Empty Capsules Market Size, Share and Forecast (2019-2026)

SKU: DPH103 | Last Updated On: 2019-08-27 | No. of Pages: 221 | Available Formats

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In March 2019, ACG Group has launched a new capsules manufacturing plant in Brazil with an investment of approx. 350 million Brazilian Reals (US$ 84.95 million).

Market Overview

A capsule is the encapsulation of dosage forms, in a relatively stable shell, allowing them to be taken orally or be used as suppositories. Empty capsules are the most common option to store herbs, powders and medicines. Mainly there are two types of capsules - Hard-shelled capsules, containing dry, powdered ingredients and miniature pellets which are made through extrusion or spheronization. The global empty capsules market size was worth $ XX billion in 2018 and is forecasted to reach $ XX billion by 2026, at a CAGR of XX% during the forecast period (2019-2026).

Market Dynamics

The global empty capsules market is growing due to several factors such as, growing geriatric population, increasing incidence of chronic diseases, and advancement in product by manufacturers.

The increased prevalence of geriatric population associated with chronic conditions imposes a high demand to produce medicines to treat chronic health conditions. The geriatric population mostly prefers capsules in the solid dosage forms as they are easy to swallow, they have faster dissolution times, and the decreased gastrointestinal irritation caused by capsules. In 2017, the number of Americans ages 65 and older was around 46 million, and it is expected to be 98 million by 2060. The 65-and-older age group’s share of the total population is expected to rise by 24% in 2060 from 15% in 2017. The aging population is projected to grow at a faster pace in Central America with an increase of over 50% in the population aged 60 years or above. The aging population in other regions will grow over the upcoming years at a rate of 56% in Asia, 52% in Africa, 35% in Oceania, 29% in North America, and 14% in Europe. By 2020, older persons are anticipated to account for more than 20% of the populations in Europe and in North America, 15% in Oceania, 12% in Asia and Central America, and 4% in Africa. Hence, growing geriatric population is one of the major factors driving the growth of the empty capsules market globally.

However, rising prices of gelatin and stringent regulations in pharmaceutical industry are hampering the growth of the empty capsules market. Increasing demand for leather and the shortage of animal bone and pigskin have led to the closure of some factories that were unable to obtain enough raw material, hence leads to slow in the rate of supply. As gelatin is produced mostly as the by-product from the leather and meat industries, and is derived from collagen, a protein manufactured from bones and pig skins. The prices have increased recently, as there is concern that the higher feed prices seen due to the recent drought in the US and Russia may be leading to a fall in the number of the animals, from which gelatin is produced.

Market Segmentation

By product type, the global empty capsules market is segmented into gelatin capsules, and non-gelatin capsules. Among these, gelatin capsules accounted for the largest market share in 2018. Gelatin is widely used in the empty capsules market due to its softness, lack of a notable odor or taste, and stability across a wide temperature range. However, growing opposition to animal-derived gelatin in economically crucial markets such as India, where vegetarianism is the norm, is likely to lead to significant product development in the global empty capsules market in the coming years. The high volume of unmet demand in India, where most of the population lacks access to the latest healthcare solutions, thus carries great significance for the global empty capsules market. In addition, the increasing launch of new products and strategic alliance between companies to develop gelatin capsules, are also driving the growth of the gelatin capsules market. For instance, in July 2017, Glenmark have partnered with Spanish firm Cyndea Pharma to develop complex drugs for US and Canada markets. Due to the partnership Glenmark will develop soft-gelatin capsule products under the technology license from the Spanish drug maker.

In November 2016, Allergan have introduced Taytulla, an estrogen/progestin combination oral contraceptive, in a 1-mg/20-mg capsule form. It is the first and only oral contraceptive on the market that comes in a soft gel capsule form.

On the other hand, the non-gelatin capsules segment is estimated to grow at the highest CAGR during the forecast period (2019-2026), due to growing demand for non-animal-based products and the benefits offered by these capsules over gelatin-based ones, such as physical stability, low hygroscopicity, stability in different ranges of temperature & humidity, and low moisture content.

