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Author: QYResearch | Published Date: 2018-07-20 | Views: 91
As per the report, the global capsule filling machines market is foreseen to register a lethargic CAGR of 1.90% during the forecast period 2018-2025 to achieve a valuation of US$ 440.43 Mn by 2025. In 2017, the global capsule filling machines market was valued at a US$ 379.37 Mn.
Global Capsule Filling Machines Market: Drivers and Restraints
Rising demand for various types of medications and treatments, especially in developing regions such as APEJ, is prophesied to set the tone for valuable growth of the global capsule filling machines market. With a view to up their operational and production efficiency levels, vendors are providing customized solutions to consumers in the global capsule filling machines market.
Favorable factors such as ease of operation is projected to increase the demand for capsule filling machines. The demand in the global capsule filling machines market is predicted to inflate on the back of the increasing application of the machines due to their ability to fill semi-solid, liquid, and solid dosages.
However, the expensive cost of automatic products offered in the global capsule filling machines market is prognosticated to hamper the demand during the forecast period. Nonetheless, there could be market opportunities created with the growing requirement of capsule filling machines in the pharmaceutical industry. The need to maintain hygiene when manufacturing capsules and the reliability of capsule filling machines are supporting the market growth.
Global Capsule Filling Machines Market: Forecast by Type
The global capsule filling machines market is classified into three segments according to type of product: fully automatic, semi-automatic, and manual. Among these, fully automatic capsule filling machines are anticipated to rank higher in the global market in terms of value. In 2017, they secured a market share of 64.49%. This segment could continue to show dominance in the global capsule filling machines market in the coming years as well.
Global Capsule Filling Machines Market: Forecast by Application
By application, the global capsule filling machines market is divided into three segments, viz. cosmetics, pharmaceutical, and others. Among these, the pharmaceutical industry contributed the most to the global capsule filling machines market in 2017. In that year, it accounted for an over 97.00% share of the global capsule filling machines market.
Global Capsule Filling Machines Market: Forecast by Region
India, Southeast Asia, Japan, China, Europe, and North America are the six geographies closely assessed in the report. According to the study presented in the report, China is the country with the largest production area. In 2017, it accounted for an approximate 32 % of the total production of capsule filling machines.
Global Capsule Filling Machines Market: Key Players
ACG Worldwide, MG2, IMA Pharma, Capsugel, and Bosch Packaging Technology are some of the top players of the global capsule filling machines market. Market players are observed to be concentrated in China and Europe.
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