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Due to developments in research and development activities in the healthcare sector and the advantages of gelatin capsules over other drug delivery forms, the gelatin capsules segment led the empty capsules market in 2020, and this trend is projected to continue during the forecast period. Data Bridge Market Research analyses that the empty capsules market was valued at USD 2587.61 million in 2021 and is further estimated to reach USD 5006.54 million by 2029, and is expected to grow at a CAGR of 8.4% and at a during the forecast period.
Some of the major players operating in the Empty Capsules market are ACG. (India), CapsCanada (Canada), Bright Pharma Caps (US), Lonza (Switzerland), SavoiurCaps (India), Comed Chemicals Limited. (India), NATURAL CAPSULES LIMITED (India), Wuhan Carma Technology Co., Ltd. (China), Goerlich Pharma GmbH (Germany), NecLife Lifesciences Ltd (India), HealthCaps India Ltd. (India), Erawat Pharma Limited. (India), QUALICAPS (US), SUHEUNG co., ltd. (South Korea), Fortcaps. (India), SNAIL PHARMA INDUSTRY. (China), Roxlor (US), Sunil Healthcare Limited. (India), H & CARE Incorp. (India) and SHAOXING KANGKE CAPSULE CO.,LTD (China).
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Source: Digital Journal