Based on applications, the empty capsules market is segmented into anti-inflammatory drugs, antibiotic & antibacterial drugs, antacid & antiflatulent preparations, vitamins & dietary supplements, antianemic preparations (hematinic), cardiovascular therapy drugs, and others. Among these, the vitamins & dietary supplements segment is expected to grow at the highest CAGR during the forecast period 2019-2026, owing to rising health awareness and increasing affordability in emerging countries (such as China, India, and Brazil), growing prevalence of chronic diseases, and increasing use of vitamin capsules due to their availability as over-the-counter (OTC) drugs.

Market Geographical Analysis

North America holds the dominant market share for empty capsules in 2018, and it is expected to maintain the growth over the forecast period, due to the factors, such as the increasing number of ongoing research activities, the growing preference for capsule-based nutraceutical formulations, and increasing approvals to sell the product in this region. The demand for empty capsules is increasing in nutraceutical industry due to rising major health problems, such as obesity, cancer, and arthritis in this region.

For instance, in December 2018, Aurora Cannabis Inc. received a sales license from Health Canada permitting the sale of cannabis softgel capsules, the Company has commenced shipments for both the Canadian medical and adult-use markets. Aurora is planning to commence exports to international markets in early 2019.

In February 2018, CapsCanada, a leading provider of capsules for pharmaceutical drugs and dietary supplements, have introduced a new, state-of-the-art, dedicated hydroxypropyl methylcellulose (HPMC) capsule manufacturing facility. With this investment, CapsCanada has now increased capsule output by 50%.

Competitive Landscape

The Empty Capsules market is highly competitive with presence of large number of players. Some of the major players in the global Empty Capsules market are: Capscanada Corporation, ACG Group, Snail Pharma Industry Co. Ltd, Bright Pharmacaps Inc., Capsugel, Medi-Caps Ltd, Qualicaps, Roxlor LLC, Suheung Co. Ltd, and Sunil Healthcare Limited, among others.

The key players are adopting various growth strategies such as product launches, mergers & acquisitions, partnerships, and collaborations which are contributing to the growth of the Empty Capsules market globally. For instance,

In May 2019, Lonza launched Capsugel® Zephyr™, its new dry-powder inhalation (DPI) capsule portfolio, the most complete portfolio of DPI capsules to meet the growing need for customized solutions for optimal pulmonary drug delivery.

In June 2018, Lonza's Capsule Delivery Solutions, have introduced Capsugel Vcaps Gen C, a high-quality capsule based on a carrageenan gelling-agent formulation. This new entry expands the Lonza Capsugel Hydroxypropyl Methyl Cellulose (HPMC) portfolio.

In May 2018, ACG showcased a wide range of capsules, engineering, and films and foils solutions at the FCE Pharma. ACG’s Capsules business includes a wide range of Empty Hard Capsules made with Gelatin and HPMC (cellulose), developed to meet the requirements of pharmaceutical industry.

In August 2018, Capsule Delivery Solutions, part of Lonza Pharma & Biotech, have introduced the Capsugel Colorista product, a high-quality capsule based on an “all-colorants” formulation.

In October 2017, Suheung America Corporation has introduced the new EMBO CAPS VG-ALPHA drug delivery system, an empty vegetarian capsule targeted for use in the pharmaceutical market. The EMBO CAPS VG Alpha is manufactured from Hypromellose (HPMC) using a revolutionary proprietary process resulting in an extremely high strength and crystal-clear film, which allows the HPMC capsule to mimic the filling performance of gelatin.

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  • Visualize the composition of the empty capsules market segmentation by product type, application, and en-user highlighting the key commercial assets and players.
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Target Audience

  • Service Providers/ Buyers
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  • Emerging Companies
  • Manufacturers
  1. Global Empty Capsules Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Global Empty Capsules Market – Market Definition and Overview

