According to the report “Global Empty Capsules Market” published by Market Data Forecast, the global market is projected to reach USD 1948 million by 2021, at a CAGR of 7.5% from 2016 to 2021.
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Empty Capsules are generally made from Gelatin, which is derived from plant or animal origin. These capsules are made in to two halves one half is used to fill the drug while other is used to seal it which are used as different dosage form for prescription and OTC drugs, nutrient supplements and herbal products.
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Growth of global empty capsules market is expected to be driven by growing applications in pharmaceutical and nutraceuticals companies. Technological advancements coupled with growing consumer preference towards capsule based formulations are also fuelling the market growth. Demand for Non-Gelatin capsules is continuously increasing providing significant growth opportunities in the market.
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2)By Therapeutic Application
•Antibiotic and Antibacterial Drugs
•Vitamins and Dietary Supplements
•Antacid and Antiflatulent Preparations
•Anti-inflammatory and Anti-rheumatic Drugs
•Cardiac Therapy Drugs
•Cough and Cold Preparations and
•Other Therapeutic Applications
3)By End User
•Middle-East & Africa
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Some of the major companies covered in the report are Capsugel, Acg Worldwide, Suheung Co Ltd., Bright Pharmacaps Inc., Capscanada Corporation, Medi-Caps Ltd., Qualicaps, Roxlor, LLC, Snail Pharma Industry Co., Ltd. and Sunil Healthcare Limited
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