Global hollow capsule market analysis
Foreword:
1. According to market forecasts, the global hollow capsule market will grow from US$1.95 billion in 2018 to US$2.79 billion in 2023, with a compound annual growth rate (CAGR) of 7.4% during the forecast period. In the following development process, Shandong Hershey Capsule Co., Ltd. will also become the top supplier of global plant capsules.
2. Through this market analysis, the main factors that are expected to drive the empty capsule market are: the growing elderly population is increasingly adopting capsule preparations, the growth of the pharmaceutical market and the increasing R&D activities and clinical trials, as well as capsule delivery Technological progress. The purpose of this report is to define, describe and predict the size of the empty capsule market based on type, performance, application, end user and region.
Capsule type analysis:
Among the types of capsules, the vegetable capsules field is expected to grow at the highest compound annual growth rate during the forecast period. The increasing demand for non-animal products and the advantages of these capsules over gelatin-based products, such as low hygroscopicity, physical stability, stability in different temperature and humidity ranges, and low moisture content, will all promote this The growth of market segments.
Capsule performance analysis:
Immediate-release capsules (short disintegration time) will play a vital role in the capsule field, because conventional-release capsules are widely used in the manufacture of antibiotics, antibiotics, antacids, analgesics, inhalants, cold and cough medications, and Dietary Supplements. In addition, immediate-release capsules are also the most commonly prescribed capsules for the treatment of various diseases and disorders.
Capsule application analysis:
The dietary supplement segment has the highest compound annual growth rate during the forecast period, and the dietary supplement segment is expected to grow faster in this market. Emerging countries (such as India, China, and Brazil) increased health awareness and affordability, increased incidence of lifestyle diseases, and increased use of vitamin capsules as over-the-counter drugs, all contributing to the growth of this field.
Capsule market (end users and regions) analysis:
1. During the forecast period, North America is expected to be the region with the largest empty capsule market, followed by Europe. The reason for the highest market share in North America can be attributed to the existence of existing large-scale capsule manufacturers and the use of large-scale production capacity of these capsules by some pharmaceutical giants. The increasing emphasis on high-quality drugs and generic drugs has also led to an increase in the demand for empty capsules. With the significant growth of the pharmaceutical manufacturing industry in the Asia-Pacific region in the past few years, several factors are expected to drive the region’s astonishing growth. These factors include the region's growing pharmaceutical manufacturing capacity and the large patient population.
2. It is expected that in the next 10 years, the market share of hollow capsules in the Asia-Pacific region will increase significantly. The reason is that with the continuous growth of national and citizen health awareness, the demand for health products is increasing, which will promote health care. The demand and output of hollow capsules by product factories and pharmaceutical factories. Please see the chart below (proportion of the global hollow capsule market)
From the above picture, it is clear that Europe and the United States account for the largest proportion, but the Asia-Pacific region is obviously the largest growth rate. Therefore, Shandong Hershey Capsule will focus on the market in the Asia-Pacific region in addition to Europe and the United States. With the continuous advancement of the company, Shandong Hershey Capsules will also become the world's top supplier of plant capsules.
In summary:
1. Within the scope of the current research, the above-mentioned market segments are covered in five regions of the world, namely-Americas, Europe, Asia-Pacific and the Middle East and Africa. The empty capsule market in the Americas is divided into North America and South America. North America is subdivided into the United States and Canada. The Americas account for the largest market share in the global empty capsule market. Europe occupies the second largest market, second only to the Americas.
2. Europe includes two regions, namely Western Europe and Eastern Europe. Western Europe occupies a major share of the market, mainly contributed by Germany, the United Kingdom and France. The main factors that promote the growth of the empty capsule market include the growing application of the health care product market, the continuous epidemic of diseases, and so on.
3. The Asia-Pacific region is the fastest growing region for the empty capsule market. The increasing demand for better diagnostic equipment, better and safer treatment methods, rapidly improving technology, and the presence of a large patient population has driven the growth of this market in the Asia-Pacific region.
From the dynamic analysis of this industry, it can be seen that the global market competition for hollow capsules is becoming increasingly fierce, and the global capsule market is clearly differentiated. Therefore, Shandong Hershey Capsule Co., Ltd. is facing opportunities and challenges. In the next development process, All the staff of Hershey will uphold the core values of making capsules with ingenuity, with patent industry, winning by quality, new and strong business philosophy, collaborative development, and ecological win-win service concept, and will surely become the top global supplier of plant capsules. Provide customers with the best quality service and gradually establish a good brand of the company on a global scale. All of our employees will continue to learn and work hard to provide global customers and people around the world with the highest quality hollow plant capsules.
