The global liquid capsule filling machines market size is slated to surpass a valuation of US$ 174.1 million in 2023. It is expected to attain a valuation of US$ 231.7 million by 2033. The market is predicted to register a CAGR of 2.9% from 2023 to 2033.
Liquid capsules offer several advantages over other dosage forms. Compared to tablets or pills, they are easy to swallow, allow for precise and accurate dosage, have better bioavailability of some medications, and have great durability. Pharmaceutical firms are creating liquid-based formulations as a result, which is increasing the need for liquid capsule filling machines.
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Pharmaceutical production is hugely productive and cost-effective due to automated procedures provided by liquid capsule filling machines. High production quantities could potentially be handled by these machines, which lower labor costs and boost overall manufacturing effectiveness. The demand for liquid capsule filling machines is growing as businesses try to make their processes efficient.
The increasing technological advancements due to increased research and development activities are predicted to create lucrative growth opportunities in the market. With increases in automation, precise dosing, and production effectiveness, liquid capsule filling machines have made enormous advances in recent years.
The machines are now reliable, economical, and able to satisfy the rising needs of the pharmaceutical business due to these developments. Additionally, the increasing trend of personalized medications is likely to flourish in market growth. Since liquid capsule filling machines can create small quantities of medications, they are the perfect choice for companies that manufacture customized medications and aid the market’s expansion.
Key Takeaways from the Liquid Capsule Filling Machines Market:
- The global liquid capsule filling machines market developed at a CAGR of 2.4% from 2018 to 2022.
- In 2018, the global market size stood at US$ 154.2 million.
- In 2022, the market size accounted for US$ 169.2 million.
- In 2022, the automatic machine segment captured 88.6% of the market share.
- In 2022, the drug manufacturing segment by end-user occupied 81.7% of the market share.
- In 2022, North America occupied a 35.0% share of the global market.
- In 2022, the United States accounted for 31.7% of the share in the global market.
- In 2022, Europe captured a 27.3% share of the global market.
- In 2022, Germany occupied a 3.4% share of the global market.
- In 2022, the United Kingdom garnered a 1.9% share of the global market.
- In 2022, India accounted for 2.7% of the share of the global market.
- China occupied 3.4% of the global market share in 2022.
“Key manufacturers of liquid capsule filling machines are focusing on technological development to offer automated large-scale capsule manufacturing capabilities to meet the increasing demand for capsules in the market. Companies are coming up with technologies that offer the integration of various processes into one automatic capsule filling equipment. In, key players are acquiring or collaborating with mid-sized firms to penetrate better into the market and gain significant market share.”
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Market Landscape:
Syntegon Technology GmbH, Capsugel Inc. (Lonza Group), and Suheung Co., Ltd have been identified as the top three players in the global liquid capsule filling machines market; these account for more than 40% of the global market. Several organized tier-II players operate at regional levels, and also provide contract manufacturing services, along with selling new and refurbished liquid capsule filling machines. In conclusion, the number of small-scale unorganized players is fairly low, and might not affect the global market dynamics much, as the global liquid capsule filling machines market is distinguished by the top players and their pricing strategies.
Key Takeaways:
- Drug manufacturers are the key end users of liquid capsule filling machines, and account for a lion’s share in the global market. Most of the leading pharma manufacturers have in-house filling stations, while mid-sized pharma manufacturers tend to outsource their filling needs to contract manufacturers.
- Automatic liquid capsule filling machines are preferred over semi-automatic ones. End users that require continuous output opt for fully-automatic machines, while R&D labs and small-scale pharma manufacturers opt for semi-automatic liquid capsule filling machines.
- Hardgel capsules account for a major share in the liquid capsule filling machines market, as they are easier and economical to manufacture.
- Liquid capsule filling machines with the output capacity of 12,000-25,000 C/hr are mostly preferred for high speed with precision in commercial applications. Thus, the segment is estimated to generate an incremental opportunity of around US$ 19 Mn by the end of the decade.
- North America is estimated to be the largest market for liquid capsule filling machines, accounting for over 35% of the global market. This can be primarily attributed to the fact that North America houses leading pharmaceutical manufacturers and advanced R&D labs.
Key Segments:
By Machine Type
- Semi-automatic
- Automatic
By Output Capacity
- Up to 6,000 C/hr
- 6,001 – 12,000 C/hr
- 12,001-25,000 C/hr
- 25,001-70,000 C/hr
- 70,001-90,000 C/hr
By Capsule Type
- Hardgel
- Softgel
By End-user
- R&D Labs
- Drug Manufacturing
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Liquid Capsule Filling Machines Market by Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
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