Capsule Filling Machine Market Growth Drivers and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Capsule Filling Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Manual Capsule Filling Machines, Semi-Automatic Capsule Filling Machines, and Fully Automatic Capsule Filling Machines), Application (Pharmaceutical, Cosmetics, and Others), and Capacity [Small (Upto 50,000 Capsules), Medium (50,000 Capsules to 100,000 Capsules per Hour), and High (More than 100,000 Capsules per Hour)]
- Report Date : Dec 2021
- Report Code : TIPRE00008630
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 226
[Research Report] The capsule filling machine market is projected to reach US$ 290.92 million by 2028 from US$ 211.32 million in 2021; it is expected to grow at a CAGR of 4.7% during 2021 to 2028.
Capsule filling machines, also known as encapsulation machines, are mechanical devices extensively employed in pharmaceutical and industrial purposes. These machines fill empty soft or hard gelatin capsules of various sizes with powders, granules, semi-solids, or liquids carrying active pharmaceutical ingredients or a combination of active pharmaceutical ingredients and excipients. The machines are utilized in a wide range of industries, such as chemical, pharmaceutical, animal feed, and food & beverages. For various types of capsule fillers, there are around 1,600 installations globally.
The growth of the capsule filling machine market is attributed to the advancement in capsule filling machine and the rising prevalence of chronic diseases. However, the high cost incurred in capsule filling machine production hampers the market growth.
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Capsule Filling Machine Market: Strategic Insights
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Capsule Filling Machine Market: Strategic Insights
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Market Insights
Growing Prevalence of Chronic Diseases Drives Capsule Filling Machine Market
The increasing prevalence of chronic diseases, such as cardiovascular diseases (CVDs), cancer, diabetes, stroke, and kidney disease, has raised the demand for capsule filling machines to facilitate the medicinal capsule production. According to the WHO, cardiovascular diseases are the leading cause of death worldwide, killing 17.9 million people every year. Additionally, the rising prevalence of diabetes has increased need for medicinal capsules, driving the increased demand for capsule filling machines. According to the International Diabetes Federation's ninth edition of the Diabetes Atlas, about 463 million adults (aged 20–79 years) were suffering from diabetes in 2019, with the figure anticipated to reach 700 million by 2045. The increasing prevalence of cancer is boosting the demand for capsule filling machines as well. As per the WHO, cancer has been the second biggest cause of death worldwide, accounting for 9.6 million deaths in 2018. The surge in the cases of chronic renal diseases, worldwide, has also increased the need for daily drugs, which is reflected on the market’s growth. The National Institute of Diabetes and Digestive and Kidney Diseases stated in a report that over 661,000 Americans suffered from kidney failure in 2018, with 468,000 requiring dialysis and daily drugs. As a result of the rising frequency of chronic diseases and infections, pharmaceuticals products are registering a rapid increase in their demand, underscoring the importance of capsule filling machines.
Type-Based Insights
The capsule filling machine market, by type, is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Application-Based Insights
By application, the capsule filling machine market is segmented into pharmaceutical, cosmetics, and others. In 2021, the pharmaceutical segment held the largest share of the market. Moreover, the segment is expected to register the highest 2021–2028.
Capacity-Based Insights
The capsule filling machine market, by capacity, is segmented into small (upto 50,000 capsules), medium (50,000 capsules to 100,000 capsules per hour), and high (more than 100,000 capsules per hour). In 2021, the small (Upto 50,000 Capsules) segment held the largest share of the market. Moreover, the segment is expected to register the highest CAGR of 5.0% during 2021–2028.
Product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolios. Moreover, the capsule filling machine market players focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name across the world.
