Two-Piece Empty Hard Capsule Market Research Report Information by Raw Material (Gelatin Hydroxypropyl Methylcellulose (HPMC), Starch and Pullulan), By size (Size "00" capsules, Size "0" capsules, Size "1" capsules, Size "2" capsules, others), By End User
Two-Piece Empty Hard Capsule Market Research Report Information by Raw Material (Gelatin Hydroxypropyl Methylcellulose (HPMC), Starch and Pullulan), By size (Size "00" capsules, Size "0" capsules, Size "1" capsules, Size "2" capsules, others), By End Users (Pharmaceutical Companies, Health & Nutrition, Others) And by Region (North America, Europe, Asia-Pacific, And Rest of The World) – Industry Forecast Till 2032
The Two-Piece Empty Hard Capsule Market was valued at USD 1.13 billion in 2023 and is predicted to increase from USD 1.20 billion in 2024 to USD 2.23 billion by 2032, demonstrating a compound yearly growth rate (CAGR) of 7.08% during the forecast period (2024-2032).The Two-Piece Empty Hard Capsule Market is expanding rapidly, driven mostly by the rising prevalence of noncommunicable diseases (NCDs). According to the World Health Organization (WHO), noncommunicable diseases (NCDs) will kill 41 million people annually by 2023, accounting for 74% of all deaths globally. The increased global incidence of cardiovascular illnesses, diabetes, and obesity has resulted in an increase in pharmacological and nutraceutical therapies, driving demand for empty hard capsules. These capsules function as effective drug delivery vehicles, allowing for the administration of diverse formulations to address the complications associated with NCDs. As healthcare systems around the world work to control and treat these common chronic illnesses, pharmaceutical companies are using the adaptability of two-piece empty hard capsules to encapsulate a wide range of medicinal substances.Market Segment InsightsGelatin, hydroxypropyl methylcellulose (HPMC), starch, and pullulan are among the raw materials used in the global two-piece empty hard capsule segmentation. The Two-Piece Empty Hard Capsule Market segmentation by size includes size "00" capsules, size "0" capsules, size "1" capsules, size "2" capsules, and others. The Two-Piece Empty Hard Capsule Market is divided into three segments based on end user: pharmaceutical firms, health and nutrition, and others. Regional insightsThe North American Two-Piece Empty Hard Capsule Market accounted for the greatest market share of 36.60% in 2022 and is expected to reach roughly USD 0.71 billion by 2032, growing at a 5.70% CAGR during the forecast period. However, Asia-Pacific is expected to develop at the fastest CAGR of 8.89% over the forecast period.The North America Two-Piece Empty Hard Capsule Market is expected to grow steadily in the future. Investments in healthcare infrastructure and increased awareness of modern medical solutions are projected to propel market growth even further. Europe's Two-Piece Empty Hard Capsule Market accounted for the second-largest market share, owing to technological developments, rising healthcare expenditure, and an increase in chronic disease prevalence. The Asia-Pacific Two-Piece Empty Hard Capsule Market is predicted to expand the fastest between 2024 and 2032 due to a large patient population, rising chronic diseases, and favorable regulatory regulations. Furthermore, leading players in the Two-Piece Empty Hard Capsule Market are aggressively expanding into this region, accelerating regional market growth. Major PlayersKey Companies CapsCanada (Canada), Roxlor (US), Goerlich Pharma GmbH (Europe), Lonza (Switzerland), Qualicaps (US), Suheung (South Korea), ACG (India), Hunan Er-Kang Pharmaceutical Co. Ltd (China), Shanxi Guangsheng Medicinal Capsule Co., Ltd (China), and Bright Pharma Caps (US) are among the companies that offer two-piece empty hard capsules on the market.
1 Market Introduction
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.5.3 Primary Research: Regional Coverage
3.6 Approaches For Market Size Estimation:
3.6.1 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Type
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Prevalence Of Non-communicable Diseases .
4.2.2 Growing Demand For Nutraceuticals
4.2.3 Advancements In Capsule Technology
4.3 Restraints
4.3.1 Alternative Drug Delivery Forms
4.4 Opportunity
4.4.1 Growing Preferences Towards Plant Based Capsuels
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 R&D And Designing
5.1.2 Manufacturing
5.1.3 Distribution And Sales
5.1.4 Post-sales Monitoring
5.2 Porter’s Five Forces Model
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Impact Of Covid-19 On The Global Two-piece Empty Hard Capsule Market
5.3.1 Impact On Research And Development
5.3.2 Impact On Supply Chain
5.3.3 Impact On Pricing
5.4 Average Unit Price Of Two Piece Empty Hard Gelatin Capsule
5.5 Hs Code Of Two Piece Empty Hard Gelatin Capsule
6 Global Two-piece Empty Hard Capsule Market, By Raw Material
6.1 Overview
6.2 Gelatin
6.3 Hydroxypropyl Methylcellulose (Hpmc)
6.4 Starch And Pullulan
7 Global Two-piece Empty Hard Capsule Market, By Size
7.1 Overview
7.2 Size 00 Capsules
7.3 Size 0 Capsules
7.4 Size 1 Capsules
7.5 Size 2 Capsules
7.6 Others
8 Global Two-piece Empty Hard Capsule Market, By End User
8.1 Overview
8.2 Pharmaceutical Companies
8.3 Health & Nutrition
8.4 Others
9 Global Two-piece Empty Hard Capsule Market, By Region