The empty capsules market was valued at $2B in 2020 and is expected to grow at a CAGR of around 8% from 2022-2028, according to a report by UnivDatos Markets Insights,
Empty capsules serve as the protective outer shell for medications and are formed from special film-forming materials such as gelatin, starch, and pullulan. Due to their numerous properties, they have become drug delivery device products employed by top pharmaceutical and biopharmaceutical companies. The market for empty capsules is growing on account of the increasing adoption of capsule formulations, the rising prevalence of chronic diseases coupled with the rapidly growing geriatric population across the globe. For instance, according to the United Nations, the global population aged 60 years or over numbered at 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050.
The empty capsules market is expected to grow at a steady rate of around 8% during the forecast period. Factors such as increasing research & development activities for developing new therapeutic products, growing technological advancement in the pharmaceutical industry and rising preference of consumers for capsules due to their fast-disintegrating nature are some of the prominent factors contributing to the growth of the market.