Press release
Tablet & Pellet Coating Systems Market Set to Grow Exponentially During the Forecast 2017-2025
The major factors boosting the growth of tablet & pellet coating systems market are pharmaceutical industry growth, advancement in tablet coating market, increasing health awareness among consumers, and urbanization. Moreover, tablet & pellet coating comprise of high end benefits such as it covers the unpleasant taste, color and odor, offers chemical and physical protection for the medicine (light, moisture and air), improves the appearance of tablets, makes it easier to swallow the tablets, controls the release of a drug (enteric coating), facilitates the identification of a particular drug. Thus, these beneficial factors drives the demand of overall tablet & pellet coating market in forecast period.
Nowadays, organic tablet coating is booming due to consumer awareness of food ingredient labeling has increased, manufacturers of tablet and pellets coating systems has increasingly focus of organic coating systems. In addition, upsurge in the occurrence of diseases, which has increased the demand for drugs, inventions of new excipients in the pharmaceutical industry, advancements in the techniques and equipment for manufacturing excipients. On the other side, government regulations and FDI authentication and health awareness among consumers about tablets and drugs are restraining the growth of overall tablet & pellet coating systems market.
Tablet & Pellet Coating Systems Market: Regional Outlook
Regarding geography, tablet & pellet coating systems market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Tablet & pellet coating systems market is expected to register healthy CAGR during the forecast period due to high demand of organic coating across the globe and due to reason that organic tablet coating meets demands for natural-ingredient dietary supplements.
In terms of developing region of Asia-Pacific, the growth of tablet & pellet coating systems is significantly high and with comparatively high CAGR in forecast period owed to factors such as such as rapid economic development, globalization and increasing demand of tablet & pellet coating systems in pharmaceutical sector, various types of coating demand such as organic coating, inorganic coating, and many others, these different types of coating demand for different coating processer systems. Moreover, tablet and pellet manufacturers in North America are increasingly using organic tablet and pellets coating systems as the demand for this type is increasing day by day from consumer as well as business side.
North America, especially U.S. is the large pharmaceutical market in the world accounting for about 53% of the world wide consumption, and thus demand for tablet and pellets coating systems is high as compared to other region. Moreover, the region increasing adoption of organic coating and technological advancement in tablet and pellets coating systems will boost the adoption of tablet & pellet coating systems in North America.
The tablet & pellet coating systems market is projected to register healthy growth due to new and advanced technologies are driving the tablet & pellet coating systems and manufacturers growing focus on the utilization of functionality excipients to create controlled dosage forms of existing drugs and facilitates the identification of a particular drug. Tablet & pellet coating systems market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to the trend in the most of the companies in the region are boosting organic tablet coatings and growing Asian scientific base and capabilities, and large patient pool., especially in China and India.
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Tablet & Pellet Coating Systems Market: Key Players
Few players identified in tablet & pellet coating systems market are: ACG Pharma Technologies Pvt. Ltd, Ashland, Inc., BASF SE, The Dow Chemical Company, Roquette (France), Evonik Industries AG, Associated British Foods Plc. (U.K.), Archer Daniels Midland Company (U.S.), Lubrizol Corporation, Croda International Plc. (U.K.), Others.
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