The global liquid capsule filling machines market size is poised to register astonishing growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to exceed a valuation of US$ 174.1 million in 2023. It is anticipated to hit a valuation of US$ 231.7 million by 2033. The market is estimated to showcase a moderate CAGR of 2.9% from 2023 to 2033.
The increasing focus of consumers on health and wellness, coupled with awareness about healthy lifestyles and the effectiveness of dietary supplements among the population has propelled the demand for health supplements. Liquid capsule formulations are easy to ingest and get absorbed in the body fast than tablets. This has resulted in the popularity of liquid-filled capsules as health supplements in the nutraceutical industry.
High consumption of capsules has created a steady demand for effective capsule filling solutions, which is fuelling the demand for liquid capsule filling machines globally. The global liquid capsule filling machines market is forecasted to reach US$ 231.7 million by 2033.
Country-wise Insights
What do the Regions have to Say?
In 2022, North America occupied a 35.0% share of the global market. The United States accounted for 31.7% of the share of the global market. North America has been at the forefront regarding the healthcare vertical – be it diagnosis or treatment. The pharmaceutical industry in North America is abreast with advanced infrastructure. The United States holds the prominent share of the liquid capsule filling machines market and the status quo is expected to remain unchanged even going forward. Moreover, as the market over here is subject to new drug launches at regular intervals, the demand for liquid capsule filling machines is not expected to cease even going forward.
Coming to Europe, Belgium, Germany, and Denmark are leading the liquid capsule filling machines market from the front significantly because these three countries spend a notable percentage of their GDP on healthcare. In other words, health is of utmost importance in these economies. The United Kingdom stands forth herein. In 2022, Europe captured a 27.3% share of the global market. Germany and the United Kingdom garnered 3.4% and 1.9% share in the global market.
Extensive research is being carried out about the administration of drugs. The convenience factor helps the patients in choosing drugs in liquid form. Also, the fact that with liquid capsules, it becomes easy for the patient to keep a tab on the intake of drugs, which can’t be ruled out. Intake through spoons may tamper with the quantity to be taken. This is where the liquid capsules help. Now, with liquid capsules, demand for liquid filling machines increases in equal proportion.
How is Asia Pacific Market Shaping?
These days, even Asia-Pacific is growing at a notable pace in this regard. Developing countries like India are leaving no stone unturned in the easy accessibility of drugs. This factor calls for an excessive demand for liquid capsule filling machines. A country like India is becoming a cost-effective hub of drugs. Several companies based out of North America and Europe are outsourcing their production to India and China. In 2022, India accounted for 2.7% of the share in the global market, whereas China occupied 3.4% market share.
How are Other Regions Faring in the Global Market?
The other regions like LATAM and MEA are also not behind. LATAM is picking up with Brazil’s and Argentina’s governments taking initiatives regarding the propagation of in-house drug manufacturing. Though these initiatives are at the developing stage as of now, the future is expected to witness maturity on this count.
The healthcare vertical is such that developments might be needed at every instant. In other words, it is one such industry wherein there can never be a flat curve when it comes to development, irrespective of the geographical location. India exports vaccines to Canada and various other countries. This trend might be followed in the future regarding other ailments as well. Brazil could also turn out an exporter to other countries.
Competitive Landscape
The global liquid capsule filling machines market is quite consolidated. Key players like Sueheng Co. Ltd., Capsugel Inc., and Syntegon Technology GmbH are the Tier-1 players who account for more than 40% of the market share. Key players are increasingly investing in research and development activities to cater to the growing demand.
Recent Developments Observed by FMI:
· In April 2021, Hudi PharmaX launched DEDALO Dx, an innovative capsule filling machine range. When it comes to research and development, pilot, and small batch manufacturing, DEDALO Dx is a multi-dosing, precise, and tiny completely automatic capsule filling machine. This machine assists businesses in saving API, time, and ultimately money.
· CapsCanada introduced a new liquid-filled hard capsule manufacturing service in October 2021 to bring back North American pharmaceutical and OTC medicine production.
