Capsule Filling Machine Market is expected to reach US$ 290.92 Million by 2028


PRESS RELEASE BY The Insight Partners 23 Dec 2021

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Fully Automatic Capsule Filling Machines Segment, by Type, to Lead Market during 2021–2028

 

According to our new research study on “Capsule Filling Machine Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and Capacity,” the market is expected to reach US$ 290.92 million by 2028 from US$ 211.32 million in 2021; it is estimated to grow at a CAGR of 4.7% during 2021–2028. The report highlights trends prevailing in the market and factors driving its growth. The growth of the market is attributed to the advancement in capsule filling machine and the rising prevalence of chronic diseases. However, the high cost incurred in capsule filling machine production hampers the market growth.

 

Based on type, the capsule filling machine market is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines. The fully automatic capsule filling machines segment held the largest share of the market in 2021 and is anticipated to register the highest CAGR in the market during the forecast period. The market growth for this segment is attributed to the various advantages provided by fully automatic capsule filling machine, such as high production speeds, reliability and consistency, and upgradable machinery.   

 

Impact of COVID-19 Pandemic on Capsule Filling Machine Market

The COVID-19 pandemic is adversely affecting industries worldwide. The outbreak led to significant disruptions in primary industries, such as manufacturing, healthcare, energy & power, electronics & semiconductor, aerospace & defense, and construction in 2020. It had a negative impact on the total sales of most companies. However, several businesses are pursuing research and development for the creation of efficient COVID-19 treatments. The development of medications for COVID-19 has propelled the demand for capsule filling machine technologies. Therefore, the pandemic had a favorable impact on the capsule filling machine market due to the increased requirements of capsule filling machine technologies from a few sectors, such as pharmaceuticals and nutraceuticals. The opportunities were provided to the market due to the rising number of COVID-19 positive patients.

 

ACG; Capsugel, Inc (A subsidiary of Lonza Group AG); Schaefer Technologies; Syntegon Technology GmbH; Torpac Inc.; Zhejiang Fuchang Machinery Co., Ltd; Beijing Hanlin Hangyu Technology Development Inc.; M2G S.r.l; and I.M.A. Industria Macchine Automatiche S.p.A. are among the leading companies operating in the capsule filling machine market.

 

Capsule Filling Machine Market, by Region, 2021 (%)

Capsule Filling Machine Market, by Region, 2021 (%)


Capsule Filling Machines Market Size & Share Report by 2028

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Capsule Filling Machine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Manual Capsule Filling Machines, Semi-Automatic Capsule Filling Machines, and Fully Automatic Capsule Filling Machines), Application (Pharmaceutical, Cosmetics, and Others), and Capacity [Small (Upto 50,000 Capsules), Medium (50,000 Capsules to 100,000 Capsules per Hour), and High (More than 100,000 Capsules per Hour)]

The capsule filling machine market, by type, is segmented into manual capsule filling machines, semi-automatic capsule filling machines, and fully automatic capsule filling machines.  Based on application, the market is segmented into pharmaceutical, cosmetics, and others. Based on capacity, the capsule filling machine market is segmented into small (upto 50,000 capsules), medium (50,000 capsules to 100,000 capsules per hour), and high (more than 100,000 capsules per hour). By geography, the market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East and Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East and Africa), and South and Central America (Brazil, Argentina, and the Rest of South and Central America).

 
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