The Global Empty Capsules Market is majorly driven by the rapid growth in pharmaceutical sector, according to our research report “Global Empty Capsules Market Outlook 2023”. The global empty capsules market is segmented into gelatine capsules and non-gelatin capsules on the basis of product type. Among these product types, gelatin is expected to be the fastest growing market in product segment owing to ease of availability and cost-effectiveness of gelatin capsules.
The empty capsules market accounted for USD 1.42 Billion in 2015 and the market is expected to expand significantly at a CAGR of 7.4 % during the forecast period 2016-2023 globally.
North America accounted for the largest market share of 43% in 2015 of empty capsules market globally. The market of North America region is expected to continue its dominance over the forecast period i.e. 2016-2023.
Europe is expected to be the second largest share contributor across the globe in the market of empty capsules. The market of Europe region accounted for USD 284.1 Million in 2015.
Rising Pharmaceutical Industries: Diligence
Rapid growth in pharmaceutical industries and advancements in medicinal facilities, growing preference of capsules over tablets from consumers end are some of the vital driving factors for the growth of empty capsules market across the globe.
Growing demand of encapsulated health supplements and nutrition ingredients for child and elderly population is believed to spur the demand for empty capsules globally in near future.
Growing Awareness towards health and fitness:
Rising concern towards health and hygiene, growing awareness towards fitness and cost effective cure, across the globe are some of the key factors further trigger the demand for empty capsules.
Rising demand for capsules for medication purposes among the population, ease of availability and cost-effectiveness of capsules are likely to pave the growth of empty capsules market during the forecast period i.e. 2016-2023.
The report titled “Global Empty Capsules Market Outlook 2023” delivers detailed overview of the Global Empty Capsules Market in terms of market segmentation by Product Type, by Therapeutic Application Type, by Capsules Size, by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the service providers of the Global Empty Capsules Market which includes company profiling of Capsugel, Inc., ACG Associated capsules Pvt. Ltd., Qualicaps,Inc., Roxlor LLC, Patheon,Inc., etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Empty Capsules Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.
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