Capsule Filling Machines Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Capsule Filling Machines Market grew at a CAGR of 4.4% between 2017-2021 and is estimated to be US$ 513.7 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.6% and is expected to reach a valuation of US$ 885.8 Mn by 2032 end.
Various capsule-filling machines utilize different formulations or powders comprising active compounds. Their mixes and combinations of excipients are filled into capsules. Patients receive prescriptions from doctors for these capsules to treat various diseases or conditions.
THE GROWING NEED TO PROVIDE ADEQUATE MEDICINE TO THE CONSTANTLY EXPANDING POPULATION TO DRIVE THE MARKET GROWTH
The pharmaceutical business uses capsule-filling machines more frequently due to the requirement to supply enough medication to the world’s population, which is expanding quickly. One of the main factors propelling the growth of the capsule-filling machines market is its capacity to fill capsules with over 300,000 dosages per hour at a fill rate of over 99%.
The preference for automatic capsule filling machines in the pharmaceuticals business has increased as a result of the ability of pharmaceutical manufacturers to boost their profitability through acquiring economies of scale. The pharmaceutical sector is growing quickly due to technological developments, production methods, and integration. This led to improvements in the manufacturing procedures for capsules, which increased demand for cutting-edge capsule-filling equipment.
TECHNICAL DISADVANTAGES WILL LIMIT THE GROWTH IN THE LONG RUN
The entire process requires temperature maintenance, which can be extremely confusing. Additionally, the market for liquid capsule-filling machines would be hampered by the high cost of electricity and power.
FAVOURABLE GOVERNMENT REGULATIONS AND ADVANCED TECHNOLOGY
In the projection period of 2023 to 2032, the market participants will have access to several lucrative chances due to the growing government regulations in a variety of industries as well as the prevalence of financing from the government sector for small and medium enterprises. The market for liquid capsule-filling machines will continue to expand due to the development of cutting-edge technologies.
Market Segments Covered in Report
By Operation Type:
By Capacity Type:
By Dosage Type:
By Region and Country:
Which is the most consumed capsule-filling machines operation type?
The automatic capsule-filling machine market share was dominant. While most large pharmaceutical businesses have filling facilities, mid-sized companies often contract out their filling requirements to contract manufacturers. Fully automatic machines are preferred by end users that need high output, while R&D facilities and small-scale pharmaceutical producers favor semi-automatic capsule-filling equipment.
The market for capsule-filling machines is expanding due to the increased usage of automatic capsule-filling devices in large-scale capsule production. The need for capsule-filling machines is supported by a rise in demand for health supplements in both emerging and developed economies.
Which dosage type generates the maximum revenue in the capsule-filling machines market?
In the market for capsule-filling machines, solid capsule-filling will continue to be in high demand. The need for health supplements has been fueled by the increased consumer focus on health and well-being, general awareness of healthier lifestyles, and the effectiveness of dietary supplements.
Formulations for solid capsule filling are simpler to swallow than tablets, and the body absorbs them more quickly. As a result, solid capsule filling capsules have become more widely used in the nutraceutical business as health supplements. The demand for efficient capsule-filling solutions has increased due to high capsule consumption, which also boosts the demand for capsule-filling machines globally.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for capsule filling machines in the worldwide industry, market players can anticipate attractive growth prospects in the future.
Some of the key developments that have taken place in the Capsule Filling Machines Market include:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Operation Type, Capacity Type, Dosage Type, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Market Size Data
Value Chain Analysis
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.6%.
The growing need to provide good medicine to the constantly expanding population drives the market growth.
Major global Capsule Filling Machines Market players are Harro Höfliger Verpackungsmaschinen GmbH, Sainty Co., ACG Pam Pharma Technologies Private Limited, Robert Bosch GmbH, Shanghai Develop Machinery Co. Limited, Shanghai Jiuwu Pharmtech Machinery Co., Ltd., Shanghai TIWIN Industry Co., Ltd., Wenzhou Ouya Machinery Co., Ltd., Zhuhai Ting Kai Trading Co. Ltd., Shanghai Pharmaceutical Machinery Co. Ltd.
Various disadvantages will limit the growth in the long run
Asia Pacific Region is expected to account for the largest market revenue share in the Global Capsule Filling Machines market.
Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.Speak to Analyst