Empty Capsules Market Continues To Expand As Capscanada Corporation Introduces A New Liquid-Filled Hard Capsule Manufacturing Service In North America
Empty Capsule is a term given to
small capsules in the form of hard gel or powder that is used for many applications.
These types of empty capsules are very popular with the cosmetic and
pharmaceutical industries. One of the most common uses of empty capsules is for
the manufacturing of hard capsules. As mentioned above, they are manufactured
from a thermosetting polymer, which is a gel-like substance. When it comes to
regional footprint, North America is gaining a significant grip in the empty
capsules market since there is high consumer awareness pertaining to
nutraceutical products. Besides, there is a high prevalence of obesity and
arthritis, which can potentially impact growth of the regional market. On the
contrary, Asia Pacific remains one of the emerging regions in the empty
capsules market due to favorable government initiatives related to the development
of healthcare infrastructure.
The adoption of empty capsules is
directly proportional to the rapidly rising geriatric population. Since the
elderly population is highly vulnerable to different types of diseases, the
adoption of medications is significantly high. As per the World Health
Organization (WHO), by 2050, the global population aged 65 years and above is
expected to reach around 2 billion increasing from 900 million in 2015. Such
rapid growth in the elderly population could potentially augment growth of the
empty capsules market in the near future.
In hard capsule manufacturing, this gel
substance gets pressed into various shapes and sizes using different methods.
The method that is used depends on various factors such as the properties of
the substance, its size, and shape, etc. For example, if the substance has to
retain a particular shape for a long time, then the shape has to be special
while pressing it into the mold. Despite such robust growth of the market,
certain elements can potentially put forth major challenges. Adversities such
as dietary restrictions and cultural prices among certain patient pools remain
key hurdles in the market. Besides, rapidly increasing prices of gelatin and
lower availability of raw materials can impede growth of the empty capsules
market.
Another use of empty capsules is for
the manufacturing of vegetable capsules. This can be done by pressing vegetable
fiber into the empty shell and then breaking the fibers into fine pieces. The
pieces of the fiber get mixed with glue and melted into the mold. Another key
reason for the increased adoption of empty capsules is rapid growth of the
pharmaceutical sector. The pharmaceutical industry is growing rapidly in both
developed and emerging regions. As per India Brand Equity Foundation (IBEF),
India’s domestic pharmaceutical market was valued at US$ 20.03 billion in 2019,
increasing from US$ 18.12 billion in 2018. Thus, these factors can stimulate
growth of the empty capsules market.
Recently, in March 2021, Capscanada
Corporation launched a new liquid-filled hard capsule manufacturing service in
North America.
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