Empty Capsules Market Global Leading Players, Industry Updates, Future Growth, Business Prospects, Forthcoming Developments And Future Investments By Forecast To 2030

The Empty Capsules Market is anticipated to grow from US$ 6.75 billion in 2022 to US$ 12.52 billion by 2030; it is estimated to register a CAGR of 8.0% during 2022-2030.

Market growth is attributed to the flourishing nutraceutical and the continuously growing pharmaceuticals industry. Surge in demand for hard gelatin capsules are likely to provide growth opportunities for the empty capsules market. However, manufacturing complexities associated with empty capsules hinder the growth of the empty capsules market.

Empty capsules are made of gelatin, hydroxypropyl methylcellulose (HPMC), pullulan, and starch. These capsules can also be used to fill formulations that are used to treat acute and chronic diseases, cancer, and common diseases such as cold and cough. They are also used to package nutritional supplement formulations, antacid and anti-flatulence medications, and personalized medicines.

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Analysis of the Top Market Players:

1. Erawat Pharma Limited
2. Sunil Healthcare
3. ACG Worldwide
4. Medi-Caps Ltd
5. LonzaGroup (Capsugel)
6. Capscanada Corporation
7. Bright Pharma Caps Inc
8. Farmacapsulas
9. Mitsubishi Chemical Holdings Corporation (Qualicaps, Inc.)
10. Roxlor LLC

In this report, the market has been segmented on the basis of:

Product
• Gelatin Capsules
• Non-Gelatin Capsules

Functionality
• Immediate-Release Capsules
• Delayed-Release Capsules
• Sustained-Release Capsules

Application
• Antibiotic And Antibacterial Drugs
• Vitamins
• Antacids And Antiflatulent Preparations

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North America accounted for the second largest market share of the global empty capsules market in 2022. The North America empty capsules market is segmented into the US, Canada, and Mexico. The growth of the empty capsules market in the region is due to the increasing preference for capsule-based nutraceuticals, as these products have been studied to be effective in preventing serious health problems such as cancer, obesity, and arthritis. The rising cases of chronic diseases and diseases that are common in the geriatric population, especially in the US, can also be associated with the market growth in North America.

As per the Population Reference Bureau's Population Bulletin: Aging in the US, the number of Americans aged 65 and above is anticipated to nearly double from 52 million in 2018 to 95 million in 2060. The US and Canada have well-developed, structured healthcare systems that encourage global market companies to enter these countries. As a result, these countries have the presence of numerous global market participants. The high demand for empty capsules is met by the global players present in the region.

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