Pharmaceutical Empty Hard Capsules Market Revenue was valued at USD 4.5 Billion in 2024 and is estimated to reach USD 7.9 Billion by 2033, growing at a CAGR of 7.2% from 2026 to 2033.
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The pharmaceutical empty hard capsules market is undergoing significant transformations, driven by technological advancements, strategic business shifts, and evolving consumer preferences. These developments are shaping the future landscape of drug delivery systems, offering insights into where the industry is headed.
In December 2024, Lonza, a prominent Swiss contract drugmaker, announced its decision to exit the capsules and health ingredients (CHI) business. This move comes in response to a decline in demand for pharmaceutical supplies post-pandemic. By divesting from the CHI sector, Lonza aims to refocus on its core contract development and manufacturing organization (CDMO) business. The company plans to restructure its CDMO operations into three business platforms—Integrated Biologics, Advanced Synthesis, and Specialized Modalities—starting from the second quarter of 2025. This restructuring is designed to maintain leadership in high-value therapeutic and commercial domains while advancing manufacturing technologies. Following this announcement, Lonza's shares saw a significant rise, reflecting investor confidence in the company's strategic direction. citeturn0news17
The empty capsules market is witnessing rapid technological advancements aimed at improving drug stability, bioavailability, and targeted delivery. Notable developments include:
Functional Ready-to-Fill Oral Capsules: In October 2023, Evonik introduced EUDRACAP, a functional, ready-to-fill oral capsule designed for preclinical trials. This innovation enables pharmaceutical companies to optimize drug development by reducing costs, time, and variables. citeturn0search0
Intestinal Drug Delivery Solutions: In November 2022, Lonza launched Capsugel Enprotect, an innovative capsule solution for intestinal drug delivery, demonstrating potential improvements in oral drug delivery systems. citeturn0search0
Titanium Dioxide-Free Capsules: In May 2022, Lonza expanded its Capsugel offering with a titanium dioxide-free white hard gelatin capsule, addressing new European Union requirements and offering superior protection of fill formulation from light. citeturn0search0
The global empty capsules market is experiencing significant growth, driven by increasing demand for plant-based and sustainable capsules. Consumers are becoming more health-conscious and environmentally aware, leading to a preference for vegetarian and vegan-friendly capsules. Plant-based capsules offer a sustainable alternative to gelatin capsules and comply with vegan and kosher dietary preferences. This shift presents lucrative opportunities for manufacturers to strengthen their positions through sustainable product differentiation strategies. citeturn0search3
Strategic collaborations and acquisitions are playing a crucial role in expanding manufacturing capabilities within the empty capsules market. For instance, in March 2024, Lonza announced an agreement with Roche to acquire Genentech's biologics manufacturing site in California for over USD 1 billion. This acquisition is expected to significantly enhance Lonza's biologics manufacturing capability, making it one of the largest sites globally. The company plans to invest nearly USD 600 million in upgrading the facility to meet the demands of next-generation mammalian biologics therapies. citeturn0search1
The pharmaceutical empty hard capsules market is at a pivotal juncture, characterized by strategic business decisions, technological innovations, and a shift towards sustainable practices. Companies that adapt to these changes by embracing new technologies, focusing on core competencies, and aligning with consumer preferences are poised to lead in this evolving landscape. As the industry continues to grow, stakeholders must stay informed about these developments to navigate the future effectively.
The importance of Pharmaceutical Empty Hard Capsules Market research reports lies in their ability to aid strategic planning, helping businesses develop effective strategies by understanding market trends and dynamics. They play a crucial role in risk management by identifying potential risks and challenges, allowing businesses to mitigate them proactively. These reports offer a competitive advantage by providing insights into competitors' strategies and Pharmaceutical Empty Hard Capsules Market positioning. For investors, they provide critical data for making informed decisions by highlighting market forecasts and growth potential. Additionally, market research reports guide product development by understanding consumer needs and preferences, ensuring products meet market demands and drive business growth.
What are the Type driving the growth of the Pharmaceutical Empty Hard Capsules Market?
Growing demand for below Type around the world has had a direct impact on the growth of the Pharmaceutical Empty Hard Capsules Market:
Gelatin Capsule, Plant Capsule, Other
What are the Applications of Pharmaceutical Empty Hard Capsules Market available in the Market?
Based on Application the Market is categorized into Below types that held the largest Pharmaceutical Empty Hard Capsules Market share In 2024.
Pharmaceutical, Healthcare Products, Other
Who is the largest Manufacturers of Pharmaceutical Empty Hard Capsules Market worldwide?
Lonza, Qualicaps, ACG, Suheung, Farmacapsulas SA, ERAWAT PHARMA LIMITED, Dah Feng Capsule, Lefan Capsule, Shing Lih Fang, Roxlor, Nectar Lifesciences, Kangke, Angtai, Tsingtao Capsule, Huangshan Capsule, MEIHUA Group, Yili Capsule
Short Description About Pharmaceutical Empty Hard Capsules Market:
The global Pharmaceutical Empty Hard Capsules Market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing steadily, and with the increasing adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, particularly the United States, will continue to play a pivotal role in the market's development. Any changes in the United States could significantly impact the Pharmaceutical Empty Hard Capsules Market growth trends. The market in North America is projected to grow considerably during the forecast period, driven by the high adoption of advanced technology and the presence of major industry players, creating ample growth opportunities.
Europe is also expected to experience significant growth in the global market, with a strong CAGR during the forecast period from 2024 to 2031.
Despite intense competition, the clear global recovery trend keeps investors optimistic about the Pharmaceutical Empty Hard Capsules Market, with more new investments expected to enter the field in the future.
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Which regions are leading the Pharmaceutical Empty Hard Capsules Market?
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the global trends in the Pharmaceutical Empty Hard Capsules Market? Would the market witness an increase or decline in the demand in the coming years?
What is the estimated demand for different types of products in Pharmaceutical Empty Hard Capsules Market? What are the upcoming industry applications and trends for the Pharmaceutical Empty Hard Capsules Market?
What Are Projections of Global Pharmaceutical Empty Hard Capsules Market Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and Export?
Where will the strategic developments take the industry in the mid to long-term?
What are the factors contributing to the final price of Pharmaceutical Empty Hard Capsules Market? What are the raw materials used for Pharmaceutical Empty Hard Capsules Market manufacturing?
How big is the opportunity for the Pharmaceutical Empty Hard Capsules Market? How will the increasing adoption of Pharmaceutical Empty Hard Capsules Market for mining impact the growth rate of the overall market?
How much is the global Pharmaceutical Empty Hard Capsules Market worth? What was the value of the market In 2020?
Who are the major players operating in the Pharmaceutical Empty Hard Capsules Market? Which companies are the front runners?
Which are the recent industry trends that can be implemented to generate additional revenue streams?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Pharmaceutical Empty Hard Capsules Market Industry?
1. Introduction of the Pharmaceutical Empty Hard Capsules Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Pharmaceutical Empty Hard Capsules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Pharmaceutical Empty Hard Capsules Market, By Product
6. Pharmaceutical Empty Hard Capsules Market, By Application
7. Pharmaceutical Empty Hard Capsules Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Pharmaceutical Empty Hard Capsules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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