by Market Overview:
Capsule filling machines are automation equipment used for filling capsules with powders, pellets, tablets and granules in pharmaceutical and nutraceutical industries. They offer advantages like consistency, accuracy and control over filling process. Semi-automatic and automatic machines are available based on production needs. These equipment helps in optimizing productivity and improving filling quality parameters.
Market Dynamics:
Increasing generic and nutraceutical production driven by growing health awareness is a key driver for capsule filling machines market. As per industry reports, generic drugs account for over 80% of dispensed prescription volumes worldwide and the segment is growing at around 10% annually. Further, advancements in capsule filling technology like real-time process monitoring, Industry 4.0 integration and multi-cavity systems allow higher throughput, lesser changeover times and downtimes, thereby fuelling their adoption rate.
Rising penetration of contract manufacturing and rapid growth of pharmaceutical industry in emerging economies like India and China also contribute to the market expansion. However, high initial investments and maintenance costs of advanced machines pose a challenge for small businesses.
The global Capsule Filling Machines Market Demand is estimated to be valued at US$ 1.92 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The capsules filling machines market is segmented into semi-automatic capsules filling machines and fully automatic capsules filling machines. The fully automatic capsules filling machines segment is dominating the market due to ability to fill a large number of capsules in a short period of time with minimal human intervention, ensuring consistency and reduced chances of errors.
PEST Analysis
Political: Governments across countries have implemented various regulations and standards to ensure quality and safety of capsule products.
Economic: Rising disposable income levels and increasing healthcare spending are fueling the demand for capsules.
Social: Growing awareness about benefits of consuming medicines in capsule form is driving market growth.
Technological: Advancements in automation technologies are enabling development of high-speed and precise capsule filling machines.
Key Takeaways
The global capsules filling machines market is expected to witness high growth, exhibiting CAGR of 6.7% over the forecast period, due to increasing demand for capsules from pharmaceutical manufacturers.
The Asia Pacific region is expected to be the fastest growing as well as the largest market for capsules filling machines during the forecast period. Countries like India, China and Japan have seen rapid establishment of pharmaceutical manufacturing facilities in recent years.
Key players operating in the capsules filling machines market include Robert Bosch GmbH, IMA S.p.A., MG2 s.r.l., Romaco Group, ACIC Pharmaceutical Machinery, Torpac Inc., Dott Bonapace & C Srl, Schaefer Technologies, Inc., TITAN PHARMACEUTICAL MACHINERY, Adinath International, ACG Worldwide, Jornen Machinery Co., Ltd., Hanningfield Process Systems Ltd., N.K Industries, Kambert Machinery Co. Pvt. Ltd., SaintyTec, Cap Plus Technologies Pvt. Ltd., Hanlin Hangyu Industrial Co., Ltd., Harro Höfliger Verpackungsmaschinen GmbH, Qualicaps. Major players are focusing on product launches and partnerships to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
