Global Two-Piece Empty Hard Capsule Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at XX% from 2019 to 2027, reaching nearly US$ 2.8 Bn.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
The two-piece empty hard capsule is a dosage format created by pharmacological companies to confirm the consumption of drugs. This is useful for consumers unable to intake drugs or medicines tablet form. Raw materials used in the production of these capsules contain gelatin, hydroxypropyl methylcellulose (HPMC) and starch & pullulan.
The MMR report covers all the trends and technologies playing a major role in the growth of the two-piece empty hard capsule market over the forecast period. It highlights the drivers, restraints, challenges, and opportunities expected to influence the market growth during 2019-2027. In 2018, the global two-piece empty hard capsule market was nearly 500 billion capsules (units). In 2020, the worldwide growth for the capsule market is expected to be modest in value for pharmacy and include nearly 70% of the global market. Within Pharmacy, demand has been driven by more complex drugs which are needful as specialized dose forms to overcome bioavailability challenges, for instance, orphan and oncology drugs, which by volume growth in the market for pharma motivated by off-patent drugs. Furthermore, the majority of new growths are in the generic space and more than half of New Chemical Entity (NCE) developments are now in specialty polymers, emphasizing the present market trend in non gelatine base substitute for capsules. From a geographical outlook, Pharma HEC sees growing demand in the USA, APAC markets, as well as consolidated demand in established markets.
Rising investments in empty hard capsule industrial plants, mounting demand for halal- and kosher- certified capsules are major motivators for the growth of two-piece empty hard capsule market globally. Such as, in 2016, ACG Group invested 1.85 Bn. baht to build a capsule factory in Rayong Thailand. However, the growth of the market is restricted by the heavy cost of vegetarian capsules during 2019-2027.
Also, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the two-piece empty hard capsule market size. Based on End Use, the pharmaceuticals segment dominated the two-piece empty hard capsule market, with market size of US$ XX Mn in 2019 and to reach US$ XX Mn by 2027, with a CAGR of XX.89%. This is because of the expensive application of two-piece capsules in pharma enterprises. Also, predilections of capsules which are compared to drug form can give flying wings to pharmaceuticals segment growth in the future.
North America is expected to continue to hold the largest XX% share in two-piece empty hard capsule market thanks to growing pharmaceutical manufacturing industries. However, Europe stood the second largest in the two-piece empty hard capsule market because of expanding geriatric population, and government funding. The U.K, Germany, and France, have huge potential along with numerous regional companies helping R&D in the area. The healthcare industry contributes a large amount to the GDP of EU countries.
The MMR report also focuses on global supreme industry players of two-piece empty hard capsule market providing information with facts and figures such as company profiles, cost, and revenue. In Feb 2018, CapsCanada Company extended its K-CAPS manufacturing capacity by spending US$ 28 million. With this, the CapsCanada aimed to upsurge its capsule production and development to meet the growing worldwide demand for K-CAPS.
The objective of the report is to present a comprehensive analysis of the Global Two-Piece Empty Hard Capsule Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Two-Piece Empty Hard Capsule Market dynamics, structure by analyzing the market segments and projects the Global Two-Piece Empty Hard Capsule Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Two-Piece Empty Hard Capsule Market make the report investor’s guide.
Scope of the Global Two-Piece Empty Hard Capsule Market
Global Two-Piece Empty Hard Capsule Market, by Raw Material
• Gelatin • HPMC (Hydroxypropyl Methylcellulose) • Starch & Pullulan
Global Two-Piece Empty Hard Capsule Market, by End Use
• Pharmaceuticals • Health and Nutrition • Others
Global Two-Piece Empty Hard Capsule Market, by Region
• Asia Pacific India China Japan South Korea Australia Indonesia Malaysia Vietnam Rest of Asia • North America U.S. Canada • Europe U.K Germany France Russia Spain Italy Sweden • South America Mexico Brazil Rest of South America • Middle East & Africa GCC South Africa Rest of MEA
Key players operating in the Global Two-Piece Empty Hard Capsule Market
• CapsCanada • Capsugel • Roxlor LLC • Bright Pharma Caps Inc • Hunan ER-KANG Pharmaceutical Co., Ltd • Shanxi Guangsheng Medicinal Capsule Co., Ltd • Suheung Co., Ltd • ACG Group • Medi-Caps Ltd • Qualicaps (Mitsubishi Chemical Holdings) • XX • XX
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