Empty Capsule Market Opportunities, Trends, Outlook And Forecast To 2027
Market Overview The global Empty capsule market is expected to register a CAGR of approx 8.8 % during the forecast period of 2018 to 2023. Market Dynamics The global empty capsule market is being driven by increasing investments in capsule manufacturing plants, rising demand for halal capsules, and growing applications in the nutraceutical industry. Furthermore, the popularity of capsule-based drug delivery systems has grown in recent years, resulting in a rise in capsule demand. Many industry players have increased their investments in capsule manufacturing plants in response to the current market conditions, in order to increase their capsule production capacity and meet the increasing demand. Following the illustrated route, Capsugel (a Lonza company) invested more than USD 25 million in 2015 to expand its vegetarian capsule production range. To summarize, such investments allow companies to expand their production capacity and make capsules available to customers on the ...