  3. Global Empty Capsules Market – Executive Summary

    1. Market Snippet by Product Type
    2. Market Snippet by Therapeutic Application
    3. Market Snippet by End-User
  4. Global Empty Capsules Market Dynamics
    1. Market Impacting Factors
      1. Drivers
        1. Increasing Prevalence of chronic diseases
        2. Growing geriatric population
      2. Restraints
        1. Stringent Regulations in pharmaceutical industry
      3. Opportunity
      4. Impact Analysis
  5. Global Empty Capsules Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Unmet Needs
  6. Global Empty Capsules Market – By Product Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type Segment
      2. Market Attractiveness Index, By Product Type Segment
    2. Gelatin Capsules*
      1.  Porcine*
        1.  Introduction
        2.  Market Size Analysis, and Y-o-Y Growth Analysis (%)
      2.  Bovine
      3.  Bone Meal
    3.  Non-Gelatin Capsules
      1.  HPMC
      2.  Pullulan
  7. Global Empty Capsules Market – By Therapeutic Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application Segment
      2. Market Attractiveness Index, By Therapeutic Application Segment
    2. Antibiotic & Antibacterial Drugs*
      1.  Introduction
      2.  Market Size Analysis, and Y-o-Y Growth Analysis (%)
    3.  Anti-Inflammatory Drugs
    4.  Vitamin & Dietary Supplements
    5.  Antacid and Antiflatulent Preparations
    6.  Antianemic Preparations
    7.  Cardiovascular Therapy Drugs
    8.  Others
  8. Global Empty Capsules Market – By End-User

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User Segment
      2. Market Attractiveness Index, By End-User Segment
    2. Animal Hospitals*
      1. Introduction
      2. Market Size Analysis, US$ Mn, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Pharmaceutical Industry
    4. Nutraceutical Industry
    5. Others
  9. Global Empty Capsules Market – By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
      6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Product Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Therapeutic Application
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User
  10. Global Empty Capsules Market – Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  11. Company Profiles

    1. ACG Group*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. CapsCanada Corporation
    3. Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.)
    4. Medicaps Ltd.
    5.  Capsugel, Inc.
    6.  Bright Pharmacaps Inc.
    7.  Roxlor LLC
    8.  Suheung Co. Ltd.
    9.  Snail Pharma Industry Co. Ltd.
    10.  Patheon,Inc.
  12. Global Empty Capsules Market – Premium Insights

  13. Global Empty Capsules Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables
Table 1 Global Empty Capsule Market Value, By Product Type, 2018,2022 & 2026 ($ Million)
Table 2 Global Empty Capsule Market Value, By Therapeutic Application, 2018,2022 & 2026 ($ Million)
Table 3 Global Empty Capsule Market Value, By End-User, 2018,2022 & 2026 ($ Million)
Table 4 Global Empty Capsule Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 5 Global Empty Capsule Market Value, By Product Type, 2018,2022 & 2026 ($ Million)
Table 6 Global Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 7 Global Empty Capsule Market Value, By Therapeutic Application, 2018,2022 & 2026 ($ Million)
Table 8 Global Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 9 Global Empty Capsule Market Value, By End-User, 2018,2022 & 2026 ($ Million)
Table 10 Global Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 11 Global Empty Capsule Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 12 Global Empty Capsule Market Value, By Region, 2017-2026 ($ Million)
Table 13 North America Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 14 North America Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 15 North America Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 16 North America Empty Capsule Market Value, By Country, 2017-2026 ($ Million)
Table 17 South America Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 18 South America Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 19 South America Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 20 South America Empty Capsule Market Value, By Country, 2017-2026 ($ Million)
Table 21 Europe Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 22 Europe Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 23 Europe Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 24 Europe Empty Capsule Market Value, By Country, 2017-2026 ($ Million)
Table 25 Asia-Pacific Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 26 Asia-Pacific Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 27 Asia-Pacific Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 28 Asia-Pacific Empty Capsule Market Value, By Country, 2017-2026 ($ Million)
Table 29 Middle East & Africa Empty Capsule Market Value, By Product Type, 2017-2026 ($ Million)
Table 30 Middle East & Africa Empty Capsule Market Value, By Therapeutic Application, 2017-2026 ($ Million)
Table 31 Middle East & Africa Empty Capsule Market Value, By End-User, 2017-2026 ($ Million)
Table 32 ACG Group: Overview
Table 33 ACG Group: Product Portfolio
Table 34 ACG Group: Key Developments
Table 35 CapsCanada Corporation: Overview
Table 36 CapsCanada Corporation: Product Portfolio
Table 37 CapsCanada Corporation: Key Developments
Table 38 Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.): Overview
Table 39 Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.): Product Portfolio
Table 40 Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.): Key Developments
Table 41 Medicaps Ltd.: Overview
Table 42 Medicaps Ltd.: Product Portfolio
Table 43 Medicaps Ltd.: Key Developments
Table 44 Capsugel, Inc.: Overview
Table 45 Capsugel, Inc.: Product Portfolio
Table 46 Capsugel, Inc.: Key Developments
Table 47 Bright Pharmacaps Inc.: Overview
Table 48 Bright Pharmacaps Inc.: Product Portfolio
Table 49 Bright Pharmacaps Inc.: Key Developments
Table 50 Roxlor LLC: Overview
Table 51 Roxlor LLC: Product Portfolio
Table 52 Roxlor LLC: Key Developments
Table 53 Suheung Co. Ltd.: Overview
Table 54 Suheung Co. Ltd.: Product Portfolio
Table 55 Suheung Co. Ltd.: Key Developments
Table 56 Snail Pharma Industry Co. Ltd.: Overview
Table 57 Snail Pharma Industry Co. Ltd.: Product Portfolio
Table 58 Snail Pharma Industry Co. Ltd.: Key Developments
Table 59 Patheon,Inc.: Overview
Table 60 Patheon,Inc.: Product Portfolio
Table 61 Patheon,Inc.: Key Developments
 

