About Capsule Filler
Capsule fillers are the packaging technology that helps in the packaging of capsules. This addresses growing consumer demand from pharmaceuticals. It is available in various operational modes, but majorly consumers are opting for automatic capsules. The major demand is for cost-competitive capsule fillers. Growing demand for antibiotics, vitamins, antacids. The global empty capsules industry is expected reached USD 2.5 Bn by FY 2023.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.0% |
The global capsule filler market is strongly competitive and covers various market players. In terms of market share, some of the market leading presently dominate the global market. These market players are focusing on strategic collaborative initiatives to enhance their market share and escalation their profitability. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Capsule Filler market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Qualicaps Inc. (United States), Bosch Packaging Technology (Germany), Glenvale Packaging (United Kingdom), IMA Pharma (Italy), MG America (United States), Capsugel Inc. (United States), Schaefer Technologies (United States), ACG Pam (India), Harro Hofliger (United States) and LFA Machines Oxford Ltd. (England) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Syntegon Technology GmbH (Germany), Romaco Holding GmbH (Germany) and Fette Compacting GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Capsule Filler market by Type (Floor Standing, Tabletop, Compact, Vacuum and Others), Application (Pharmaceuticals, Cosmetics and Others) and Region.
On the basis of geography, the market of Capsule Filler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Filling Material, the sub-segment i.e. Liquid will boost the Capsule Filler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation Mode, the sub-segment i.e. Manual will boost the Capsule Filler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand from the North American Regions Because of Growing Use of Capsules Inside Inhalers for the Highly Prevalent Pulmonary Diseases
Market Growth Drivers:
Growing demand for capsules entails a huge amount of production with enhanced capsule filling capacity, which provides a growth opportunity for the development of new capsule filler machines that can manufacture more capsules in an hour. Along with high growth in the application of technology from various pharmaceutical and cosmetics products manufacturing companies is driving demand for fully automatic capsule filler.
Challenges:
High Cost Associated with Manufacturing and Maintenance Cost and The Slowdown in Supply Chain Across Under Developing Regions
Restraints:
Fluctuation in Cost of Raw Materials and Increase in Trade Conflicts In Between China and the United States
Opportunities:
Technology Development in Manufacturing Process and Increase Investment in Research and Development
Market Leaders and their expansionary development strategies
In February 2021, BC Partners, a leading international investment firm, alongside the Vacchi family, acquired the IMA Group, the world leader in the production of automatic packaging machines.
In June 2022, Mycovia Pharmaceuticals, Inc., an emerging biopharmaceutical company dedicated to recognizing and empowering those living with unmet medical needs by developing novel therapies, shared topline results from evaluating VIVJOA (oteseconazole) capsules in patients suffering from recurrent vulvovaginal candidiasis (RVVC).
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Capsule Filler Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.