Capsule Filling Machines Capsule Filling Machine Market Regional Insights
The regional trends and factors influencing the Capsule Filling Machine Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Capsule Filling Machine Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Capsule Filling Machine Market
Capsule Filling Machine Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 211.32 Million |
| Market Size by 2028 | US$ 290.92 Million |
| Global CAGR (2021 - 2028) | 4.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Capsule Filling Machine Market Players Density: Understanding Its Impact on Business Dynamics
The Capsule Filling Machine Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Capsule Filling Machine Market are:
- ACG
- Capsugel, Inc (A subsidiary of Lonza Group AG)
- Dott. Bonapace & C. srl
- Schaefer Technologies
- Syntegon Technology GmbH
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Capsule Filling Machine Market top key players overview
Company Profiles
- ACG
- Capsugel, Inc (A subsidiary of Lonza Group AG)
- Schaefer Technologies
- Syntegon Technology GmbH
- Torpac Inc.
- Zhejiang Fuchang Machinery Co.
- Ltd; Beijing Hanlin Hangyu Technology Development Inc.
- M2G S.r.l;
- I.M.A. Industria Macchine Automatiche S.p.A.
Frequently Asked Questions
What is the market CAGR value of Capsule Filling Machine market during forecast period?
The global Capsule Filling Machine market is expected to reach US$ 290.92 million by 2028 from US$ 211.32 million in 2021; it is estimated to grow at a CAGR of 4.7% during 2021–2028.
What are future trends of Capsule Filling Machine market?
Pharmaceutical companies are investing heavily in drug development and the discovery of new pharmaceutical products. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), pharma companies in the US conduct more than half of the world's R&D, with investments totaling ~US$ 75 billion. They hold intellectual property rights on most of the new pharmaceuticals. In Europe, a research-based pharmaceutical industry is an essential asset and is one of the top-performing high-technology sectors in the region. As per the EFPIA member associations, the research-based pharmaceutical industry in Europe invested around US$ 43,437.88 million (€ 36,500 million) in R&D in 2018. Similarly, the governments in Asian economies are focusing aggressively on pharmaceutical R&D activities. For instance, the Government of Thailand launched the “Thailand 4.0†initiative to shift the label of “manufacturing hub†from the country and replace it with “innovation hub.†Investments in research & development by Indian pharmaceutical companies increased from 5.3% in 2012 to 8.5% in 2018. Such high investments in the R&D activities by pharmaceutical companies are further driving the growth of the pharmaceutical intermediates market.
What are the driving factors for the Capsule Filling Machine market across the globe?
The growth of the Capsule Filling Machine market is mainly attributed to factors such as the increasing prevalence of chronic diseases coupled with advancement in capsule filling machine. However, the high cost incurred in capsule filling machine production is hindering the market growth.
Which is the potential market for the Capsule Filling Machine in terms of region??
The Asia Pacific region is expected to be the fastest-growing region among all other regions. The market is this region is expected to grow significantly in countries such as China, Japan, South Korea, and India. The growth of the market in this region is expected to grow at a faster pace owing to factors such as high prevalence of this chronic diseases, and the rise in healthcare awareness. Additionally, developing healthcare infrastructure and increasing investments are projected to drive the Asia Pacific Capsule Filling Machine market during the forecast period.
What does Capsule Filling Machine mean?
Capsule filling machines are used to make various sizes of capsules. Capsule filling machines are utilized in a wide range of industries, including chemical, pharmaceutical, animal feed, and food and beverage. For various types of capsule fillers, there are around 1600 installations globally. Capsule filling machines, also known as encapsulation machines, are mechanical devices that are extensively employed in pharmaceutical and industrial purposes. These machines fill empty soft or hard gelatin capsules of various sizes with powders, granules, semi-solids, or liquids carrying active pharmaceutical ingredients or a combination of active pharmaceutical ingredients and excipients.
Market Research & Consulting
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The List of Companies - Capsule filling Machine Market
- ACG
- Capsugel, Inc (A subsidiary of Lonza Group AG)
- Dott. Bonapace & C. srl
- Schaefer Technologies
- Syntegon Technology GmbH
- Torpac Inc.
- Zhejiang Fuchang Machinery Co., Ltd
- Beijing Hanlin Hangyu Technology Development Inc.
- M2G S.r.l
- I.M.A. Industria Macchine Automatiche S.p.A.
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