The report offers a detailed analysis of key driving and restraining factors of the world empty capsules market.
Portland, OR -- (SBWIRE) -- 07/25/2017 -- Empty capsules enable users to fill bulking agents, fillers, colorants on their own in a capsule. It provides users scope to blend various ingredients and decide specifications of capsules. It is cheaper, safer, and organic solution compared to readymade capsules. Capsules filled with vegetables, herbs, and spices is an alternative for healthy food for children. Empty capsules eliminate the need to go to pharmacy to find tablets with necessary supplements.
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Rising elderly population, increasing applications in the pharmaceutical industry, and technological innovations are factors propelling the growth of the world empty capsules market. However, rising gelatin prices and cultural and religious specifications have hampered the growth of the market. Demand for HPMC/non-gelatin capsules present significant opportunities in the market.
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The world empty capsules market is segmented based on product, raw material, therapeutic applications, end users, and geography. The products covered in the report include hard gelatin and non-gelatin capsules. The raw material segment is further classified into pig meat, bovine, and HPMC. Therapeutic applications included in the report are antibiotics and vitamins. The end users covered in the report are pharmaceutical and health supplements. The regions, such as North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA) would experience tremendous growth.
The prominent manufacturers operating in the market are ACG Worldwide, Capsugel, CapsCanada Corporation, Roxlor LLC, Qualicaps, Inc., Snail Pharma Industry Co. Ltd., Suheung Co. Ltd., Medi-Caps Ltd., Sunil Healthcare Ltd., and Bright Pharma Caps Inc. Various strategies such as joint ventures, partnerships, collaborations, expansions, acquisitions, and new product launches have helped these companies to strengthen their position in this competitive market.