List of Figures
Figure 1 Global Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 2 Global Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 3 Global Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 4 Global Empty Capsule Market Share, By Region, 2018 & 2026 (%)
Figure 5 Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 6 Global Empty Capsule Market Y-o-Y Growth, By Product Type, 2018-2026 (%)
Figure 7 Gelatin Capsules: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 8 Non-Gelatin Capsules: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 9 Global Empty Capsule Market Y-o-Y Growth, By Therapeutic Application, 2018-2026 (%)
Figure 10 Antibiotic & Antibacterial Drugs: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 11 Anti-Inflammatory Drugs: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 12 Vitamin & Dietary Supplements: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 13 Antacid and Antiflatulent Preparations: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 14 Antianemic Preparations: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 15 Cardiovascular Therapy Drugs: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 16 Others: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 17 Global Empty Capsule Market Y-o-Y Growth, By End-User, 2018-2026 (%)
Figure 18 Pharmaceutical Industry: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 19 Nutraceutical Industry: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 20 Others: Global Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 21 Global Empty Capsule Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 22 North America Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 23 North America Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 24 North America Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 25 North America Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 26 North America Empty Capsule Market Share, By Country, 2018 & 2026 (%)
Figure 27 South America Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 28 South America Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 29 South America Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 30 South America Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 31 South America Empty Capsule Market Share, By Country, 2018 & 2026 (%)
Figure 32 Europe Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 33 Europe Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 34 Europe Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 35 Europe Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 36 Europe Empty Capsule Market Share, By Country, 2018 & 2026 (%)
Figure 37 Asia-Pacific Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 38 Asia-Pacific Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 39 Asia-Pacific Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 40 Asia-Pacific Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 41 Asia-Pacific Empty Capsule Market Share, By Country, 2018 & 2026 (%)
Figure 42 Middle East & Africa Empty Capsule Market Value, 2017-2026 ($ Million)
Figure 43 Middle East & Africa Empty Capsule Market Share, By Product Type, 2018 & 2026 (%)
Figure 44 Middle East & Africa Empty Capsule Market Share, By Therapeutic Application, 2018 & 2026 (%)
Figure 45 Middle East & Africa Empty Capsule Market Share, By End-User, 2018 & 2026 (%)
Figure 46 ACG Group: Financials
Figure 47 CapsCanada Corporation: Financials
Figure 48 Sunil Healthcare Ltd.(Sunloc Healthcare, Inc.): Financials
Figure 49 Medicaps Ltd.: Financials
Figure 50 Capsugel, Inc.: Financials
Figure 51 Bright Pharmacaps Inc.: Financials
Figure 52 Roxlor LLC: Financials
Figure 53 Suheung Co. Ltd.: Financials
Figure 54 Snail Pharma Industry Co. Ltd.: Financials
Figure 55 Patheon,Inc.: Financials

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