The capsule filling machines market is forecasted to experience a growth of 4.8% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 588.35 million in 2023.
The high prevalence of chronic diseases in the mass population has kindled the demand for capsules. In turn, increasing the intake of capsules owing to different factors has led to a constant need for efficient capsule-filling solutions.
Manufacturers can attract price-sensitive consumers by producing the capsules on a large scale. Moreover, manufacturers can boost their yearly turnover due to the cost-benefits of wide-scale production.
Surging demand for digestive health supplements is also pushing the demand for capsules, thus stretching the market size of capsule-filling machines. Other factors favoring the market growth include a high focus on refining the efficiency levels of manufacturing processes, innovations, technological advancements, and surging efforts on product development.
In developed countries, new drug launches take place at regular intervals, suggesting an unceasing demand for capsule-filling machines in these countries. Additionally, health is given extreme importance in such economies, thus favoring market growth.
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The medical field observes developments at each step of the way, i.e., it is the only industry that never watches a flat curve when it comes to development, regardless of the geographical location. Further, there are expected to be many developments, changes in trade cycles, and efficiency in the capsule-filling machines over the forecast period.
Top Highlights from the FMI’s Analysis of the Capsule Filling Machines Market:
- The North America region is expected to acquire a giant slice of the capsule-filling machines industry. This also reflects the market’s maturity, and how challenging it is for entrants to break into this regional market. However, the market still offers significant opportunities for resilient players.
- Europe’s market is another notable market for the capsule filling machines industry. Various studies and research surrounding enhancing the efficiency of these machines have driven the equipment toward improvement. Also, manufacturers willing to invest in developing capsule-filling machines, are up-to-date with the latest requirements and industry standards and are expected to optimize their market position.
- The Asia Pacific region is projected to express accelerated growth in the coming years. The region has become an attraction point for key manufacturers who want to blend geographical districts and expand their footprint in new areas. Furthermore, new investments in the market are also propelling regional growth.
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FMI Finds out New Developments that are Shaping the Market Growth
- In March 2021, Scholle IPN, a United States-based bag-in-box packaging product producer, acquired Bossar Packaging Pvt. Ltd. Due to this acquisition, the global market is projected to have access to a singular point of purchase for vertically integrated solutions.
- In July 2023, Syntegon introduced its GKF Capsylon 6005, a ‘high-speed’ capsule filling machine, in Europe and the United States. The device is engineered to fill 3, 60,000 nutraceutical capsules every hour, double the volume it could contain in previous models. The increased capacity amount has not affected the operation times, leading to high efficiency in the process.
Key Segments Profiled in the Capsule Filling Machines Industry Survey
By Operation Type:
- Automatic
- Semi-Automatic
- Manual
By Capacity Type:
- >75,000 Units
- for 75,000 – 150,000 Units
- for 150,000 – 225,000 Units
- for 225,000 – 300,000 Units
- >300,000 Units
By Dosage Type:
- Liquid
- Semi Solid
- Solid
By Region:
- North America
- Latin America
- Europe
- Eastern Europe
- Asia Pacific
- The Middle East & Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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