing consumer focus on health and wellness, coupled with awareness about healthier lifestyles and the effectiveness of dietary supplements among populations has propelled the demand for health supplements. Liquid capsule formulations are easy to ingest and get absorbed by the body faster than tablets. This has resulted in the popularity of liquid-filled capsules as health supplements in the nutraceutical industry.

High consumption of capsules has created steady demand for effective capsule filling solutions, which is fuelling the demand for liquid capsule filling machines, globally. As such, the global liquid capsule filling machines market is forecasted to reach a valuation of nearly US$ 210 Mn by the end of the decade.

"Key manufacturers of liquid capsule filling machines are focusing on technological development to offer automated large-scale capsule manufacturing capabilities to meet the increasing demand for capsules in the market. Companies are coming up with technologies that offer the integration of various processes into one automatic capsule filling equipment. In, key players are acquiring or collaborating with mid-sized firms to penetrate better into the market and gain significant market share."

Liquid Capsule Filling Machines Market Landscape

Syntegon Technology GmbH, Capsugel Inc. (Lonza Group), and Suheung Co., Ltd have been identified as the top three players in the global liquid capsule filling machines market; these account for more than 40% of the global market. Several organized tier-II players operate at regional levels, and also provide contract manufacturing services, along with selling new and refurbished liquid capsule filling machines.  In conclusion, the number of small-scale unorganized players is fairly low, and might not affect the global market dynamics much, as the global liquid capsule filling machines market is distinguished by the top players and their pricing strategies.

Key Takeaways of Liquid Capsule Filling Machines Market Study

-Drug manufacturers are the key end users of liquid capsule filling machines, and account for a lion's share in the global market. Most of the leading pharma manufacturers have in-house filling stations, while mid-sized pharma manufacturers tend to outsource their filling needs to contract manufacturers.
        
-Automatic liquid capsule filling machines are preferred over semi-automatic ones. End users that require continuous output opt for fully-automatic machines, while R&D labs and small-scale pharma manufacturers opt for semi-automatic liquid capsule filling machines.
        
-Hardgel capsules account for a major share in the liquid capsule filling machines market, as they are easier and economical to manufacture.
       
-Liquid capsule filling machines with the output capacity of 12,000-25,000 C/hr are mostly preferred for high speed with precision in commercial applications. Thus, the segment is estimated to generate an incremental opportunity of around US$ 19 Mn by the end of the decade.
        
-North America is estimated to be the largest market for liquid capsule filling machines, accounting for over 35% of the global market. This can be primarily attributed to the fact that North America houses leading pharmaceutical manufacturers and advanced R&D labs.

Key Segments Covered in Liquid Capsule Filling Machines Industry Research

Liquid Capsule Filling Machines Market by Machine Type

         Semi-automatic
         Automatic

Liquid Capsule Filling Machines Market by Output Capacity

         Up to 6,000 C/hr
         6,001 - 12,000 C/hr
         12,001-25,000 C/hr
         25,001-70,000 C/hr
         70,001-90,000 C/hr

Liquid Capsule Filling Machines Market by Capsule Type

         Hardgel
         Softgel

Liquid Capsule Filling Machines Market by End-user

         R&D Labs
         Drug Manufacturing

Liquid Capsule Filling Machines Market by Region

-North America Liquid Capsule Filling Machines Market
-Latin America Liquid Capsule Filling Machines Market
-Europe Liquid Capsule Filling Machines Market
East Asia Liquid Capsule Filling Machines Market
-South Asia Liquid Capsule Filling Machines Market
Oceania Liquid Capsule Filling Machines Market
-Middle East & Africa (MEA) Liquid Capsule Filling Machines Market

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA

About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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