The empty capsules market is mainly driven by the rising demand for hard gelatin and nongelatin capsules such as Hydroxypropyl Methyl Cellulose (HPMC), and pullulan capsules in the pharmaceutical and nutraceutical industries, backed by an increasing number of therapeutic applications. An increasing trend toward greater uptake of manufacturing and contract manufacturing services in the pharmaceutical industry is also expected to propel the growth of the empty capsules market during the forecast period of 2014 to 2019. Technological advancements such as nongelatin or vegetarian capsules, capsule dosing for dry powder inhalers, capsule-in-capsule technology for sustained release effect, and solid lipid pellet capsules are also expected to contribute to the growth of the empty capsules market in the pharmaceutical industry.

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Apart from these market drivers, there are several geographical drivers as well for the growth of the empty capsules market. The Asia-Pacific empty capsules market is expected to become a growth center for the global empty capsules market. Countries such as China and India are likely to show significant growth during the forecast period of 2014 to 2019. A higher CAGR of these markets is mainly attributed to the growing pharmaceutical industry, increasing demand for HPMC capsules in the nutraceutical industry, rising health awareness, and increased per capita income.

In 2014, the top five players in the global empty capsules market accounted for more than 40%–50% of the market. However, new entrants in the market are intensifying competition and threatening the market share of existing players. In order to maintain their market shares, leading players are continuously adopting new technologies and introducing new products in the market. This increasing competitiveness is expected to drive innovation in the market, thereby helping the industry to solve existing challenges.

Scope of the Report

Hard gelatin capsule shells are used as containers for administering medicines and food supplements by the pharmaceutical and nutraceutical industries Therefore, the growth of the empty capsules market is dependent on the growth of the pharmaceutical and nutraceutical industries. Factors such as increase in insurance coverage, rising aging population, rising per capita income, increasing awareness of personal health, easy access to high-quality healthcare facilities, and favorable government initiatives are expected to drive the pharmaceutical and nutraceutical industries. Thus, the rapidly evolving pharmaceutical and nutraceutical industries across the globe can be seen as key drivers for the growth of this market. Rising investments in nutraceutical capsules by leading market players and the robust growth of therapeutic applications of capsules in the pharmaceuticals industry are some key factors expected to play a vital role in the growth of the empty capsules market during the forecast period of 2014 to 2019.

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Global Empty Capsules Market

This research report categorizes the empty capsules market into the following segments:

Global Empty Capsules Market, by Product

• Hard Gelatin Capsules
• Nongelatin-based Capsules

Global Empty Capsules Market, by Source of Raw Material

• Pig-skin Gelatin
• Bovine-hide Gelatin
• Bone-derived Gelatin
• Hydroxypropyl Methyl Cellulose (HPMC) Gelatin
• Pullulan and Starch Materials
• Others

Global Empty Capsules Market, by Therapeutic Application

• Antibacterial Drug Formulations
• Vitamins and Dietary Supplements
• Antianemic Preparations
• Antacid and Antiflatulent Preparations
• Cardiovascular Therapy Drugs
• Cough and Cold Preparations
• Anti-inflammatory Drugs
• Others

Global Empty Capsules Market, by End User

• Pharmaceutical Industry
• Nutraceutical Industry
• Cosmetics Industry
• Research Laboratories

Global Empty Capsules Market, by Region

• North America
• Europe
• Asia-Pacific (APAC)
• Rest of the World (RoW)